Reliance group firms recommend legal action to protect shareholders

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 said boards of its three listed firms have recommended “all appropriate legal steps”…. Continue Reading

SC seeks Ambani’s response on Ericsson’s contempt petition 

he Supreme Court on Monday issued notice to Reliance Communication Ltd (RCom) Chairman Anil Dhirubhai Ambani and others on a contempt petition filed by Ericsson India over non-payment of its dues. A bench headed by Justice R F Nariman sought a response from Ambani and others in four weeks.  Continue Reading

Reliance Jio has highest Q3 adjusted gross revenue

Reliance Jio has emerged as the top telecom service provider in terms of adjusted gross revenue (AGR) at Rs 8,271 crore for the July-September quarter, according to Trai data. Continue Reading