Anil Ambani

Anil Ambani

Chairman, Reliance ADAG
Birth DetailsJune 4, 1959 | Mumbai, Maharashtra
NationalityIndian
LeagueBusiness Leader
EducationB.Sc., K.C. College, Mumbai University;
MBA, The Wharton School, University of Pennsylvania
Net Worth$1.7 billion (as of April 3, 2019)
Anil Ambani Assets:

Anil Ambani's Journey So Far ...
  • Joined Reliance Industries in 1983 as Co-Chief Executive Officer
  • Pioneered India’s movement into overseas capital markets with international public offerings of global depository receipts, convertibles and bonds
  • After a much-publicised family feud that made headlines for years, Reliance Industries was split between him and his brother Mukesh in 2005 following their father Dhirubhai Ambani’s death
  • In 2006, the Reliance Group was formed and in less than ten years became a market leader in several growth sectors including telecommunications, generation, transmission and distribution of renewable and non-renewable sources of power, national road highways, metro rail systems, cement, financial services, education, healthcare, media and entertainment
  • With a net worth of $45 billion, he became one of the richest persons in India in 2007 according to the Forbes Rich List
  • In 2008, Reliance Power’s IPO became India’s largest of the time which was subscribed in less than a minute
  • His businesses had a market capitalization of Rs 1,65,917 crore in January 2008
  • Losing a huge chunk of his fortune in the recession of the late 2000s, his net worth dropped to $13.7 billion by 2010 as per Forbes’
  • He lost his billionaire tag in 2019
  • By June 2019, Reliance Group’s market capitalization stood at Rs 6,196 crore

Before you go ...
  • Anil Ambani is a fitness enthusiast and also a seasoned long-distance marathon runner, with over 50 half and full marathons to his credit.
  • His other interests include nature, wildlife conservation and spiritualism.
Last Updated: 15/02/2021

Anil Ambani News

  • Nippon Life India Asset Management will pay over 96 crore rupees to settle SEBI charges. The company allegedly invested customer funds in high-risk Yes Bank bonds. This investment led to significant investor losses when Yes Bank became insolvent. A large portion of the settlement will be returned to affected investors. Anil Ambani's group allegedly influenced these investment decisions.
  • The Supreme Court has rejected Anil Ambani's appeal. He challenged banks classifying his loan accounts as fraudulent. The court found no grounds to interfere with the Bombay High Court's order. This allows banks to proceed with the classification. The Supreme Court asked the High Court to expedite the hearing. Anil Ambani had sought to settle the matter with the banks.
  • The Enforcement Directorate has alleged over ₹11,600 crore as proceeds of crime in a money laundering probe involving Reliance Home Finance and Reliance Commercial Finance. Public funds were allegedly diverted through shell entities. Nearly 90% of corporate loans were routed to shell companies. Key functionaries Amitabh Jhunjhunwala and Amit Bapna were taken into custody.
  • The CBI has registered a fresh case against Anil Ambani and Reliance Communications for allegedly causing a loss of ₹3,750 crore to Life Insurance Corporation of India. The case, based on an LIC complaint, alleges that the insurer was induced to invest ₹4,500 crore in non-convertible debentures between 2009 and 2012 through misleading claims about the company’s financial health and asset backing.
  • Mumbai Police have registered an FIR against Reliance Commercial Finance, Reliance Infrastructure, Reliance Power, and ADAG promoters following a complaint by Axis Bank. The case, involving allegations of financial irregularities and fund diversion, stems from a preliminary inquiry and a forensic audit. While Axis Bank quantified the principal sacrifice at ₹38.95 crore, police are investigating transactions exceeding ₹1,800 crore.
  • Rahul Gandhi criticized Prime Minister Narendra Modi on X, alleging his absence from Parliament was due to the Epstein files and the India-US trade deal. Gandhi accused Modi of compromising national data, harming farmers, and the textile industry, while also linking the PM to the Adani case in America.
  • Anil Ambani, represented by senior advocate Mukul Rohatgi, assured the top court that he will not leave the country without its prior nod when PIL petitioner and former bureaucrat EAS Sarma apprehended that he may flee.
  • ED said it has detected "fraudulent diversion" of public money by various Reliance Anil Ambani group companies including Reliance Communications (RCom), RHFL, RCFL, Reliance Infrastructure Ltd (RIL) and Reliance Power Ltd (RPL).
  • The Bombay High Court has temporarily halted public sector banks from taking further action on fraud-related show-cause notices issued to Reliance Group chairman Anil Ambani. The court cited that the notices were based on a forensic audit report whose validity Ambani has challenged, and that proceeding would cause irreparable harm.
  • The Bombay High Court has stayed actions by three banks to declare Anil Ambani and Reliance Communications' accounts as 'fraud'. The court ruled that the forensic audit report used was invalid as it lacked a qualified chartered accountant's signature, violating RBI Master Directions. This decision prevents drastic consequences for Ambani and his company.
  • Reliance Power shares rose sharply after the company announced a major governance overhaul and key clean-energy milestones. The board approved a new Board of Management to strengthen oversight, while subsidiary Reliance NU Energies secured 4 GW solar and 6.5 GW BESS capacity.
  • After considering the grounds raised in the plea, a bench led by the Chief Justice of India (CJI) BR Gavai on Tuesday issued notice to the central government, the Central Bureau of Investigation (CBI), and the Enforcement Directorate (ED), seeking their responses to the plea.
  • The Supreme Court has issued notices to the Centre, CBI, ED, Anil Ambani, and others regarding a PIL alleging massive banking and corporate fraud by Reliance Communications. Lawyer Prashant Bhushan, representing former Union secretary E A S Sarma, argued that probe agencies are neglecting to investigate the complicity of banks and their officials.
  • The Supreme Court will hear a plea for a court-monitored investigation into alleged massive banking and corporate fraud. The Public Interest Litigation highlights a Rs 20,000 crore bank fraud involving Reliance Communications and its group companies. The petition claims systematic diversion of public funds and fabrication of financial statements.
  • In an earlier statement, the ED said that after recently attaching assets worth Rs 7,500 crore belonging to Ambani and his companies under the anti-money laundering law, a search carried out against Reliance Infrastructure Ltd. found that Rs 40 crore was allegedly "siphoned" from the highway project.
  • Earlier in the day, Ambani's spokesperson said the industrialist had asked the federal agency to allow him to join the proceedings via "virtual means". The ED had called him for questioning on Friday, but he did not appear.
  • The Enforcement Directorate has issued a third summons to industrialist Anil Ambani, requiring his appearance on November 17 for a FEMA probe. Ambani's request for a virtual appearance was denied, and he was previously questioned in August. Investigators intend to confront him with evidence gathered over four months, including digital records and testimonies, to clarify financial transactions.
  • Reliance Power share price rose sharply on Monday after the company clarified that the individual arrested by the Enforcement Directorate in a fake bank guarantee case has no links with the firm or its subsidiaries. The rally also comes ahead of the company’s Q2 FY26 results announcement.
  • Reliance Power has clarified its position after the Enforcement Directorate arrested Amar Nath Dutta in a fake bank guarantee case. The company states Dutta has no connection to Reliance Power or its subsidiaries. The development has no impact on the company's business. Dutta was arrested for his alleged role in submitting forged bank guarantees worth over Rs 68 crore.
  • The Enforcement Directorate on Thursday arrested Amar Nath Dutta in connection with a money-laundering probe linked to an alleged multi-thousand crore loan fraud involving the Reliance Anil Dhirubhai Ambani Group. Dutta is accused of helping submit forged bank guarantees worth over ₹68 crore for a Reliance Power subsidiary’s bid in a Solar Energy Corporation of India tender.
  • Less than a year after its formation, Reliance NU Energies — the renewable energy arm of Anil Ambani-led Reliance Power — has seen the exit of its top leadership, including Chief Executive Officer Mayank Bansal and Chief Operating Officer Rakesh Swaroop, along with nearly a dozen senior executives, according to people familiar with the matter.
  • Anil Ambani is once again in the spotlight, summoned by the Enforcement Directorate for questioning related to an ongoing money-laundering investigation. This summons comes on the heels of a previous grilling back in August. The agency is delving into a loan fraud case amounting to thousands of crores.
  • Anil Ambani group stocks, including Reliance Power and Reliance Infrastructure, tumbled up to 5% after the SFIO launched a fresh probe into alleged fund diversion and governance lapses. The action follows earlier investigations by the ED, CBI, and Sebi, deepening regulatory scrutiny of the debt-laden group.
  • Enforcement Directorate has summoned Reliance Group chairman Anil Ambani for questioning in a money laundering case. This follows the attachment of over 132 acres of land valued at Rs 4,462.81 crore in Navi Mumbai. The total value of attached assets in connection with alleged loan frauds now exceeds Rs 7,500 crore.
  • The Ministry of Corporate Affairs has ordered a probe into Reliance ADAG companies. The Serious Fraud Investigation Office will investigate alleged corporate governance lapses and fund diversion. This follows concerns raised by financial institutions and auditors. The probe will focus on potential siphoning of funds and the use of shell companies.
  • Reliance Group's listed companies, Reliance Infrastructure and Reliance Power, stated no impact from the ED's attachment of Rs 7,500 crore properties linked to a money-laundering probe. The majority of attached assets belong to Reliance Communications, which is under resolution and not part of the group since 2019. Both firms are debt-free and focus on growth.
  • Enforcement Directorate has attached over 132 acres of land at Dhirubhai Ambani Knowledge City in Navi Mumbai. The value of this attachment is ₹4,462.81 crore. This action brings the total attached assets in Reliance Group's alleged loan frauds to over ₹7,500 crore. The probe investigates alleged diversion of bank loans by Reliance Communications and other ADAG companies.
  • Anil Ambani's Reliance Group faces extensive scrutiny as banks classify loan accounts as 'fraud' due to alleged fund diversion. The SEBI has banned Ambani and others for five years for a fraudulent scheme involving Reliance Home Finance. Investigations by ED and CBI are ongoing, with searches and arrests made in connection with multi-crore loan irregularities.
  • Anil Ambani Reliance Goup: The Enforcement Directorate has frozen over 40 properties valued at more than ₹3,000 crore connected to Anil Ambani's Reliance Group. These attached assets include Anil Ambani's Pali Hill residence and various properties across major Indian cities. The ED's action targets entities within the group, with attachments made in Delhi, Mumbai, and other key locations.
  • Former Reliance Power CFO Ashok Pal has been sent to judicial custody. He was arrested by the Enforcement Directorate in connection with a bank guarantee case. Pal resigned from his position shortly after his arrest. The investigation involves a ₹17,000 crore loan fraud. Reliance Power stated it is a victim of fraud and is cooperating with the probe.
  • Ashok Pal, former Reliance Power CFO, remains in Enforcement Directorate custody. The court extended his detention until October 16. Pal is linked to a ₹68 crore fake bank guarantee case. He is the first senior Reliance ADA Group executive arrested in this matter. The company claims it is a victim of fraud.
  • Enforcement Directorate arrested Reliance Power CFO Ashok Pal in a ₹68 crore fake bank guarantee case. Pal, a close aide of Anil Ambani, allegedly played a key role in diverting funds and concealing the forged guarantee. Reliance Power claims it is a victim of fraud and forgery.
  • A senior Reliance Power executive, Ashok Kumar Pal, was arrested and sent to two-day police custody in connection with a money laundering probe linked to the ADA Group. The Enforcement Directorate alleges Pal played a central role in a scheme involving a fake bank guarantee of over Rs 68 crore and diverting funds through bogus invoices.
  • Thales CEO Patrice Caine advocates for simpler foreign ownership rules in India's defense sector. He believes India should protect intellectual property while allowing full foreign company ownership. Thales currently uses joint ventures and wholly owned units in India.
  • Reliance Power shares saw a significant jump on Friday, October 10, driven by renewed buying interest and high trading volumes. This surge occurred despite the company receiving Show Cause Notices from SEBI concerning CLE Private Limited. Earlier, Reliance Power reported a profit in Q1 FY26, a positive shift from a loss last year.
  • The Bombay High Court upheld the State Bank of India's order classifying Anil Ambani and Reliance Communications' accounts as fraud, deeming it a reasoned decision without legal flaws. The court rejected Ambani's plea for a personal hearing, stating the RBI Master Directions only mandate a right to representation, which he was afforded.
  • Reliance Power and Reliance Infrastructure received Sebi Show Cause Notices related to CLE Private Limited, though both companies maintain no ongoing exposure, following earlier settlements and disclosures in this high-value regulatory case.
  • Reliance Infrastructure stated financial crime agency searches concerned a 2010 Rajasthan toll road contract. The company denied any foreign exchange violations. Earlier reports mentioned alleged foreign exchange law breaches. Reliance Infrastructure clarified it had no connection with the contractor. The toll road has been with the National Highways Authority of India for four years.
  • Reliance Power and Reliance Infrastructure said on Thursday that the Central Bureau of Investigation’s (CBI) action involving Reliance Commercial Finance (RCFL), Reliance Home Finance (RHFL), and Anil Ambani will not affect their business operations, governance, or financial performance.
  • The Central Bureau of Investigation has filed chargesheets against Anil Ambani and Rana Kapoor. Kapoor allegedly misused his position at Yes Bank. He channeled public funds into Anil Dhirubhai Ambani Group companies. Yes Bank invested over ₹4,900 crore in ADA Group firms. Ambani allegedly received benefits for his family entities. Reliance Nippon Mutual Fund also invested in Kapoor's company.
  • The CBI has filed chargesheets against Anil Ambani and Rana Kapoor, along with Kapoor's family members, in connection with fraudulent transactions between Reliance Group companies and Yes Bank. Ambani is accused of conspiring with Kapoor to divert public funds from Yes Bank into financially troubled Reliance entities, resulting in significant losses for the lender.
  • Reliance Power and Reliance Infrastructure shares rebounded after recent losses, despite ongoing legal challenges for Anil Ambani and bearish technical indicators. Recent contract wins in renewable energy and modest earnings recoveries offered some support. However, investigations and debt concerns continue to cast a shadow over the companies' long-term prospects, creating uncertainty for investors.
  • Central Bank of India has issued a show-cause notice to Reliance Communications, questioning why its account shouldn't be declared as 'fraud' due to non-repayment of a Rs 400 crore loan. The bank cited potential fund diversion and non-compliance with loan terms, based on a forensic report indicating substantial funds received by RCOM and its related entities from banks.
  • Reliance Power and Reliance Infrastructure shares have fallen nearly 36% in three months, raising concerns about Anil Ambani’s corporate comeback. Legal cases, lender scrutiny, and profit volatility overshadow operational gains, leaving investors uncertain about the sustainability of the turnaround.
  • The Enforcement Directorate has initiated a money laundering case against Anil Ambani, Reliance Communication, and others, following a CBI FIR concerning an alleged ₹2,929 crore loss to SBI. The CBI had previously searched Ambani's residence, prompting a denial of allegations from his spokesperson, who cited his non-executive role at the time of the alleged fraud.
  • Reliance Power clarified that Bank of Baroda's action against Reliance Communications, classifying its loan account as fraudulent, will not impact its operations or financial standing. The classification, also naming Anil Ambani, involves loans from a decade ago. Reliance Power emphasizes its independence from Reliance Communications, noting Ambani hasn't been on its board for over three years.
  • Reliance Communications' shares dipped after Bank of Baroda declared the company's and Anil Ambani's loan accounts as fraudulent. RCom, currently undergoing Corporate Insolvency Resolution Process, stated the classification pertains to pre-CIRP loans. The resolution professional is reviewing avoidance transactions, with applications pending before the NCLT.
  • Bank of Baroda has declared the loan accounts of Reliance Communications Ltd. and its former director, Anil Ambani, as "fraud." This decision, communicated in a letter dated September 2, 2025, prompted Reliance Communications to announce that it will seek legal counsel to determine its next steps in response to this classification.
  • Reliance Power and Reliance Infrastructure shares surged to 5% on Tuesday, continuing a two-day rally. Reliance Power shares have seen a sharp rally buoyed by positive developments in its renewable energy business.
  • Reliance Communications and Reliance Telecom loan accounts, along with directors including Anil Ambani, have been tagged as fraud by Bank of India after a forensic audit flagged diversion of funds. The CBI raided Ambani’s Mumbai home and RCom offices following SBI’s complaint. Ambani denied all allegations, while Reliance Power and Reliance Infra clarified no operational or financial linkages to RCom.
  • Reliance Power and Reliance Infrastructure shares fell after the CBI searched Anil Ambani’s home in a ₹2,929 crore Reliance Communications fraud case. Both firms said the probe has no impact on their operations, while Ambani denied the allegations, noting the transactions date back over a decade when he was a non-executive director.
  • Anil Ambani and Reliance Communications are under criminal investigation for alleged fraud following State Bank of India complaints, prompting CBI searches at Ambani's Mumbai residence and Reliance Communications offices. Ambani denies all allegations.
  • Following SBI, Bank of India has also declared Anil Ambani, Reliance Communications, and Reliance Telecom accounts as 'fraud' due to loan diversions and non-compliance. BOI's notice, received on August 22, 2025, cites an outstanding loan of Rs 724.78 crore. Previously, SBI and Canara Bank had also classified RCom as fraud for similar reasons.
  • The CBI has searched Anil Dhirubhai Ambani Group premises concerning an alleged bank loan fraud, following an FIR registration. This action follows the ED's questioning of Anil Ambani in a money laundering probe related to loans taken by Reliance Home Finance, Reliance Commercial Finance, and RCom.
  • Reliance Power touched a fresh high of ₹50.08, while Reliance Infra hit ₹303.70. The stocks have jumped 15.7% in three days, fueled by optimism around the group’s renewable energy push and infrastructure pipeline, signaling renewed investor confidence.
  • The Enforcement Directorate (ED) is investigating a ₹17,000 crore loan fraud case involving Anil Ambani's Reliance Group. The ED has questioned several senior executives and sought loan details from about 20 banks. Investigations suggest that Reliance Home Finance and Reliance Commercial Finance allegedly diverted funds to Reliance Infrastructure and Reliance Power.
  • India's market regulator has rejected Anil Ambani's plea to settle charges related to investments in Yes Bank, potentially leading to a Rs 1,828 crore penalty. SEBI alleges Ambani influenced Reliance Mutual Fund's investment in Yes Bank's bonds in exchange for loans to his group companies. The regulator's rejection cites a significant loss of investor wealth and market impact.
  • Anil Ambani's group companies faced a stock plunge. This followed an investigation into a significant bank loan fraud case of seventeen thousand crore rupees. The Enforcement Directorate questioned Anil Ambani. The probe focuses on loans to Reliance Home Finance, Reliance Commercial Finance and Reliance Communications. These loans turned into non-performing assets. Several banks are involved as lenders.
  • Shares of Anil Ambani-led Reliance Infrastructure and Reliance Power experienced a decline amid an ongoing investigation into a suspected Rs 17,000 crore loan fraud. The Enforcement Directorate (ED) questioned Anil Ambani regarding alleged money laundering related to the loan defaults by Reliance Group companies.
  • On Tuesday, the agency questioned Anil Ambani for over nine hours. He has sought seven days to furnish documents pertaining to ED's queries. The agency will summon the 66-year-old industrialist again after recording the statements of the credit committee members of banks that had given loans to his Reliance Group companies, ET reported on Wednesday.
  • For the Salem-Ulundurpet toll road, NARCL has offered ₹280 crore against total debt of about ₹600 crore. The bid for Jaypee Cement stands at ₹270 crore against outstanding debt of ₹2,200 crore. Dalmia Bharat had earlier shown interest in acquiring Jaypee's cement assets.
  • Anil Ambani was questioned by the Enforcement Directorate for over nine hours regarding an alleged ₹17,000 crore bank loan fraud case. The ED has summoned other individuals linked to the Reliance Group, including Amitabh Jhunjhunwala and Sateesh Seth, for questioning. The agency is also investigating the actions taken by banks concerning the non-repayment of loans by Anil Ambani's companies.
  • The Enforcement Directorate has summoned top executives of Anil Ambani's Reliance Group, including Amitabh Jhunjhunwala and Sateesh Seth, for questioning in a ₹17,000 crore loan fraud case. The ED is also set to question bank officials regarding actions taken against Reliance companies that defaulted on loan repayments.
  • The Enforcement Directorate (ED) has intensified its investigation into a Rs 17,000 crore loan fraud involving the Anil Ambani-led Reliance Group, summoning top executives and planning to question bank officials. The probe centers on alleged irregularities in loans extended to Reliance Home Finance, Reliance Commercial Finance, and Reliance Communications.
  • Reliance Power shares declined by 5% to ₹47.58, Reliance Infrastructure decreased by 4.98% to ₹296.15, and Reliance Home Finance shares slipped 4.84% to ₹4.84.
  • The Enforcement Directorate will summon bank officials who sanctioned ₹17,000 crore in loans to Anil Ambani’s Reliance Group as part of a money laundering probe. ED seeks details on credit assessments and actions taken after defaults. The agency recently arrested a director linked to fake bank guarantees issued for Reliance, alleging misuse of funds and forged documents in the case.
  • The Enforcement Directorate (ED) arrested Partha Sarathi Biswal, MD of Biswal Tradelink Pvt Ltd, in connection with an alleged bank loan fraud case involving the Anil Dhirubhai Ambani Group. Biswal is accused of arranging a fake ₹68 crore bank guarantee for a Reliance ADAG firm. ED investigations revealed fraudulent documents and transactions, tracing crores of rupees to undisclosed accounts.
  • Anil Ambani faces a lookout circular after being summoned by the ED in connection with a Rs 17,000 crore loan fraud case. The ED suspects Ambani might flee the country, prompting the action. Simultaneously, searches were conducted on Biswal Tradelink, an Odisha-based company accused of providing a fake bank guarantee to a Reliance Group company, further intensifying the investigation.
  • Enforcement Directorate issued a Look Out Circular against Anil Ambani. This action follows an investigation into an alleged Rs 17,000-crore loan fraud case. The ED had previously conducted searches at multiple locations linked to Reliance Group. The investigation revealed a fake bank guarantee submitted to Solar Energy Corporation of India.
  • Reliance Power and Reliance Infrastructure shares declined following the Enforcement Directorate's summons to Anil Ambani over an alleged Rs 17,000-crore loan fraud. The ED's investigation involves searches at multiple locations and focuses on suspected fund diversions. SEBI has also submitted findings on Reliance Infrastructure's dealings with CLE Pvt Ltd, alleging disclosure violations and related-party transaction breaches.
  • Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged `17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of `10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party.
  • The NCLT replaced Jitender Kothari with Prashant Jain as the resolution professional in Anil Ambani's insolvency case concerning a ₹1,385-crore SBI loan guarantee. This decision followed concerns that Ambani wasn't given sufficient opportunity to provide information due to Covid-related disruptions. While the NCLT found no misconduct, it emphasized the need for close coordination between the debtor and the RP.
  • Reliance Infrastructure shares surged 4.66% after the company announced the conclusion of ED action with no impact on operations, and unveiled a new growth strategy across Defence, Aerospace, and Renewable Energy. The ED probe was linked to decade-old transactions involving RCOM and RHFL, which the company clarified have no financial or business ties with Reliance Infrastructure.
  • Anil Ambani's Reliance Group is pivoting towards defence, power, and clean energy for future growth, emphasizing innovation. This strategic shift follows Enforcement Directorate searches related to alleged financial irregularities. Despite the investigation, Reliance Infrastructure and Reliance Power reaffirm their commitment to expansion, aiming for leadership in defence exports and renewable energy, supported by substantial equity and debt funding.
  • Enforcement Directorate completed its search of Anil Ambani's Reliance Power and Reliance Infrastructure locations. This action relates to an ongoing investigation. The probe concerns alleged money laundering exceeding Rs 24,000 crore. Reliance Power and Reliance Infrastructure affirmed their full cooperation with the Enforcement Directorate. The companies stated they will continue to assist the authority.
  • Enforcement Directorate continues searches of Anil Ambani's Reliance Group companies in Mumbai. The agency recovered documents and computer peripherals. Raids relate to an alleged bank loan fraud case of Rs 3,000 crore. The investigation focuses on illegal loan diversions by Yes Bank to Ambani's companies between 2017 and 2019.
  • Shares of Reliance Infrastructure and Reliance Power plummeted after Enforcement Directorate (ED) raided Anil Ambani's premises concerning a Rs 3,000 crore Yes Bank loan fraud. The ED's investigation revealed irregularities in loan approvals and potential bribery. Both Reliance Infrastructure and Reliance Power deny involvement, stating the probe relates to separate entities with no impact on their operations.
  • Anil Ambani's Reliance Communications has been accused of loan fraud exceeding ₹14,000 crore, according to ED sources. SBI has labelled RCom and Ambani as “fraudulent” under RBI norms and plans to approach the CBI. Canara Bank was also defrauded of over ₹1,050 crore. Authorities are probing undisclosed foreign bank accounts and overseas assets linked to the case.
  • The Enforcement Directorate raided 35 locations linked to Anil Ambani’s Reliance Group in a ₹3,000 crore money laundering probe tied to YES Bank loans. Reliance Power clarified it operates independently of RCom and RHFL, the focus of allegations. The group denied any impact on operations. ED suspects loan diversions, process violations, and bribes to YES Bank officials between 2017 and 2019.
  • The Enforcement Directorate searched multiple locations linked to Anil Dhirubhai Ambani Group. This action is part of a money laundering investigation involving over ₹24,000 crore. The searches covered numerous companies and individuals across India. The probe focuses on financial transactions involving public sector banks and private entities. Irregularities include loan disbursals and diversion of funds.
  • Shares of Reliance Infrastructure and Reliance Power declined after the Enforcement Directorate (ED) conducted searches at premises linked to Anil Ambani. The investigation revolves around an alleged Rs 3,000 crore loan fraud involving Yes Bank, with the ED suspecting money laundering and diversion of funds to shell companies.
  • The Enforcement Directorate raided over 35 premises linked to Anil Ambani’s Reliance Group in a ₹3,000 crore Yes Bank loan fraud probe. ED flagged alleged fund diversion, bribery, and procedural violations. Over 50 firms and 25 individuals are under scrutiny. Reliance Power and Infra distanced themselves, stating no operational impact and no business links to the accused entities, RCOM and RHFL.
  • State Bank of India has labeled Reliance Communications and Anil D Ambani as fraudulent. The bank is preparing to file a complaint with the CBI. This action follows RBI guidelines. SBI's credit exposure to RCom is significant. RCom is currently undergoing insolvency proceedings. A resolution plan awaits NCLT approval. The government is also supporting farmers through credit and insurance schemes.
  • Reliance Power reported a consolidated net profit of Rs 44.68 crore for Q1 FY26, a turnaround from the previous year's loss, despite a 5.3% drop in revenue to Rs 1,885.58 crore. The company's board approved a Rs 6,000 crore fundraising plan and the issuance of debentures up to Rs 3,000 crore.
  • The Reliance Power board has also approved raising up to Rs 3,000 crore through the issuance of secured or unsecured, redeemable non-convertible debentures (NCDs), in one or more tranches, via private placement or other permissible methods.
  • Reliance Infra shares: With the stock trading just below a key resistance level, some technical analysts believe a breakout could pave the way to ₹500, provided momentum sustains and short-term catalysts materialize.
  • Reliance Infrastructure's shares experienced a surge following a three-notch credit rating upgrade by India Ratings and Research, moving from 'IND D' to 'IND B/Stable/IND A4'. This upgrade, driven by the company's significant debt reduction to near-zero with banks and financial institutions, also led to the removal of its 'Default' classification after six years.
  • Canara Bank has withdrawn its order classifying Reliance Communications' loan account, promoted by Anil Ambani, as fraudulent, leading the Bombay High Court to dispose of the case. This action followed Ambani's petition challenging the classification. Separately, SBI has also classified Reliance Communications' loan account as fraudulent, which Anil Ambani has challenged in court.
  • Canara Bank informed the Bombay High Court that it has withdrawn its earlier decision to classify the loan accounts of industrialist Anil Ambani’s bankrupt telecom company, Reliance Communications (RCom), as fraudulent. The bank had accused RCom of misappropriating ₹1,050 crore loaned in 2017, originally meant for capital expenditure and debt repayment, citing non-utilization of funds and inter-company transactions.
  • Anil Ambani appears to be staging a comeback, with the market cap of his two group firms nearly doubling over the past six months following his pivot into sectors that India is actively betting on. But will this resurgence stand the test of time?
  • SBI has classified Reliance Communications' loan account as fraud, citing diversion of funds and misuse of invoices. Anil Ambani's legal team expressed shock, claiming procedural lapses and incomplete information. SBI maintains it followed due process, issuing notices and considering the Supreme Court's directives before the classification. Canara Bank had previously flagged similar concerns.
  • Reliance Communications, once a telecom giant, faced a steep decline due to debt and competition. State Bank of India has now flagged RCom's loan as fraud. Anil Ambani's Reliance group is trying to revive through clean energy and defence ventures. Recent wins in tenders and partnerships signal a potential turnaround. Investor confidence is growing in Reliance Infrastructure and Reliance Power.
  • State Bank of India has flagged Reliance Communications’ long-standing loan as “fraud” and named its former director Anil Ambani to the Reserve Bank of India under regulatory rules. The firm, part of Anil Ambani’s troubled group, says the loans are linked to a time before its insolvency process began in 2019. A resolution plan is pending final approval. SBI acted after the company failed to clarify loan irregularities. Reliance Communications says it will seek legal advice.
  • The Delhi High Court has requested responses from Reliance Infrastructure and Shanghai Sinofinn regarding Aravali Power's petition to enforce a ₹600-crore arbitral award. Aravali Power seeks to recover ₹572.62 crore plus interest, arguing that RInfra hasn't honored the award despite the elapsed period for challenging it. RInfra has challenged the award, alleging violations of natural justice and fundamental principles.
  • Reliance Power is planning a 1,500-MW gas-based power project overseas, bidding on projects in Kuwait, UAE, and Malaysia. The company intends to relocate two 750 MW equipment modules from India, potentially realizing Rs 2,000 crore. With readily available equipment, Reliance Power aims to quickly execute projects in response to high demand for clean energy.
  • Reliance Defence has secured a significant Rs 600 crore export order from Rheinmetall Waffe Munition GmbH of Germany, marking a major step after their strategic partnership. This collaboration aims to bolster India's indigenous defence manufacturing capabilities and position Reliance Defence as a leading exporter. The partnership reflects a commitment to supporting India's defence sector under Prime Minister Modi's leadership.
  • Shares of Reliance Infra surged on Monday after its subsidiary, JR Toll Road Pvt Ltd, finalised a settlement with YES Bank, including interest, through an addendum to their existing agreement.
  • Reliance Infrastructure announced its subsidiary, JR Toll Road Pvt Ltd, has fully settled a ₹273 crore loan, including interest, with Yes Bank. Reliance Infrastructure acted as the corporate guarantor for the loan. This repayment marks a significant step in Reliance Infra's debt reduction efforts, clarifying that Yes Bank holds no equity in the company.
  • Reliance Infrastructure has partnered with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, marking Dassault’s first Falcon assembly line outside France. The facility in Nagpur will cater to corporate and military needs, boost local manufacturing, and generate skilled jobs. This comes alongside a Rs 300 crore capital infusion and a major defence deal with Germany’s Diehl Defence.
  • Reliance Infrastructure's share price surged after Reliance Aerostructure partnered with Dassault Aviation to manufacture Falcon 2000 jets in India, a first outside France. This collaboration, announced at the Paris Air Show, includes establishing a final assembly line in Nagpur.
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Specs stopped selling smartphones. Intelligence is the new benchmark - A breakdown of Google I/O and Apple’s WWDC 2026Specs stopped selling smartphones. Intelligence is the new benchmark - A breakdown of Google I/O and Apple’s WWDC 2026
Woman on first day of new job realises she was never even hired by the company. 'Received a call from HR...'Woman on first day of new job realises she was never even hired by the company. 'Received a call from HR...'
George Clooney's car once broke down. He asked wife Amal for her stockings and used them as a car part to drive back home. How did the Hollywood actor learn car mechanic skills?George Clooney's car once broke down. He asked wife Amal for her stockings and used them as a car part to drive back home. How did the Hollywood actor learn car mechanic skills?
A boring breakfast can make you happier: 5 old-school morning habits inspired by grandparents that modern lifestyles have forgottenA boring breakfast can make you happier: 5 old-school morning habits inspired by grandparents that modern lifestyles have forgotten
‘I am embarrassed...': Ankur Warikoo recalls a career mistake that cost him 9 months of work and added zero value‘I am embarrassed...': Ankur Warikoo recalls a career mistake that cost him 9 months of work and added zero value
Living in a fantasy world? Psychology says it may be your mind's way of coping with pain, emotional distressLiving in a fantasy world? Psychology says it may be your mind's way of coping with pain, emotional distress
Quote of the day by Ray Dalio: 'Pain plus reflection equals progress. I view pain as a signal that I have a problem, which I view as a puzzle to solve that will give me a gem in the form of a great principle.' American investor explains how to succeed in lifeQuote of the day by Ray Dalio: 'Pain plus reflection equals progress. I view pain as a signal that I have a problem, which I view as a puzzle to solve that will give me a gem in the form of a great principle.' American investor explains how to succeed in life
Quote of the day by Mark Ruffalo: 'I was living in a dump. She thought I was a mess, but believed in me and kept encouraging me. I don’t know if I would have made it without her' - A reminder that one person's faith can change your life by The Avengers and Now You See Me actorQuote of the day by Mark Ruffalo: 'I was living in a dump. She thought I was a mess, but believed in me and kept encouraging me. I don’t know if I would have made it without her' - A reminder that one person's faith can change your life by The Avengers and Now You See Me actor
Who is Peter Phillips? Queen Elizabeth’s eldest grandchild marries NHS nurse Harriet Sperling in royal, private ceremonyWho is Peter Phillips? Queen Elizabeth’s eldest grandchild marries NHS nurse Harriet Sperling in royal, private ceremony
Who is Zahara Jolie? Angelina Jolie and Brad Pitt's daughter files to drop her father's surname. Check her education and careerWho is Zahara Jolie? Angelina Jolie and Brad Pitt's daughter files to drop her father's surname. Check her education and career
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