The lessons billionaire Mukesh Ambani learned the hard way about the need for prudent succession planning have led him to unusual steps to ensure the continuity of leadership at Reliance Industries Limited, India’s most prized corporate possession.
Reliance Communications Limited (RCOM) has rejected the resignations tendered by Anil Dhirubhai Ambani and four other directors, instructing them to continue holding their posts till the insolvency resolution process of RCOM is completed.
Billionaire industrialist Anil Ambani on Saturday resigned as Director of Reliance Communications as the bankrupt telecom operator nears sale of its assets under an insolvency process.
Unresolved wage issues with worker’s unions now see HAL employees sitting on an indefinite strike, but the Government couldn’t care less.
Nippon Life Insurance, a 130-year-old financial services conglomerate with significant global presence has over 700 billion dollars of assets under management
Anil Ambani-led Reliance Capital said on Saturday it has concluded the transaction with Nippon Life Insurance Company of Japan to sell its stake in Reliance Nippon Life Asset Management (RNAM).
Brickwork has downgraded Reliance Capital‘s rating to BWR BB with negative implications for its long-term debt programme, market-linked debentures and subordinated debt. Brickwork said the action is primarily due to revision in timelines for divestments and deterioration in the standalone…
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has admitted Reliance Marine, a subsidiary of the Anil Ambani-led Reliance Naval and Engineering, under the insolvency and bankruptcy code (IBC) proceedings almost two years after the application was first filed, as per ET reports.
BP and Reliance Industries Limited (RIL) on Tuesday announced that they have agreed to form a new joint venture that will include a retail service
Lenders led by IDBI Bank have turned down a resolution plan proposed by Reliance Naval & Engineering, which has not been servicing its more than Rs 9,000 crore of debt for several months now.