Amid an intense selling pressure in the stock market, the two Reliance groups headed by Mukesh and Anil Ambani have seen their respective market values skid by about Rs 10,000 crore each in a week's time. ...
03:50 PM, Mar 24, 2013
New Delhi: The Inter-Ministerial Group (IMG) on coal blocks allocations will submit its report to the Coal Ministry of India on Monday as its three-day review of 29 private sector allottees, including Jindal Steel and Power and others in which relatives of politicians held positions, have concluded. "All the coal blocks on agenda for three days (September 6-8) have been reviewed," Zohra Chatterji, Additional Secretary in the Coal Ministry who...
10:44 AM, Sep 10, 2012
The all-too-familiar political blame game has begun following the CAG reports that said that losses worth lakhs of crores of rupees were caused to the national exchequer by the Centre. ...
08:48 AM, Aug 18, 2012
New Delhi: The spectre of corruption has come back to haunt the Congress-led United Progressive Alliance Government once again with the Comptroller and Auditor General coming down heavily on the Centre for its "flawed" policy on coal blocks allocation, Delhi international airport and power projects. As soon as the three CAG reports were tabled in Parliament on Friday, the Opposition took up the issue vociferously to corner the UPA Government...
03:55 PM, Aug 17, 2012
Mumbai: Shares in Reliance Power fell more than 6 per cent on Friday after the CAG said the company unduly benefited from a government decision allowing the power producer to use surplus coal from its captive block for another project it was not meant for. Reliance Power, controlled by billionaire Anil Ambani, is developing a 4000 MW project at Sasan in Madhya Pradesh and was allotted captive blocks to fuel...
02:53 PM, Aug 17, 2012
New Delhi: Reliance Power on Friday reacted to the CAG report on UMPPs or Ultra Mega Power Projects that said that the company had benefited in the Sasan Ultra Mega Power Project, the country's first domestic, coal-based project. "CAG's observations don't factor in the looming coal crunch," it said, adding that it got surplus coal only via use of advance technology and that the Empowered Group of Ministers (EGoM) ratified...
02:33 PM, Aug 17, 2012
New Delhi: The CAG report on Ultra Mega Power Projects (UMPP) on Friday said that Reliance Power and Tata benefited in the Sasan Ultra Mega Power Project, the country's first domestic, coal-based project. It said that the government gave Reliance Power the permission to use excess coal from three blocks allocated that had been allocated for the power project and that this was not only a violation of the bidding...
01:31 PM, Aug 17, 2012
New Delhi: CAG reports on the privatisation of the Delhi airport, ultra mega power projects and coal block allocations are likely to be tabled in Parliament on Friday. CNN-IBN has accessed the final draft of the CAG report on coal block allocations which pegs the loss to the exchequer at Rs 1.86 lakh crore, making it even bigger than the 2G scam loss. The report also raises questions on the...
07:33 AM, Aug 17, 2012
New Delhi: A 2G case prosecution witness on Monday told a Delhi court that Sonata Investment Limited, allegedly involved in transfer of funds between Swan Telecom and Reliance ADA Group, was a part of the latter but Anil Ambani was not on its board of directors. "I am aware of Sonata Investment Ltd. This company is also part of Reliance ADA Group. Sonata Investment Ltd is part of Reliance Energy...
06:17 PM, Feb 13, 2012
Chatra (Jharkhand): A Reliance Telecom General Manager Manoj Kumar Ojha was killed on Wednesday when two armed men suspected to be members of a splinter Maoist group fired at his vehicle in a village in this district, police said. Ojha's colleague Dhirendra Kumar, who is also a General Manager and his co-traveller, was seriously injured in the attack in Chatra's Sahatu village, police said. Ojha was reported to be in...
06:38 PM, Apr 06, 2011
Ahmedabad: Anil Ambani on Wednesday said his Reliance Group will invest Rs 50,000 crore in Gujarat in the next 5-7 years on various projects as the firm looks to tap opportunities in the state. "We are committing to invest Rs 50,000 crore in the state of Gujarat in gas-based and coal-based power projects in the next 5-7 years", Ambani said while speaking at the 5th Global Summit of Vibrant Gujarat...
12:53 PM, Jan 12, 2011
New Delhi: China Development Bank on Wednesday signed financial pacts worth billions of dollars, including one with Reliance Power and another with ICICI Bank, as part of some 50 business deals sealed during Chinese Premier Wen Jiabao's visit to New Delhi. Premier Wen said during an engagement with business leaders of the two sides in New Delhi that pacts worth $16 billion between companies and enterprises of the two sides...
05:54 PM, Dec 15, 2010
New Delhi: Punjab, riding on an all-round show by Harbhajan Singh, knocked out Maharashtra and booked a place in the quarterfinals of the Vijay Hazare limited over tournament at the Palam Ground here on Monday. Harbhajan, who has been dropped from the national team, did himself a world of good as he starred both with the bat and ball to lead Punjab to a win in a keenly contested encounter....
07:19 PM, Apr 30, 2008
St John's, Antigua: Former captain Chris Gayle and all-rounders Dwayne Bravo and Kieron Pollard have been denied central contracts by the West Indies Cricket Board (WICB) for 2011-12 season after the trio refused to accept them last year. Lendl Simmons and Denesh Ramdin, who are both in the West Indies squad for the Test series in Bangladesh, have been excluded from the list of contracted players, while veteran campaigner Ramnaresh...
11:43 AM, Mar 12, 2008
Lahore: Pakistan spinner Saeed Ajmal is not concerned at some former Test players and commentators raising questions over his bowling action, saying his action has been cleared by the ICC. They can say what they want but the ICC has cleared our actions and of course, umpires and referees are there too. It's within the rules, Ajmal, who has taken 50 Test, 62 ODI and 43 T20 international wickets, said....
12:14 AM, Feb 25, 2008
London: Veteran batsman Rahul Dravid was the only Indian who held his own as England players ran away with batting and bowling honours in the five-match Test series, which the home side won 4-0. Kevin Pietersen and Ian Bell led the batting charts with 533 and 504 runs with averages of 106.60 and 84 respectively with a double ton and a hundred each. Dravid was the third overall and highest...
04:55 PM, Feb 24, 2008
Colombo: Australia captain Michael Clarke believes fending off the challenge posed by Sri Lanka's spinners will be the key to winning the three-Test series starting next week. The series, which opens at a traditionally spin-friendly venue in Galle on August 31, will be Clarke's first as Test captain since taking over from Ricky Ponting after the World Cup. Clarke said a 3-2 success in the one-day series against the hosts...
09:28 AM, Feb 24, 2008
Melbourne: Trevor Hohns, Australia's most successful chairman of selectors, is willing to replace part-time chairman of National Selection Panel (NSP) Andrew Hilditch, who was sacked by Cricket Australia (CA). The 57-year-old Hohns, who was replaced by Hilditch, made himself available to lead the national selectors. Honhs relinquished his post in 2006 but made a comeback earlier this month as Queensland's chairman of selectors. "I am available. I've only recently been...
11:34 PM, Feb 22, 2008
New Delhi: Treating the Indian bowlers with utter disdain, England on Friday registered 710/7 declared in their first innings of the Edgbaston Test - their highest total against India, which was also the third highest ever conceded by India in Test cricket. Surpassing their previous highest of 653/4 declared at Lord's in 1990, England rode on Alastair Cook's 294 to reach the milestone. It was also the triple century by...
02:24 PM, Feb 20, 2008
Harare: Visiting Bangladesh will play their first ODI of the UCB five-match ODI series against hosts Zimbabwe at the Harare Sports Club ground on Friday. Despite a disappointing performance in the only Test against Zimbabwe in Harare, Bangladesh will take to the field on Friday recalling the sweet memories of their last five-match ODI series against Zimbabwe on home soil. In that ODI series, Bangladesh notched a 3-1 victory over...
11:53 AM, Feb 20, 2008
