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R-Power gets HC stay on Krishnapatnam penalty
The Anil Ambani-owned Reliance Power (R-Power) has got a stay from the Delhi High Court against a notice for penalty of Rs 400 crore by the procurers of power from its Krishnapatnam ultra mega power project (UMPP) in Andhra Pradesh. In a statement, R-Power said, “On a petition by Reliance Power, the Delhi High Court has passed an order on March 20, directing that no coercive steps shall be taken

Mukesh to rejig personal investment

Mukesh Ambani, chairman of Reliance Industries (RIL), is planning a restructuring of his personal investment by setting up a holding company called Reliance Industries Holding Pvt Ltd. This would be

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Reliance Comm unit files papers for $1.5 bln IPO - paper

Flag Telecom, controlled by billionaire Anil Ambani's Reliance Communications , has filed initial papers on the Singapore Stock Exchange to raise up to $1.5 billion through an initial public

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FLAG Telecom to list, divest 75% for $1.25-1.5 bn

Reliance Communications-controlled FLAG Telecom has filed a prospectus in the Singapore Stock Exchange to list and divest 75 per cent stake in the submarine cables business for $1.25-1.5 billion

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Bhupesh Bhandari: Akhilesh's bumpy ride

Akhilesh Yadav, all of 38, was sworn in as Uttar Pradesh’s youngest-ever chief minister on Thursday. The function was attended by businessmen Anil Ambani, Sanjay Dalmia and Subrata Roy,

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Anil Ambani's PE firm picks up 13.7% in Butterfly

The Anil Ambani-led Reliance Alternative Investments Fund, managed by Reliance Equity Advisors, has picked up a 13.7 per cent stake in Butterfly Gandhimathi Appliances Ltd (GAL) for around Rs 100

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