Reliance General Insurance files draft papers for IPO

Tech Mahindra Ltd. has filed cases under the Insolvency and Bankruptcy Code (IBC) against the Anil Dhirubhai Ambani Group’s (ADAG) telecom arm Reliance Communications (RCOM), and its subsidiary companies Reliance Telecom Ltd. and Reliance Big TV Ltd.

Reliance Group Chairman Anil Ambani on Tuesday said the telecom sector is under stress and banks are not extending any credit."The Reserve Bank of India in April asked all banks to be cautious on telecom. Banks are now not extending any credit," Ambani told ...

Anil Ambani-led Reliance Communications Ltd (RCom) has called off their merger with Aircel Ltd, after their pact with Maxis Group lapsed, citing regulatory delays and opposition from the creditors on how they will repay the huge debt. RCom is looking to sell ...

Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly The past few weeks have seen several joint ventures between Indian and foreign companies come into the spotlight. While McDonald's and Indian entrepreneur Vikram Bakshi are fighting aggressively in courts, Tata Steel and German major ThyssenKrupp have come together to address the issue of overcapacity in Europe's steel market.   Anil Ambani-led ...

Reliance Industries chief Mukesh Ambani today emerged as Indias wealthiest for the 10th straight year as his net worth swelled to USD 38 billion (nearly Rs 2.5 lakh crore) while the wealth of 100 richest rose by 26 per cent despite economic hiccups. Wipros ...

As many as seven women have been named in Indias 100 richest persons list, including O P Jindal group Chairperson Savitri Jindal and biotechnology pioneer Kiran Mazumdar-Shaw. Savitri Jindal and family ranked the highest at the 16th place on the coveted list ...

The Maharashtra government has asked the Malti Vasant Heart Trust, whose trustee list includes Tina and Anil Ambani, to pay Rs 174 crore for using parts of the Kokilaben Dhirubhai Ambani Hospital in Andheri (West) for commercial purposes other than hospital ...

Reliance Nippon Life Asset Management expects to raise Rs 1,542 crore through initial public offer later this month, with the company fixing a price band of Rs 247-252 per share.The IPO will open for subscription from October 25-27, Reliance Capital said in a ...

Mumbai: Adani Transmission has jumped 10% to hit the upper circuit at Rs 193.25 on BSE on Tuesday morning, with the announcement from the company that it has entered into an agreement to acquire Reliance Infrastructure's Mumbai operations. On the National ...