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Anil Ambani

Anil Ambani-led group sets up Reliance Group Corporate Centre under Vision 2030

Anil Ambani-led group sets up Reliance Group Corporate Centre under Vision 2030

Sun, Nov 17, 2024

Reliance Group, led by top businessman Anil Ambani, has launched its Reliance Group Corporate Centre (RGCC). RGCC will serve as a strategic hub that will provide guidance to its companies as they pursue new opportunities and technological advancements.

Reliance Power subsidiary prepays Rs 485 crore debt owed to Singapore-based Varde Partners, becomes zero-debt company

Reliance Power subsidiary prepays Rs 485 crore debt owed to Singapore-based Varde Partners, becomes zero-debt company

Wed, Nov 06, 2024

Rosa Power Supply Company Ltd (Rosa Power), a subsidiary of Reliance Power, has prepaid a Rs 485 crore loan to Singapore-based lender Varde Partners.

Reliance Infra to set up integrated project for manufacturing explosives, ammunition, small arms

Reliance Infra to set up integrated project for manufacturing explosives, ammunition, small arms

Tue, Oct 22, 2024

Reliance Infrastructure, part of the Reliance Group led by top businessman Anil Ambani, has been allotted 1,000 acres of land in Watad Industrial Area in Ratnagiri to develop Dhirubhai Ambani Defence City (DADC).

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SEBI approves Reliance Communications-Aircel deal; stock gains

SEBI approves Reliance Communications-Aircel deal; stock gains

Wed, Mar 15, 2017

In a BSE filing RCom said, "The company has received approval of the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) for the proposed Scheme of Arrangement for demerger of the Wireless division of the Company into Aircel Limited and Dishnet Wireless Limited (the Scheme). "

Reliance Infra expects defence to become its leading business vertical

Reliance Infra expects defence to become its leading business vertical

Tue, Feb 28, 2017

Reliance Infra said, “The company is committed to develop a robust defence business contributing significantly to the national security and to be self-reliant in defence segment. It is confident in becoming one of the leading defence companies in India.”

Anil Ambani to spell out defence biz plans

Anil Ambani to spell out defence biz plans

Sun, Feb 26, 2017

The group officials said Ambani, the group Chairman, will himself interact with the analysts on the defence business and brief them about its future plans and how the defence business is going to be the main growth driver for the group in the years to come.

5 major telcos optimum for Indian market: Telecom Secretary

5 major telcos optimum for Indian market: Telecom Secretary

Sun, Feb 26, 2017

Telecom Secretary's comments assume significance as India -- the world's second largest mobile services market after China -- is in the midst of massive consolidation with incumbent operators joining forces to take on aggressive newcomer Reliance Jio.

Competition Commission of India approves Reliance Infrastructure and Dassault Aviation's joint venture

Competition Commission of India approves Reliance Infrastructure and Dassault Aviation's joint venture

Mon, Feb 06, 2017

This deal is considered as key in execution of offset obligations, as a part of the 36 Rafale fighter Jets purchase agreement worth €7.87 billion, or about Rs.59,000 crore, signed between France and India on September 23, 2016.

Reliance Group bags Rs 916 crore contract from Indian Coast Guard

Reliance Group bags Rs 916 crore contract from Indian Coast Guard

Mon, Jan 30, 2017

Industrialist Anil Ambani-led Reliance Defence and Engineering on Monday said it has signed a contract with the Ministry of Defence for the design and construction of 14 Fast Patrol Vessels for the Indian Coast Guard valued at Rs 916 crore, the company said on Monday.

Credit outlook under pressure if RCom doesn't reduce debt soon: Moody's

Credit outlook under pressure if RCom doesn't reduce debt soon: Moody's

Thu, Jan 26, 2017

Annalisa Di Chiara a Moody's Vice President and Senior Credit Officer said,”The downgrade primarily reflects our expectation that RCom's leverage, as measured by consolidated debt/EBITDA (including Moody's adjustment for spectrum liabilities) will remain above 7x over the next 6-9 months while the company pursues regulatory, shareholder and debt holder approvals for its announced restructuring, including the de-merger of its wireless business and sale of its tower assets.”

Reliance Communications ratings under review for downgrade despite Brookfield deal, Moody's; shares flat

Reliance Communications ratings under review for downgrade despite Brookfield deal, Moody's; shares flat

Thu, Dec 22, 2016

Moody feels there is still lack of clarity on the cash flow generating capabilities of some of Rcom's remaining businesses, as the resulting leverage or cash flow positions following its restructuring can only be estimated within wide bounds.

Debt servicing: Reliance Communications sells tower business to Brookfield Infra for Rs 11,000 crore

Debt servicing: Reliance Communications sells tower business to Brookfield Infra for Rs 11,000 crore

Wed, Dec 21, 2016

KEY HIGHLIGHTS: RELIANCE COMMUNICATIONS SIGNS BINDING AGREEMENTS WITH BROOKFIELD INFRASTRUCTURE AND ITS INSTITUTIONAL PARTNERS FOR SALE OF ITS TOWERS BUSINESS

Reliance Infrastructure gets Sebi nod to launch infrastructure investment trust

Reliance Infrastructure gets Sebi nod to launch infrastructure investment trust

Sat, Nov 26, 2016

Reliance Infrastructure on Friday said it has received capital market regulator Sebi's clearance to launch an infrastructure investment trust (InvIT).

Reliance Industries, GE form global partnership for $25 billion industrial IoT biz

Reliance Industries, GE form global partnership for $25 billion industrial IoT biz

Thu, Nov 17, 2016

Predix is operating system from GE used for the Industrial Internet.

Rafale deal the best India could have got: Defence Ministry

Rafale deal the best India could have got: Defence Ministry

Sun, Oct 23, 2016

"Rafale is the best deal that we have managed. It was because Prime Minister of India and President of France agreed that we have this deal which has not been offered to any other country," Parrikar had said, countering allegations by Swaraj Abhiyan that New Delhi paid double the price for the aircraft.

Spectrum Auction: RJio acquires 269 Mhz for nearly Rs 13,700 crore

Spectrum Auction: RJio acquires 269 Mhz for nearly Rs 13,700 crore

Fri, Oct 07, 2016

The company renewed its expiring spectrum in 800 MHz band in Gujarat circle.

Reliance Infra to sell its transmission business to Adani

Reliance Infra to sell its transmission business to Adani

Wed, Oct 05, 2016

Gautam Adani, Chairman of Adani Group, said “With this acquisition, ATL will enjoy substantial benefit of scale driving and is in sync with the deep-rooted strategy of ATL to enhance the value for the stakeholders through both organic as well as inorganic growth.”

Virtual merger of Reliance Jio and Reliance Communication

Virtual merger of Reliance Jio and Reliance Communication

Tue, Sep 27, 2016

Virtual merger of Reliance Jio and Reliance Communication. Watch this special segment and get to know more here.

Updates from AGM of Anil Ambani Group

Updates from AGM of Anil Ambani Group

Tue, Sep 27, 2016

Updates from AGM of Anil Ambani Group. Watch this special segment and get to know more here.

Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani

Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani

Tue, Sep 27, 2016

"We have all the spectrum we need for 2G, 3G and 4G services plus spectrum trading and sharing agreements with Reliance Jio," he said. "We have accomplished a virtual merger between Reliance Communications and Reliance Jio."

Reliance Capital to list home finance separately arm by April: Anil Ambani

Reliance Capital to list home finance separately arm by April: Anil Ambani

Tue, Sep 27, 2016

Betting big on the financial sector, industrialist Anil Ambani on Tuesday said Reliance Capital expects to list its home finance arm separately by April 2017 while commercial lending and insurance arms can also be listed separately at an "appropriate time".

Can RCom and Aircel disrupt India's telecom market?

Can RCom and Aircel disrupt India's telecom market?

Fri, Sep 16, 2016

Tanu Sharma, Associate Director of India Ratings said, "The merger of the wireless business of RCom with Aircel is a key milestone in the ongoing consolidation in the telecom sector."

Aircel Merger: Reliance Communications shares in red after a positive opening

Aircel Merger: Reliance Communications shares in red after a positive opening

Thu, Sep 15, 2016

"We expect this combination to create substantial long term value for shareholders of both, RCOM and MCB, given the benefits of the wide-ranging spectrum portfolio and significant revenue and cost synergies," Reliance Communication`s chairman Ambani said in a statement.

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