London: Anil Ambani, the embattled chairman of Anil Dhirubhai Ambani Group (ADAG), who went from being sixth richest person on the planet to ‘zero net worth’, told a UK court on Friday that he sold off all his jewellery to pay off legal fees. The younger sibling of Asia’s richest man Mukesh Ambani also told the UK court that he is a “simple man of simple tastes” and owns just one car. The indebted businessman said he received Rs 9.9 crore after selling all his jewellery between Janu...Read More

Ahmedabad: Anil Ambani’s Reliance Group has decided to withdraw the Rs 5,000-crore civil defamation suits filed in an Ahmedabad court against Congress leaders and National Herald newspaper over their statements and an article on Rafale fighter jet deal, PTI reported on Tuesday. Advertising “We have intimated the defendants that we are going to withdraw the suits against them,” Reliance Group’s lawyer Rasesh Parikh told PTI. P S Champaneri, the lawyer representing the National Hera...Read More

Mumbai: Reliance Group on Sunday dismissed Congress president Rahul Gandhi's claim that Anil Ambani is "a dishonest businessman and crony capitalist." Gandhi's claims are "patently untrue statements," said a spokesperson of Reliance Group. "Congress party president Rahul Gandhi, in his typical cavalier fashion has continued his campaign of calumny, disinformation, distortion and malicious lies. Yesterday, he singled out our group chairman Anil D Ambani as allegedly a crony capitalist and dish...Read More

Mumbai: Thanks to timely intervention by elder brother Mukesh Ambani and bhabhi Nita Ambani, Anil Ambani led Reliance Communications has paid Rs 458.77 crore to Ericsson India as per the Supreme Court’s directive, after the court had held chairperson Anil Ambani and two directors guilty of contempt of court for wilfully not paying Rs 550 crore to the latter. A RCOM spokesperson stated, 'The requisite payment of Rs. 550 crore and interest thereon to Ericsson has been completed today in compl...Read More

Rajkot: Anil Ambani’s Reliance Infrastructure (RInra) said the company has bagged a Rs 648 crore contract from the Airport Authority of India to build a new airport at Hirasar, in Rajkot district of Gujarat. The new airport is being constructed near National Highway-8B connecting Ahmedabad and Rajkot, nearly 36 km from the existing Rajkot Airport. The company emerged winner among nine bidders that included Larsen & Toubro, Dilip Buildcon and Gayatri Projects. "Reliance Infrastructure Lim...Read More

Ahmedabad: Anil Dhirubhai Ambani Reliance Group owned Reliance Naval and Engineering Limited formerly Reliance Defence and Engineering Limited / Pipavav Defence and Offshore Engineering Company Limited, a subsidiary of Reliance Infrastructure Ltd and another subsidiary have filed a defamation suit of Rs 10000 crores against news channel NDTV in a court here for its reportage on Rafale deal issue. The court is likely to hear the matter on October 26. The company had earlier in A...Read More

Ahmedabad: Anil Ambani's Reliance Defence, Reliance Infrastructure and Reliance Aerostructure have in the court of city civil and sessions judge P J Tamakuwala in Ahmedabad filed a Rs 5,000-crore civil defamation suit against the Associated Journals Limited, the publisher of the National Herald, its editor in charge Zafar Agha, and author of the article, Vishwadeepak, claiming an article published in the newspaper regarding the Rafale fighter deal was "libellous and derogatory". The judge has is...Read More

Gandhinagar: Congress MLA from Rajula Ambrish Der sat on a-day long protest in Gandhinagar against non-payment of crores of rupees of dues by Anil Ambani led Reliance Naval and Engineering Limited to 150 vendors and merchants in his Rajula constituency. Der and others also approached Chief Secretary JN Singh seeking his intervention. Der had earlier staged dharna at Pipavav where Reliance Defense facility is located. Der said if state government fails to bring solution, he will move his dharna a...Read More

Anil Ambani-led Reliance Infrastructure ha sold its Mumbai power business to Adani Transmission for a total consideration of Rs 18,800 crore. An agreement for this was signed on Thursday. Reliance Infrastructure (RInfra) announced the signing of a definitive binding agreement with Adani Transmission (ATL) for a 100 per cent stake sale of its Mumbai power business, which includes integrated business of generation, transmission and distribution of power, Reliance Infrastructure said in a BSE fi...Read More

By Snehal Chokshi, Ahmedabad: Anmol Ambani, Executive Director of Reliance Capital Limited and son of RDAG group head and Industrialist Anil Ambani, today said that the demonetization move by Narendra Modi government would be highly beneficial for the Indian economy in the long run. Anmol, who was here today on the occasion of the announcement of IPO of his group company Reliance Nippon Life Asset Management Limited, the largest asset management company in India, said, 'though the demonetizat...Read More