RComm unit stake sale draws US interest: Sources
Reliance Communications, India`s fourth-biggest mobile phone carrier and headed by billionaire Anil Ambani, is looking at a valuation of about $4 billion for the unit, which has about 45,000 mobile phone masts, the sources said.
Jul 31, 2015, 14:11 PM IST
A K Balyan to head Reliance Group's Oil & Gas Business
Ashok Kumar Balyan, former chief executive of Petronet LNG Ltd, has joined Anil Ambani-led Reliance Group as CEO of its Oil & Gas Business.
Jul 25, 2015, 15:26 PM IST
RCom rolls out cloud delivery network in 5 cities
Anil Ambani-owned Reliance Communications (RCom) Tuesday launched a next-generation cloud services delivery network in five cities of the country.
Jul 21, 2015, 17:46 PM IST
RInfra to seek operational subsidy to keep metro fares low
Reliance Infrastructure-led Mumbai Metro One Monday said it will seek metro operational subsidy from the state government to keep the fares lower, even as the fare fixation committee has recommended its revision in the range of Rs 10 to Rs 110 for the over 11-km-long corridor.
Jul 20, 2015, 17:13 PM IST
Anil Ambani announces Rs 5,000 crore new defence investment
With the recent acquisition of Pipavav Defence, Reliance Group chairman Anil Ambani announced on Thursday that an additional investment of Rs 5,000 crore will be made as part of India`s emphasis on 'Make in India' for military hardware and cut imports.
Jul 16, 2015, 23:40 PM IST
Reliance sells diesel to Indian Railways, first time in a decade
The government freed diesel pricing last October, providing a level playing field to private companies like Reliance and Essar Oil.
Jul 15, 2015, 16:30 PM IST
Reliance Group to invest Rs 10k cr in tech space: Anil Ambani
Billionaire Anil Ambani's Reliance Group on Wednesday committed to invest about Rs 10,000 crore over the next few years to expand its presence across digital, cloud computing and telecom space.
Jul 01, 2015, 17:47 PM IST
Reliance Capital observing yoga week
Anil Ambani-led Reliance Capital has been observing yoga week from June 19 and will continue through June 26.
Jun 20, 2015, 19:16 PM IST
RCom shares reverse early gains on profit-booking
The stock ended at Rs 58.70, down 0.25 percent, on the BSE. In intra-day trade, shares of the company gained 2.97 percent to Rs 60.60.
Jun 16, 2015, 18:24 PM IST
RCom, Sistema in talks to merge telecom biz in India
Anil Ambani-led Reliance Communication Monday said it is in talks with AFK Sistema to merge the Russian conglomerate's Indian telecom operations through a cashless stock swap.
Jun 15, 2015, 17:02 PM IST
Reliance Communications pledges 3.25 crore shares
In a filing to the BSE, the Anil Ambani-owned company said it has pledged 3.25 crore shares consisting 1.31 per cent of the share capital to Axis Trustee Services on June 11.
Jun 12, 2015, 21:17 PM IST
RelCap names Gopkumar as CEO of broking, distribution biz
Reliance Capital, part of Anil Ambani-led Reliance Group, on said it has appointed B Gopkumar chief executive of its broking and distribution business.
Jun 11, 2015, 15:56 PM IST
Reliance Power to invest $3 bn in power plant in Bangladesh
The company will use the equipment it had contracted for its Samalkot project in Andhra Pradesh for setting up the power plant in Bangladesh in three years from the date of signing power purchase agreement (PPA).
Jun 06, 2015, 12:28 PM IST
Vice Admiral HS Malhi is Reliance Defence Group President & CEO
Reliance Defence Systems, a subsidiary of Anil Ambani-led Reliance Group, Thursday announced the induction of Vice Admiral H S Malhi (Retd) to spearhead the company's foray into naval defence sector.
Jun 04, 2015, 18:48 PM IST
Reliance Capital to set up global commodity exchange in IFSC at GIFT City
"This allotment is expected to bring in investment of around Rs 200 crore and generate employment for around 2,500 persons in next 3 years," GIFT MD and Group CEO Ramakant Jha said in a statement.
Jun 03, 2015, 17:18 PM IST
RCom plans to monetise non-core assets to lower debt
Reliance Communications Monday said it is looking at monetising its non-core assets to bring down the debt-to-EBIDTA ratio to about 3 in 18-24 months.
Jun 01, 2015, 21:51 PM IST
Reliance Capital Q4 net profit rises 53% to Rs 407 crore
Reliance Capital, the financial services arm of Anil Ambani-led Reliance Group, said that its net profit for the full fiscal ended March 31 rose by 34 percent to Rs 1,001 crore.
May 29, 2015, 16:02 PM IST
RInfra Q4 profit down 26% to Rs 459 crore
The company, led by Anil Ambani, had clocked a net profit of Rs 621.42 crore in the January-March quarter of the last fiscal.
May 27, 2015, 19:32 PM IST
Ratings agencies assign stable outlook on RCom's $300 mn debt
Ratings agencies Moody's and Fitch have assigned stable outlook on USD 300 million debt facility of telecom firm Reliance Communications.
May 06, 2015, 22:00 PM IST
RCom mulls monetising tower and fiber assets this fiscal
Debt-laden telecom major Reliance Communications is looking at monetising its tower and fiber assets this fiscal to reduce debt and has appointed investment bankers for the purpose.
May 06, 2015, 17:11 PM IST
