State Bank of India has classified Reliance Communications along with promoter director Anil D Ambani as 'fraud' and is also in the process of lodging complaint with CBI, Parliament was informed on Monday. The entities were classified as fraud on June 13, 2025 in accordance with the RBI's Master Directions on Fraud Risk Management and Bank's Board-approved Policy on Classification, Reporting & Management of Frauds, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. "On June 24, 2025, the bank reported classification of fraud to RBI, and is also in the process of lodging complaint with CBI," he said. Further, on July 1, 2025, as part of disclosure compliance, Resolution Professional of RCom informed the Bombay Stock Exchange regarding fraud classification by the bank. The credit exposure of SBI in RCom includes, fund-based principal outstanding amount of Rs 2,227.64 crore along with the accrued interest and expenses with effect from August 26, .
Reliance Defence to invest ₹10,000 crore in aerospace over 10 years; aims to build India's first commercial aircraft by 2028 and expand Falcon jet assembly in Nagpur with Dassault
The Supreme Court on Thursday refused to halt the Special Intensive Revision of electoral rolls in Bihar but questioned its timing of being done just months ahead of Assembly elections.
The case relates to a loan account linked with Ambani's firm Reliance Communications, which is undergoing insolvency proceedings
SBI tags Reliance Communications' loan as fraud citing irregularities and fund misuse before CIRP and reports Anil Ambani to RBI as per central bank's compliance norms
Karnataka CM Siddaramaiah said that he will serve the full 5-year term as chief minister, giving a strong message to party loyalists backing deputy DK Shivakumar for the post of chief minister.
Dassault Aviation and Reliance Aerostructure will manufacture Falcon 2000 business executive jets in India for the global markets
Reliance Defence and Diehl Defence tie up for local production of 155 mm guided munitions in Ratnagiri, with Rs 5,000 crore investment planned over five years
MMOPL has been operating Mumbai's first metro line between the Versova-Andheri-Ghatkopar Corridor -- which recently completed 11 years of operations
Retail investors hold nearly 48.61 per cent stake in Reliance Power as on May 7, 2025, the exchange data shows
Technical chart suggests that these 2 Anil Ambani group shares - Reliance Infrastructure and Reliance Power can potentially rally another 25% from here on; here are the key levels to watch out for.
Shares of Reliance Power rallied 8% to ₹62.80, its highest level since January 2018 on the BSE in Monday's intra-day trade in an otherwise weak market.
Reliance Infrastructure has moved higher by 11% to ₹347.65 on the BSE in Friday's intra-day trade amid heavy volumes, trading close to its 52-week high level
Reliance Infra's stock was quoting at ₹288.75, down 5.5 per cent compared to previous session's close of ₹305.45 on the NSE
Reliance Power and Bhutan's Druk Holding to jointly develop a 500 MW solar plant in a ₹2,000 cr BOO-model venture, marking the biggest private FDI in Bhutan's solar sector
Reliance Power has allotted 10.55 crore shares to Reliance Infra and Basera Home Finance after early warrant conversion, boosting its clean energy expansion
Reliance Power's NU Suntech secures SECI contract to develop Asia's largest single-site solar-plus-battery project, with Rs 10,000 crore investment and 930 MW capacity
CPL's assets of Rs 5,777.13 crore stand assigned or transferred to R-Infra
Industrialist Anil Ambani, along with his wife, former actor Tina Ambani, visited Prayagraj for the ongoing Mahakumbh.
Billionaire industrialist Gautam Adani described former Manmohan Singh as "a rare leader who spoke softly but achieved monumental strides through his actions"