Friday, 21 January, 2022
TopicAnil Ambani

Topic: Anil Ambani

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

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

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

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

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

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

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

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

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

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.

Delhi HC asks SBI to maintain status quo on accounts of RCom, Reliance Telecom, Infratel

Justice Prateek Jalan passed the order on a plea by erstwhile directors of the 3 companies challenging a 2016 circular of RBI regarding declaration of accounts as fraud by banks.

On Camera

YourTurn

How Facebook and Amazon rely on an invisible workforce

The market for on-demand, digital tasks is estimated by the World Bank to be worth $25 billion, with Meta Platforms, Amazon, YouTube as some of the biggest buyers.
Representational image of a jewellery store | ANI

India Jewellery Park to be set up in Mumbai, aims to attract Rs 20,000 crore investment

The Gem & Jewellery Export Promotion Council and Maharashtra Industrial Development Corporation have signed a draft agreement granting possession of a plot for setting up the park.

Defence

Foreign secretary Harsh Vardhan Shringla meets German Navy chief Vice Admiral Kay-Achim Schönbach on 20 January. | Twitter | @MEAIndia

New chapter in ties as Indian foreign secy meets Germany navy chief, warship ‘Bayern’ visits

With Germany identifying India as one of the key partners in its Indo-Pacific policy, a German frigate entered Indian waters for a port call in Mumbai, in a major signal to China.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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