Page 10 - Reliance Group

Reliance Capital invites bids for stake sale in subsidiaries to clear debt

Reliance Capital, part of Reliance Group, has invited bids for its subsidiaries, including Reliance General Insurance and Reliance Nippon Life Insurance, to repay loans of Rs 20,000 crore

Reliance General partners SatSure Analytics for crop insurance biz

Reliance General Insurance on Monday said it has partnered with SatSure for satellite-based crop monitoring and predictive analytics support to better risk management and improve efficiency of its crop insurance business operations. As part of the partnership, RGICL will supply extensive ground observation data and generate timely reports through SatSure Analytics' SAGE platform, combining the analysis of Earth Observation data, the company said in a release. It will help address the key areas of crop health, soil moisture, crop sown area, crop yield estimation and crop loss estimation, the company added. "We are committed to invest in technology and innovation to make crop insurance a success and our partnership with SatSure is aligned with this goal. It's a key step in our customer-centric approach for timely and efficient insurance servicing while being able to effectively and remotely monitor the business risks," said Rakesh Jain, ED & CEO, Reliance General Insurance. The ...

Former IOC Chairman Sanjiv Singh joins Reliance as Group President

Former Indian Oil Corp (IOC) chairman Sanjiv Singh has joined Reliance Industries Ltd as Group President for billionaire Mukesh Ambani-run firm's oil-to-chemicals business.

Lenders to Reliance Commercial Finance invite bids for sale of NBFC

RCFL, which according to its website has been re-branded as Reliance Money, is a non-banking finance company (NBFC) with asset under management of Rs 11,000 crore.

Shikhar Dhawan signs marketing and management agreement with IMG Reliance

IMG Reliance has Rohit Sharma, Jasprit Bumrah, Hardik Pandya, Krunal Pandya, Shreyas Iyer in its roster

Huge scam in YES Bank for many years, says Enforcement Directorate

Rana Kapoor's wife also charged with abetting crime

Leave the PSUs alone for now

Government sell-off is a stimulus for itself and might not work at this juncture

One-stop shop

Jio-Facebook deal would change India's digital economy

RIL's net debt might not rise in 2020-21 despite coronavirus, says report

RIL's share price has dropped 21 per cent year-to-date, but still out-performed the market by 7 percentage points

YES Bank crisis: ED summons Anil Ambani in probe against Rana Kapoor

Confirming the development, an ED official said the agency was examining all the big borrowers of the bank, and the stressed loans sanctioned during Kapoor's tenure

Top headlines: Govt's infra push, reforms to revive power sector, and more

FM Sitharaman unveils Rs 102-trn of infra projects, reforms to revive struggling power retailers and more top headlines of the day

Reliance likely to make bid for RCom and its related companies today

Bharti Airtel also likely to reconsider its decision and bid

Reliance Group paid Rs 35,000 cr to lenders in 14 months: Anil Ambani

He blamed regulatory bodies and courts for delaying verdicts which had held up Rs 30,000 cr in payments to the group

HC asks Reliance group firms, Edelweiss' NBFC arm to settle out of court

The Reliance group companies had moved Bombay HC seeking damages from Edelweiss for selling its shares "illegally"

Anil Ambani's Reliance Group shares rises after pact with lenders

RPower, RCom jump over 10% each

Sebi to look into sale of pledged shares of Reliance Group's 3 listed firms

Market regulator Sebi is looking into allegations and counter-allegations related to the sale of pledged shares of Anil Ambani-led Reliance Group's three listed firms by two lenders, senior officials said Monday. Reliance Group has accused L&T Finance and Edelweiss Group entities of "illegal" and "motivated" actions in invoking the pledged shares of Anil Ambani group firms and selling them in open market causing a steep fall in share values. L&T Finance and Edelweiss Group have refuted the allegations and have counter-alleged that Reliance Group failed to make timely payments, which they said necessitated sale of pledged shares. Officials said the regulator has asked exchanges to look into the trade details and seek clarifications from the concerned entities regarding open market sale of shares to ascertain whether any norms were breached in the process. The regulator will subsequently examine whether there was any violation of regulations relating to insider trading and ...

Street signs: Reliance group vs Edelweiss, NBFC bonds, and more

Secondary market trading in corporate bonds listed on stock exchanges is gaining traction with the National Stock Exchange (NSE) recording more than usual trades

M-cap erosion: Anil Ambani-led Reliance Group firms recommend legal action

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 Saturday said boards of its three listed firms have recommended "all appropriate legal steps" to protect shareholders' value. In separate regulatory filings, Reliance Capital, Reliance Infrastructure and Reliance Power said their respective boards met on Saturday to review the events of last week, leading to a sharp fall in their market capitalisation and destruction of wealth. L&T Finance and Edelweiss Group have refuted the allegations and have counter-alleged Reliance Group of failing to make timely payments, which they said necessitated sale of pledged shares. In its filing, Reliance Capital said its over 7 lakh shareholders have been impacted by what it termed as "illegal, motivated and unwarranted actions of L&T Finance". The financial services arm of Reliance Group said its board has recommended .

Sale of pledged shares by L&T Finance, Edelweiss illegal: Reliance Group

Reliance Group accuses L&T Finance and Edelweiss of illegal, motivated actions; the two firms refute charges

Reliance Group accuses L&T Finance, Edelweiss of 'illegal' actions

Anil Ambani-led Reliance Group Friday accused L&T and Edelweiss entities of "illegal" and "motivated" actions in invoking the pledged shares and selling them in open market causing a steep fall in its share value. A few NBFCs, "substantially L&T Finance and certain entities of Edelweiss Group, have invoked pledge of listed shares of Reliance Group and made open market sales of the value of approximately Rs 400 crore from February 4 to 7," the group said in a statement. "The illegal, motivated and wholly unjustified action by the above two groups has precipitated a fall of Rs 13,000 crore, an unprecedented nearly 55 per cent, in market capitalisation of Reliance Group over just these four short days," it noted. The group said the actions have caused substantial losses to 72 lakh institutional and retail shareholders, and harming the interests of all stakeholders. Citing legal advice, the group also said the purported exercise of rights to enforce the security is illegal and ...