All posts tagged: Reliance

Court allows CBI to arrest former Reliance ADAG executive Jhunjhunwala in bank fraud case

Court allows CBI to arrest former Reliance ADAG executive Jhunjhunwala in bank fraud case

Published by Parlour News

Anil Ambani with Amitabh Jhunjhunwala. File picture | Photo Credit: The Hindu A Mumbai court on Monday (June 1, 2026) allowed the Central Bureau of Investigation (CBI) to arrest Amitabh Jhunjhunwala, a former senior executive at industrialist Anil Ambani-led Reliance Group, in a case related to alleged bank loans misuse. Mr. Jhunjhunwala was produced before special CBI judge J.P. Darekar on a production warrant from New Delhi’s Tihar Central Jail, where he was under judicial custody in a related money laundering case being probed by the Enforcement Directorate (ED). Following his production, the CBI, represented by Special Public Prosecutor (SPP) A Limosin, filed an application seeking remand and permission to formally arrest the accused. Advocates Reeti Upadhyay and Mudit Jain, appearing for Jhunjhunwala, contended that as per the production warrant issued by a Delhi court, the former executive of the Anil Dhirubhai Ambani Group (Reliance ADAG) was required to be produced before the court on June 5. His appearance before the court prior to that date is illegal, the defence argued. After hearing arguments from …

CBI searches 17 locations in Reliance ADA Group cases

CBI searches 17 locations in Reliance ADA Group cases

Published by Parlour News

Anil Ambani. File. | Photo Credit: PTI The Central Bureau of Investigation (CBI) on Saturday (May 9, 2026) searched 17 premises in Mumbai in connection with three cases registered against Reliance Telecom Ltd., Reliance Commercial Finance Limited and Reliance Home Finance Ltd., and their directors. “Searches have also revealed that multiple intermediary companies were operating from the same address,” said the agency. Over the last few months, the CBI has registered seven cases against the Group entities, based on the complaints lodged by various Public Sector Banks and LIC in connection with alleged frauds involving thousands of crores of rupees. The total quantum of alleged loss in these cases is ₹27,337 crores, it said. Published – May 09, 2026 05:33 pm IST Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Reliance caps fuel sales at ₹1,000 per pump amid growing shortages| India News

Reliance caps fuel sales at ₹1,000 per pump amid growing shortages| India News

Published by Parlour News

Reliance Industries Ltd. has capped fuel purchases across its retail outlets — limiting customers to about $11 worth of gasoline or diesel — as the Middle East crisis continues to choke off supplies despite a tentative ceasefire. A petrol pump attendant picks up a nozzle to refuel a vehicle at an Indian Oil fuel station (AFP) The country’s largest private-sector oil refiner is restricting individual purchases to 1,000 rupees ($10.8) per visit at fuel stations it operates with partner BP Plc, according to people familiar with the matter. The joint venture has more than 2,000 fuel pumps across the country. While the company has issued no formal directive, operators of Jio-BP pumps have begun enforcing the caps to curb panic buying and prevent its stations from running dry as demand surges, the people said, asking not to be named because the information isn’t public. Also Read: Rumours fuel rush at petrol pumps in select Uttar Pradesh cities The rationing comes as India, the world’s third-largest oil consumer, grapples with the fallout of the weeks-long near-closure …

Amid gas shortage, how greater reliance on coal-based power during summer spurs concerns of solar curtailment | Explained News

Amid gas shortage, how greater reliance on coal-based power during summer spurs concerns of solar curtailment | Explained News

Published by Parlour News

As India heads into a “hotter-than-normal” summer, with forecasts pointing to an above-average number of heatwave days, the government plans to rely more on coal-based power to meet peak summer demand. On Monday, the government informed Parliament that the country’s power system remains “adequately positioned” to meet peak summer demand, despite gas supply constraints triggered by the ongoing conflict in West Asia. While gas-based power accounts for a relatively small share of the energy mix, it plays a crucial role during non-solar hours, with nearly 10 GW of capacity typically relied upon during high demand summer months. The government said its plans to use “alternative sources” like coal coal-based generation, renewables energy and energy storage system compensating for reduced gas-based generation. However, this shift may come with trade-offs that extend beyond immediate supply concerns, experts said. A greater reliance on coal could lead to curtailment of renewable energy, particularly solar, due to the operational inflexibility of coal plants. Gas-based power plants, meanwhile, are more flexible and can ramp generation up or down to accommodate renewable …

Reliance denies reports of buying Iranian crude amid tensions

Reliance denies reports of buying Iranian crude amid tensions

Published by Webster

Amid the West Asia conflict, Reliance Industries Limited (RIL) on Thursday refuted reports that it has purchased Iranian crude, calling these reports “baseless”.  As reported by news agency IANS, reports earlier claimed that RIL had purchased 5 million ​barrels of Iranian crude after the US administration temporarily removed sanctions on ‌Iranian oil at sea. According to the report, RIL bought the oil from the National Iranian Oil Co. However, clarifying the rumours, RIL, while issuing an official statement, wrote, “Reliance Industries Limited categorically rejects recent media reports that the company has purchased crude oil of Iranian origin. These reports are baseless, leading to misleading and incorrect claims,” as cited by IANS.  RIL further urged the media outlets concerned to verify facts before publication. US Treasury Secretary on oil crisis Last week, the US issued a short-term authorisation allowing the sale of Iranian oil already stranded at sea, a move the Donald Trump administration says will quickly boost global supply while maintaining pressure on Tehran, according to the Treasury Department and reports. Treasury Secretary Scott Bessent …

‘Real Energy Dominance’: Trump Announces First US Oil Refinery In 50 Years With Reliance Backing | World News

‘Real Energy Dominance’: Trump Announces First US Oil Refinery In 50 Years With Reliance Backing | World News

Published by Webster

Last Updated:March 11, 2026, 06:39 IST Trump said that the new refinery would deliver billions of dollars in economic impact and create thousands of jobs in the region. US President Donald Trump (Image Courtesy: AP) US President Donald Trump on Tuesday (local time) announced the opening of a new oil refinery in 50 years with the investment help from India’s Reliance Industries Ltd. In a post on Truth Social, Trump said that the new refinery would fuel American markets and strengthen national security, along with boosting energy production. “America is returning to REAL ENERGY DOMINANCE! Today I am proud to announce that America First Refining is opening the FIRST new U.S. Oil Refinery in 50 YEARS in Brownsville, Texas. THIS IS A HISTORIC $300 BILLION DOLLAR DEAL — THE BIGGEST IN U.S. HISTORY, A MASSIVE WIN for American Workers, Energy, and the GREAT People of South Texas! Thank you to our partners in India, and their largest privately held Energy Company, Reliance, for this tremendous Investment,” he said. Trump added that the new refinery would …

Reliance Industries Limited Prioritises Domestic LPG And Gas Supplies Amid Global Volatility | India News

Reliance Industries Limited Prioritises Domestic LPG And Gas Supplies Amid Global Volatility | India News

Published by Webster

Last Updated:March 10, 2026, 22:18 IST Reliance stated that its teams are working around the clock to align refinery operations with national requirements Alongside the boost in LPG production, Reliance has committed to diverting natural gas produced from its KG-D6 Basin to support priority sectors. File image Reliance Industries Limited (RIL) has announced a strategic shift in its operations to bolster India’s energy security, committing to maximise domestic fuel supplies as global energy markets face heightened uncertainty. In a formal media statement, the company confirmed it is taking proactive measures to increase the production of Liquefied Petroleum Gas (LPG) from its integrated refining and petrochemical complex in Jamnagar, Gujarat. As the world’s largest refining hub, the facility is currently being optimised to enhance output, ensuring that supplies for Indian households remain stable and reliable during the current period of market volatility. Reliance stated that its teams are working around the clock to align refinery operations with national requirements, ensuring a consistent flow of essential cooking fuel to the domestic market. Alongside the boost in LPG …

Maharashtra to send 50 leopards to Reliance Foundation’s Vantara facility in Gujarat: Sources

Maharashtra to send 50 leopards to Reliance Foundation’s Vantara facility in Gujarat: Sources

Published by Parlour News

Leopards. File | Photo Credit: PTI The Maharashtra government has decided to send 50 leopards to Reliance Foundation’s Vantara wildlife rescue and conservation centre located in Jamnagar in neighbouring Gujarat, sources close to State Forest Minister Ganesh Naik have said. The Forest Department made the decision to strengthen conservation efforts for the big cats while also addressing concerns related to increasing human-leopard interactions in parts of Maharashtra, they said on Friday (March 6, 2026). According to sources, the arrangement was finalised after discussions between Mr. Naik and the Vantara management. Further details about the timeline and modalities of transferring the leopards are expected to be finalised by the Forest Department in coordination with the facility’s management, they added. Parts of Maharashtra witnessed a series of leopard attacks in November and December, 2025. Published – March 07, 2026 10:22 am IST Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following …

ED raids entities linked to Anil Ambani, Reliance Power denies action

ED raids entities linked to Anil Ambani, Reliance Power denies action

Published by Webster

The Enforcement Directorate (ED) carried out coordinated raids on multiple locations associated with industrialist Anil Ambani on Friday, officials said, reported the IANS. The ED said its specialised teams conducted searches at 10-12 sites across Mumbai, focusing on both registered offices and residential premises linked to companies in the Reliance group, particularly the power utility sector. Approximately 15 specialised ED units participated in the early-morning operations. However, the Reliance Power stated that none of its offices or premises were subject to raids. In a stock exchange filing, the company said: “To the best of our knowledge, no ED action has been carried out at any offices or premises of Reliance Power Limited.” Investigation The ED is probing multiple companies linked to Anil Ambani over allegations of bank fraud, money laundering, and financial irregularities under the Foreign Exchange Management Act (FEMA). Anil Ambani has been questioned twice under the Prevention of Money Laundering Act (PMLA) in connection with the ongoing investigation. Anil Ambani had earlier appeared at the agency’s headquarters in Delhi last week on Thursday …

AI Summit 2026: Reliance and Jio to invest Rs 10 lakh crore in India’s AI future

AI Summit 2026: Reliance and Jio to invest Rs 10 lakh crore in India’s AI future

Published by Webster

Reliance Industries Limited and its digital arm, Jio, will invest 10 lakh crores over the next seven years to spearhead India`s artificial intelligence transformation, announced Mukesh Dhirubhai Ambani, Chairman and Managing Director of Reliance, while addressing the India AI Impact Summit 2026 in New Delhi on Thursday. Mukesh Ambani, while addressing the gathering at the AI Summit, said, “Jio, together with Reliance, will invest Rs 10 lakh crore over the next seven years starting this year. This is not a speculative investment. It is not for chasing valuation. This is a patient, disciplined, nation-building capital designed to create durable economic value and strategic resilience for decades to come,” as cited by ANI. Mukesh Ambani announces a three-part strategy from internet to intelligence He added, “Announcement one: Jio connected India to the internet era. Jio will now connect India to the intelligence era. We will deliver intelligence to every citizen, every sector of the economy, every facet of social development, and every service of government.” “Announcement two: Jio, together with Reliance, will invest Rs 10 lakh …