Reliance MF gets regulatory approvals for Nippon deal
Leading mutual fund house Reliance Capital Asset Management (RCAM) today said it has completed the regulatory clearance process for sale of additional stake to Japan's Nippon Life, following approvals of CCI and EPFO.
Feb 18, 2015, 13:49 PM IST
GMR, Reliance Cement bag blocks in first coal auction
The maiden auction of coal mines got under way Saturday, with GMR and Reliance Cement bagging one mine each for an estimated Rs 1,375 crore and Rs 798 crore respectively.
Feb 14, 2015, 18:47 PM IST
Anil Ambani's Reliance Group forays into defence sector
Three subsidiaries have been incorporated for the foray under group firm Reliance Infrastructure, the company said in a regulatory filing.
Feb 12, 2015, 13:49 PM IST
Reliance Power to set up 6,000 MW solar park in Rajasthan
An MoU in this regard was signed by state Chief Minister Vasundhara Raje and Chairman of Reliance Power Anil Ambani here.
Feb 12, 2015, 12:55 PM IST
Ambanis, Jet chief Goyal deny having illegal Swiss bank account
Top industrialists the Ambani brothers and Jet Airways Chairman Naresh Goyal, on Monday denied having illegal Swiss bank accounts in the wake of leaked list of account holders of HSBC brought out by an international body of journalists.
Feb 09, 2015, 16:16 PM IST
Anil Ambani seeks faster, transparent decision making
Blaming slow decision-making for "obstacles" faced by businesses, industrialist Anil Ambani today pitched for a system that promotes fast action by government officials without fear of agencies like CVC, CBI and CAG.
Feb 06, 2015, 14:37 PM IST
Nippon-Reliance Capital Asset Management deal gets CCI nod
Competition Commission has approved Japanese financial services giant Nippon's proposed deal to hike its stake in India's top fund house Reliance Mutual Fund to 49 percent in multiple tranches.
Feb 02, 2015, 18:36 PM IST
RComm targets Rs 400 cr revenue from cloud space in 2 years
Reliance Communications (RCOM) is looking at generating a revenue of Rs 400 crore from cloud- based and related services in the next couple of years, a senior company executive said Friday.
Jan 23, 2015, 20:20 PM IST
17 Indian CEOs to meet their US counterparts on Jan 26
The Narendra Modi-led National Democratic Aliiance government is all set to showcase leading lights of India Inc led by Tata Group chairman Cyrus Mistry before top business honchos of the US at the India-US CEO Forum Jan 26.
Jan 23, 2015, 18:44 PM IST
Japanese bank acquires Rs 371 crore stake in Reliance Capital
The Japan-based Sumitomo Mitsui Trust Bank (SMTB) has acquired a minority stake in the Anil Ambani-led Reliance Capital Ltd (RCL) -- part of the Reliance Group -- for Rs 371 crore.
Jan 23, 2015, 16:51 PM IST
Cyrus Mistry to head US-India CEO Forum; Anil Ambani included
Days before US President Barack Obama's high-powered visit here, the US-India CEO Forum has been reconstituted with Cyrus Mistry replacing Ratan Tata as its co-chairman and inclusion of industrialists like Anil Ambani.
Jan 23, 2015, 16:28 PM IST
Reliance Cap expects turnaround in insurance biz in 2015
Confident about further growth in its mutual fund and securities market businesses, financial sector conglomerate Reliance Capital expects a turnaround in its life insurance business as well in 2015.
Jan 04, 2015, 13:33 PM IST
Sumitomo Mitsui may take up to 10% stake in Reliance Bank
As it awaits final RBI guidelines to apply for a universal banking license, Reliance Capital will consider giving up to 10 percent stake to its newly-signed strategic partner Sumitomo Mitsui Trust Bank of Japan in its proposed bank.
Dec 28, 2014, 15:19 PM IST
Ordinance boost: RCap eyes foreign funds in insurance ventures
Within days of government allowing more overseas investment in insurance sector through an ordinance, Anil Ambani-led Reliance Group has initiated a process for inducting foreign partners in its general and health insurance ventures with up to 49 percent stakes.
Dec 28, 2014, 15:16 PM IST
RCap to seek shareholders nod next month for stake sale to SMTB
Reliance Capital will seek shareholders' approval for an initial stake sale of 2.77 per cent in the company to Japan's Sumitomo Mitsui Trust Bank (SMTB) at its extraordinary general meeting (EGM) next month.
Dec 26, 2014, 19:41 PM IST
Promoters pledge Rs 3,700-cr worth shares in 3 Reliance firms
Promoter entities of three companies of Anil Ambani-led Reliance Group -- RCOM, R-Infra and R-Power -- have pledged shares that are worth about Rs 3,700 crore at the current market value.
Dec 24, 2014, 23:44 PM IST
RCap board to consider alliance with foreign partner Thursday
Anil Ambani group firm Reliance Capital, a diversified financial services entity, already has Japan's Nippon as a significant partner in its mutual fund business.
Dec 24, 2014, 18:55 PM IST
Anil Ambani's Reliance Group sells multiplex biz to Carnival
Anil Ambani-led Reliance Group has sold its Big Cinemas unit to South India-based Carnival Group in a deal that would lower the debt of its financial services arm Reliance Capital by about Rs 700 crore.
Dec 15, 2014, 10:37 AM IST
RCom's unlimited mobile internet plan for Rs 999 a month
Reliance Communications Thursday launched an unlimited mobile internet plan for Rs 999 a month at high speed on its upgraded CDMA network across select cities.
Nov 27, 2014, 20:05 PM IST
Reliance Cap shares gain 5% as Nippon to up stake in unit
Shares of Reliance Capital rose by nearly 5 percent as Japanese financial services giant Nippon will hike its stake in India's top fund house Reliance Mutual Fund from 26 percent to 49 percent.
Nov 26, 2014, 21:50 PM IST
