anil Ambani

Shares of Reliance Group companies tumbled up to 10.3 per cent today after the Supreme Court held RCom chairman Anil Ambani guilty of contempt of court for wilfully violating its order and not paying Rs 550 crore dues to telecom equipment maker Ericsson.

In a big setback for Anil Ambani, the Supreme Court today held Reliance ADAG chairman guilty of contempt. Pleas were filed by telecom equipment maker Ericsson for not clearing its dues of Rs 550 crore.

Anil Ambani-led Reliance Group has reached a ‘standstill agreement’ with more than 90 per cent of its lenders under which they will not sell any of the shares pledged by promoters till September.

Congress president Rahul Gandhi hit out at the Modi government, saying that while it waived loans worth Rs 3.5 lakh crore of select industrialists such as Anil Ambani and Vijay Mallya.

The Supreme Court on Wednesday reserved its verdict on Ericsson India’s plea seeking contempt action against Reliance Communications Ltd chairman Anil Ambani and two others for non-clearance of its Rs 550-crore dues.

So, the CAG will “save” Rafale-hit Prime Minister Narendra Modi. Monday, the CAG’s report on Rafale was handed to President Ramnath Kovind. It was to be tabled in Parliament on Tuesday.

Rahul Gandhi seems to believe that Rafale is his ticket to 7 Lok Kalyan Marg (earlier 7 Race Course Road). Not a day passes without him uttering yet another half-backed charge or a plain lie to embellish his case.

Advocate and Congress leader Kapil Sibal found himself on both sides of the fence on Tuesday. He was defending Anil Ambani in court as a senior lawyer, on the same day he was attacking the industrialist on the Rafale controversy outside.

Truth is always a casualty in any slugfest. As the war of words intensified between the Congress and the ruling BJP, Rahul Gandhi on Tuesday accused Prime Minister Modi of treason and sought his arrest under the Official Secrets Act.

Mumbai: The NCP on Tuesday alleged that industrialist Anil Ambani negotiated the Rafale contract on behalf…