The core team of RGCC will include experienced leaders of the Group — Sateesh Seth, Punit Garg, and K Raja Gopal
The company has been allotted 1,000 acres of land in the Watad Industrial Area of Ratnagiri to develop the Dhirubhai Ambani Defence City (DADC).
Reliance Power shares hit a 5 percent lower circuit for the third session in a row amid profit-booking, following a strong 60 perent surge last month after the company declared itself debt-free.
The two Reliance-group companies will execute renewable energy projects in Bhutan in a joint venture with the commercial and investment arm of the Royal Government of Bhutan, Druk Holding and Investments.
The Anil Ambani-led Reliance Group will jointly develop 500 MW of solar and 770 MW of hydropower projects in the country
The Calcutta High Court has upheld a Rs 780-crore arbitration award in favour of Reliance Infrastructure.
The electric utility company said it is would consider multiple options including equity sale and foreign currency convertible bonds among other options at its board meeeting on October 3
Reliance Power shares hit the 5 percent upper circuit for the eighth consecutive session, driven by key contract wins and favorable corporate developments.
This comes days after Reliance Infrastructure, another Anil Ambani-led group firm, approved raising Rs 6,000 crore
Reliance Power shares were locked at the upper circuit ahead of its board meeting to consider raising long-term funds, marking its eighth consecutive session of gains.
Reliance Infrastructure aims to raise Rs 6,014 crore to support its expansion plans. Initially, it will secure Rs 3,014 crore through a preferential issue, followed by an additional Rs 3,000 crore through a QIP.
Reliance Power's obligations as a guarantor on behalf of Vidarbha Industries Power have been fully settled, resulting in the release of all obligations related to the debt of Rs 3,872.04 crore.
The Securities and Exchange Board of India (SEBI) fined Ambani Rs 25 crore and barred him from being associated with the securities markets for five years.
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Ambani, the spokesperson in a statement said, had resigned from the the board of Reliance Infrastructure Ltd and Reliance Power Ltd pursuant to Sebi's interim order dated February 11, 2022 in the a matter pertaining Reliance Home Finance Ltd
The markets regulator fined Ambani Rs 25 crore and barred him from being associated with the securities markets for five years
Sebi has imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with the securities market including as a director or Key Managerial Personnel (KMP) in any listed company, or any intermediary registered with the market regulator, for a period of 5 years.
Rakhi Sawant started working at an early age. She once revealed how she worked as a waitress at Anil and Tina Ambani's wedding.
The court has rejected challenges by many prominent industrialists such as Anil Ambani to some provisions of the Insolvency and Bankruptcy Code (IBC) alleging that they were violative of fundamental rights.
In April 2021, Sebi levied a fine totalling Rs 25 crore on Mukesh Ambani, Anil Ambani, Nita Ambani, Tina Ambani and other entities for non-compliance with takeover norms in a Reliance Industries case dating back to 2000.
Ambani’s Reliance Power Ltd. is also considering making an offer for the asset in an attempt to win back control of the firm, one of the people said.
According to sources familiar with the matter, IIHL, which is the investment arm of the Hinduja Group, received an overwhelming majority of votes from the lenders, with 99.6 percent in favor of its resolution plan for Reliance Capital (RCap).
Earlier this month, Jesudasan had suffered a heart attack just as he took a flight from Bhopal, sources said.
Earlier this week, the NCLT did not stop the Committee of Creditors from voting to decide on a second round of auction
Torrent Investments and Hinduja Group company IndusInd International Holdings are in the fray for Reliance Capital.