Anil Ambani resigns as director of RPower, RInfra
New Delhi (PTI): Reliance Group Chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator SEBI order restraining him from associating with any listed company.
"Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance of SEBI (Securities and Exchange Board of India) interim order," Reliance Power said in a BSE filing.
In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board "in compliance of SEBI interim order".
Sebi in February barred Reliance Home Finance Ltd, industrialist Anil Ambani and three other individuals from the securities market for allegedly siphoning off funds from the company.
The regulator also restrained Ambani and three others from "associating themselves with any intermediary registered with Sebi, any listed public company or acting directors/ promoters of any public company which intends to raise money from the public till further orders."
The two Reliance Group companies said that Rahul Sarin has been appointed as an Additional Director in the capacity of Independent Director for a term of five years on Friday on the boards of RPower and RInfra, subject to approval of members at the general meeting.
The board of directors of the company unanimously reposed full trust in Ambani's leadership and invaluable contribution to steering the company through great financial challenges and towards being potentially debt-free in the course of the coming financial year, the firms said.
They also said that the boards look forward to an early closure of the matter and inviting Ambani back to provide his vision and leadership to the company in the interest of all stakeholders.
During the past one year the company has created immense value for its around 8 lakh shareholders with stock price increasing from a low of Rs 32 to a high of Rs 150 (469%), the boards noted.
Rahul Sarin, 72, a civil servant with a distinguished record of public service of over 35 years, retired as Secretary to Government of India.
At present Sarin is a director of Afthonia Private Limited.
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Bengaluru (PTI): Karnataka Minister Priyank Kharge met a high-level delegation from Chile, led by Chilean Foreign Minister Francisco Pérez Mackenna, at Vidhana Soudha on Thursday to discuss collaboration in emerging technologies, clean energy, and startup ecosystems, officials said.
The delegation’s visit to Bengaluru, as part of its India engagements, underscores Karnataka’s growing prominence as a preferred partner for global collaborations in technology, innovation, and startup ecosystems, officials added.
The discussions reflected strong alignment between Chile’s evolving technology-focused growth strategy and Karnataka’s established leadership in innovation and deep-tech ecosystems, according to a statement.
Both sides explored opportunities to build partnerships that move beyond traditional sectors and focus on innovation-led growth, talent exchange, and market access.
The meeting focused on opportunities in renewable energy, including green hydrogen and sustainable industrial innovation.
Other potential areas of collaboration included marine biotechnology, aquaculture technologies, and AI applications across traditional industries.
According to the state IT minister, Karnataka is now a global hub for deep-tech, AI, biotech, aerospace, and advanced research, backed by one of the world’s strongest talent pipelines.
“As partners under the global innovation alliance, we must move beyond agreements on paper to actionable collaboration,” Kharge said.
“We are keen to work with Chile on startup exchanges, market access programmes, and building joint innovation corridors, including R&D centres, incubators, and accelerators. Chile’s position as a gateway to Latin America presents a significant opportunity for our startups to scale globally,” he added.
Officials said the engagement builds on the Letter of Intent signed between the Government of Karnataka and the Government of Chile during the Bengaluru Tech Summit, which established a framework for collaboration in startups, emerging technologies, research, and skill development under the Global Innovation Alliance.
Mackenna, Chile’s Minister of Foreign Affairs, said the country is actively advancing its transition toward a knowledge- and technology-driven economy.
“Our engagement with Karnataka reflects our interest in building strong innovation partnerships that enable technology exchange, talent collaboration, and access to dynamic startup ecosystems,” he added.
“We see significant potential to work together in sectors such as clean energy, digital technologies, and emerging industries, while also strengthening Chile’s role as a bridge between India and Latin America,” he said.
