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.
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.
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.
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.
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.
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.
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.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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