#ANIL AMBANI

[thebillionaireinsider]

A Strategic Partnership Forged in Green Energy and Regional Significance

Anil Ambani's Reliance Infrastructure and Reliance Power have solidified a significant strategic partnership with the Kingdom of Bhutan, embarking on a transformative journey to develop major renewable energy projects. This ambitious initiative is poised to attract investments exceeding $1 billion, signaling a robust commitment to sustainable development in the region.

The partnership, executed through their newly established subsidiary, Reliance Enterprises, will focus on two key projects: the construction of Bhutan's largest solar photovoltaic plant, boasting a 500 MW capacity, and the development of the 770 MW Chamkharchhu-1 hydroelectric project. These ventures represent a substantial leap in Bhutan's renewable energy infrastructure, contributing significantly to its energy independence and environmental goals.

Bhutan holds strategic importance for India, serving as a vital buffer state between India and China. Recognizing this, the Indian government has extended its blessings to the Reliance Group's initiative, underscoring the project's geopolitical significance. The development of these power projects will not only strengthen Bhutan's energy security but also enhance regional stability.

Reliance Infrastructure has forged a strong alliance with Druk Holding and Investments Ltd (DHI), the commercial arm of the Bhutanese government, to ensure the successful implementation of these projects. This partnership leverages the strengths of both organizations, combining Reliance's expertise in energy infrastructure with DHI's deep understanding of Bhutan's market and regulatory landscape.

Beyond energy generation, Reliance Enterprises will also play a pivotal role in modernizing Bhutan's energy infrastructure. This includes the implementation of advanced smart distribution and metering systems, enhancing grid efficiency and reliability. These systems will facilitate better energy management, reduce transmission losses, and empower consumers with real-time energy consumption data.

The 500 MW solar plant, located in Gelephu Mindfulness City, will be constructed in two phases of 250 MW each, with a target completion within the next two years. The Chamkharchhu-1 hydroelectric project, utilizing Bhutan's concession model for run-of-the-river plants, will harness the country's abundant water resources to generate clean, reliable hydropower.

[rightnewshindi]

सेबी ने अनिल अंबानी समेत 24 अन्य संस्थाओं पर लगाया बैन, पांच साल के लिए शेयर मार्केट से किया बाहर

SEBI News: शेयर बाजार नियामक सेबी ने उद्योगपति अनिल अंबानी, रिलायंस होम फाइनेंस के पूर्व प्रमुख अधिकारियों सहित 24 अन्य संस्थाओं को कंपनी से धन निकालकर डायवर्ट करने के कारण पांच साल के लिए प्रतिभूति बाजार से प्रतिबंधित कर दिया है। सेबी ने अनिल अंबानी पर 25 करोड़ रुपये का जुर्माना लगाया है और उन्हें 5 साल की अवधि के लिए किसी भी सूचीबद्ध कंपनी, या बाजार नियामक के साथ पंजीकृत किसी भी मध्यस्थ में…

[lyricsolution-com]

Inside Ambani Family's Heartfelt Reception Of Anant-Radhika's Wedding For Loyal Employees | People News

Mumbai: Held on July 15 at the Jio World Convention Centre in Mumbai, the reception was a testament to the Ambani family’s appreciation for their dedicated team. Reliance Industries Chairman Mukesh Ambani said, “Jai Shri Krishna, welcome to all of you. This is the last celebration of Anant and Radhika’s wedding ceremony, but for me this is the most important celebration.” The employees and…

[arunparia]

Money Poem – 1

Who lives without money? Even a beggar who lives under a city flyover does not.  His alms are money/money-equivalent.  Otherwise, he starves. 

On the other hand, one Anil Dhirubhai Ambani, once the sixth richest man  in the entire world, pleaded in a London court that he had become bankrupt. Not a single penny in his name.

My God! Where does he live now?  In an iron shade under a flyover? Does he starve?

[pniindia]

Anil Ambani की कंपनी का शेयर अचानक बना रॉकेट, बाजार खुलते ही लगी 12% की छलांग

शेयर बाजार (Stock Market) ने देश में प्रधानमंत्री नरेंद्र मोदी के नेतृत्व में नई सरकार बनने के बाद सप्ताह के पहले कारोबारी दिन बढ़िया शुरुआत की साथ ही शुरुआत के साथ उसने एक नया इतिहास रच दिया. दरअसल, पहली बार बीएसई का ��ेंसेक्स (Sensex) 77,000 के आंकड़े के पार निकल गया, वहीं बात करें अगर निफ्टी (Nifty) की तो निफ्टी भी 23,411.90 के नए ऑल टाइम हाई पर पहुंच गया है. अडानी से लेकर अंबानी तक की कंपनियों के शेयरों में बाजार में इस तेजी के बीच तेजी देखने को मिली. आपको बतादें की इन सब के बीच अनिल अंबानी (Anil Ambani) की एक कंपनी का शेयर 12 फीसदी तक पहुँच गया है.

रिलायंस इंफ्रा का बढ़ा मार्केट कैप

जोरदार शुरुआत के साथ ही Anil Ambani का शेयर लगातार बढ़त के साथ अपना कारोबार कर रहा है. हालांकि, इसकी रफ्तार सुबह 10.45 बजे पर कम जरूर हुई है, पर तब भी 184.66 के लेवल पर 10.07 फीसदी या 6.90 रुपये की बढ़त के साथ ये इस वक्त ट्रेड कर रहा है. 308 रुपये Anil Ambani के इस स्टॉक का 52 वीक का हाई लेवल है, लेकिन 134.75 रुपये इसका लो-लेवल है. इसके मार्केट कैपिटलाइजेशन (Reliance Infra Market Cap) पर भी कंपनी के शेयर में आई तेजी का असर पड़ा है और 7340 करोड़ रुपये ये अब हो गया है.

12 फीसदी मार्केट खुलते ही उछल गया शेयर

सोमवार को Anil Ambani की कंपनी रिलायंस इंफ्रास्ट्रक्चर का शेयर रॉकेट बना दिखाई दे रहा है. उनकी कंपनी का शेयर अपने पिछले बंद 168.20 रुपये की तुलना में इस बार बाजार की जोरदार शुरुआत के साथ ही उछलकर 175.00 रुपये के लेवल से ओपन हुआ, साथ ही ये तूफानी कुछ ही मिनटों के कारोबार के दौरान 192.07 रुपये के स्तर तक पहुंच गया. बतादें कि इसमें 12 फीसदी से अधिक की तेजी कुछ ही समय में आ गई. इसके अलावा आपको बतादें कि अपने निवेशकों को Anil Ambani की कंपनी ने अवधि में लगभग 14 फीसदी का रिटर्न दिया है.

[zoopupofficial]

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[thebillionaireinsider]

Anil Ambani’s Renewed Industrial Focus on Nellore: Reviving Investment Plans in Andhra Pradesh

Anil Ambani, Chairman of Reliance Group, has recently renewed his focus on Nellore, Andhra Pradesh, with plans to establish significant industrial projects in the region. This move underscores his commitment to contributing to the state's economic development and leveraging Nellore's strategic advantages.

In 2007, the Andhra Pradesh government allocated approximately 2,700 acres of land to Reliance for industrial development, including the Coastal Energy Project, in the Krishnapatnam area of Muthukur mandal, Nellore district. However, the project faced delays, leading to discussions about Reliance Power's potential exit from the proposed Ultra Mega Power Project (UMPP) at Krishnapatnam. Despite these challenges, the allocated land remained under Reliance's purview. citeturn0search2 Recent Developments and Renewed Interest.

In January 2025, Anil Ambani visited Krishnapatnam to inspect the lands previously allotted to Reliance. Accompanied by company representatives and Nellore Joint Collector Karthik, Ambani assessed the site's potential for future industrial endeavors. citeturn0search2 Reports indicate that Reliance Power is planning to invest over ₹10,000 crore in Andhra Pradesh, focusing on renewable energy projects. This investment includes a 930 MW solar power plant and an integrated solar manufacturing facility, marking one of the largest such projects in Asia. The initiative is expected to generate approximately 6,000 jobs during its construction phase. citeturn0search9 Strategic Significance of Nellore.

Nellore's strategic location, with proximity to Krishnapatnam Port, offers logistical advantages for large-scale industrial projects. The region's infrastructure and access to maritime facilities make it an ideal choice for Reliance's planned ventures. Future Prospects.

While specific details about the exact nature of the projects in Nellore are awaited, Anil Ambani's recent site inspections and the company's substantial investment plans signal a renewed commitment to the region. The focus on renewable energy aligns with global trends towards sustainable development and reflects Reliance Power's strategic direction.

In conclusion, Anil Ambani's plans in Nellore represent a significant step towards industrial development and economic growth in Andhra Pradesh. By leveraging Nellore's strategic advantages, including its proximity to Krishnapatnam Port and existing infrastructure, Reliance Power aims to establish a robust presence in the region.  

Impact on Employment and Economy The proposed ₹10,000 crore investment is expected to generate thousands of direct and indirect employment opportunities, boosting the local economy. With approximately 6,000 jobs anticipated during the construction phase alone, the initiative will provide a much-needed economic stimulus to the region. Additionally, ancillary industries, such as logistics, supply chain management, and local businesses, are expected to benefit from increased industrial activity.   Beyond job creation, the renewable energy projects will contribute to India's green energy goals, reducing carbon emissions and promoting sustainable industrial growth. By setting up one of Asia’s largest integrated solar manufacturing facilities, Reliance Power aims to strengthen India’s position as a leader in solar energy production.  

Challenges and Way Forward While Anil Ambani's renewed focus on Nellore presents significant opportunities, certain challenges must be addressed. Ensuring regulatory clearances, securing financial backing, and maintaining a steady project timeline will be crucial for the successful implementation of these initiatives. However, with government support and a clear strategic vision, these challenges can be effectively managed.   Furthermore, the long-term success of these projects will depend on the efficient execution of infrastructure development, availability of skilled labor, and continued policy support from the Andhra Pradesh government.   

Anil Ambani’s latest visit to Nellore and Reliance Power’s proposed investments mark a major step in Andhra Pradesh’s journey towards becoming a renewable energy hub. By focusing on large-scale solar energy projects and leveraging the region’s industrial potential, this initiative not only aligns with India’s green energy ambitions but also contributes to local economic growth.   With an emphasis on sustainable development and innovation, Anil Ambani’s renewed commitment to Nellore signals a promising future for both Reliance Power and the state of Andhra Pradesh. If executed successfully, these projects could set a precedent for large-scale industrial investments in the region, paving the way for long-term economic transformation.

[digitaldetoxworld]

Anil Ambani: Navigating Success and Challenges in India's Business Arena biography and career achievements

Anil Ambani biography and career achievements is an Indian businessman and a distinguished determine in the u . S .'s company global. Born on June 4, 1959, he is the more youthful brother of Mukesh Ambani, the chairman and biggest shareholder of Reliance Industries. Anil Ambani is known for his role inside the Reliance Group, a conglomerate that spans a couple of sectors along with telecommunications, electricity, infrastructure, and monetary services. His adventure inside the commercial enterprise global is marked by using both sizable achievements and extraordinary challenges.

Early Life and Education

Impact of Anil Ambani’s leadership on Reliance Jio turned into born into a own family with a robust business background. His father, Dhirubhai Ambani, based Reliance Industries in 1966, which might develop to come to be certainly one of India's largest conglomerates. Anil Ambani pursued his education at Mumbai's well-known Kishinchand Chellaram College, where he earned his degree in Commerce. He then went on to study at the Wharton School of the University of Pennsylvania, where he acquired an MBA.

Career Beginnings and the Formation of Reliance Anil Dhirubhai Ambani Group

Anil Ambani role in transforming Indian telecommunications sector"started out his career operating in the own family enterprise, studying the intricacies of dealing with a big business enterprise. In 2002, following the death of Dhirubhai Ambani, the Reliance Group turned into divided among Anil and Mukesh Ambani. Anil Ambani obtained manage of the newly fashioned Reliance Anil Dhirubhai Ambani Group (ADAG), which turned into hooked up to handle a number of industries.

Under Anil's management, ADAG improved rapidly into numerous sectors. The institution varied into telecommunications, with the release of Reliance Infocomm (now Reliance Jio). This mission revolutionized the Indian telecom region with its aggressive pricing and vast network coverage. It is vision helped position Reliance Jio as one of the leading telecommunications groups in India, gambling a vital function in making records services greater affordable and on hand to tens of millions of Indians.

Expansion into Power and Infrastructure

In addition to telecommunications, focused on strength technology and infrastructure improvement. Reliance Power turned into hooked up to faucet into the growing energy needs of India. The business enterprise undertook numerous ambitious projects, which include the improvement of coal-based electricity flowers and different power resources. Reliance Infrastructure, another arm of ADAG, centered on infrastructure development, inclusive of roads, airports, and metro structures.

These ventures have been part of Anil Ambani’s broader imaginative and prescient of contributing to India’s monetary increase by means of addressing critical infrastructure and electricity needs. His strategy concerned making an investment in big-scale tasks and leveraging the organization’s economic energy to power improvement throughout various sectors.

Financial Challenges and Restructuring

Despite the preliminary achievement, Anil Ambani and the ADAG confronted good sized economic challenges in the later years. The organization’s formidable growth brought about high ranges of debt, and international economic downturns impacted its operations. The corporation's financial troubles have been compounded via growing hobby quotes and economic slowdowns.

By the mid-2010s, ADAG became grappling with widespread debt and financial stress. This situation led to a sequence of restructuring efforts, along with asset income and attempts to renegotiate debt phrases. The institution struggled to maintain its previous boom trajectory, and several of its projects confronted delays and value overruns.

They monetary difficulties have been in addition exacerbated by using criminal and regulatory demanding situations. The organization turned into involved in diverse legal battles, which include issues related to company governance and regulatory compliance. These challenges affected the overall belief of ADAG and its monetary balance.

Legacy and Impact

Despite the economic problems, Anil Ambani’s contributions to India's business landscape remain noteworthy. His position in transforming the telecommunications area with Reliance Jio is a massive success. The creation of lower priced information offerings has had a profound impact on India's virtual economy, contributing to accelerated internet penetration and digital inclusion.

In the infrastructure quarter, ADAG’s investments in roads, electricity, and metro systems have contributed to the improvement of crucial infrastructure in India. These tasks have had a long-lasting effect on city development and financial boom in diverse areas.

It philanthropic efforts are also really worth mentioning. The Anil Dhirubhai Ambani Foundation, hooked up via the Ambani family, has been concerned in diverse charitable sports, which include education, healthcare, and catastrophe comfort. The foundation’s initiatives purpose to cope with social problems and support underprivileged groups.

Recent Developments and Future Outlook

In current years, Anil Ambani and the ADAG have endured to awareness on restructuring and realigning their commercial enterprise operations. The organization has sought to streamline its portfolio, divesting from non-center assets and focusing on key areas of increase. Efforts to reduce debt and enhance monetary balance continue to be a concern.

Financial challenges faced by Anil Ambani’s Reliance Anil Dhirubhai Ambani Group The broader monetary and enterprise surroundings in India, such as authorities rules and marketplace traits, will play a vital function in shaping the future of ventures. As the Indian financial system continues to conform, opportunities and demanding situations will emerge, influencing the strategic path of the Reliance Anil Dhirubhai Ambani Group.

[nghubs1]

ANIL AMBANI BIOGRAPHY, EDUCATION, CAREER, CONTROVERSIES AND NET WORTH

Anil Dhirubhai Ambani, born on June 4, 1959, is an Indian businessman and the chairman and managing director of the Reliance Group, also known as Reliance ADA Group. ANIL AMBANI PROFILE NameAnil Ambani Real NameAnil Dhirubhai Ambani Date of Birth 4 June 1959Age65 yearsNationalityIndian OccupationBussinessmanReligionHinduMarital StatusMarriedNet Worth$1BillionCopied fromContents101.com ANIL…

[jayprakashraj]

The Downfall Of Anil Ambani: How Anil's Reliance Communication got out of the market? | Raj Express

Mukesh Ambani's younger brother, Anil Ambani, owes around 40 thousand crore rupees. This debt is attributed to the downfall of Reliance Communication, which was once India's most popular telecom company. Today, the company is nearly non-existent. The story involves various financial challenges and changes in the telecom industry landscape.

[youremyheaven]

there’s a super rich indian couple that is going to get married or maybe they already did, cus it’s been 2 weeks ppl are talking about it 😭😭😭😭

i have no idea who they are but i don’t think they’re celebrities…they are heirs of something🫢

👀👀👀what does the indian media say about them?

it’s anant ambani and radhika merchant 👀👀👀👀

Mukesh Ambani is the richest person in Asia with a net worth of $113 billion 💀

Anant Ambani is his youngest child

Obviously the whole family is famous for being rich but in the last decade or so, they've attracted more attention in the media for their extravagant parties, weddings etc and their tendency to bring out celebrities from India and abroad for these things (Beyonce performed at his daughter's wedding, Rihanna at his son's pre wedding ceremony etc)

Nita Ambani, Mukesh Ambani's wife is thought to be the mastermind behind this (she's Swati Moon and def lovesssss to be immersed in the material world). She was an ordinary school teacher when she married Mukesh in the 80s. The Ambanis are kinda like the Rockefellers of India but they weren't as rich in the 80s as they are today, with major stakes in every industry (esp telecom). Nita was strictly middle class and unused to living a life of luxury. Mukesh's younger brother Anil Ambani, who at the time was more successful and married to a Bollywood actress, Tina Munim (now Tina Ambani) would throw these parties with Tina and invite all these celebrities since those were Tina's friends and colleagues and Nita (according to popular lore) would get very jealous because she wasn't as glamorous as Tina and being a school teacher, she felt out of place etc at these functions. Moreover being the elder daughter in law meant she had more responsibilities esp since her marriage was an arranged one and Tina & Anil had a love marriage.

Cut to a few decades later. Her father in law passed away. Anil Ambani went bankrupt and Mukesh got richer and richer 🤑🤑🤑and finally Nita could shine. There began all this tacky extravaganza. She's just making up in old age for all the partying and celebrity shoulder brushing that she didn't get to do when she was younger. She was once an out of place school teacher but now she's the wife of the richest man in Asia, so she can pull her weight differently.

All of these media shenanigans are said to be her idea as Mukesh is known for being a very simple guy (he's Ashwini Moon) who's obsessed with his wife and will do anything for her.

Since this is the last Ambani wedding of this generation, they're kinda going all out for it. For the last 6 months they've been hosting various "pre-wedding rituals" and now last week, they finally got married.

The name Ambani in India is synonymous with wealth, we just think they're crazy rich people with nothing better to do than hire celebs as their show monkeys lol

[sonalirichard]

💙😱💜 Namaste , Dearest Amit ji ♥️

I appeal to you with a Desperate & Sincere Plea 💝🙏

Please give your Precious Attention to Me & my Life 🙏

Now I am on the Verge between Life and Death 🤍🖤,

I no longer have a House and a Roof over my head ,

I survive almost in Street Conditions , where Winter Weather & Terrible Cold have now

set in‼️

I"ve even been in the Hospital , with the consequences of Frostbite & Hunger , Stress

& Suffering that I had to go through because of the Insane so-called "Relatives" who deprived me of my Home , robbed me , and poisoned my Life with their Envy , Greed , Hatred , Meanness and Evil 💦 🥶 😱 ...

The doctors said that I had a very serious Health Condition , and that without a Roof over my head , on the Street , in Cold and Unbearable Conditions , I would not Survive and

I"m going to die‼️

And this is the real Truth‼️

🕉 🙏♥️🙏 🕉

I URGENTLY NEED SUPPORT & HELP‼️

ONLY BUYING & FINDING A NEW HOME WHERE I CAN MOVE ~ CAN SAVE ME & MY LIFE 🏡 😇 ✈

AND WITHOUT HELP & A NEW HOUSE ,

"RIP" ☠ WILL BE WRITTEN EVERYWHERE INSTEAD OF MY NAME 🥸

I"m already physically dying , and only God knows how many days or hours I have left to live ...

🔮 Remember how Mr . Anil Ambani Helped you with Money 💰 and in a friendly way Saved you from Bankruptcy , Debts , and the most Difficult Situation in your Life 🙏🙏🙏

And what would have happened to you if your Savior hadn"t given you a helping Hand ⁉️

You think that everyone should help you , but you don"t want to Help anyone , even as a Sign of Gratitude

To GOD , for his Blessings , HELP & Salvation that You have received in Your Life ...

Man"s obsessive & insane Selfishness always has Consequences & Heavy KARMA 💜

💎 I cannot believe that it is Difficult and Pitiful for you to show KINDNESS , GENEROSITY & SINCERE PARTICIPATION in the Cause of my Salvation 💯

BY HELPING ME & SAVING MY LIFE ~ YOU SHOW YOUR LOVE FOR GOD 🕉

AND GOD 🕉 WILL CERTAINLY REWARD YOU FOR YOUR CHARITY , COMPASSION & HELP TO ME , GIVING & INCREASING YOUR WEALTH & PROSPERITY ... Believe me , the Laws of the Universe have been working like this for thousands of years 🕉 🔥🌹🔥 🕉

Don"t you know this or don"t you want to

understand it ⁉️

It"s Elementary ~ giving and helping , you get a thousand times more‼️

🙃 Selfishness , Greed & Envy , Indifference &

Lack of Spirituality sooner or later , one day completely block All Money 💰 Channels , Sources of Abundance & Prosperity‼️

💚💯💚 The most Important Thing is being decided now ~ Will I Live or Die ...

💰🏫🏤🏩💲

Look ~ Your Luxurious JALSA House is Worth more than INR 120 Crores ...

And in order for Me to be saved & find a New Roof over my head , I urgently need to Buy a New House 🏡 ~ Apartment , and it Costs only

💲100 ~ 200 Thousands ...

✅ 🙏 💰 If You are pity to give this small Amount to Save My Life ,

then Contact

the Ambani Family

or Other Benefactors , Who will care about MY LIFE and Who will be able to Save Me as soon as possible 🙏🌿🙏🌿🙏

It"s absolutely does not matter to Me Where to Move to a New House , to Moscow or to India 🦚 🇮🇳 🌴,

the Main Thing is that it must be done URGENTLY‼️

WHILE I"AM STILL ALIVE 🕉 🕉 🕉

I didn"t find any HELP in Russia 😢, although I searched a lot & for a long time‼️

💯 As a Last Resort ~ You can send me a Ready~made

Air Ticket to India , or Money for a Visa and a Ticket ~ then I will come & settle in some ASHRAM to die there 🙏🪔...

I am afraid to die here , in the terrible Cold , where I suffered a lot and was absolutely unhappy 😱 💦 🥶

I want to end my Life in a Beautiful Place in India🌹...

🔥🙏🔥 Amit ji , if You don"t answer Me with your Decision on My Salvation , in the next 3 Days ~

This will mean that You have finally Left me to die , and I will only have to put an end to my Life , because I do not see a Way out of this Nightmare , and there is no point in continuing to Hope for Salvation , because there are practically no Good and Kind People on this Crazy Planet Earth 💔🔥💦🔥💔

😇 If You Ignore this Letter and keep Silent , don"t Answer me , and don"t Help me ~

I won"t be Alive anymore

for a few days ...

🌳💝🏆 I really want to Live the most , but everyone around me wants to destroy me , apparently I no longer have a Future , and my Dreams will fly away with me to Heaven 🕊...

🎶💜🎶 Dearest Amit ji ♥️, I beg You , take the time for Me , Write or Call me , and Save Me for the sake of God and all that is Holy 🎁 🙏 🕉

Show your Personal Participation in my Salvation 🙏 ,

I BEG YOU ♥️ with every Cell of My Being 🕉 🙏 🆎️ ...

I sincerely hope for your Mercy , Compassion and Kindness 🕉

Don"t let me Die , Give me your Saving Helping Hand & Set me Free , I BEG YOU ... 🎶 🙏🙏🙏🙏🙏 🎶

I am waiting for your Prompt Message or Call 🔔

🦚🦋🦚 My Contacts are for You :

Miss . SONALI RICHARD ♥️

My Phone 📲 :

7 920 091 69 65 { Calls , Sms } 👑

7 920 897 19 89

{ WhatsApp , Viber , Telegram , Skype } 💎

My E~Mail :

mj_love9@mail.ru

📲 ♥️ 🎁🏆✅

My Precious Amit ji 👑 , try to Write or Call me in the next 3 days , please 🙏

I swear to God ,

I feel very bad , and I could die at any moment 💧💦💧...

I BEG YOU AGAIN , AGAIN & AGAIN ~

SUPPORT ME , HELP ME & SAVE ME URGENTLY , PLEASE , MY BELOVED MARD , TIGER 🐯 , SHAHENSHAH ♥️

🕉 🙏 🕉 🙏 🕉

With Love 💘

Your Angel SONALI ♥️😇🎶 🕊🌈 🐼🐈

[nifty11]

Read the Captions for more Details

Reliance Power’s Standalone Debt-Free Status Attracts Bullish Investors

Stock market experts note that Anil Ambani-owned Reliance Power has become debt-free on a standalone basis. This operational improvement has caught the attention of bullish investors, leading to increased interest in its shares. Experts suggest the stock, which recently broke out at ₹28, could potentially reach ₹36 per share soon.

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Disclaimer: All posts by @nifty11_official are for educational purposes and do not promote any specific stock. Conduct your own research before making any financial decisions. Nifty11_official is not responsible for any financial decisions made by you.

[news-venue]

Anil Ambani's wife Tina appears before ED in FEMA case

The investigation against the couple pertains to the possession of certain alleged undisclosed assets abroad and the linked movement of funds, the sources said.

MUMBAI: Tina Ambani, the wife of Reliance ADA Group Chairman Anil Ambani, on Tuesday appeared before the Enforcement Directorate (ED) here for questioning and recording her statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said.

Anil Ambani recorded his statement in the case on Monday under sections of the Foreign Exchange Management Act (FEMA) and he is expected to appear before the federal agency again later this week for completion of the exercise.

The investigation against the couple pertains to the possession of certain alleged undisclosed assets abroad and the linked movement of funds, the sources said.

Anil Ambani’s alleged links to some offshore companies based in Jersey, the British Virgin Islands and Cyprus are under the probe scanner of the ED.

He had been questioned by the agency in 2020 in a money laundering case against Yes Bank promoter Rana Kapoor and others.

In August last year, the income-tax department issued a notice to Anil Ambani under the anti-black money law for allegedly evading Rs 420 crore in taxes on undisclosed funds of more than Rs 814 crore held in two Swiss bank accounts.

The Bombay High Court in March ordered an interim stay on this I-T show-cause notice and penalty demand.