Adlabs Films, which is to be acquired by Anil Ambani-controlled Reliance Capital for Rs 360 crore (Rs 3.60 billion), has fixed a price of Rs 175.20 for each share and warrant for preferential issue to be sold to the new buyer.
According to insiders, the induction of Jai Anshul would coincide with the birthday of the late patriarch of Reliance group, Dhirubhai Ambani, in the last week of December.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Combined profit before tax of 81 firms down 37.5% y-o-y, worst show in at least 3 years.
Stiff requirements on branch placement and liquidity make for an arduous path to profitability and scale.
Investment are made in Fixed Maturity Plans and other debt schemes.
Interview with chief investment strategist, Reliance Capital.
The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay nearly $717 million to three Chinese banks within 21 days.
Rather than focusing on profits, market should look at the inherent strength of the balance sheet whether it can withstand difficulties, he said.
A formal sector worker can contribute towards pension scheme till the age of 58.
Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani has taken a huge cut in his total remuneration from his four main companies in 2011-12 at about Rs 5.5 crore (Rs 55 million), lower by nearly two-third from the previous year.
In insolvency proceedings, Ericsson will be treated as only an operational creditor and may end up losing the Rs 550 crore
A plea by former Telecom Minister A Raja that he would not cross-examine prosecution witnesses unless the Central Bureau of Investigation probe is over in 2G spectrum case, was dismissed on Friday by a Delhi court which began formal trial in the matter.
EPFO's advisory body FIC on Thursday shortlisted five entities --ICICI Securities, Reliance Capital, HSBC Asset Management Company, SBI and ICICI Prudential -- for managing its corpus of Rs 3.5 lakh crore (Rs 3.5 trillion).
The biggest losers on the National Stock Exchange's benchmark Nifty 50 index are stocks that have seen the highest turnover over the past 12 months, according a report by Morgan Stanley.
R-Cap, part of the Anil Dhirubhai Ambani Group, may get a controlling stake in the venture if the negotiations fructify.
The group's telecom arm, RCom, saw its shares plunge by 8.11 per cent to a low of Rs 71.35 in morning trade, while Reliance Capital tumbled by 9.91 per cent to a 52-week low of Rs 323.55 on the Bombay Stock Exchange.
Reliance gold scheme does not require demat account.
Dubai Reliance Capital, the financial services arm of Anil Dhirubhai Ambani Group, plans to expand its operations in the Middle East, chief executive Sam Ghosh has said.
Sources said that the Malaysian prime minister invited Ambani to invest in sectors like power, media and financial businesses.
Anil Dhirubhai Ambani Group company Reliance Life Insurance has been awarded a high rating in customer satisfaction for the third year in a row, according to a survey.
Retirement fund body EPFO on Wednesday said its corpus of about Rs 3.5 lakh crore will now be managed only by one of the existing fund manger, SBI, for a three month period ending June 30 as an interim arrangement.
Both RMW and Inox had got into a tussle over acquiring Fame in February, and now analysts say the company which shells out more to shareholders will corner the shares.
Indian companies realise several business opportunities ahead of International Yoga Day on Sunday
Anil Dhirubhai Ambani Group stocks plummeted on Wednesday after ADAG chairman Anil Ambani reportedly met Telecom Minister Kapil Sibal.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
RIL, SBI and ONGC are among the top 200 companies ranked 121st, 150th and 152nd, respectively by US magazine Forbes. New entrants include Hero Honda Motors, Sun Pharma, Indian Bank and Jindal Steel and Power Ltd. However, five Indian companies -- scam-hit IT firm Satyam Computer, realty firm Unitech, Suzlon Energy and two Anil Ambani group firms Reliance Power and Reliance Capital -- have been dropped.
Indian business tycoon Anil Ambani is in talks to take English Premier League club Newcastle United, it was reported on Sunday. British weekly newspaper News of the World said Ambani, the sixth richest man in the world, is already in negotiations with club owner Mike Ashley for a reported 260 million pounds (US $ 510 million) takeover.
Anil Ambani's Reliance Power tops the table with 3.46 million shareholders
Reliance Life's virtual office has become the focal point of real-time interactions for its customers, agents and employees. It offers consumers the ability to review insurance claims and manage their plans; perform online transactions, such as ordering policies; access a consolidated, interactive snapshot of their retirement plans; and receive personalised health and investment news.
The mid- and small-cap indices had a dream run between January 2017 and January 2018 - zooming 48 per cent and 56 per cent, respectively.
The company is also mulling to enter the currency futures space through the exchange. Recently, the Securities and Exchange Board of India had issued guidelines for SME exchange, and had set a minimum net worth criteria of Rs 100 crore (Rs 1 billion) for entity willing to start it.
Reliance HR Services (RHRS), a human resources company formed by the Reliance Anil Dhirubhai Ambani Group (ADAG), will recruit half a million people for the group in the next four years.
It has also got the Reserve Bank's nod to set up a non-banking finance company subsidiary for its consumer loan business, which would primarily focus on vehicle loans and lending to SMEs. Both HFC and consumer finance subsidiaries would be in place in the next two months, and the employees currently working with the related businesses at Reliance Consumer Finance Ltd would be relocated to the new entities.
The fall in the equity markets was to put some pressure on the balance sheets of the top five asset management companies (AMCs) in the country. But, two of them have managed to buck the trend, thanks to the rise in their average assets under management (AAUM).
The total number of agents of Reliance Life at the end of September stood at 211,293. By December-end, the numbers were down by 68,450 to 142,843, according to an investor presentation made by the company.
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