Expanding into the green energy sector, Reliance Industries Limited (RIL) bought Norway-based REC Solar from China National Bluestar for $771 million (around...
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1st Dec 2021 | Updated at 04:54pm 1st Dec 2021
Insolvency proceedings against Reliance Capital
The Reserve Bank of India superseded the board of directors of Reliance Capital and announced plans for insolvency proceedings citing payment defaults and serious governance concerns which the board has not been able to address. RBI has also...
RIL says report of its bid for BT is ‘baseless’
Reliance Industries has denied it wants to make an offer for BT after an Indian newspaper reported it was interested in the UK telecoms group. Reliance called the article as “speculative and baseless”, after shares in BT jumped as much as 9...
Reliance Retail Ventures Limited (RRVL), the retail arm of Reliance Industries, has extended the Long Stop Date for completion of its £2.47 billion deal...
India has added five billionaires every month in the last 12 months as the value of businesses such as chemicals, software and pharmaceuticals soared....
State-run carrier Air India could be headed back to its founder Tata group, which has outbid the other contender, a consortia comprising of SpiceJet promoter...
The Defence Ministry inked a nearly £2 billion deal with Airbus Defence and Space of Spain to procure 56 'C-295' medium transport aircraft which will replace...
Gautam Adani, India’s second-richest man who heads the Ahmedabad-based edible oils, infrastructure and energy conglomerate, threw a gauntlet at the country’s...
India's conglomerates have not only gained heft in the market but have also created wealth for shareholders big time. Thanks to the sizzling rally in group companies’ share prices and speedy recovery in their earnings after the first Covid wave,...
India's finance minister Nirmala Sitharaman called for expansion of banking services in the country, stating that there are still many districts without...
The National Asset Reconstruction Company (NARCL) will have maximum impact on loan books of Bank of India (BoI), Union Bank and Punjab National Bank (PNB), which will sell over 1% of their loans to the bad bank. According to rating agency Crisil,...
After getting rapped for accepting Vedanta group's bid that would give just 5 per cent of their outstanding loans, lenders to Videocon Industries approached...
