Bankim Thanki, who represented three Chinese banks, said list of his witnesses and assets provided by Ambani was incomplete; he even pointed out to shopping done by Ambani using his credit card from luxurious stores like Harrods, Dolce and Gabbana and Harvey Nichols

Last week, Ambani told a London court that he has no meaningful assets to liquidate, after he was ordered to set aside $100 million in his dispute with three Chinese banks

The Reliance Group indicated that it plans to appeal against a UK court ruling that asked Anil Ambani to pay USD 100 million towards a conditional order granted to 3 Chinese banks pursuing the recovery of approx USD 680 million

Case pertains to a loan worth $925 million given to Ambani's now bankrupt Reliance Communications in February 2012; RCom repaid a portion of the loan, but defaulted on its payment obligations in February 2017

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Reliance Group Chairman Anil Dhirubhai Ambani's sons had joined the board of Reliance Infrastructure as non-executive directors on October 9, 2019

Stock Market Update: In terms of sector, except IT, pharma and PSU banking stocks, all the other indices closed in green.

This decision has been taken after IRDAI asked Reliance Health to transfer its liabilities to Reliance General amid a continuous decline in solvency margin

The Sunil Mittal-led telco intends to use the fund proceeds for refinancing, investments in subsidiaries and general corporate purpose

Reliance Group Chairman Anil Dhirubhai Ambani's sons, Anmol and Anshul Ambani, have today joined the Board of Reliance Infrastructure as directors

A glimpse of what went down at the recent AGM of Reliance Group companies, where Anil Amabni was threatened with a class suit, and questioned about his support for the Prime Minister

The financial services businesses of Anil Ambani are facing crises as the rating agencies doubt the group's ability to repay the debts. In some cases, they indicate at the possibility of defaults as it happened in IL&FS and DHFL.

Anil Ambani's Reliance Group is going through one of its toughest times. Can it survive the debt bomb?

Reliance Capital executive director Anmol Ambani, the elder son of Anil Ambani, said at the company's annual general meeting (AGM) that the group plans to list Reliance General Insurance in this financial year. Here are key highlights

Betting big on the financial sector, Ambani said Reliance Capital expects to list its home finance arm separately by April 2017. He expects the listing to take place by April next year.

Anmol, who has a degree from Warwick Business School in the UK, joined the board of Reliance Capital as an additional director a little over one month ago on August 23 after two years of training at the company.

Asian shares recouped early losses, suggesting investors judged Democrat Hillary Clinton was winning her debate against Republican Donald Trump.