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Anil Ambani

Q4FY19 results: Reliance Power posts Rs 3,558 cr net loss

Q4FY19 results: Reliance Power posts Rs 3,558 cr net loss

Mon, Jun 10, 2019

Anil Ambani Group firm Reliance Power Sunday reported a net loss of Rs 3,558.51 crore for the quarter ended March 31, as against a net profit of Rs 189.21 crore in the year-ago period.

Property brokerage firm Square Yards' FY19 revenue up 38% at Rs 220 cr

Property brokerage firm Square Yards' FY19 revenue up 38% at...

Fri, May 03, 2019

On operational front, the company concluded 11,508 transactions, including housing sales and home loans, during the last financial year, slightly better than the 11,299 deals in the previous year. In value terms, it did transactions worth nearly Rs 5,000 crore as against Rs 4,302 crore in the 2017-18 fiscal.

Reliance Capital to cut debt by Rs 10,000 to Rs12 crore by monetising stakes in group companies, non-core investments

Reliance Capital to cut debt by Rs 10,000 to Rs12 crore by moneti...

Thu, Mar 07, 2019

The completion of these transactions would be a major step forward in Reliance Capital`s deleveraging strategy, it said. Reliance Capital said its 43 per cent stake in RNAM is currently valued at over Rs 5,000 crore and the sale of controlling interests will be at a significant premium to the market.

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For first time, Mukesh Ambani enters this prestigious global rich club; Check full list here

For first time, Mukesh Ambani enters this prestigious global rich club; Check full list here

Wed, Feb 27, 2019

Reliance Industries chief Mukesh Ambani has broken into the top 10 richest list globally with a net worth of $54 billion, while the fortunes of his younger brother Anil Ambani have done a U-turn, having lost over 65 percent of his net worth, according to a new report.

Reliance Capital invites Nippon Life to acquire its stake in asset management JV

Reliance Capital invites Nippon Life to acquire its stake in asset management JV

Thu, Feb 21, 2019

"Reliance Capital Ltd has invited its partner, Nippon Life Insurance Co Ltd to make an offer to acquire up to 42.88 per cent stake held by Reliance Capital in Reliance Nippon Life Asset Management Ltd," Reliance Capital said in a regulatory filing.

Rcom Chairman Anil Ambani found guilty by SC in Ericsson default case

Rcom Chairman Anil Ambani found guilty by SC in Ericsson default case

Wed, Feb 20, 2019

India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson. The court ordered the billionaire and two RCom directors to pay 4.5 billion rupees to Ericsson within four weeks or risk a three-month jail term, according to a ruling from a two-member bench headed by Supreme Court judge Rohinton Fali Nariman. The RCom had previously deposited more than 1 billion rupees with the court. In a statement, the Indian telco said it respected the ruling and “shall comply with the same”.

Rcom Chairman Anil Ambani found guilty by SC in Ericsson default case: 5 things to know

Rcom Chairman Anil Ambani found guilty by SC in Ericsson default case: 5 things to know

Wed, Feb 20, 2019

India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson.

SC directs RCOM to pay Ericsson Rs 550 cr with interest

SC directs RCOM to pay Ericsson Rs 550 cr with interest

Wed, Feb 20, 2019

The court also imposed a fine of Rs 1 crore each on RCOM, Reliance Telecommunication and Reliance Infratel that would be deposited with the Supreme Court Legal Services Committee (SCLSC).

Supreme Court holds Anil Ambani guilty of contempt; may go to jail

Supreme Court holds Anil Ambani guilty of contempt; may go to jail

Wed, Feb 20, 2019

In a huge blow to Reliance Communications chairman Anil Ambani, the Supreme Court held the RCom boss guilty of contempt, ruling that the embattled telco should pay Ericsson Rs 450 crore within four weeks.

SC holds Anil Ambani, others guilty of contempt of court for wilfully not paying dues to Ericsson

SC holds Anil Ambani, others guilty of contempt of court for wilfully not paying dues to Ericsson

Wed, Feb 20, 2019

A bench comprising of Justices RF Nariman and Vineet Saran said if the contemnor failed to make the payments within the specified period, they will undergo a jail term of three months.

Big relief for Anil Ambani, lenders agree not to sell pledged shares till September

Big relief for Anil Ambani, lenders agree not to sell pledged shares till September

Mon, Feb 18, 2019

This segment of Zee Business brings to you latest on Anil Ambani who has got big relief after a 'standstill agreement' with banks in which lenders agree not to sell pledged shares till September. Watch full video to know more.

Reliance Power asks Sebi to immediately ban Edelweiss from capital markets

Reliance Power asks Sebi to immediately ban Edelweiss from capital markets

Wed, Feb 13, 2019

Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging "illegal and market disruptive activities" to cause a steep plunge in the company's share price.

Anil Ambani-led Reliance General Insurance files for IPO with SEBI

Anil Ambani-led Reliance General Insurance files for IPO with SEBI

Tue, Feb 12, 2019

In a statement issued here, Reliance Capital said the initial public offering (IPO) by its wholly-owned subsidiary Reliance General comprises fresh equity issue aggregating up to Rs 200 crore.

Reliance Insurance files fresh IPO papers; removes Edelweiss as merchant banker

Reliance Insurance files fresh IPO papers; removes Edelweiss as merchant banker

Mon, Feb 11, 2019

Besides, the company has removed Edelweiss as one of the lead merchant bankers to manage its initial public offer (IPO), they added.

Market cap erosion: Boards of Reliance group firms recommend legal action

Market cap erosion: Boards of Reliance group firms recommend legal action

Sat, Feb 09, 2019

A day after accusing L&T and Edelweiss entities of causing huge market value erosion by "illegal and motivated" sale of their pledged shares, Anil Ambani-led Reliance Group Saturday said boards of its three listed firms have recommended "all appropriate legal steps" to protect shareholders' value.

Reliance Communications share price plunges 54%; 6 key things to know about Anil Ambani led telco

Reliance Communications share price plunges 54%; 6 key things to know about Anil Ambani led telco

Mon, Feb 04, 2019

Now, debt-laden Reliance Communications will be handled by NCLT professionals.

RCom plunges to record low after approaching bankruptcy court

RCom plunges to record low after approaching bankruptcy court

Mon, Feb 04, 2019

The stock plunged as much as 54.3 percent to 5.3 rupees apiece on Monday in Mumbai trading. It has shed 19.4 percent so far this year as of Friday`s close.

Anil Ambani led Reliance Communications stock drops by whopping 13%

Anil Ambani led Reliance Communications stock drops by whopping 13%

Wed, Dec 19, 2018

This Anil Ambani led company has tumbled by nearly 13% today - it even touched an intraday low of Rs 13.77 per piece. However, at around 11:12 hours, Reliance Communications was trading at Rs 14.59 per piece down by 7.54% on the index.

Anil Ambani’s Reliance Communication just gave you 15% gains; Know why

Anil Ambani’s Reliance Communication just gave you 15% gains; Know why

Fri, Nov 30, 2018

Such an outburst of love in Anil Ambani’s RCom was due to a good news given by Supreme Court, which meant that the deal with brother Mukesh Ambani’s Reliance Jio Infocomm is soon set to become a reality.

Anil Ambani led Reliance Communications clocks second-quarter profit surge due to one-time gain

Anil Ambani led Reliance Communications clocks second-quarter profit surge due to one-time gain

Sat, Nov 03, 2018

Anil Ambani led Reliance Communications Ltd posted a sharp rise in its quarterly profit on Saturday, as it recorded a one-time gain.

Anil Ambani led Reliance Communications given last opportunity by SC to pay Rs 550 cr; deadline Dec 15

Anil Ambani led Reliance Communications given last opportunity by SC to pay Rs 550 cr; deadline Dec 15

Tue, Oct 23, 2018

The Supreme Court Tuesday asked Reliance Communication Ltd to clear the dues of Rs 550 crore to telecom equipment maker Ericsson India by December 15, saying that delayed payment would attract an interest of 12 per cent per annum.

Rs 175 crore relief to Anil Ambani; details here

Rs 175 crore relief to Anil Ambani; details here

Sat, Oct 13, 2018

The Maharashtra government has ruled that merely changing trustees does not amount to the transition of property rights. The order by the state Revenue Minister Chandrakant Patil is all set to benefit the Kokilaben Ambani Hospital in Andheri, DNA reported today.

Reliance Health Insurance gets final nod from Irdai to start ops

Reliance Health Insurance gets final nod from Irdai to start ops

Fri, Oct 05, 2018

Anil Ambani-led Reliance Health Insurance, a wholly owned subsidiary of Reliance Capital, has received final approval from the insurance regulator to start operations.

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