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Reliance's $50 Billion Wipeout Shows Toll of Weak Earnings
Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown.
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Anil Ambani Can't Hold Key Managerial Post In Listed Firms For 5 Years: SEBI
Reliance Group Chairman Anil Ambani cannot hold a key managerial position in any listed company for five years, the capital markets regulator SEBI said in an order today.
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Reliance Capital's Joint Auditor Guilty Of Overlooking Fraud: Regulator
The National Financial Reporting Authority (NFRA) has held the joint auditor of Reliance Capital guilty of professional misconduct for deliberately overlooking the Price Waterhouse (PW) report of suspected fraud regarding loans and investments.
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RBI Clears Resolution Plan For Debt-Ridden Reliance Capital
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital.
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In Delhi Climate Plan Draft, Less Reliance On Other States For Hydropower
The Delhi government's draft action plan proposes a reduction in the national capital's reliance on hydropower from other states, taking into account potential future challenges to generation capacity due to changes in temperature and precipitation.
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Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity
Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133 crore, the mobile carrier said.
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Reliance Jio 5G Beta Trials Begin in Delhi and Other Cities With Over 1Gbps Download Speed
Reliance Jio on Thursday started beta trials of 5G services in the national capital along with three other cities — Mumbai, Kolkata and Varanasi — with users getting download speed of over 1Gbps. At Chanakyapuri, in Lutyens' Zone of New Delhi, the users got internet speed of over 1Gbps. During the trial, the company said, "Now 5G services will ...
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Google Expands India Cloud Services With New Infrastructure Push, Will Open More Data Centres in New Delhi
Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said.
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Reliance Retail to Receive Rs. 7,350 Crore Investment From GIC, TPG Capital
Reliance Industries Ltd (RIL) said on Saturday Singapore sovereign wealth fund GIC and global private equity firm TPG Capital invested a combined Rs. 7,350 crore (about $1 billion) in its retail unit.
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Intel-Jio Deal: Intel Capital to Invest Rs. 1,894.50 Crores in Jio Platforms
Reliance Industries and Jio Platforms on Friday announced that Intel Capital will invest Rs. 1,894.50 crores in Jio Platforms at an equity value of Rs. 4.91 lakh crores and an enterprise value of Rs. 5.16 lakh crores.
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"Like To Remind Rahul Gandhi...": Anil Ambani's Reliance Group Hits Back
Anil Ambani's Reliance Group in a strongly worded statement has criticised Congress chief Rahul Gandhi for accusing the industrialist of being a "crony capitalist and dishonest businessman", and pointed out that the conglomerate received projects worth Rs 1 lakh crore when the UPA was in power for 10 years.
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"No Comment," Says Rahul Gandhi On Court Order On Probe Against CBI Chief
Congress president Rahul Gandhi today refused to react to a Supreme Court order that the Central Vigilance Commission complete its probe against CBI Director Alok Verma in two weeks, instead opting to reiterate allegations of crony capitalism against Prime Minister Narendra Modi.
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On Rafale Deal, New Documents Point To Anil Ambani Firm As Essential
In the Rafale jet deal, documents featured in a French aviation blog may fuel more controversy amid opposition allegations that France snagged the Rs 59,000 crore deal as a trade-off for aeronautics major Dassault tying up with Anil Ambani's company.
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Government Deceiving Country, Violated Rules In Rafale Deal: Congress
The Congress today accused the government of "deceiving" the country and promoting crony capitalism in awarding a private entity the contract for the multi-crore Rafale aircraft deal, which it described as the "mother of all deals".
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RIL to Buy 73 Percent Stake in AI-Based EduTech Firm Embibe
RIL said it has agreed to invest the rupee equivalent of $180 million into Embibe, which leverages data analytics to deliver personalised learning outcomes to each student.
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Reliance's $50 Billion Wipeout Shows Toll of Weak Earnings
Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown.
-
Anil Ambani Can't Hold Key Managerial Post In Listed Firms For 5 Years: SEBI
Reliance Group Chairman Anil Ambani cannot hold a key managerial position in any listed company for five years, the capital markets regulator SEBI said in an order today.
-
Reliance Capital's Joint Auditor Guilty Of Overlooking Fraud: Regulator
The National Financial Reporting Authority (NFRA) has held the joint auditor of Reliance Capital guilty of professional misconduct for deliberately overlooking the Price Waterhouse (PW) report of suspected fraud regarding loans and investments.
-
RBI Clears Resolution Plan For Debt-Ridden Reliance Capital
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital.
-
In Delhi Climate Plan Draft, Less Reliance On Other States For Hydropower
The Delhi government's draft action plan proposes a reduction in the national capital's reliance on hydropower from other states, taking into account potential future challenges to generation capacity due to changes in temperature and precipitation.
-
Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity
Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133 crore, the mobile carrier said.
-
Reliance Jio 5G Beta Trials Begin in Delhi and Other Cities With Over 1Gbps Download Speed
Reliance Jio on Thursday started beta trials of 5G services in the national capital along with three other cities — Mumbai, Kolkata and Varanasi — with users getting download speed of over 1Gbps. At Chanakyapuri, in Lutyens' Zone of New Delhi, the users got internet speed of over 1Gbps. During the trial, the company said, "Now 5G services will ...
-
Google Expands India Cloud Services With New Infrastructure Push, Will Open More Data Centres in New Delhi
Google is ramping up cloud infrastructure in India with a second cluster of data centres in and around capital New Delhi to meet increasing customer demands in a key growth market, senior company executives said.
-
Reliance Retail to Receive Rs. 7,350 Crore Investment From GIC, TPG Capital
Reliance Industries Ltd (RIL) said on Saturday Singapore sovereign wealth fund GIC and global private equity firm TPG Capital invested a combined Rs. 7,350 crore (about $1 billion) in its retail unit.
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Intel-Jio Deal: Intel Capital to Invest Rs. 1,894.50 Crores in Jio Platforms
Reliance Industries and Jio Platforms on Friday announced that Intel Capital will invest Rs. 1,894.50 crores in Jio Platforms at an equity value of Rs. 4.91 lakh crores and an enterprise value of Rs. 5.16 lakh crores.
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"Like To Remind Rahul Gandhi...": Anil Ambani's Reliance Group Hits Back
Anil Ambani's Reliance Group in a strongly worded statement has criticised Congress chief Rahul Gandhi for accusing the industrialist of being a "crony capitalist and dishonest businessman", and pointed out that the conglomerate received projects worth Rs 1 lakh crore when the UPA was in power for 10 years.
-
"No Comment," Says Rahul Gandhi On Court Order On Probe Against CBI Chief
Congress president Rahul Gandhi today refused to react to a Supreme Court order that the Central Vigilance Commission complete its probe against CBI Director Alok Verma in two weeks, instead opting to reiterate allegations of crony capitalism against Prime Minister Narendra Modi.
-
On Rafale Deal, New Documents Point To Anil Ambani Firm As Essential
In the Rafale jet deal, documents featured in a French aviation blog may fuel more controversy amid opposition allegations that France snagged the Rs 59,000 crore deal as a trade-off for aeronautics major Dassault tying up with Anil Ambani's company.
-
Government Deceiving Country, Violated Rules In Rafale Deal: Congress
The Congress today accused the government of "deceiving" the country and promoting crony capitalism in awarding a private entity the contract for the multi-crore Rafale aircraft deal, which it described as the "mother of all deals".
-
RIL to Buy 73 Percent Stake in AI-Based EduTech Firm Embibe
RIL said it has agreed to invest the rupee equivalent of $180 million into Embibe, which leverages data analytics to deliver personalised learning outcomes to each student.
