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Reliance Power CFO among 3 held for forging bank guarantees to secure tender: EOW
The accused have been identified as Ashok Kumar Pal (50), CFO of Reliance Power Ltd; Partha Sarthi Biswal (54), managing director of Odisha-based Biswal Tradelink Pvt Ltd; and Amarnath Dutta (50), a resident of Kolkata, the EOW said in a statement.
cityfalcon.com·4d ago
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Reliance Power CFO among 3 held for forging bank guarantees to secure tender: EOW
The accused have been identified as Ashok Kumar Pal (50), CFO of Reliance Power Ltd; Partha Sarthi Biswal (54), managing director of Odisha-based Biswal Tradelink Pvt Ltd; and Amarnath Dutta (50), a resident of Kolkata, the EOW said in a statement.
cityfalcon.com·4d ago
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Top Gainers & Losers on Mar 27: Godfrey Phillips, Reliance Power, PG Electroplast, UCO Bank, Paytm among top losers
On March 27, Indian stocks declined as crude prices rose and bond yields surged, leading to a fifth consecutive week of losses. The Nifty 50 and Sensex fell significantly, with PSU banks experiencing notable losses amid fears of fiscal sustainability.
cityfalcon.com·1mo ago
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Top Gainers & Losers on Mar 27: Godfrey Phillips, Reliance Power, PG Electroplast, UCO Bank, Paytm among top losers
On March 27, Indian stocks declined as crude prices rose and bond yields surged, leading to a fifth consecutive week of losses. The Nifty 50 and Sensex fell significantly, with PSU banks experiencing notable losses amid fears of fiscal sustainability.
cityfalcon.com·1mo ago
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India's largest-ever IPOs ahead of Ambani's Jio offering
… Indian IPOs of all time before Jio Platforms IPO : Hyundai … component alongside a fresh issue. The IPO was the largest-ever by a non … rupees in October 2025. The IPO was oversubscribed 54 times - … heavily subscribed major Indian IPO since Reliance Power…
cityfalcon.com·1mo ago
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India's largest-ever IPOs ahead of Ambani's Jio offering
… Indian IPOs of all time before Jio Platforms IPO : Hyundai … component alongside a fresh issue. The IPO was the largest-ever by a non … rupees in October 2025. The IPO was oversubscribed 54 times - … heavily subscribed major Indian IPO since Reliance Power…
cityfalcon.com·1mo ago
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FIR filed against ADAG companies on Axis complaint
Mumbai Police have registered an FIR against Reliance Commercial Finance, Reliance Infrastructure, Reliance Power, and ADAG promoters following a complaint by Axis Bank. The case, involving allegations of financial irregularities and fund diversion, stems from a preliminary inquiry and a forensic audit. While Axis Bank quantified the principal sacrifice at ₹38.95 crore, police are investigating transactions exceeding ₹1,800 crore.
cityfalcon.com·2mo ago
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FIR filed against ADAG companies on Axis complaint
Mumbai Police have registered an FIR against Reliance Commercial Finance, Reliance Infrastructure, Reliance Power, and ADAG promoters following a complaint by Axis Bank. The case, involving allegations of financial irregularities and fund diversion, stems from a preliminary inquiry and a forensic audit. While Axis Bank quantified the principal sacrifice at ₹38.95 crore, police are investigating transactions exceeding ₹1,800 crore.
cityfalcon.com·2mo ago
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ED raids entities linked to Reliance Power Ltd
The Enforcement Directorate (ED) raided locations linked to Anil Ambani and Reliance Power Ltd. The agency cited financial irregularities and money laundering. Reliance Power denied any raids on its premises. Ambani has been questioned twice, and his Mumbai residence was previously attached.
cityfalcon.com·2mo ago
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ED raids entities linked to Reliance Power Ltd
The Enforcement Directorate (ED) raided locations linked to Anil Ambani and Reliance Power Ltd. The agency cited financial irregularities and money laundering. Reliance Power denied any raids on its premises. Ambani has been questioned twice, and his Mumbai residence was previously attached.
cityfalcon.com·2mo ago
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