Business

Dassault Gains Control of India JV with Reliance

By BPN News Desk September 6, 2025

Dassault Aviation has bought an additional 2% stake in Dassault Reliance Aerospace Limited (DRAL), raising its holding from 49% to 51%. With this move, Dassault has taken majority control, while Reliance Aerostructure Ltd, a unit of Reliance Infrastructure, now holds 49%. Deal Value and Completion Timeline The stake transfer is valued at about ₹176 crore […]

Business

Ambani Launches AI Subsidiary with Google & Meta

By BPN News Desk August 30, 2025

At the 48th Annual General Meeting of Reliance Industries, Chairman Mukesh Ambani announced the launch of Reliance Intelligence, a wholly-owned subsidiary aimed at establishing India’s national-scale AI infrastructure. Strategic Tech Partnerships Reliance Intelligence will partner with Google to build an AI-focused cloud region in Jamnagar, powered by Jio’s network

Law & Order National

Anil Ambani Appears Before ED in Loan Fraud Probe

By BPN News Desk August 5, 2025

Industrialist Anil Ambani appeared before the Enforcement Directorate (ED) in New Delhi on August 5 as part of an ongoing investigation into a major bank loan fraud and alleged money laundering case. The total loan exposure under scrutiny is approximately ₹17,000 crore, involving several companies from the Reliance Group. Preventive Measures Taken by ED A […]

Business

ED Summons Anil Ambani in ₹17,000 Crore Loan Fraud Probe

By BPN News Desk August 1, 2025

The Enforcement Directorate (ED) has summoned businessman Anil Ambani for questioning on August 5 in connection with a major money laundering and loan fraud investigation involving companies under the Reliance Group banner. Raids Across Multiple Locations The summons comes a week after the ED conducted raids at over 35 premises across Mumbai and Delhi. These […]

Business Industry

Reliance, Nayara Dominate India’s Russian Oil Imports

By BPN News Desk June 26, 2025

India has become the largest global buyer of Russia’s Urals crude oil in 2025, with private refiners Reliance Industries and Nayara Energy accounting for nearly 45% of total seaborne exports of the grade. This surge not only reinforces India’s pivotal role in the global oil trade but also highlights the growing influence of private refineries […]