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No Special Treatment For Reliance, Have Taken Action, Says Navy Chief

Monday, December 3, 2018, 7:38 PM

The bank guarantees of Reliance Naval and Engineering Limited, which has an order to supply five offshore patrol vessels, have been encashed, Navy Chief Admiral Sunil Lanba said today, asserting that the group was not being given preferential treatment. According to reports, Rs.2,500 crore order for Naval Offshore Patrol Vessels was bagged in 2011 by Pipavav Defence, which was taken over by Reliance Naval.
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Supreme Court refuses to go into price of Rafale jets

Thursday, November 15, 2018, 7:16 AM

CJI Ranjan Gogoi reserved the SC's order on the Rafale deal after the central government refused to make pricing details public citing national security interests and questioned the court's ability to judicially review the controversial purchase. The SC would only delve into the pricing issue if it were made public, Gogoi said during the marathon four-hour hearing. The government, however, refused to do so.
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RCom pays Rs 62.4 lakh to settle case with Sebi

Friday, November 9, 2018, 7:35 PM

Reliance Communications has settled a case with the Securities and Exchange board of India (Sebi) for alleged non-cooperation with credit rating agencies and debenture trustees in violation of listing norms. The company has also reached a settlement regarding non-compliance with listing norms, including failure to inform interest payment default on debentures, Sebi said in an order on Friday. Only the headline has been changed.

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