The CBI in 2006 had registered a case against six top officials, including Manoj Modi, of the company, which has since then been transfered to Anil Ambani as part of family settlement to divide Reliance Empire.
Mansukh Hiren, who was in possession of the car that was found with explosives outside industrialist Mukesh Ambani's residence, in a letter to Maharashtra Chief Minister and Home Minister had alleged that he was being harassed by police and media. He had also claimed that in spite of being a victim, he was treated as an accused.
It's party night for Bollywood!
Reliance Infra has sent a letter to Reliance Industries on September 24 informing the of the shutdown of the 220MW power plant in Andhra Pradesh for maintenance to September 28 instead of a day earlier.
Anil Ambani Group firm RNRL on Tuesday welcomed the government's move to protect NTPC's interest on sourcing gas from Reliance Industries, saying effective legal steps will defeat the Mukesh Ambani firm's 'malafide attempts to dishonour' its commitment.
Also mandates pursuing other consolidation options.
Deshmukh denied the allegations raised against him by Singh during questioning and told the officers that they were an attempt to malign the image of the state government, sources said.
Reliance Power announced its IPO plans in Mumbai. It is likely to be listed in Feb and aims at raising close to USD three billion.
In a setback to Tata Power, the Supreme Court on Wednesday dismissed the company's challenge to the Maharashtra Electricity Regulatory Commission's (MERC's) decision to award a Rs 7,000-crore transmission project near Mumbai on a nomination basis to Adani Electricity. The court upheld the order by the Appellate Tribunal for Electricity (APTEL) in this case and directed all State Electricity Regulatory Commissions to frame guidelines on tariff determination in accordance with Section 61 of the Electricity Act and the national policy. The verdict has implications for the Mumbai power market, said Ashok Pendse, an energy expert based in the city.
Mukesh Ambani-led Reliance Industries on Friday said it may sell gas from its KG-D6 fields to RNRL at $4.20 per mmBtu if the government allocates fuel to the Anil Ambani Group firm.
RIL is grappling with other priorities -- sliding oil prices, shrinking refining margins and a battle with the Anil Ambani group over the supply of gas. The plan was to build an integrated pharma company in two to three years, on the lines of large domestic majors such as Ranbaxy's or Dr Reddy's Laboratories. Instead, the plan has been modified to being a start-up bulk drug manufacturing company that will launch six bulk drugs or active pharmaceutical ingredients by 2010.
As many as five women have made it to Forbes India magazine's list of the 100 richest Indians this year, including O P Jindal Group chairperson Savitri Jindal, who surpassed billionaire Anil Ambani to attain fifth position in the list.
While everyone from economists and management consulting firms use the promise of a "Young India" as a compelling argument to pit India against an "Ageing China", a study says marketers might be missing the big picture.
The apex court had sought the response after Anil Ambani-led RNRL had consented to government being made a party in the dispute. RNRL contended that it was entitled to receive the gas at $2.34 per unit from Mukesh Ambani group RIL which had entered into an arrangement for supplying gas to NTPC at that rate.
Sonam is expected to be out of hospital by the end of this week.
Move to skirt public offer for S African telco.
Maharashtra Chief Minister Uddhav Thackeray on Monday said the National Investigation Agency taking over the case of a vehicle laden with explosives being found near industrialist Mukesh Ambani's residence in Mumbai suggests something was 'fishy'.
An Anil Ambani group company has asked the oil ministry to stop Reliance Industries Ltd from charging marketing margin on gas, alleging that the Mukesh Ambani-led firm was not sharing the revenue and 'diverting' crores (billion) of rupees of the government's share.
In a sharp retort to a notice of gas supply suspension to one of its power plant, Anil Ambani group firm Reliance Infra on Wednesday questioned the legality of Mukesh Ambani-led RIL's warning for not paying an "illegal" marketing margin.
With this service, the journey on the 11.4 km Versova-Andheri-Ghatkopar stretch will reduce to 20 minutes
Reliance Group managing director Anil Ambani on Saturday exhorted the aspiring entrepreneurs to take inspiration from his late father Dhirubhai Ambani and pick up the challenge to "make the nation an economic superpower." \n\n
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
Ambani-owned Reliance Energy is likely to bid for potential gas bearing blocks on offer under NELP-VI
Within 24 hours of the brothers Ambani deciding on a ceasefire, the stock market and Reliance pundits are out with their calculators to figure out the financial implication of ending the non-compete terms five years in advance and the loss that Anil Ambani's Reliance Natural Resources Limited would incur post the Supreme Court verdict.
Now that the Bombay High Court has rejected the Ministry of Petroleum and Natural Gas' (MoPNG) attempts to help Mukesh Ambani's Reliance Industries Limited (RIL) wriggle out of its 2005 contract to supply 28 million metric standard cubic metres per day (mmscmd) of gas to Anil Ambani's Reliance Natural Resources Limited (RNRL), the pressure on it has increased several times over.
The Jio-Bharti battle will not just be limited to mobile telephony but will extend to the fibre to home space too.
Leading industrialist and Rajya Sabha member, Anil Ambani, has disclosed his assets and investments in various companies in a letter to Rajya Sabha Chairman Bhairon Singh Shekhawat.
The Ambani brothers -- Mukesh and Anil -- came together for the inauguration of a memorial for the legendary industrialist and founder of Reliance Group Dhirubhai Ambani in Chorwad town in Junagarh district on Wednesday, in the presence of the entire family.
Prime Minister Manmohan Singh is likely to discuss the impact of global demand contraction on Indian economy with industry leaders in New Delhi on Saturday, ahead of the G-20 summit in London next week.
Ang Lee's Life of Pi and Steven Spileberg's Lincoln, produced by Anil Ambani's Reliance-Dreamworks emerge as frontrunners in Oscar 2013 race.
RIL board, headed by Mukesh Ambani, on Saturday approved a demerger plan as part of separation of group companies Reliance Energy and Reliance Capital to create a separate entity for younger sibling Anil Ambani.
To launch in BIG Cinemas in India, abroad. Brother Mukesh Ambani might be the king of retail, but Anil Ambani's ADAG is getting ready to make its presence felt in branded food products
The country's most valued firm RIL's bid to acquire a majority stake in bankrupt petrochemical group was called off by LyondellBasell after the latter found the price offer was undervaluing the company.
The government told the Bombay high court on Friday that the empowered group of ministers decided that Mukesh Ambani-led RIL will start supplying gas from the KG basin to Anil Ambani's Dadri power project and other upcoming power plants once it is ready to begin operations.
The high court is hearing a dispute between Mukesh Ambani-led Reliance Industries and Anil Ambani's Reliance Natural Resources over a gas sale agreement, in which the government has intervened. NTPC has filed a separate suit against RIL, seeking that RIL execute the contract of gas supply.
Counsels for AgustaWestland VVIP chopper scam accused Christian Michel and fugitive diamantaire Nirav Modi were also the potential targets of Israeli spyware Pegasus.
An RIL spokesperson said that the company has filed its reply to the government's petition on the gas dispute.
In a mega Rs 50,000-crore deal, the Anil Ambani group on Sunday announced merger of RNRL with another group firm Reliance Power, which would now become a direct beneficiary of the gas deal signed with Mukesh Ambani-led Reliance Industries.
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