Mukesh Ambani inks Rs 1200 crore deal with Anil Ambani's Reliance Communications
Mumbai: Billionaire Ambani brothers today struck a Rs 1,200-crore deal wherein Mukesh will use his younger sibling's optic fibre network for launch of his telecom venture.
Under the pact, Mukesh Amba
Kejri’s next target: Judiciary
After taking on politicians and businessmen, India Against Corruption will now target the judiciary, Arvind Kejriwal said on Friday. He said several high profile cases were dragging on in the courts for several years without any decisive outcome.
Ambanis deny Kejriwal's allegations
The Ambani brothers on Friday rejected allegations by Arvind Kejriwal that they had parked black money in HSBC Bank in Geneva and denied that they had any accounts there.
Strongly denying the allegat
Ambani reassures RComm shareholders as debt weighs
Billionaire Anil Ambani on Tuesday reassured shareholders of his flagship telecom carrier Reliance Communications Ltd that the company is pursuing options to reduce its heavy debt load, sending its st
TDSAT rejects RCom plea against spectrum auction guidelines
Telecom tribunal TDSAT has rejected Reliance Communications' plea against the guidelines issued by the government for the proposed auction of spectrum.
"The impugned guidelines in our opinion, being
RComm profit rise capped by higher interest costs
Telecoms carrier Reliance Communications on Saturday reported a smaller-than-expected 3 per cent rise in quarterly profit, weighed down by higher finance costs, in what was its second straight quarter
Reliance Group firms seek shareholder nod for raising funds
Anil Ambani-led Reliance Group plans to seek shareholders' nod to raise funds estimated at about Rs 15,000 crore at current valuations through equity dilution of up to 25 per cent in four of its compa
Reliance Communications shares drop after shelving unit's Singapore IPO
Shares in Reliance Communications dropped more than 3 per cent on Monday after shelving a planned Singapore initial public offering for its undersea cable unit, citing unfavourable market conditions.
Reliance Mediaworks to raise $110 million from foreign PE fund
Reliance Mediaworks, controlled by billionaire Anil Ambani, has agreed to raise Rs 6.05 billion from a foreign private equity fund, a source with direct knowledge of the development told media persons
RComm sets price range for $1 bn Singapore cable IPO
Reliance Communications Ltd has set an indicative price range for the Singapore initial public offering of its undersea cable unit that could raise as much as $1 billion and help the parent reduce its debt load, IFR Asia reported on Monday.