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Anil Ambani Resigns, As Director Of RPower, RInfra

Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company. "Anil D Ambani, non-executive director, steps down from the board ...

Anil Ambani Says Reliance Infra To Be Debt-Free By FY21

On Tuesday, Reliance Infrastructure (RInfra) chairman Anil Ambani said that the company will be completely debt-free by the end of this financial year. RInfra has a debt of over Rs 6,000 crore, has been working towards monetising its assets to reduce ...

Reliance Infra & Astaldi JV Wins Mumbai's Second Sea Link Project

In a BSE (Bombay Stock Exchange) filing, Reliance Infrastructure (RInfra) said that it has bagged a Rs 7,000 project for the construction of Mumbai's second sea-link in a joint venture with Astaldi S.p.A. It is an engineering, procurement and construction (EPC) ...

Reliance Infra's Rs 188 Bn Deal with Adani Approved by CCI

Reliance Infrastructure (RInfra) today said that the Competition Commission of India (CCI) has approved the sale of its Mumbai power business to Adani Transmission in a Rs 188 billion deal. Also Read: What is Competition Commission of India? In a statement, ...

ADAG Group Stocks Rally; RCom Gains 19%

Amid a subdued market, in a holiday-truncated week, shares of Anil Dhirubhai Ambani Group (ADAG) rallied up in intraday trade today with gains of between 1-19% on the BSE. The surge has come on the back of heavy volume in these ...