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Nippon Life increases stake in Reliance Life to 49% at Rs 2,265 cr
In pic: Reliance Group chairman Anil Ambani. The Japanese company will be investing an aggregate value of Rs 2,265 crore to acquire an additional 23 per cent stake in Reliance Life Insurance to reach a...
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Reliance Com, THG, TPG near deal for Infratel
Anil Ambani-led Reliance Infratel’s revenue at the end of FY15 stood at Rs 5,916 crore with an operating profit of Rs 2,398 crore but a net loss of Rs 964 crore. (PTI) Anil Ambani’s Reliance...
View ArticleRCom sells 150 flats in Navi Mumbai for Rs 330 cr
Anil Ambani’s Reliance Communications (RCom), the country’s fourth largest and most leveraged telecom operator, on Monday said it has started selling part of its real estate assets as part of its plans...
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Anil-Ambani led Reliance Group to invest Rs 5,000 cr to set up naval unit in...
Anil Ambani-led Reliance Group has proposed to set up a naval shipbuilding facility in Rambilli, near Visakapatanam. (Reuters) Reliance Group has proposed to set up a naval shipbuilding facility in...
View ArticleAnil Ambani’s Reliance Group stocks surge in today’s trade
Shares of Anil Ambani-led Reliance Capital, Reliance Defence, Reliance Infrastructure, Reliance Power and Reliance Communications were trading higher in the morning trade on Wednesday. The post Anil...
View ArticleRCap sells multiplex ops to Carnival Group
Reliance Capital announced that it has sold off its multiplex business to Carnival Group in line with its objective to focus on the core financial services business and reduce debt.
View ArticleRegulatory censure to blame for slow policy decisions: Anil Ambani
ADAG chairman Anil Ambani on Wednesday blamed the over-reach of bodies like CVC...
View ArticleReliance Infra to buy 18 pct stake in Pipavav Defence for Rs 819 cr
Firm’s loan recast awaiting CDR approval
View ArticleDecision on Pipavav loan recast put off, deal with Reliance Infra hangs in...
A decision on the R12,000-crore loan recast for the loss-making Pipavav Defence and Offshore Engineering was deferred...
View ArticleRCom shares up 3% on merger talks with Sistema
RCom sources said that in the merged entity Sistema, which runs services in the country under the MTS brand, would get a stake of 8-10%.
View ArticleAnil Ambani’s Pipavav Defence forms JV with Russian defence firm for refits...
Pipavav Defence & Offshore Engineering Co (PDOC) has inked an agreement with JSC Ship Repairing Centre Zvyozdochka, Russia, for medium refits and life certification of 877 EKM submarines in India.
View ArticleSC refuses relief to Reliance Comm arm in Rs 1,200-crore power bill row
In a setback to Reliance Infocomm Infrastructure, the Supreme Court on Thursday refused to waive the pre-condition imposed by the Bombay High Court...
View ArticleReliance ADAG gets 289 acres in Maha for defence subsidiary
This will be the largest greenfield project in India’s aerospace industry with the capital investment of over Rs 6,500 crore.
View ArticleReliance Communications-MTS merger likely by month end
Anil Ambani’s Reliance Communications and Sistema Shyam Teleservices, majority-owned by Russia’s Sistema JSFC, which entered into talks in June for a possible merger...
View ArticleAnil Ambani’s Reliance Capital announces Rs 150 crore ESOP scheme
Anil Ambani-led Reliance Capital (RCL) on Thursday announced the launch of the Employee Stock Option (ESOP) Scheme 2015, subject to requisite approvals.
View ArticleReliance Communication gets spectrum with Sistema buy
Deal opens doors for partnership with Reliance Jio
View ArticleSC seeks Reliance Infratel’s response in service tax case
A bench headed by Chief Justice HL Dattu issued notice to Reliance Infratel on an appeal filed by the commissioner of service tax alleging service tax evasion to the tune of Rs 307 crore by the Anil...
View ArticleAnil Ambani’s latest foray: Reliance Health Insurance gets final nod from IRDAI
Reliance Health Insurance, a wholly owned subsidiary of Anil Ambani-led Reliance Capital, has received final approval from the insurance regulator IRDAI to begin operations.
View ArticleAnil Ambani’s RCap says it won’t be able to timely repay debt after CARE...
In a regulatory filing on Saturday night with respect to the disclosure on interest/principal payment on Non-Convertible Debentures (NCDs), RCap said that it will not be able to go ahead with asset...
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