Reliance Capital invites Nippon Life to buy entire stake in JV

Anil Ambani-led Reliance Capital (RCap) announced that it has invited Nippon Life Insurance to acquire its entire 42.88 per cent stake in Reliance Nippon Life Asset Management (RNAM). Continue Reading

SC orders Anil Ambani to pay Rs 453 cr or go to jail

The Supreme Court today held Reliance Communication (RCom) chairman Anil Ambani guilty of contempt of court in a case related to Ericsson India and said he will go to jail if Rs 453 crore in dues is not paid to the telecom equipment maker. Continue Reading

Anil has money to invest in Rafale but can’t clear dues: Ericsson

Responding to that, Anil Ambani told the top court that with the failure of its assets sale deal with elder brother Mukesh Ambani-led Reliance Jio, his company has entered insolvency proceedings and is not in control of the funds. Continue Reading