ED grills Anil Ambani in Rs 17,000-crore loan fraud

IANS | August 5, 2025 2:24 PM

New Delhi, Aug 5 (IANS) "Were the loans diverted to shell companies?", "Did funds reach political parties?", "Did you bribe any officials?" These were among the questions the Enforcement Directorate (ED) was expected to ask Reliance Group Chairman Anil Ambani as he appeared for questioning in the national capital on Tuesday in a Rs 17,000-crore bank loan fraud and money laundering case.

India's battery storage operations become profitable for 1st time in 2024: Report

IANS | August 5, 2025 1:24 PM

New Delhi, Aug 5 (IANS) India's battery energy storage systems (BESS) operating without fixed contracts – known as merchant BESS – turned profitable for the first time in 2024 and new battery projects commissioned in 2025 could deliver internal rates of return (IRR) of 17 per cent by operating in power exchanges, due to potential fall in upfront costs, a report said on Tuesday.