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Reliance Communications Information
Reliance Communications is India's foremost and truly integrated telecommunications service provider. The Company, with a customer base of 92 million including over 2.5 million individual overseas retail customers, ranks among the Top 5 Telecom companies in the world by number of customers in a single country. Reliance Communications corporate clientele includes 2,100 Indian and multinational corporations, and over 800 global, regional and domestic carriers.
With three straight quarters of profits since October, Reliance Life hopes to report its first full year in the green in 2011-12 with products focussed on the family of insured than mere investment options.
Billionaire Anil Ambani'sReliance Infrastructure Ltd. (RELI) is in talks to sell stakes in its power transmission business, road and subway projects, said two people with direct knowledge of the matter.
Having witnessed a dip of over 4,500 staff from its headcount in last fiscal, Anil Ambani group's financial services arm Reliance Capital will hire over 3,500 managers for its various businesses this year.
ADAG-promoted Reliance Power has entered into a port services agreement with the Krishnapatnam Port Company (KPCL), part of the Hyderabad-based Navyug group, for handling coal imports for the 4,000 mw Krishnapatnam Power project.
Anil Dhirubhai Group (ADAG) chairman Anil Ambani called on West Bengal Governor MK Narayanan on Sunday. While the meeting is being said to be a courtesy call, sources said Ambani expressed his keenness in investment projects in the state.
Anil Ambani's Reliance Broadcast Network plans to invest around Rs 100-200 crore in the private FM radio segment, which is poised to be a growth driver once the third phase of licensing for stations roll out, said company CEO TarunKatyal.
With an eye on creating value for its roads, metro rails and transmission businesses, Anil Ambani-led Reliance Infrastructure is in talks with strategic investors -- domestic as well as international -- for stake sale, a top company official said today.
Indian billionaire industrialist Anil Ambani may become the latest high-profile investor in Indonesia. The head of Reliance ADA Group intends to pump as much as $10 billion in various projects in the country. This news should be celebrated.
Indian industrial conglomerates, including Reliance Group and Mahindra & Mahindra, are set to be given access to the country's lucrative retail banking sector after policymakers decided to drop years of opposition.
Reliance Power of Anil Ambani group expects to complete the 2,400 mw gas-fired power project at Samalkot in Andhra Pradesh ahead of schedule, as the first batch of two gas turbines reached the project site a month in advance.
Anil Ambani Group firm Reliance Power's 4,000-MW Krishnapatnam ultra-mega power project is facing road blocks due to various reasons, including a recent change in Indonesian law which mandates all parties to sell coal at market prices.
Reliance Capital Trustee Company, a subsidiary of Anil Dhirubhai Ambani Group's Reliance Capital increased its stake in state-run oil producing and marketing firm Hindustan Petroleum Corporation (HPCL) to 5.02% for over Rs 12.80 crore.
Bertelsmann AG, Europe's biggest media company, and billionaire Anil Ambani-led Reliance Group will start two television channels in India, including a round-the-clock reality show channel by September.
India's benchmark stock index rose, headed for its biggest weekly advance in two months. Reliance ADA Group companies controlled by Anil Ambani jumped after a court rejected pleas by public interest litigators seeking to probe the billionaire.
Anil Ambani Group firm Reliance Communications today said it has received various offers from several interested parties for acquiring a stake in its subsidiary, Reliance Infratel Ltd, which will help the company bring down its huge debt burden.
Anil Ambani-promoted Reliance Infrastructure (RInfra) today posted over 2 per cent growth in net profit at Rs 1,551.61 crore for 2010-11 and said it expects around Rs 1,000 crore in revenue from infrastructure business in this financial year.
RTL Group SA (RTL), Europe's biggest television broadcaster, agreed to set up a venture with Reliance Broadcast Network Ltd. (RBN) to start two English channels in India, marking its first foray into Asia as a broadcaster.
Anil Ambani group firm Reliance Communications on Friday said it has drawn the third and final tranche of Rs 1,200 crore (USD 266 million) from the Rs 8,700 crore (USD 1.93 billion) loan facility it secured from China Development Bank.