Anil Amabni

The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.

RCom owes a total Rs 571 crore to Ericsson, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore.

Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs 453 crore to Ericsson India within four weeks. The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each....

Finance Minister Arun Jaitley and Commerce and Industry Minister Nirmala Sitharaman are also expected to attend the meeting, which among other things is likely to focus on 'Make in India' campaign and ease of doing business.

Reliance Capital is one of the 26 entities that have submitted their applications to RBI for banking licence.

The Supreme Court has ruled the plea by Anil Ambani and his wife Tina on appearing before a lower court as a witness in connection with the 2G telecom case will be decided by the top court's 2G bench. The date on when the bench will hear the case will be announced later.

Power Minister Jyotiraditya Scindia today said that a power tariff hike by discoms to ride out the losses they are incurring should be the last resort they should be looking at.

Corporate houses interested in setting up new banks, including Reliance and Religare, have begun doing the groundwork after a key Bill was passed in the Lok Sabha last evening.

Reliance Industries chairman Mukesh Ambani on Friday said he expects crude oil to trade at around $100 per barrel in the coming period. On Friday, oil prices fell below $74 a barrel in Asia amid expectations a slower economic recovery in debt-saddled Europe will weigh on crude demand. Analysts say the price of oil is currently fighting a lo...

The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.

RCom owes a total Rs 571 crore to Ericsson, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore.

Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs 453 crore to Ericsson India within four weeks. The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each....

Finance Minister Arun Jaitley and Commerce and Industry Minister Nirmala Sitharaman are also expected to attend the meeting, which among other things is likely to focus on 'Make in India' campaign and ease of doing business.

Reliance Capital is one of the 26 entities that have submitted their applications to RBI for banking licence.

The Supreme Court has ruled the plea by Anil Ambani and his wife Tina on appearing before a lower court as a witness in connection with the 2G telecom case will be decided by the top court's 2G bench. The date on when the bench will hear the case will be announced later.

Power Minister Jyotiraditya Scindia today said that a power tariff hike by discoms to ride out the losses they are incurring should be the last resort they should be looking at.

Corporate houses interested in setting up new banks, including Reliance and Religare, have begun doing the groundwork after a key Bill was passed in the Lok Sabha last evening.

Reliance Industries chairman Mukesh Ambani on Friday said he expects crude oil to trade at around $100 per barrel in the coming period. On Friday, oil prices fell below $74 a barrel in Asia amid expectations a slower economic recovery in debt-saddled Europe will weigh on crude demand. Analysts say the price of oil is currently fighting a lo...