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Canara Bank has accused Reliance Communications, Anil Ambani's bankrupt telecom company, of fraudulently misappropriating a Rs 1,050 crore loan. The bank alleges the funds, intended for capital ...
Anil Ambani’s Reliance Group has charted out a new growth plan, which involves the two main companies in the group, Reliance Infrastructure and Reliance Power, raising ₹17,600 crore and ...
Last week, The Anil-Ambani-led power generation company said it would legally challenge SECI's ban and lodged a police complaint against the third party that arranged the bank guarantee.
As part of a recent bidding process, a subsidiary of Reliance Power had submitted a 'fake' endorsement for its bank guarantee, SECI said.