Anil Ambani

Anil Ambani gets HC relief in black money case

A show cause notice was issue to Anil Ambani under the Foreign Black Money Act for non-disclosure of assets worth Rs 814 crore. The notice also accused Anil Ambani of tax evasion of Rs 420 crore. 

published on : 27th September 2022

Bombay HC gives Anil Ambani relief over tax evasion matter

The income tax department had charged Anil Ambani with "wilful evasion" saying he "intentionally" did not disclose his foreign bank account details to the authorities.

published on : 26th September 2022

Adanis rejects R-Infra’s Rs 13,400 crore claim in Mumbai power business transfer deal

The deal gave Adani Group a strong base in the distribution business and now Adani Transmission is India’s largest private player in the transmission and power distribution space.

published on : 13th September 2022

Reliance Power to raise Rs 1,200 crore from Varde Partners

It has one of the largest portfolios of power projects in the private sector, based on coal, gas, hydro and renewable energy, with an operating portfolio of 5,945 megawatts.

published on : 6th September 2022

Income Tax Appellate Tribunal reprieve for Anil Ambani in yacht customs duty case

The case pertains to assessment year 2013-14. Reliance Transport and Travels had debited Rs 32.12 crore as customs duty, out of which Rs 26.49 crore was claimed as business expenditure.

published on : 6th August 2022

Private sector an equal culprit in erosion of wealth

The sheer loss of investors’ wealth by Anil Ambani-run businesses is astounding. One by one, all his companies are going down the bankruptcy road.

published on : 28th March 2022

Anil Ambani resigns as director of Reliance Power, Reliance Infrastructure

Sebi in February barred Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off funds from the company.

published on : 25th March 2022

Trouble for Goa's powerful family? Government to get Swiss account data of Salgaocars soon

The Salgaocar family had been locked in a long legal battle in Switzerland to prevent India’s tax authorities from getting details of trusts set up by the family in that country.

published on : 22nd March 2022

Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital

The bidders have two options - either they can bid for the entire RCL or any one or more than one of the eight subsidiaries of the NBFC firm.

published on : 13th March 2022

Centre announces probe into Pandora Papers as top businessmen, celebrities appear in list

On Sunday, the ICIJ involving had released a 2.94 terabyte data trove, based on 12 million leaked documents linked to wealthy elites from over 200 countries.

published on : 5th October 2021

Rahul Gandhi hits back at Centre, asks why CAG report on Rafale deal not tabled before PAC

Rahul reiterated the Congress' demand for a JPC probe into the fighter jet deal and claimed that if it was conducted, names of Prime Minister Narendra Modi and businessman Anil Ambani will come out.

published on : 14th December 2018

Modi violated secrecy oath in Rafale deal, alleges Congress

Congress was referring to reports on former France President Francois Hollande's claims regarding a private Indian firm becoming an offset partner in the intergovernmental deal for the fighter jets.

published on : 23rd September 2018

Prashant Bhushan calls Rafale deal the 'largest defence scam' in India

Bhushan questioned how Anil Ambani's Reliance Defence, the Indian offset partner of French firm Dassault Aviation, could be involved in the project as "most of his companies are in debt."

published on : 23rd September 2018

PM Modi faces calls for resignation over Rafale deal

Indian political parties have been accusing Modi over the 2016, 36 Rafale planes from Dassault estimated to be worth $8.7 billion, saying he had overpaid for the planes and had not been transperant  

published on : 22nd September 2018

Rafale deal: After Hollande's statement, France says not involved in choosing Indian partners

The statement came following a French media report which quoted former President Francois Hollande as saying that the Indian government proposed Reliance Defence as the partner for Dassault Aviation.

published on : 22nd September 2018

Indian government chose Anil Ambani for Rafale deal, says Ex-French President Francois Hollande

Hollande on a question about who selected Reliance as a partner and why, said it was the Indian govt that proposed Reliance’s name and Dassault had no choice but to take the company given to it.

published on : 21st September 2018

Rafale direct deal between PM Modi and Anil Ambani, alleges Congress

The opposition party also dared the government to move the court against the allegations, saying it will be forced to reveal the details of the deal which it is hiding.

published on : 28th August 2018

Rafale row: Anil Ambani files Rs 5,000 crore defamation suit against National Herald

The civil defamation suit was filed by Reliance Defence, Reliance Infrastructure and Reliance Aerostructure against the Associated Journals Limited, the publisher of the National Herald.

published on : 25th August 2018

Rahul Gandhi rakes up Rafale deal in UK; says government changed deal to favour industrialist

Gandhi has been attacking the BJP government for allegedly inking the deal at a much higher price than the one the previous UPA regime had negotiated to benefit "one businessman".

published on : 25th August 2018

Rafale deal: Anil Ambani's Reliance asks Congress leaders to stop levelling charges

The Congress leaders said they will not be scared or silenced by notices sent by the group, which have been sent to several spokespersons and other leaders of the party.

published on : 22nd August 2018
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