Sunday, 26 June, 2022
TopicAnil Ambani

Topic: Anil Ambani

Anil Ambani resigns from boards of Reliance Power, Reliance Infrastructure after SEBI’s order

Suvashree Ghosh -
SEBI in February had issued a retraining order on founder Ambani and other top executives of a group entity, Reliance Home Finance, for allegedly diverting funds to repay debt.

Anil Ambani’s Reliance Capital unraveling shows why RBI hates big business in banking

Andy Mukherjee -
Reliance Capital joins a long list of Indian shadow banks that have keeled over since the sudden collapse of infrastructure financier IL&FS Group in September 2018.

RBI supersedes board of Anil Ambani’s Reliance Capital over defaults in payment

PTI -
The central bank also appointed Bank of Maharashtra's former executive director Nageswar Rao Y as the administrator of the NBFC.

This is how Mukesh Ambani is planning to pass on Reliance empire to his successors

P. R. Sanjai -
The Reliance empire was plunged into uncertainty in 2002 when Dhirubhai Ambani died without a will, subsequently sparking a years-long battle for control between brothers Mukesh and Anil.

Pandora Papers show stringent laws alone won’t deter rich Indians engaged in financial jugglery

Seshadri Chari -
The Modi govt will have to come up with out-of-the box ideas such as drastic reduction in income tax slabs to stop capital flight.

Anil Ambani, Tendulkar among Indians who parked funds in offshore firms, ‘Pandora Papers’ reveal

Tenzin Zompa -
The investigation is based on nearly 12 million documents obtained by the International Consortium and Investigative Journalists. The list names several prominent Indians and world leaders.

How Anil Ambani’s Reliance Infrastructure won Rs 4,660 crore from Delhi Metro after 9 years

Apoorva Mandhani -
Anil Ambani Reliance Infrastructure Ltd has been locked in a legal battle with DMRC over operating the airport express line. The win is crucial for Ambani whose firms are in bankruptcy.

Mumbai ex-police chief alleges Anil Deshmukh wanted Rs 100 cr a month, minister denies claim

Manasi Phadke -
Home Minister Anil Deshmukh took to Twitter Saturday evening and said former Mumbai police commissioner Param Bir Singh was trying to 'save himself' in the Antilia bomb scare probe.

Jindal Steel, Russian team inspect Anil Ambani’s Gujarat shipyard that’s up for sale

Snehesh Alex Philip -
Russia is eyeing the shipyard to buttress its pitch for building six new conventional submarines under Project 75 India, while Jindals see it as a captive client of its own.

Jindal Steel keen to acquire Anil Ambani’s bankrupt shipyard Reliance Naval

Swansy Afonso -
A successful sale of Reliance Naval will help creditors including IDBI Bank and SBI recoup part of the company’s Rs 108 billion of debt.
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Economy

Illustration: Ramandeep Kaur | ThePrint

Does breaking up big states boost economy? Data doesn’t back up hype, says Indian study

Nikhil Rampal -
The study by researchers at Indira Gandhi Institute of Development Research looked at economic impact of reorganising Uttar Pradesh, Madhya Pradesh, and Bihar in the year 2000.

Defence

The Indian Air Force logo | Commons

Almost 4,000 enrol for IAF’s Agnipath recruitment scheme on day 1 of online registrations

Raghav Bikhchandani -
These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.

National Interest

With Agnipath, Modi govt’s shock & awe doctrine may have misfired a vital reform, yet again

Shekhar Gupta -
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.

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