Won't leave India without prior permission, will cooperate in probe: Anil Ambani tells SC
New Delhi (PTI): Reliance Group chairman Anil Ambani has filed an undertaking in the Supreme Court that he will not leave the country without its prior permission and fully cooperate with agencies' probe into the alleged Rs 40,000 crore banking and corporate fraud involving the Anil Dhirubhai Ambani Group (ADAG).
In an affidavit filed before the top court, the industrialist stated that he was not a flight risk and has no intention to evade the process of law.
"I state on oath that I have not left India since July 2025, since the inception of the present investigations, and presently have no plan or intention to travel outside India. It is further undertaken that in the event any requirement of foreign travel arises, I shall seek prior leave and permission of this court before undertaking any such travel," Ambani said.
"I, with utmost bona fide, have been fully cooperating with the investigating agencies in connection with the ongoing investigations and continues to extend complete cooperation," he added.
The submissions have been in response to a plea filed by former bureaucrat E A S Sarma seeking a fair, prompt and dispassionate probe into the alleged massive banking and corporate fraud involving the ADAG, Anil Ambani and the group companies.
The affidavit further stated that he has been summoned by the Directorate of Enforcement to appear on February 26, 2026, and undertook to appear and join the investigation on the said date.
"I undertake to fully cooperate with the authorities, while ensuring procedural clarity and preventing any suggestion of evasion or selective presentation of facts by the petitioner," Ambani said.
He submitted that the affidavit was being filed to demonstrate that his conduct has been transparent, cooperative.
Voicing displeasure over the "unexplained delay" in investigations, the top court on February 4 had directed the Central Bureau of Investigation and the Enforcement Directorate to conduct a fair, prompt and dispassionate probe into alleged fraud.
When Sarma expressed apprehension that he may flee, Ambani, represented by senior advocate Mukul Rohatgi, assured the top court that he will not leave the country without its prior nod.
The PIL filed by Sarma alleged systematic diversion of public funds, fabrication of financial statements and institutional complicity across multiple entities of ADAG.
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Ambani, Adani pledge USD 210 bn for India's AI push
New Delhi (PTI): Conglomerates run by billionaires Mukesh Ambani and Gautam Adani committed USD 210 billion investment to creating infrastructure that will help India emerge as an AI development hub.
At the India AI Impact Summit, Ambani announced a Rs 10 lakh crore (about USD 110 billion) investment in artificial intelligence over the next seven years in gigawatt-scale AI-ready data centres in Jamnagar, leveraging up to 10 GW of green power surplus, and a nationwide edge-compute layer integrated with telecom and digital operator Jio's networks to deliver low-latency AI across India.
"Our resolve is clear: make intelligence as ubiquitous as connectivity," he said. "When compute becomes infrastructure, innovation will become inevitable."
Adani, on the other hand, unveiled a USD 100-billion investment to develop renewable-energy-powered, hyperscale AI-ready data centres by 2035 -- one of the world's largest integrated energy-compute commitments.
The initiative is expected to catalyse an additional USD 150 billion across server manufacturing, cloud platforms, and supporting industries, creating a projected USD 250 billion AI infrastructure ecosystem in India.
India must architect its own artificial intelligence (AI) infrastructure rather than rely on imports, Adani Group executive director Jeet Adani said on Thursday, warning that AI will redefine national sovereignty.
Other major investments announced at the Summit included USD 50 billion commitment by Microsoft by the end of the decade to expand artificial intelligence access across the Global South. "India, not surprisingly, is one of the largest," its vice chair and president, Brad Smith, said.
The firm had unveiled USD 17.5 billion investment in AI investments in India last year.
Google CEO Sundar Pichai announced a new subsea cable initiative to boost AI connectivity between India, the US and other locations, alongside partnerships for cloud infrastructure platform support to over 20 million public servants across 800 districts.
Yotta Data Services, backed by a real estate group headed by Niranjan Hiranandani, announced over USD 2 billion spend on Nvidia's latest chips in an artificial intelligence computing hub it is setting up just outside the national capital.
While Tata Consultancy Services (TCS) signed up ChatGPT parent OpenAI as its first customer for its data centre unit under the global AI infrastructure initiative Stargate, infrastructure major Larsen & Toubro announced a proposed venture with Nvidia to build AI-ready data centre infrastructure, advanced computing platforms, and ecosystem enablement required to support large-scale AI workloads.
