The Department for Promotion of Industry and Internal Trade (DPIIT) has approved Hinduja Group company IIHL for the acquisition of debt-ridden Reliance Capital Limited. Sources have given this information. DPIIT’s approval was necessary because some shareholders of IndusInd International Holdings Limited (IIHL) are residents of Hong Kong, a special administrative …
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State-run renewable energy agency SECI has issued a show cause notice to Reliance Power. The notice asks why criminal action should not be taken against the company and its unit for submitting fake bank guarantees. Solar Energy Corporation of India (SECI) last week barred Reliance Power and its unit Reliance …
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Share market regulator SEBI on Wednesday issued notices to 6 companies including the promoter unit of Reliance Home Finance and asked them to pay Rs 154.50 crore. This notice has been given to the company regarding the misappropriation of funds. SEBI has asked these units to make the payment within …
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Another good news has come for Reliance Infrastructure. The Calcutta High Court has upheld the decision in favor of Reliance Infrastructure Limited in an arbitration dispute of Rs 780 crore with West Bengal-based Damodar Valley Corporation (DVC). Anil Ambani’s group company gave this information to the stock market. More than …
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Reliance Power‘s subsidiary company Rosa Power has paid a debt of Rs 850 crore to Singapore lender Varde Partners. The special thing is that Rosa Power has paid the debt to Varde Partners before time. Let us tell you that Reliance Power, a company led by Anil Ambani, the younger …
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The Board of Directors of Reliance Power Limited on Monday approved a proposal to raise Rs 1,525 crore through a preferential issue. Under this, the promoters of Reliance Power will invest Rs 600 crore in it to further the business of the company. This proposal comes a few days after Reliance …
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Anil Ambani, the chairman of Reliance Group, faced a significant legal setback as the Supreme Court overturned a three-year-old judgment on Wednesday. This article delves into the details of the case and the recent ruling by the apex court. Background of the Case The dispute between Anil Ambani’s company and …
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Suspense Crime Sach Ka Dam