Reliance Infrastructure Ltd. and Reliance Power Ltd.'s shares are under scrutiny on 7 October following their clarification of SEBI show-cause notifications regarding suspected violations of the SEBI Act of 1992 and the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003. Reliance Power stated in a filing
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The rise of the Ambani brothers, Mukesh and Anil, is one of India's most inspiring business tales. Mukesh and Anil Ambani, sons of the legendary Dhirubhai Ambani, were set to grow Reliance Industries into an even bigger empire. In 2008, Anil Ambani ranked as the sixth-richest person in
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An IPO (Initial Public Offering) is a company’s coming out of the box moment, where a company goes public to raise money in exchange for shares that are a part of their company in the form of equity. If all goes well, the investors will scramble and rush to