Challenging Time For Ambanis, An Indian Billionaire Group Set To Buy Reliance Capital, Once Valued At Rs 93,851 Crore
Reliance Industries: Anil Ambani's company, Reliance Capital, was reportedly sold recently, according to online news reports. A media story claims that Anil Ambani has incurred significant losses recently, which is why lenders have lost faith in Reliance Capital.
Jul 12, 2023, 18:16 PM IST
'Ek Tha Billionaire': A Close Friend Of Amitabh Bachchan Was Richer Than Mukesh Ambani, But Ended Up Being Bankrupt
Riches to Rags: Anil Ambani seemed to have experienced everything, from his journey from riches to rags to dealing with court summonses and attempting to pay off his obligations. His wealth has fallen from Rs 4 lakh crore during the financial crisis of 2008 to Rs 250 crore as of 2023.
Jun 20, 2023, 18:45 PM IST
2G case: STPL was front company of Reliance ADAG, says CBI
CBI Friday claimed in a special 2G court that Swan Telecom Pvt Ltd (STPL) was a "front company" of Reliance Anil Dhirubhai Ambani Group (ADAG) which infused Rs 28.29 crore to increase its net worth for bagging radio waves for Jammu and Kashmir telecom circle in 2007.
Sep 11, 2015, 18:55 PM IST
Reliance ADAG infused crores in Swan Telecom, claims CBI
Presenting the final arguments for CBI, special public prosecutor Anand Grover said huge amount of money was transferred from Reliance ADAG to STPL through a "circuitous route" to conceal its "true ownership" and it was done to fulfil the net worth criteria of the applicant firm to bag the 2G licences.
Jul 14, 2015, 19:53 PM IST
SC reserves verdict on licence extension plea of Reliance Telecom
The Supreme Court Monday reserved its verdict on a plea of Reliance Telecom, a subsidiary of Anil Dhirubhai Ambani group, seeking extension of its licences in seven circles by 10 years.
Apr 20, 2015, 18:59 PM IST
Reliance Infra reports marginal rise in net profit
Reliance Infrastructure, a part of the Anil Dhirubhai Ambani Group, has reported a marginal increase in net profit for the second quarter of this fiscal, but indicated this could have been higher but for the loss on account of the Metro rail project here.
Nov 12, 2014, 18:33 PM IST
