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.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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