Reliance Life gets nod for $350 mn more equity from Nippon Life
The Foreign Investment Promotion Board has granted approval to Japan`s Nippon Life Insurance to increase its stake in Anil Ambani-led Reliance Life Insurance (RLI) to 49 percent, which will peg the valuation of the Indian company at $1.5 billion.
Mar 21, 2016, 14:10 PM IST
Reliance Power plans to raise Rs 1,000 crore via NCDs
Anil Ambani-led Reliance Power plans to raise Rs 1,000 crore through an issuance of non-covertible debentures.
Mar 18, 2016, 16:51 PM IST
Birla Corp clinches cement deal with RInfra; to pay Rs 4,800 crore
Reliance Infrastructure (RInfra) Thursday sold its cement business arm to Birla Corporation for Rs 4,800 crore, a deal that will help Anil Ambani-led Group lower its debt burden.
Feb 04, 2016, 21:03 PM IST
Mukesh, Anil welcome Padma Vibhushan to Dhirubhai Ambani
Ambani brothers Mukesh and Anil Monday hailed the government for choosing their father and founder of Reliance Group, late Dhirubhai Ambani, for the Padma Vibhushan award, saying the late business tycoon was the "greatest entrepreneur and wealth creator in the history."
Jan 25, 2016, 23:10 PM IST
Reliance Communications, Jio sign pact for spectrum trading, sharing
Anil Ambani's Reliance Communications will trade CDMA grade spectrum in 800 MHz band in 9 service areas where Jio doesn't have the radiowaves. In 17 circles, the two companies will share spectrum, both the firms said in press statements.
Jan 18, 2016, 18:15 PM IST
Bharti Airtel's Akhil Gupta invests in Anil Ambani's commodity bourse
Bharti Airtel group veteran Akhil Gupta has become an investor in Indian Commodity Exchange (ICEX), part of Anil Ambani-led Reliance Group, buying a five percent stake in the bourse valuing it at Rs 200 crore.
Jan 17, 2016, 15:35 PM IST
Reliance Communications clarifies on its spectrum plan
Reliance Communications is still waiting to hear from the government on its application for spectrum sharing and trading in 20 circles and that a decision will be taken only after getting replies on all the areas, the company has clarified to stock exchanges.
Jan 13, 2016, 15:34 PM IST
Pay Rs 5,600 cr for spectrum liberalisation: DoT to RCom
RCom had applied for liberalising its 800 MHz spectrum in 20 circles a few months back.
Jan 12, 2016, 15:52 PM IST
Anil Ambani led-RCom signs deal with Russia's Sistema to establish joint telecom venture
The two companies signed the agreement after Prime Minister Narendra Modi attended the CEO Forum in Moscow, during his two-day bilateral visit to the country for the 16th Annual Summit.
Dec 25, 2015, 12:21 PM IST
Anil Ambani-led Reliance Defence partners Russian firm for ‘Make in India’ warships
An agreement regarding the deal is likely to be signed during the Prime Minister Narendra Modi’s Russia visit today.
Dec 24, 2015, 14:15 PM IST
RCom-Aircel Merger: 5 Key facts you must know
Know how the RCom-Aircel merger will redefine India's telecom industry....
Dec 23, 2015, 15:23 PM IST
RCom, Aircel in talks to create India's 2nd biggest mobile operator
The combination of RCom, Aircel, MTS wireless businesses will hold 19.3 percent of the total spectrum allocated to the the industry - the highest in the country by an entity.
Dec 22, 2015, 20:16 PM IST
RInfra buys additional 17% stake in Pipavav for Rs 850 crore
In March, the Anil Ambani group firm had announced plans to acquire a controlling stake in Pipavav Defence for up to Rs 2,082 crore.
Dec 16, 2015, 20:26 PM IST
Tower biz sale to improve RCom's financial profile: Moody's
Reliance Communications' deal to sell its tower business, when consummated, will substantially improve the telecom major's financial profile, Moody's Investors Service said Monday.
Dec 07, 2015, 22:06 PM IST
Reliance Life to hire 5,000 insurance agents, 2,000 sales staff
The company has already hired close to 15,000 insurance advisors in the recent months and the planned hiring activities would take the total recruitment of agents to 20,000 people in the current fiscal ending March 31, 2016.
Dec 07, 2015, 18:04 PM IST
RCom to sell tower, optic fibre biz to PE firms for Rs 30K cr
RCOM intends to utilise the proceeds of the proposed transaction to reduce its debt, which is estimated at about Rs 40,000 crore.
Dec 04, 2015, 17:49 PM IST
RCom to sell entire stake in Reliance Infratel; to fetch about Rs 22,000 crore
RCom owns about 96 percent stake in Infratel and the sale would fetch it around Rs 22,000 crore, which will be used to retire some debt.
Nov 24, 2015, 21:24 PM IST
Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore
Japan's Nippon Life Insurance on Tuesday announced the acquisition of another 23 percent stake in Reliance Life Insurance for about Rs 2,265 crore.
Nov 24, 2015, 15:52 PM IST
Reliance Group to develop 6000 MW solar park in Rajasthan
Billionaire Anil Ambani-led Reliance Group will develop a 6,000 megawatt Solar Power Park in Rajasthan, a plan that has potential to attract an investment of Rs 60,000 crore.
Nov 19, 2015, 21:11 PM IST
Reliance Infrastructure to sell 49% stake Mumbai power biz for Rs 4,000 crore
Reliance Infra will sell 49 percent equity stake in its integrated power business in Mumbai and adjoining areas to Canada's Public Sector Pension Investment Board (PSP Investments).
Nov 16, 2015, 17:15 PM IST
