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MUMBAI: India's top financial crimes agency has seized properties worth over $846 million from companies linked to tycoon Anil Ambani as part of a bank fraud investigation. The Enforcement Directorate announced it had frozen assets worth more than 75 billion rupees, including office premises, residential units and over 132 acres of land. The agency said it had "detected fraudulent diversion of public money by various Reliance Anil Ambani group companies" and was "committed to restituting" the ...Read More >
Anil Ambani Reliance Goup: The Enforcement Directorate has frozen over 40 properties valued at more than ₹3,000 crore connected to Anil Ambani's Reliance Group. These attached assets include Anil Ambani's Pali Hill residence and various properties across major Indian cities. The ED's action targets entities within the group, with attachments made in Delhi, Mumbai, and other key locations. Reliance ED Probe: Trouble seems to be closing in on Anil Ambani's business group. The Enforcement Directo ...Read More >
Mumbai (Maharashtra) [India], October 27 (ANI): Advocate HP Ranina has dismissed a recent report by The Washington Post questioning the investment practices of the Life Insurance Corporation (LIC) of India, calling it baseless and misleading. Speaking to ANI, Ranina said there was "no substance in this report" and emphasised that LIC is a professional and publicly owned institution that operates strictly within its own investment guidelines. Also Read | 'Kaun Banega Crorepati 17': Station Mast ...Read More >
New Delhi, Oct 26 (PTI) Billionaire Mukesh Ambani's Reliance Industries Ltd may spend about USD 12-15 billion over the next few years on AI infrastructure that could include a giant 1GW data centre, Morgan Stanley said in a report. Ambani had at the company's annual shareholder meeting in August announced a major push into AI through a new subsidiary and strategic partnerships. A new wholly-owned subsidiary, Reliance Intelligence will spearhead the conglomerate's AI initiatives that will be ce ...Read More >
Bollywood stars Janhvi Kapoor and Aryan Khan arrived in Jamnagar for Isha and Akash Ambani's grand birthday bash, joining celebs like Arjun Kapoor and Disha Patani. Bollywood stars are reaching Jamnagar, Gujarat to attend Isha Ambani and Akash Ambani's grand birthday celebration. While yesterday afternoon, videos of Disha Patani and Arjun Kapoor exiting the airport came out, several other stars have also landed in the city. Last night, Janhvi Kapoor was clicked leaving from Jamnagar airport alo ...Read More >
Jamnagar (Gujarat) [India], October 25 (ANI): The city of Jamnagar is abuzz with the arrival of Bollywood stars as the Ambani family hosts the grand birthday celebrations of Isha Ambani and Akash Ambani. The Ambani siblings, Isha and Akash, are celebrating their birthdays with a lavish party that is filled with glamour and excitement. Among the big names spotted at the Jamnagar Airport were Ananya Panday, Disha Patani, Arjun Kapoor, and filmmaker Karan Johar, among others, turning the city int ...Read More >
Coca-Cola is reportedly exploring a potential $1 billion initial public offering for its Indian bottling unit, Hindustan Coca-Cola Beverages. The company has engaged with bankers to discuss the listing, which could value the subsidiary at $10 billion. These discussions are in early stages, with a potential deal eyed for next year. - Coca-Cola is considering taking its Indian bottling unit public in a deal that may fetch $1 billion, Bloomberg News reported on Friday, citing people familiar with ...Read More >
According to company executives, significant progress has also been made on Reliance's 40 GWh battery-storage project, with the first facility expected to become operational next year. Reliance Industries Ltd. (RIL) will commission its solar cell manufacturing unit next month, marking a key milestone in the conglomerate's plan to build India's first fully integrated solar manufacturing value chain. The group is creating a new-energy ecosystem that spans the entire chain -- from solar modules a ...Read More >
MUMBAI: MNS chief Raj Thackeray on Sunday dared the State Election Commission (SEC) to hold local self-government elections before sorting out the mess in the electoral rolls. He claimed there were 9.6 million bogus voters on the rolls, and emphasised that the EC had to first set the rolls right even if it took a year. Thackeray was speaking to booth-level agents and office-bearers of his party at NESCO Ground, Goregaon, where he held a meeting on Sunday afternoon as part of the pre-election pr ...Read More >
Mumbai, Oct 17 (PTI) Reliance Industries Ltd (RIL) on Friday reported a 9.6 per cent year-on-year rise in net profit for the September quarter, driven by strong performance in its consumer-facing retail and telecom businesses and a recovery in its core oil-to-chemicals segment. However, higher inventory losses weighed on overall earnings, leading to a sequential decline compared to the previous quarter. The oil-to-retail conglomerate posted a consolidated net profit of Rs 18,165 crore in July- ...Read More >
The Bombay High Court dismissed Anil Ambani's writ petition challenging the State Bank of India's decision to classify Reliance Communications' loan account as 'fraud'. The court found the plea lacked merit, upholding SBI's action taken on June 13, 2025, in accordance with RBI guidelines. Ambani's counsel had argued against an incomplete report and selective show-cause notices. The Bombay High Court on Friday dismissed a writ petition filed by Anil Ambani against the State Bank of India (SBI), ...Read More >
Mumbai: In a major setback to industrialist Anil Ambani, the Bombay High Court on Friday dismissed his plea challenging the State Bank of India's (SBI) decision to classify his loan account as "fraudulent." The account pertained to his firm, Reliance Communications (RCom), which is already under insolvency proceedings. Bench Statement A bench of Justices Revati Mohite Dere and Neela K Gokhale rejected Ambani's petition, stating: "There is no merit in the petition. Petition is dismissed." SBI ...Read More >
Shah Rukh Khan and his family top the M3M Hurun India Rich List 2025 with Rs 12,490 crore, driven by Red Chillies Entertainment. Juhi Chawla & family secure the second spot, followed by Hrithik Roshan, Karan Yash Johar, and Amitabh Bachchan & family, highlighting Bollywood's wealthiest through diverse ventures and brand influence. Bollywood's Badshah Shah Rukh Khan and his family have topped the M3M Hurun India Rich List 2025, leading the pack with a wealth of Rs 12,490 crore, driven by the div ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Mal ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Mal ...Read More >
New Delhi [India], October 1 (ANI): Mukesh Ambani has reclaimed his position as the richest Indian, overtaking Gautam Adani, according to the M3M Hurun India Rich List 2025 released on Wednesday. With a wealth of Rs. 9.55 lakh crore (USD 105 billion), the 68-year-old Reliance Industries Chairman returned to the top spot, while Adani, 63, and his family followed closely with Rs. 8.15 lakh crore. For the first time in the history of the list, a woman has made it to the top three. Roshni Nadar Mal ...Read More >
Mumbai: India has set a new record with 358 billionaires, up by 24 from last year, according to the M3M Hurun India Rich List 2025. This list tracks the wealth of India's richest people and shows the country's rapid wealth creation. Alongside billionaires, there are 1,687 people worth more than Rs 1,000 crore, indicating that India's rich are growing both in number and strength. Together, these wealthy individuals hold assets worth Rs 167 lakh crore -- almost half of India's GDP. Ambani Leads a ...Read More >
Hurun India Rich List 2025: Ambani, Adani, Roshni Nadar Lead Nation's Wealth Surge India's wealth creation engine continues to accelerate, with a record 358 dollar-billionaires and 1,687 individuals worth over ₹1,000 crore, according to the newly released M3M Hurun India Rich List 2025. The 14th edition of the list, compiled by Hurun India in partnership with M3M India, highlights that Mukesh Ambani, 68, chairman of Reliance Industries, has reclaimed his position as India's richest man, with fa ...Read More >
NEW DELHI: Enforcement Directorate on Tuesday searched six premises in connection with a case of money laundering against Anil Ambani and R-ADAG entities.Sources said the searches were a part of the investigation into overseas remittances by Reliance Infrastructure, allegedly in violation of certain regulations of Foreign Exchange Management Act (Fema).In a statement, Reliance Infrastructure said Tuesday's searches were related to matters dating back to 2010, when the company had awarded an EPC ...Read More >
NEW DELHI: Enforcement Directorate on Tuesday searched six premises in connection with a case of money laundering against Anil Ambani and R-ADAG entities.Sources said the searches were a part of the investigation into overseas remittances by Reliance Infrastructure, allegedly in violation of certain regulations of Foreign Exchange Management Act (Fema).In a statement, Reliance Infrastructure said Tuesday's searches were related to matters dating back to 2010, when the company had awarded an EPC ...Read More >
Mumbai, September 30, 2025 - Anil Ambani-led Reliance Infrastructure Limited issued a statement on Tuesday addressing media reports about a survey conducted by the Enforcement Directorate (ED) under the Foreign Exchange Management Act (FEMA) at its premises. The company clarified that the survey pertains to a 15-year-old matter involving the JR Toll Road (Jaipur-Ringus Highway) project. In a filing with the Bombay Stock Exchange, under Regulation 30 of the Securities and Exchange Board of Indi ...Read More >
Mumbai, Sep 30: The Enforcement Directorate (ED) on Tuesday carried out searches at six premises in Indore and Mumbai in connection with a probe into alleged illegal remittances abroad by Reliance Infrastructure under the Foreign Exchange Management Act (FEMA). Path India Group under scanner According to reports, ED teams also raided the offices and homes of Indore-based Path India Group, a company under scrutiny for irregularities in toll road projects and other ventures. A team of officials ...Read More >
Mumbai, Sep 30 (SocialNews.XYZ) The Enforcement Directorate (ED) on Tuesday carried out searches at six premises in Indore and Mumbai in connection with a probe into alleged illegal remittances abroad by Reliance Infrastructure under the Foreign Exchange Management Act (FEMA). According to reports, ED teams also raided the offices and homes of Indore-based Path India Group, a company under scrutiny for irregularities in toll road projects and other ventures. A team of officials in multiple veh ...Read More >
New Delhi, Sep 30 (PTI) The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Madhya Pradesh as part of a FEMA investigation being conducted against Anil Ambani Group company Reliance Infrastructure, official sources said. At least six premises in Mumbai and Mhow in Indore were raided, they said. The searches are part of a Foreign Exchange Management Act (FEMA) investigation being conducted against Reliance Infrastructure on charges of making some illegal remittances abr ...Read More >
Reliance Consumer Products Limited has signed a significant agreement. The agreement is worth Rs 40,000 crore with the Food Processing Industries Ministry. The aim is to establish integrated food manufacturing facilities across India. RCPL will invest over Rs 1,500 crore in Maharashtra and Andhra Pradesh. The company aims to become India's largest FMCG company. Reliance Consumer Products Ltd (RCPL) on Thursday signed a Rs 40,000-crore agreement with the Food Processing Industries Ministry to es ...Read More >
New Delhi: In the Vantara Wildlife Centre case of Jamnagar, Gujarat, the Supreme Court has asked if someone wants to keep an elephant and does so by following all the rules, then what is wrong with it? The court said this while completing the hearing of the case on Monday, September 15, 2025. However, the court has not passed any order yet. The report of the Special Investigation Team was also presented in today's hearing. A PIL was filed in the Supreme Court demanding a thorough investigation ...Read More >
NEW DELHI: The Supreme Court-appointed SIT probing the affairs of Vantara has given a clean chit to the zoological rescue and rehabilitation centre run by the Reliance Foundation at Jamnagar, Gujarat. The report was submitted on Friday by the Special Investigation Team (SIT), headed by the former Supreme Court judge Justice Jasti Chelameswar, to the SC, which perused the submissions on Monday. The SIT, in its report, said that the acquisitions were in accordance with regulatory laws and record ...Read More >
(Reuters) -A wildlife rescue centre run by the philanthropic arm of billionaire Mukesh Ambani's group has been cleared of allegations of illegal animal acquisition and mistreatment, India's Supreme Court said on Monday, citing findings from a court-appointed committee. In August, India's top court appointed a special investigation team (SIT) to investigate complaints from non-profit and wildlife groups alleging animal mistreatment at Vantara and raising questions over how the animals were broug ...Read More >
New Delhi: The Supreme Court-appointed Special Investigation Team (SIT) has given a clean chit to Anant Ambani's Vantara project under the Reliance Foundation, stating that no irregularities were found at the wildlife facility in Jamnagar, Gujarat. The probe was ordered after concerns were raised about the keeping of wild animals at the sanctuary. Court Observes Compliance With Rules A bench of Justices Pankaj Mithal and P.B. Varale said on Monday that the SIT's findings showed no violations i ...Read More >
New Delhi: India wicketkeeper-batter Rishabh Pant is likely to check into the BCCI Centre of Excellence (CoE) in Bengaluru Monday to begin rehabilitation for recovering from a fractured right foot sustained in the fourth Test against England in Manchester in July. IANS understands that Pant, travelling to Bengaluru and checking into the CoE later Monday, was decided at the very last moment. This agency has also reliably learnt that the cast on Pant's right foot has now been removed, with the wi ...Read More >
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