RPower: The recent drop followed the Enforcement Directorate's (ED's) filing of a supplementary prosecution complaint in a case linked to the SECI bank guarantee.
RPower: The Enforcement Directorate (ED) filed a supplementary prosecution complaint in a matter linked to the SECI bank guarantee.
The company emphasized that a substantial portion of the attachment — Rs 8,078 crore — is linked to Reliance Communications Limited, a company that has not been part of the Reliance Group since 2019, more than six years ago.
Stocks including Reliance, Tata Power, HCL Technologies, ITC Hotels, RailTel Corp, CAMS, Zen Technologies, HCC and more will be in the spotlight on Friday, December 05.
Stocks including Reliance, IndiGo, BEML, Pine Labs, ONGC, JSW Steel, IEX, RailTel Corp, Rail Vikas Nigam, JK Cement and more will be in the spotlight on Thursday, December 04.
GQG Partners raised its stakes in five Adani Group companies which are Adani Enterprises, Adani Ports, Adani Green Energy, Adani Energy Solutions, and Adani Power.
The ED has asked Ambani to appear before the central probe agency today. According to sources, the agency declined his request to record his statement virtually and has insisted on a physical appearance.
RInfra shares fell 2.38 per cent in Friday's trade to a low of Rs 180.35 and RPower declined 0.62 per cent, touching a day low of Rs 41.03.
RPower's subsidiary, Reliance Nu Energies, on Tuesday received a Letter of Award (LoA) from SJVN Ltd for the largest allocation in the 1,500 MW/6,000 MWh FDRE ISTS tender issued by the Navratna enterprise.
In an exchange filing, the company said, "Reliance Power wishes to clarify that Amar Nath Dutta is in no way connected with the Company and the same has no impact on the Company and its business operations, financial performance, shareholders, employees or any other stakeholders."
In a massive loan fraud investigation, the Enforcement Directorate (ED) has targeted Anil Ambani and his once-powerful Reliance ADA Group, accusing them of orchestrating an elaborate web of financial deceit between 2017 and 2019. The younger Ambani brother, who parted ways with Mukesh in 2005 to forge an empire in telecom, power, infrastructure, and finance, now stands accused of siphoning funds through quid pro quo arrangements with Yes Bank, evergreening of loans, backdated approvals, zero due diligence, and routing money via shell companies. While Reliance Infrastructure and Reliance Power have emerged debt-free and are pivoting to green energy and defence sectors, the shadows of past collapses refuse to fade: bankrupt Reliance Communications (declared fraud by SBI for massive defaults), lender-seized Reliance Capital, and Reliance Home Finance. A stunning surge in Reliance Home Finance’s corporate lending within a single year—disbursed to dubious borrowers sharing identical addresses—triggered SEBI’s scathing report. The ED has unearthed fake bank guarantees, undisclosed foreign accounts in Jersey, BVI, and Cyprus, and hawala trails under FEMA. With assets worth thousands of crores already attached, a Look Out Circular (LOC) in force, top executives under intense grilling, and arrests like that of Partha Sarathi Biswal already executed, the noose is tightening around the tycoon who once declared zero net worth. As raids and inter-agency probes escalate, India waits to see if this spells the definitive collapse of Anil Ambani’s empire.





