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Reliance, Inc. (EXCHANGE:RS) Executive Vice President and Chief Operating Officer Stephen Paul Koch, sold 3,066 shares of common stock on December 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed in three separate transactions at a weighted average price ranging from $283.26 to $285.32, resulting in a total value of $869388. Following the transactions, Koch directly owns 14,021 shares of Reliance, Inc. common stock. He also indirectly ow ...Read More >
New Delhi, Dec 5 (SocialNews.XYZ) The Enforcement Directorate (ED) on Friday said it has provisionally attached properties and assets belonging to Anil Ambani-led Reliance Group entities worth Rs 10,117 crore to date. In the latest action, the financial regulator attached over 18 properties, fixed deposits, bank balance and shareholding in unquoted investments of Reliance Anil Ambani Group "worth Rs 1,120 crore in Reliance Home Finance Limited/Reliance Commercial Finance Limited/Yes Bank Fraud ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday said it has provisionally attached properties and assets belonging to Anil Ambani-led Reliance Group entities worth Rs 10,117 crore to date. In the latest action, the financial regulator attached over 18 properties, fixed deposits, bank balance and shareholding in unquoted investments of Reliance Anil Ambani Group "worth Rs 1,120 crore in Reliance Home Finance Limited/Reliance Commercial Finance Limited/Yes Bank Fraud Case". Also Read: PM M ...Read More >
Reliance Group chairman Anil Ambani will appear virtually before the Enforcement Directorate. He received a summons under FEMA related to a 2010 highway project. The ED is investigating alleged hawala transactions of Rs 100 crore. Ambani's spokesperson stated he will fully cooperate. The matter concerns a road contractor and a domestic contract. The highway project is now with the NHAI. Reliance Group chairman Anil Ambani has offered to appear before the Enforcement Directorate through "virtual ...Read More >
Mumbai: In a significant statement from the corporate world, Anil Ambani's led Reliance Group on Wednesday hit out at what it described as a "deliberate and sustained campaign of calumny, disinformation, and character assassination" allegedly orchestrated by certain corporate rivals. The strong statement from the Anil Ambani led group came after receiving media queries regarding a proposed press conference by the now-defunct online platform Cobrapost. Reliance Group has said in its response tha ...Read More >
New Delhi [India], October 18 (ANI): The Patiala house court on Saturday rejected the plea of Ashok Kumar Pal, CFO of Reliance Power, challenging his arrest in the money laundering case. The Enforcement Directorate has apprehended him in connection with this case. He is being held in judicial custody after undergoing ED interrogation. Special judge Kiran Gupta rejected the plea moved by Ashok Kumar Pal. Also Read | Diwali 2025 Bank Holidays: Banks To Remain Closed on These Dates in Fourth Week ...Read More >
A local Delhi court on Thursday sent former Reliance Power Chief Financial Officer (CFO) Ashok Pal to judicial custody, days after his arrest in connection with an ongoing investigation. Pal had resigned from his position at the Anil Ambani-led company shortly after being taken into custody. The Enforcement Directorate arrested Pal, a close aide of industrialist Anil Ambani, last week. Post his arrest, Pal's ED custody had been extended till October 16 after the central probe agency sought thr ...Read More >
New Delhi [India], October 16 (ANI): Delhi Patiala House Court on Thursday remanded Ashok Kumar Pal, Chief Financial Officer (CFO) and Executive Director of Reliance Power Limited (RPL), to judicial custody in connection with the alleged fake bank guarantee and money laundering case being probed by the Enforcement Directorate (ED). Pal was produced before Special Judge Kiran Gupta after the conclusion of his three-day ED custody. The court remanded him to judicial custody till October 29. His a ...Read More >
New Delhi: Anil Ambani's company, Reliance Power, announced a major deal on Monday, 29 September 2025, selling its 100% stake in five Indonesian coal companies for $12 million (approximately Rs 100 crore). In a regulatory filing, the company stated that two of its subsidiaries, Reliance Power Netherlands BV and Reliance Natural Resources (Singapore) Private Limited, have entered into a share purchase agreement with Biotrustor (Singapore) Private Limited for this transaction. Anil Ambani's compa ...Read More >
New Delhi, Aug 29 (PTI) Jio Platforms, the entity that houses Reliance Industries' telecom and digital businesses, is gearing up for an initial public offering (IPO) and stock market listing in the first half of 2026, RIL Chairman Mukesh Ambani said Friday, sparking wide expectations that the share-sale could be the biggest in the country's history. Jio is currently a unit of Reliance Industries, India's most valuable company, and while the Reliance Industries Chairman did not disclose the quan ...Read More >
Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged '17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of '10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party. The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group, for questioning ...Read More >
Bhubaneswar: Enforcement Directorate (ED) on Sunday arrested Partha Sarathi Biswal, managing director of a Bhubaneswar-based private company, in connection with an alleged fake bank guarantee case.The ED probe stemmed from a case registered by the economic offences wing of Delhi Police against the company and its directors for allegedly providing a fake bank guarantee submitted to a central PSU."The company fraudulently arranged and submitted fake bank guarantees of Rs 68.2 crore along with forg ...Read More >
New Delhi: The CBI has arrested a customs superintendent posted at Sahar airport in Mumbai, for allegedly taking a Rs 10.20 lakh bribe from an agent, an official said Sunday. The central probe agency booked Krishan Kumar for allegedly demanding a bribe at the rate of Rs 10 per kg for facilitating clearance of imported consignments from a customs house agent, a CBI spokesperson said. It was also alleged that Kumar threatened the agent when he refused to pay the bribe, and deliberately withheld ...Read More >
Bhubaneswar: The Directorate of Enforcement (ED) has arrested Partha Sarathi Biswal, Managing Director of Biswal Tradelink Pvt. Ltd. (BTPL), Bhubaneswar, in connection with a money laundering case involving fake bank guarantees worth Rs 68.2 crore. The arrest was made under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. According to an official press release, the ED launched the investigation based on FIR No. 131/2024 registered by the Economic Offences Wing (EOW) of th ...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: 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 >
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 [India], August 1 (ANI): The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against industrialist Anil Ambani in connection with an ongoing investigation into an alleged Rs 17,000-crore loan fraud case, sources said. LOC is issued to prevent a person from leaving the country while the probe is underway. The ED has not released an official statement on the matter yet. ED move comes after the agency summoned Anil Ambani for questioning in the case and directed him to ...Read More >
New Delhi [India], August 1 (ANI): The Enforcement Directorate (ED) has issued a Look Out Circular (LOC) against industrialist Anil Ambani in connection with an ongoing investigation into an alleged Rs 17,000-crore loan fraud case, sources said. LOC is issued to prevent a person from leaving the country while the probe is underway. The ED has not released an official statement on the matter yet. Also Read | Anil Ambani in Trouble: ED Issues Look Out Circular Against ADAG Chairman in INR 17,000 ...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 >
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, Jul 3 (PTI) Reliance Infrastructure and Reliance Power on Thursday said that State Bank of India's move to classify the loan account of Reliance Communications as fraud has no impact on their business operations and financial performance. The development also has no impact on their shareholders, employees, or any other stakeholders, the two Anil Dhirubhai Ambani group (ADAG) companies stated in separate exchange filings. The ADAG companies said they are separate and independent list ...Read More >
Srinagar- Chief Minister Omar Abdullah on Monday inaugurated a buyer-seller meet here to empower local artisans and boost the economy. "The Chief Minister inaugurated the Buyer-Seller Meet at SKICC today. The initiative aims to empower artisans and strengthen the local economy by creating direct market linkages and promoting local products. The meet is hosting 15 international and 30 national buyers," Omar posted on his official X handle. Talking to reporters later, Omar said the effectiveness ...Read More >
Nagpur: After the move to make Falcon 2000 business jet at Nagpur, Anil Ambani-led Reliance Infrastructure on Tuesday announced plans to set up a maintenance, repair and overhaul (MRO) depot for military aircraft and equipment at Mihan-SEZ here. If this plan works out, this would be the third MRO in Nagpur and first catering to defence sector. Reliance Defence -- Reliance Infrastructure's wholly owned subsidiary -- has tied up with the US's Coastal Mechanics Inc (CMI). It eyes massive business t ...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 >
New Delhi: The Enforcement Directorate (ED) on Friday carried out searches at 15 places in Mumbai and Kochi in connection with the Mithi River desilting scam that caused a wrongful loss of more than Rs 65 crore to the Brihanmumbai Municipal Corporation (BMC), official sources said. The massive crackdown is underway at the premises across Mumbai and Kochi linked to the accused and suspects as part of an ongoing probe into alleged financial irregularities. According to the sources, the searches ...Read More >
NEW DELHI: The Nifty Pharma index traded negative around 10:41AM(IST)on Friday in an upbeat market. Dr. Reddy's Laboratories Ltd.(up 1.24 per cent), Gland Pharma Ltd.(up 0.83 per cent), Ajanta Pharma Ltd.(up 0.56 per cent), Alkem Laboratories Ltd.(up 0.54 per cent) and Abbott India Ltd.(up 0.49 per cent) were among the top gainers. Laurus Labs Ltd.(down 1.57 per cent), Divi's Laboratories Ltd.(down 1.2 per cent), Granules India Ltd.(down 1.04 per cent), Glenmark Pharmaceuticals Ltd.(down 0.83 ...Read More >
NEW DELHI: The Nifty Bank index traded positive around 10:30AM(IST)on Friday in an upbeat market. Axis Bank Ltd.(up 1.67 per cent), Punjab National Bank(up 1.27 per cent), IDFC First Bank Ltd.(up 1.14 per cent), IndusInd Bank Ltd.(up 0.92 per cent) and State Bank of India(up 0.87 per cent) were among the top gainers. Bank of Baroda(down 2.41 per cent) were the top losers on the index. The Nifty Bank index was up 0.53 per cent at 56056.3 at the time of writing this report. Benchmark NSE Nifty ...Read More >
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