England captain Andrew Strauss and his team were presented the ICC Test Mace by Haroon Lorgat, the ICC Chief Executive and Rod Riley, Executive Senior Vice-President - Reliance Communications, after England completed a 4-0 series victory over India in the fourth Test at The Oval and confirmed their position as the number-one team in the Reliance ICC Test Rankings.
The staggering Rs 35,000-crore (Rs 350-billion) debt of RCom makes it the most indebted telco in the country, and constitutes nearly 10 per cent of the industry's debt of Rs 3.5 trillion.
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.
With seven million new subscribers, India accounted for the highest net addition of mobile subscriptions globally in the second quarter of 2023, according to the August edition of Ericsson Mobility. Among national markets, India was followed by China with five million and the US with three million subscribers. The subscriber penetration in India, however, stood at 79 per cent, compared to 120 per cent in China, the report said.
Global management consultancy firm McKinsey has moved the Bombay high court against Reliance Industries and Reliance Communications for non-payment of dues of Rs 27 crore
In a move that could bring down prices of CDMA handsets further, Qualcomm Inc has licensed Himachal Futuristic Communications Ltd to manufacture 3G CDMA2000 mobile handsets, fixed-wireless phones and line modem cards.
The network has been built by six telcos to handle high bandwidth demands of emerging technologies and applications.
Telco sector has been been cutting back on freebies and discounted minutes to maintain profitability.
Anil Dhirubhai Ambani Group on Wednesday announced the process for listing of the four new companies, which were transferred by Mukesh Ambani group to them on Tuesday, will begin next week.
Most telcos say the speed will surpass fixed broadband as the 5G roll out, which is currently on 360,000 towers, crosses 400,000.
Reliance Communications Ltd's subsidiary Reliance Mobile World on Wednesday announced introduction of LPG gas booking service on mobile phones.
Anil Ambani Group firm Reliance Communications on Friday said its R-World, will be powered by mobile data services and solutions provider, Motricity, which will deliver complete mobile Internet and data services. The mobile data services portal has been developed on Motricitys mCore platform which powers 3G mobile portals of many leading global 3G service providers.
Reliance Capital has two credit verticals -- Reliance Commercial Finance and Reliance Home Finance -- with a cumulative asset of over Rs 25,000 crore.
Reliance Communications has announced an Employee Stock Options Scheme (ESOPs) that will cover over 20,000 employees, including its subsidiaries. The company's ESOPs committee has approved the grant of 17.5 million options to the eligible employees based on a specified criterion.
Reliance Industries has sought environment ministry approval for a $13 billion upgrade to its Jamnagar complex, including a 400,000 barrels per day (bpd) refinery.
The company has also entered into alliances with laptop manufacturers to bundle Reliance NetConnect Data Cards, its President (Personal Business) S P Shukla told a press conference in Bangalore.
Anil Ambani group firm Reliance Communications will acquire Digicable, the country's largest cable TV service provider, in an all-stock deal believed to be worth about $1 billion.
Reliance Infratel, the tower arm of Anil Ambani-led Reliance Communications, has agreed to merge its 50,000-tower portfolio with GTL Infrastructure in a cash and stock deal, making it arguably one of the largest merger and acquisition transactions in India.
The government said on Tuesday it was very clear in its stand imposing a penalty of Rs 150 crore (Rs 1.5 billion) on Reliance Infocomm for violating the licensing conditions by diverting international calls as local calls.
Reliance Big TV, a subsidiary of Reliance Communications, will offer 202 channels initially and increase the bouque to 330-350 over a period of time, company CEO Arun Kapoor said in Mumbai on Tuesday.
India's third largest network service provider, Reliance Communications (RCom), is close to signing an agreement with US-based GetJar to launch its own application store (app store, software modules to run specific tasks on own mobiles), sources said.
For Rs 39, customers can talk for 300 minutes anywhere in India and worldwide
Telecom operators Bharti Airtel, Reliance Jio and Vodafone Idea on Tuesday submitted applications to participate in the Rs 3.92 lakh crore spectrum auction scheduled to start from March 1, according to official sources. This round of auction will be held for 2,251.25 Megahertz (MHz) in seven frequency bands -- 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz 2100 Mhz, 2300 Mhz and 2500 Mhz -- at a cumulative base price of Rs 3.92 lakh crore. "Bharti Airtel, Reliance Jio and Vodafone Idea have submitted applications (for the spectrum auction)," an official source told PTI.
As Reliance Communications (RCom) is struggling to sew up a deal with South African telecom major MTN, another Indian telecom service provider Tata Communications is all set to get a majority stake in South African telecom firm Neotel.
Bharti Airtel, Vodafone, Reliance Communication and other GSM telephone operators owe government over Rs 451 crore (Rs 4.51 billion) in license fee and spectrum charges, the Rajya Sabha was informed on Thursday.
The company added 2.8 million wireless subscribers on its GSM and CDMA platforms in the month of June, RCom said in a statement. RCom offers telephony services on both GSM and CDMA platforms.
Reliance on Saturday announced a significant drop in the calling rates to the United States and Canada on its Reliance Global Call Card.
Intel, the world's largest chipmaker, is understood to be in talks with leading Indian telecom companies like Tata Communications (formerly VSNL), Bharti Airtel and Reliance Communications that could bid for broadband wireless access spectrum to be auctioned by the government in January 2010.
Intensifying 3G tariff war, Reliance Communications (RCom) on Friday announced up to 61 per cent cut in rates, following similar reduction by Airtel and Idea.
The government will soon resolve the security concerns surrounding third-generation (3G) video calls.
The ADA Group's recent decision to sell a stake in Reliance Communications and merge its telecom tower business with GTL Infra will help it reduce a mounting debt burden.
Reliance Infratel, the tower business of Anil Ambani-controlled Reliance Communications, is learnt to be in talks with another tower firm GTL to part-sell its stake and also combine the businesses of both entities.
The Unified Licence for all 22 Service Areas across India will make the company the first telecom operator in the country to get pan India Unified Licence, the company said in a statement.
Reliance Communications (formerly Reliance Infocomm) Chairman Anil Ambani was on Friday summoned by a city consumer forum to personally appear before it on August 30 in connection with a complaint.
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