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Wednesday, August 20, 2025
TopicReliance

Topic: Reliance

Anil Ambani’s GCX Ltd files for bankruptcy after defaulting on payment on $350 million bonds

GCX Ltd, which owns the world’s largest private undersea cable system, is the latest among Anil Ambani’s companies to file for bankruptcy in the past year.

After telecom, Anil Ambani’s shipyard faces insolvency as banks reject debt restructuring

A bankruptcy tribunal ruling favouring banks will deal another blow to Anil Ambani’s stressed empire after his wireless carrier slipped into insolvency.

Too much natural gas damages a $4 billion bet by Mukesh Ambani’s Reliance

A delayed project to convert petcoke into gas at Reliance has now been hit by global gas market crash & growing supplies from the US, Australia & Russia.

How Mukesh Ambani is grooming his children to take over his $50 billion empire

Mukesh Ambani has big ambitions in new areas like e-commerce and is enlisting his children to help drive the modernisation of his empire.

Deal with Reliance allows Saudi Aramco to hold on to its grip over Indian oil market

Aramco’s plan to buy 20% of Reliance will allow Saudi Arabia to easily reclaim India’s top oil supplier spot from Iraq.

Mukesh Ambani looks to slash $22 billion of Reliance debt with Aramco, BP deals

Mukesh Ambani told shareholders that Reliance Industries aims to be a zero-net-debt company in 18 months.

Mukesh Ambani’s Reliance to buy Google-backed start-up Shopsense Retail

Reliance is adding Fynd as part of its focus on consumer businesses & mobile phone services as growth areas for the sprawling conglomerate.

Dassault Aviation likely to start making Rafale parts in India this year for global clients

Dassault Aviation, the manufacturer of Rafale, is said to have already carried out a test production of certain parts that could be manufactured in India.

Reliance Capital protests downgrade, says it will cut debt 50%

Care Ratings has cut the firm’s long-term debt program to BBB from A and kept it on credit watch.

India should be cautious of Saudi Aramco’s interest in Reliance refinery for a few reasons

India has a dangerous addiction to imported crude, and it should be wary of getting too cozy with its dealer.

On Camera

Afzalgunj to Begum Bazar—Hyderabad’s markets don’t look ‘nawabi’. Marwaris, Gujjus built them

Some of Hyderabad’s oldest jewellery and perfume stores—many dating back to the Nizam era—are run by Marwari, Gujrati, and Jain families.

New insolvency frameworks to shorter timelines, how 2025 amendment bill proposes to transform IBC

New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.

First-of-its kind tri-services conference Ran Samvad to take place in Army War College next week

Billed as the military’s own version of Raisina Dialogue, the event will spotlight on tech-driven warfighting, lessons from Operation Sindoor and release of three new doctrines.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?