Page 4 - Reliance Group

Top headlines: Govt's infra push, reforms to revive power sector, and more

FM Sitharaman unveils Rs 102-trn of infra projects, reforms to revive struggling power retailers and more top headlines of the day

Reliance likely to make bid for RCom and its related companies today

Bharti Airtel also likely to reconsider its decision and bid

Reliance Group paid Rs 35,000 cr to lenders in 14 months: Anil Ambani

He blamed regulatory bodies and courts for delaying verdicts which had held up Rs 30,000 cr in payments to the group

HC asks Reliance group firms, Edelweiss' NBFC arm to settle out of court

The Reliance group companies had moved Bombay HC seeking damages from Edelweiss for selling its shares "illegally"

Anil Ambani's Reliance Group shares rises after pact with lenders

RPower, RCom jump over 10% each

Sebi to look into sale of pledged shares of Reliance Group's 3 listed firms

Market regulator Sebi is looking into allegations and counter-allegations related to the sale of pledged shares of Anil Ambani-led Reliance Group's three listed firms by two lenders, senior officials said Monday. Reliance Group has accused L&T Finance and Edelweiss Group entities of "illegal" and "motivated" actions in invoking the pledged shares of Anil Ambani group firms and selling them in open market causing a steep fall in share values. L&T Finance and Edelweiss Group have refuted the allegations and have counter-alleged that Reliance Group failed to make timely payments, which they said necessitated sale of pledged shares. Officials said the regulator has asked exchanges to look into the trade details and seek clarifications from the concerned entities regarding open market sale of shares to ascertain whether any norms were breached in the process. The regulator will subsequently examine whether there was any violation of regulations relating to insider trading and ...

Street signs: Reliance group vs Edelweiss, NBFC bonds, and more

Secondary market trading in corporate bonds listed on stock exchanges is gaining traction with the National Stock Exchange (NSE) recording more than usual trades

M-cap erosion: Anil Ambani-led Reliance Group firms recommend legal action

A day after accusing L&T and Edelweiss entities of causing huge market value erosion by "illegal and motivated" sale of their pledged shares, Anil Ambani-led Reliance Group Saturday said boards of its three listed firms have recommended "all appropriate legal steps" to protect shareholders' value. In separate regulatory filings, Reliance Capital, Reliance Infrastructure and Reliance Power said their respective boards met on Saturday to review the events of last week, leading to a sharp fall in their market capitalisation and destruction of wealth. L&T Finance and Edelweiss Group have refuted the allegations and have counter-alleged Reliance Group of failing to make timely payments, which they said necessitated sale of pledged shares. In its filing, Reliance Capital said its over 7 lakh shareholders have been impacted by what it termed as "illegal, motivated and unwarranted actions of L&T Finance". The financial services arm of Reliance Group said its board has recommended .

Sale of pledged shares by L&T Finance, Edelweiss illegal: Reliance Group

Reliance Group accuses L&T Finance and Edelweiss of illegal, motivated actions; the two firms refute charges

Reliance Group accuses L&T Finance, Edelweiss of 'illegal' actions

Anil Ambani-led Reliance Group Friday accused L&T and Edelweiss entities of "illegal" and "motivated" actions in invoking the pledged shares and selling them in open market causing a steep fall in its share value. A few NBFCs, "substantially L&T Finance and certain entities of Edelweiss Group, have invoked pledge of listed shares of Reliance Group and made open market sales of the value of approximately Rs 400 crore from February 4 to 7," the group said in a statement. "The illegal, motivated and wholly unjustified action by the above two groups has precipitated a fall of Rs 13,000 crore, an unprecedented nearly 55 per cent, in market capitalisation of Reliance Group over just these four short days," it noted. The group said the actions have caused substantial losses to 72 lakh institutional and retail shareholders, and harming the interests of all stakeholders. Citing legal advice, the group also said the purported exercise of rights to enforce the security is illegal and ...

Reliance Group shares rise on twin courtroom victories for Anil Ambani

The SC on Friday refused to order a probe into India's purchase of French warplanes. Later, the Indian government told the court it would approve Reliance Communications' airwaves sale in two days

Reliance Group's 2016-17 report spoke of Rs 300 bn in Rafale JV offsets

However, '17-18 report silent on the amount

AGM for six Anil Ambani group firms on Tuesday, RCom to be first

Shares of these companies were a mixed bag ahead of AGMs. RCom rose 5.2%, Reliance Power was up 0.43%, while all others ended with losses amid weakness in overall market

Reliance group debt recast in fast lane after hiccups

RCom's debt was Rs 44,500 crore as on December last year, according to ICRA's estimates

Anil Ambani's Reliance Group, Cisco Jasper partner for Internet of Things solutions

Internet of Things, commonly called IoT, is an emerging technology which provides seamless interaction between devices embedded with electronics

Juergen Hase to head Anil Ambani's Reliance Group IoT biz

Hase has over 25 years of experience in developing and executing new businesses in different global markets

Reliance Group names Juergen Hase as CEO of 'Internet of Things'

He has worked in the global telecommunications industry for more than 25 years to develop, implement and execute new businesses in different global markets