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New Delhi: A look out circular (LOC) has been issued against Reliance Group chairman and managing director Anil Ambani, close on the heels of the Enforcement Directorate (ED) summoning the businessman for questioning on August 5 in connection with an alleged Rs 17,000 crore loan fraud case. The ED sent a request to the authority concerned to issue an LOC against Ambani, soon after summoning him at its headquarters in the capital, said people familiar with the matter. "The request for opening an ...Read More >
The money laundering case is against a Bhubaneswar located company named Biswal Tradelink and its directors. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from a November, 2024 FIR of the Delhi Police Economic Offences Wing (EOW). The ED, the sources said, conducted searches at three premises of the company on Friday at Bhubaneswar and one "associate" entity in Kolkata. Agency sources alleged that the company was engaged in the activity of issuance of "fake" ba ...Read More >
New Delhi: Enforcement Directorate on Friday put travel curbs on Reliance ADAG chief Anil Ambani by issuing a lookout circular after summoning him for questioning at the agency HQ here on Aug 5 in connection with an alleged money laundering racket involving group entities. The summons were based on findings of probes being conducted by multiple agencies.On Friday, ED searched three premises in Bhubaneswar and one in Kolkata after finding alleged evidence of Rs 68-crore fake bank guarantee provid ...Read More >
New Delhi: The Enforcement Directorate (ED) issued a lookout circular against Anil Ambani on Friday, August 1, to prevent him from leaving India. The update came hours after it summoned the Reliance Group Chairman for questioning on August 5 in connection with an alleged Rs. 17,000 crore bank loan fraud case. Shares of Anil Ambani's companies, Reliance Power and Reliance Infrastructure, dropped by up to 5 per cent in early trading on Friday, soon after news reports said that the Enforcement Dir ...Read More >
Gross Goods and Services Tax (GST) collections rose 7.5 per cent year-on-year to Rs 1.96 lakh crore in July (for sales in June), data released by the government on Friday showed. Even though the pace of growth in gross GST collections picked up to 7.5 per cent in July from 6.2 per cent, this is the second consecutive month wherein the growth rate has been in single digits and much lower after posting double-digit growth in the first two months of the ongoing financial year. ARTICLE CONTINUES BE ...Read More >
Patna, Aug 1 (PTI) Healthcare services were affected at AIIMS-Patna on Friday as resident doctors went on an "indefinite strike" in protest against the alleged high-handedness of Sheohar MLA Chetan Anand. According to a press statement issued by the Resident Doctors' Association (RDA), AIIMS-Patna, on Friday, "The RDA expresses deep disappointment and anguish over the lack of action by the administration following the violent and traumatic incident that occurred on Wednesday, when MLA Chetan An ...Read More >
New Delhi, Aug 1: The Enforcement Directorate has summoned Reliance Group Chairman Anil Ambani for questioning on August 5 in a money laundering case linked to an alleged bank loan fraud worth crores of rupees against his group companies, official sources said on Friday. The federal probe agency has also notified a Look Out Circular (LOC) against the 66-year-old businessman to stop him from travelling abroad, the sources said. He has been asked to depose at the ED headquarters in Delhi on Augu ...Read More >
Chennai, August 1: Actor, music director and producer G V Prakash Kumar, who has won the National Award for Best Music Direction (Songs) for the Tamil, Telugu bilingual film Vaathi, has called the honour "a blessing for the second time". Taking to his X timeline soon after the 71st National Awards were announced, G V Prakash expressed his gratitude to the jury and the selection committee of the National Awards and the entire team of Vaathi. G V Prakash wrote, "A blessing for the second time. I' ...Read More >
New Delhi, August 1: A Look Out Circular (LOC) was issued on Friday against Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani, on the request of the Enforcement Directorate (ED), in connection with an alleged Rs 17,000-crore loan fraud case. Anil Ambani has been asked to appear at the ED headquarters in the national capital on August 5, according to people familiar with the matter. Last week, the agency carried out searches across 35 locations in Mumbai linked to Anil Ambani's Reliance Gr ...Read More >
Mumbai: The Enforcement Directorate (ED) has issued a Look Out Circular (LoC) against Anil Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG), in connection with its ongoing probe into an alleged Rs 17,000-crore bank loan fraud case. The LoC was issued on Friday at the request of the federal financial probe agency to prevent Ambani from leaving the country without prior clearance, senior officials confirmed. Ambani Summoned in ₹17,000 Crore Bank Fraud Investigation The ED has summoned ...Read More >
Lucknow, Jul 19 (PTI) The Uttar Pradesh Police on Saturday said they have busted a large-scale illegal religious conversion racket and arrested 10 people from six states. The probe began in Agra in March after two sisters -- aged 33 and 18 -- were reported missing. Investigations revealed that they were allegedly coerced into religious conversion and were undergoing radicalization, the police said. One of the sisters had also put a picture of a girl holding an AK 47 rifle as her profile pictur ...Read More >
New Delhi, Jul 19 (PTI) Reliance Power on Saturday reported a consolidated net profit of Rs 44.68 crore for the quarter ended June 2025-26, as the company trimmed its expenses. It had posted a loss of Rs 97.85 crore in the first quarter of the preceding 2024-25 fiscal, the company said in an exchange filing. The company's total income was Rs 2,025.31 crore against Rs 2,069.18 crore in the year-ago quarter. Reliance Power managed to reduce its expenses to Rs 1,953.01 crore from Rs 2,142.51 cro ...Read More >
New Delhi [India], July 13 (ANI): Madhya Pradesh Chief Minister Mohan Yadav said on Sunday that he would pitch his state to foreign investors during his visits to Dubai and Spain. The chief minister is set to leave for Dubai this afternoon. We are all working equally hard in every sector for the betterment of our state... Across the country, we have been conducting a grand endeavour to attract investors, and we are receiving tremendous support for it, Yadav told reporters. This year, for the f ...Read More >
New Delhi [India], July 13 (ANI): Madhya Pradesh Chief Minister Mohan Yadav said on Sunday that he would pitch his state to foreign investors during his visits to Dubai and Spain. The chief minister is set to leave for Dubai this afternoon. "We are all working equally hard in every sector for the betterment of our state... Across the country, we have been conducting a grand endeavour to attract investors, and we are receiving tremendous support for it," Yadav told reporters. Also Read | Sonia ...Read More >
Bhopal (Madhya Pradesh) [India], July 13 (ANI): Madhya Pradesh Chief Minister Mohan Yadav is scheduled to go on an official visit to Dubai in the UAE and Spain from July 13 to July 19. The aim of his visit is to bring global investment to Madhya Pradesh, encourage technology sharing, and create new job opportunities. As per the release, Yadav will leave for Dubai on Sunday afternoon. Soon after reaching, he will meet several well-known people to tell them about the strengths of Madhya Pradesh. ...Read More >
Bhopal (Madhya Pradesh) [India], July 13 (ANI): Madhya Pradesh Chief Minister Mohan Yadav is scheduled to go on an official visit to Dubai in the UAE and Spain from July 13 to July 19. The aim of his visit is to bring global investment to Madhya Pradesh, encourage technology sharing, and create new job opportunities. As per the release, Yadav will leave for Dubai on Sunday afternoon. Soon after reaching, he will meet several well-known people to tell them about the strengths of Madhya Pradesh. ...Read More >
New Delhi: Delhi govt has announced a city-wide rollout of underground electric wiring as part of a Rs 100-crore initiative. The move aims to ensure a safer, cleaner and uninterrupted power supply for residents across the capital, chief minister Rekha Gupta said on Saturday while launching the city's first pilot project of underground wiring in Shalimar Bagh.Gupta said the work at her constituency Shalimar Bagh would be completed in approximately three months. At least 5,500 families residing in ...Read More >
Mumbai: Business tycoon Gautam Adani, who recently secured the second position in Forbes' top 10 Indian billionaires list, revealed his future plans in the Artificial Intelligence industry. The Adani Group is mulling to build an AI-first multidisciplinary healthcare ecosystem in India. This system aims to be affordable, scalable, and incorporate international standards of care. While addressing a gathering at the 5th Annual Conference of the Society for Minimally Invasive Spine Surgery - Asia P ...Read More >
Mumbai: Reliance Group Chairman and Managing Director Anil Ambani has secured a legal victory against one of India's biggest public sector banks. Canara Bank, the lead lender in the Reliance Communications (RCOM) case, has backed off after branding Ambani a "fraud". And it did not even wait for a full trial. It simply folded. On July 10, the bank informed the Bombay High Court that it would unconditionally withdraw its "fraud classification" against Ambani in the high-profile RCOM matter. No st ...Read More >
Hyderabad: The legacy of Sardar Hari Singh Nalwa, who once stopped the Afghan forces at the Khyber Pass, is not merely history but a living inheritance, said Dr A. Tajinder Pal Singh Nalwa, his descendant. "If we could protect India from invasions then, we must now protect our children's minds from disintegration." Dr Nalwa was speaking to Sikh educators, community members, students, and lawyers at a seminar hosted by the Sikh Education Society at Guru Nanak High School Lecture Hall. Presided ...Read More >
Nagpur: Adani Power has finally taken over Anil Ambani-led Reliance Group's power plant at Butibori for Rs4,000 crore. The acquisition was formally completed on Tuesday. Originally built for captive supply of cheap power to industries in Butibori and nearby areas, the power plant ended up catering to Mumbai before it ran into trouble.Reliance company, Vidarbha Industries Power Limited (VIPL), had set up a 600MW (2 units of 300 MW) capacity generation plant at Butibori over a decade ago. The plan ...Read More >
New Delhi, July 2 (SocialNews.XYZ) The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as "fraud" in a case that dates back to August 2016. Reliance Communications said in an exchange filing that this disclosure is being made pursuant to the rules of the Securities and Exchange Board of India (SEBI). "This is to inform you that Company has received letter dated June 23, 2025 (received on June 30, 2025) from SBI (marked to he Company and its erstwhile ...Read More >
Mumbai (Maharashtra) [India], June 30 (ANI): Reliance Infrastructure-promoted Reliance Defence on Monday announced a strategic agreement with Coastal Mechanics, a leading US Department of Defence-authorised contractor, to jointly address India's Rs 20,000 crore defence maintenance, repair, overhaul (MRO) and upgrade market opportunity. According to a statement from Reliance Infrastructure, Reliance Defence and Coastal Mechanics will focus on providing end-to-end Maintenance, Repair, Overhaul (M ...Read More >
Anant Ambani, the youngest son of billionaire Mukesh Ambani and the first among three siblings to be appointed Executive Director on flagship Reliance Industries, will be paid ₹10-20 crore salary annually plus a host of perks including a commission on company profits, according to a shareholder notice. While the richest Asian's all three children - twins Akash and Isha, and Anant - were inducted on board of the oil-to-telecom-and-retail conglomerate in 2023 as non-executive directors, the youn ...Read More >
MUMBAI (Reuters) -Billionaire Mukesh Ambani-led Reliance Group and U.S.-based BlackRock have received approval from India's markets regulator to start operations for their mutual fund business, the Indian company said on Tuesday. Jio Financial Services, a part of the Reliance Group, had in July 2023 announced the formation of a 50:50 joint venture with the world's largest asset manager to launch asset management services in India. The JV, Jio BlackRock Asset Management, plans to launch a range ...Read More >
Mumbai, January 21: The Telecom Regulatory Authority of India (TRAI) has introduced new rules aimed at extending the duration of recharges and helping mobile users reduce expenses with frequent recharge cycles. India's telecom authority's new rules for SIM cards will help users who forgot to recharge their secondary SIM card and let them keep it active for more days. TRAI rules will be applied to the SIM cards offered by Reliance Jio, Bharti Airtel, BSNL, and Vodafone Idea. Mobile users can avo ...Read More >
Tripura Chief Minister Manik Saha announced on Monday that Reliance Industries will dispatch a team to evaluate investment opportunities in the northeastern state. Speaking at a party program in Khumulwng, Sepahijala district, the CM shared that he recently met Reliance Industries Chairman Mukesh Ambani in Mumbai to discuss potential areas for investment in Tripura. "I invited him to join the state's journey for development. In Tripura, there is a possibility of tourism. Besides, the northeast ...Read More >
With these strategic moves, Reliance Group aims to position itself for long-term growth and maintain its competitive edge across multiple sectors. In a week shortened by the holiday on November 20 for the Maharashtra assembly elections, Foreign Institutional Investors (FII) trading activity and global economic trends will play a critical role in driving the direction of India's equity markets, according to analysts. With Maharashtra assembly elections taking place on November 20 and results se ...Read More >
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