Tag: Anil Ambani

New Delhi: Reliance Retail’s upcoming entry into the online retail sector is the biggest challenge for Amazon and Walmart-Flipkart as the Mukesh Ambani-led behemoth is well positioned to create massive disruption in the market, a new report has stressed. According to the global market research firm Forrester, the online retail sales in India will grow […]

Ahmedabad: The Reliance Group, led by Anil Ambani, on Tuesday announced its decision to withdraw the Rs 5,000 crore civil defamation suit, filed in a court here, against Congress leaders and the National Herald newspaper over their statements and an article on the controversial Rafale fighter jet deal. The court of city civil and sessions […]

Mumbai: As part of its transformation process, Reliance Capital will exit its lending businesses. Addressing the company’s AGM, Reliance Anil Dhirubhai Ambani Group Chairman Anil Ambani on Monday said: “As part of the transformation process, Reliance Capital will no longer be in the lending businesses.” “Both the lending businesses — Reliance Commercial Finance and Reliance […]

New Delhi: Chinese banks will get the lions share of Rs 7,000 crore or 30 per cent in the Reliance Communications Limited (RCom) and Reliance Telecom Limited (RTL) resolution plan while the Department of Telecommunications (DoT) will get zero proceeds. The Government of India and the DoT against the AGR dues of Rs 30,000 crore […]