Dec 19, 2019 08:17 AM IST
The company owes Rs 91.78 crore, includes both principal and the interest, to 19,964 retail bondholders but is unable to pay because of a restraint placed by the lenders as it is undergoing is a bank-led resolution process. The instruments are maturing on January 3 and 15.
- Dec 16, 2019 07:32 PM IST
Ambani contested the proceedings and put up a strong legal defence, and will continue to contest the proceedings and seek leave to defend, without any conditions as to making of deposits or payments being imposed, the statement said.
- Oct 09, 2019 09:29 PM IST
Anmol (27) is already overseeing the financial services business Reliance Capital, since he joined its board in August 2016.
- Sep 30, 2019 05:40 PM IST
Addressing the shareholders at the AGM, chairman Anil Ambani also said the group's defence businesses will also follow an asset- and capital-light model.
- Sep 30, 2019 12:32 PM IST
Ambani said factors like rumour mongering and reckless selling in the last six months caused collateral damage in his NBFC
- Aug 21, 2019 03:59 PM IST
Nippon Life floated open offer to acquire nearly 22.49 percent stake in RNAM for Rs 3,179 crore under a deal with Reliance Capital which is exiting the mutual funds business.
- Jul 23, 2019 04:05 PM IST
A two-member bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.
- Jul 01, 2019 11:46 AM IST
The company aims to monetise its real estate in order to generate cash to pay off its debt obligations following the ratings downgrade of its group companies
- Jun 12, 2019 11:50 AM IST
PWC has put in its resignation, with effect from June 11, 2019, citing unsatisfactory response to "certain observations" made by it as a part of the ongoing audit for fiscal 2018-19, the two companies said in their respective regulatory filings to stock exchanges.
- Jun 11, 2019 12:46 PM IST
Ambani pointed out during last 14 months, lenders from all categories had provided zero net additional liquidity or debt to any entity of the Reliance Group
- May 21, 2019 05:50 PM IST
The suits were being heard in the court of city civil and sessions judge P J Tamakuwala.
- Apr 14, 2019 09:30 AM IST
Alexandre Ziegler, France's ambassador to India, said a global settlement was reached between French authorities and Reliance FLAG in a tax dispute.
- Mar 18, 2019 05:45 PM IST
A source in the know said RCom has paid Rs 458.7 crore to Ericsson as per the SC directive, but did not divulge details.
- Mar 14, 2019 03:44 PM IST
Gandhi said he was talking about the "dishonest" people associated with Modi and "it is really the fight between Congress and Modi".
- Mar 07, 2019 10:22 AM IST
Investigate everyone but probe Modi as well, Gandhi told a press conference, accusing the prime minister of performing a "bypass surgery" in the purchase of the fighter aircraft for corruption, including benefiting businessman Anil Ambani.
- Feb 20, 2019 11:14 AM IST
A bench of justices R F Nariman and Vineet Saharan ordered Ambani to pay Rs 453 crore to Ericsson within four weeks
- Feb 19, 2019 09:04 PM IST
Reliance Communications (RCom) had told the court they had tried to move 'heaven and earth' to ensure Ericsson gets its due but was unable to do so due to failure of assets sale deal with Jio.
- Feb 17, 2019 05:35 PM IST
Some of the key lenders include Templeton MF, DHFL Pramerica MF, Indiabulls MF, IndusInd Bank and Yes Bank.
- Feb 12, 2019 01:50 PM IST
Ambani, Reliance Telecom Ltd Chairman Satish Seth and Reliance Infratel Ltd Chairperson Chhaya Virani appeared before a bench of Justices R F Nariman and Vineet Saran in pursuance to the contempt notice issued against them.
- Feb 09, 2019 07:46 PM IST
L&T Finance and Edelweiss Group have refuted the allegations and have counter-alleged Reliance Group of failing to make timely payments.
- Feb 04, 2019 09:26 AM IST
The company that has over Rs 40,000 crore debt said this decision has been taken as their board has been unable to get a 100 percent approval of all 40 lenders on any matter.
- Jan 21, 2019 10:46 AM IST
Anshul Ambani joined Reliance Infrastructure, the group company's EPC arm, as a trainee last week
- Jan 08, 2019 02:39 PM IST
Speaking to reporters outside Parliament, Gandhi said the CBI chief was removed at 1 AM as he was about to begin an investigation into the Rafale jet agreement and Prime Minister Modi and his government cannot run away from a probe into the deal.
- Dec 14, 2018 12:25 PM IST
In its ruling on a batch of petitions seeking a probe into the deal, the apex court said there was no occasion to doubt the decision-making process in the procurement of the 36 Rafale fighter aircraft from France.
- Nov 08, 2018 07:50 AM IST
A spokesperson of the Anil Ambani group, when contacted, said the group has no project in Yavatmal district.