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Anil Ambani’s Strategic Future Plans: Can His Companies Make a Comeback?

Internet

Internet · 1y ago

Anil Ambani’s Strategic Future Plans: Can His Companies Make a Comeback?

Anil Ambani's story is one of a rapid rise and fall in India's corporate world. His aggressive expansion across telecommunications, infrastructure, and other sectors led to mounting debt, eventually causing significant financial struggles. Key companies like Reliance Communications and Reliance Capital faced bankruptcy, with assets sold off. Despite setbacks, some companies, like Reliance Power, are now debt-free and poised for recovery.

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Anil Ambani’s Reliance Infra eyes EV foray, plans to make cars & batteries

Livemint

Livemint · 11m ago

Anil Ambani’s Reliance Infra eyes EV foray, plans to make cars & batteries

Reliance Infrastructure, led by Anil Ambani, is reportedly planning to enter the electric vehicles (EVs) market in India. The company has hired consultants to conduct a feasibility study for building an EV plant with an initial capacity of 250,000 vehicles per year, which can later be scaled up to 750,000. Additionally, they are considering the feasibility of building a battery plant with a capacity of 10 gigawatt-hours, expanding to 75 GWh in the next decade. This move will put Anil Ambani's company in competition with his brother, Mukesh Ambani, who is also venturing into EV and battery manufacturing.

Anil Ambani’s global aerospace ambition, a ₹10,000-cr bet, and homemade Falcons

Livemint

Livemint · 1m ago

Anil Ambani’s global aerospace ambition, a ₹10,000-cr bet, and homemade Falcons

Anil Ambani’s Reliance Defence plans to invest ₹10,000 crore in its aerospace venture and aims to launch India’s first locally made commercial aircraft by 2028. The investment will be partially funded through capital raised by Reliance Infrastructure Ltd via preferential shares, institutional buys, and foreign currency bonds totaling ₹17,600 crore. Reliance Defence already assembles components for Dassault Aviation's aircraft in India, marking its strategic positioning in the global aerospace industry.

Anil Ambani’s Reliance Communications loan fraud totals Rs 14,000 crore: Sources

Economic Times

Economic Times · 1m ago

Anil Ambani’s Reliance Communications loan fraud totals Rs 14,000 crore: Sources

Anil Ambani's Reliance Communications Ltd is accused of committing a loan fraud exceeding Rs 14,000 crores, according to the Enforcement Directorate. The State Bank of India (SBI) classified Reliance Communications and Anil Ambani as "fraudulent" per RBI guidelines, reporting it to RBI and preparing a complaint for the Central Bureau of Investigation (CBI). Additionally, the company allegedly cheated Canara Bank out of more than Rs 1,050 crore, with investigations into foreign assets ongoing.

'Broke, not broken': Byju Raveendran breaks silence on 'the good 17, bad 2 & ugly 1' years, struggles & comeback plan

Business Today

Business Today · 5m ago

'Broke, not broken': Byju Raveendran breaks silence on 'the good 17, bad 2 & ugly 1' years, struggles & comeback plan

Byju Raveendran discusses the challenges and achievements of his company over the past years, describing the journey as "good 17, bad 2, ugly 1." Despite financial struggles, he remains optimistic about turning the situation around with strategic plans for a comeback. Raveendran emphasizes resilience and determination as key elements in regaining stability and continuing the company's growth, aiming to capitalize on past successes while addressing current challenges.

Anil Ambani’s Reliance Power in trouble as renewable energy agency initiates criminal action over fake bid

Livemint

Livemint · 9m ago

Anil Ambani’s Reliance Power in trouble as renewable energy agency initiates criminal action over fake bid

Reliance Power, led by Anil Ambani, is facing potential criminal proceedings from the Solar Energy Corporation of India (SECI) after a subsidiary of the company submitted fake documents for a bid. SECI had already banned the company from participating in clean energy project tenders for three years due to the fake endorsement of a foreign bank guarantee. The government-owned SECI has deemed the submission of the fake documents as a deliberate act intended to manipulate the tendering process. Reliance Power plans to legally challenge the ban.

Anil Ambani's Reliance Group sets up centre to helm 2030 growth strategy

YourStory

YourStory · 9m ago

Anil Ambani's Reliance Group sets up centre to helm 2030 growth strategy

Anil Ambani's Reliance Group has launched the Reliance Group Corporate Centre (RGCC) to serve as a strategic hub for guiding the group's companies towards new opportunities and technological advancements. The RGCC will include experienced leaders such as Sateesh Seth, Punit Garg, and K Raja Gopal, who will mentor emerging leaders and drive the group's sustained growth. Reliance Infrastructure and Reliance Power, two key entities under the Reliance Group, have achieved zero bank debt status and outlined plans for expansion into new areas, with a combined fundraising effort of Rs 17,600 crore.

China's Huawei set to re-enter mid-range 5G phone market

Economic Times

Economic Times · 1y ago

China's Huawei set to re-enter mid-range 5G phone market

Huawei is set to re-enter the mid-range 5G phone market, according to reports. The Chinese tech giant plans to launch multiple mid-range 5G smartphones to regain its position in the market. Huawei had faced significant setbacks due to US sanctions, resulting in a decline in its global market share. However, it aims to make a comeback with affordable 5G devices.

New Energy Business and emphasis on technology were key themes of Ambani’s speech

Money Control

Money Control · 12m ago

New Energy Business and emphasis on technology were key themes of Ambani’s speech

Reliance Industries (RIL) announced a 1:1 bonus issue at their 47th annual general meeting (AGM) to reward shareholders. The company's Chairman, Mukesh Ambani, outlined RIL's roadmap for future growth. Key elements include plans for the new energy business, a focus on scale for all RIL units, and the transformation of RIL into a "Deep Tech and advanced manufacturing company" through the use of Artificial Intelligence (AI) across businesses. Ambani set ambitious targets for the new energy business and highlighted RIL's plans to establish large-scale manufacturing facilities for solar PV modules, battery energy storage systems, and an AI-ready data center. Ambani also expressed confidence in doubling RIL's market cap and meeting their target of being among the world's top 50 most valuable corporations by 2022.

Byju Raveendran says he will pay back lenders’ money: ‘People think I ran away but…’ | Mint

Livemint

Livemint · 10m ago

Byju Raveendran says he will pay back lenders’ money: ‘People think I ran away but…’ | Mint

Byju Raveendran, CEO and founder of Byju's, has denied allegations that he fled to Dubai and plans to revive the edtech company. Raveendran clarified that he moved to Dubai for a year to take care of his father's treatment and intends to return. During a virtual press conference, he stated that he wants to repay lenders and blamed investors for abandoning the company. Raveendran expressed hope for a comeback and emphasized his commitment to teaching.

Avendus launches ₹3,000-cr late-stage fund to invest in tech, healthcare firms

Livemint

Livemint · 1y ago

Avendus launches ₹3,000-cr late-stage fund to invest in tech, healthcare firms

Financial services firm Avendus has launched its third Future Leaders Fund, aiming to raise around INR 30bn ($400m) including a green-shoe option to raise an additional INR 15bn. The late-stage fund will focus on large-cap investments in private markets, targeting sectors such as financial services, healthcare and manufacturing. It plans to make 10-12 investments with an average ticket size of INR 2-3bn each. Avendus' investment strategy includes both primary and secondary transactions in companies with a strategic competitive edge and strong operating metrics. The fund will provide periodic liquidity to its backers through multiple exit options.

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