RELINFRA.NSE News
FIR filed against ADAG companies on Axis complaint
Mumbai Police have registered an FIR against Reliance Commercial Finance, Reliance Infrastructure, Reliance Power, and ADAG promoters following a complaint by Axis Bank. The case, involving allegations of financial irregularities and fund diversion, stems from a preliminary inquiry and a forensic audit. While Axis Bank quantified the principal sacrifice at ₹38.95 crore, police are investigating transactions exceeding ₹1,800 crore.
cityfalcon.com
Anil Ambani’s Rs 3,716 Cr Mumbai Home Attached by ED
Guwahati: In a significant escalation of the financial and legal troubles surrounding industrialist Anil Ambani, the Enforcement Directorate (ED) has provisionally attached his 17-storey luxury residence ‘Abode’ in Mumbai’s Pali Hill, valued at Rs 3,716 crore. The action has been taken under the provisions of the Prevention of Money Laundering Act (PMLA) in connection with alleged bank loan fraud and diversion of funds linked to companies of the Reliance ADA Group. The attachment marks one of the highest-value personal properties to be provisionally seized in a corporate fraud investigation in recent years. Officials indicated that the move follows ongoing investigations into financial transactions involving group entities, particularly telecom and financial services arms that defaulted on massive loan obligations. After the 2005 split of the Reliance empire between Anil Ambani and his elder brother Mukesh Ambani, the younger Ambani took charge of businesses spanning telecom, infrastructure, power, financial services and entertainment.
cityfalcon.com
India Ratings Downgrades Reliance Infrastructure on Regulatory and Enforcement Actions
An update from Reliance Infrastructure Limited ( ($IN:RELINFRA) ) is now available. India Ratings & Research has downgraded Reliance Infrastructure...
cityfalcon.com
ED seizes 13 bank accounts of Anil Ambani's Reliance Infrastructure Ltd under FEMA, worth Rs 54.82 cr
New Delhi [India], December 10 (ANI): The Enforcement Directorate (ED) has seized 13 bank accounts having a balance of Rs 54.82 crore of Anil Ambani's Reliance Infrastructure Ltd under Section 37A of the Foreign Exchange Management Act (FEMA), 1999, for contraventions under Section 4 of the Foreign Exchange Management Act (FEMA), the agency said on Wednesday. The federal agency's special task force seized these b
cityfalcon.com
RInfra setting up integrated solar mfg ecosystem
New Delhi: Anil Ambani-led Reliance Group on Monday said its arm Reliance Infrastructure is setting up one of India’s most advanced, fully integrated solar manufacturing ecosystems spanning ingots,...
cityfalcon.com
Cautious Start On Dalal Street, Nifty Holds 24,850; RIL Gains On Tariff Hike, Vardhman Textiles, Indo Count Rally On Duty Cut
Analysts remain watchful of global geopolitical cues. A bullish setup is likely only if it sustains above 24,900–25,020, with FIIs showing signs of cautious optimism.