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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.
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 revised GSMA was signed pursuant to the Supreme Court's May 7 judgement, turning down RNRL's demand for cheap gas from RIL based on a family agreement.
The government on Tuesday tabled in Parliament the Comptroller and Auditor General of India (CAG) report on 2G spectrum allocation, whose reported extracts have created a political storm and led to the resignation of Telecom Minister A Raja.
After announcing his re-entry into telecom a few days ago following a patch-up with younger brother Anil Ambani, Reliance Industries' chairman Mukesh Ambani on Friday said that prospects of the sector were much brighter now than they were at the time when he had spearheaded the undivided group's foray.
According to market experts, the proposed buy-back may have a positive impact on the company's stock price.
Brand managers are increasingly exploring advergaming (or in-game advertising) as a medium to attract young gamers while adding a new stream of revenue.
Also mandates pursuing other consolidation options.
While most analysts had valued Reliance Capital's stake in Reliance Life Insurance at Rs. 285 per share, or about Rs. 7,000 crore, this deal values it at Rs. 468 per share of Reliance Capital, which is a huge premium.
If completed, the 50-50 joint venture would value Reliance Communications' cable assets at $1 billion, the newspaper said, adding Citic Telecom beat out two other bidders from West Asia earlier this month.
In a major development, the two Ambani brothers -- Mukesh and Anil -- on Sunday decided to bury their differences and create an environment of harmony, co-operation and collaboration between their groups. "All existing non-compete agreement between the two groups executed in January 2006 cancelled," the Anil Ambani group said in a statement. The harmony comes within a few days of the Supreme Court declining to give any relief to the younger brother in the gas dispute.
However, no formal confirmation of the meeting and the issues discussed could be obtained from either group.
One of the country's biggest corporate court battles, between Ambani brothers Mukesh and Anil, had a celebrity spectator -- King of Bollywood Shah Rukh Khan.
The Supreme Court, on Friday, will pronounce its verdict on the nation's most talked corporate battle over gas supply, outcome of which will shape the future of flagship energy firms run by brothers Mukesh and Anil Ambani.
As many as five women have made it to Forbes India magazine's list of the 100 richest Indians this year, including O P Jindal Group chairperson Savitri Jindal, who surpassed billionaire Anil Ambani to attain fifth position in the list.
Anil Ambani Group company Reliance Capital has acquired a 4.98 per cent stake in an infra developer Trinethra Infra through an open market transaction.
Demerging print and TV news businesses will allow for separate investment by interested players.
The new fund, which is different from gold exchange traded funds that require subscribers to have a demat account, will also offer investors the option to invest as little as Rs 100 per month, the company said in Mumbai.
Top industrialists including Sunil Mittal, chairman, Bharti Airtel on Thursday called on Home Minister P Chidambaram.
Anil Ambani Group firm Reliance Energy, Tata Power, GMR and aluminium manufacturer Nalco are keen to enter nuclear power business, NPCIL Director (Finance) JK Ghai said.
Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit Urban Ventures, allegedly controlled by them.
Tharoor put the blame for the logjam in Parliament on BJP and accused the saffron party of reducing the "temple of democracy to a rubber stamp for its agenda or worse, a notice board to announce its unilateral decisions".
Anil Ambani-led Reliance companies have bagged three awards including the Asia-Pacific Project Sponsor of the Year, announced by Project Finance Magazine of Euromoney Publications on Monday.
Announcing that he would take up the issue with the telecom ministry, he demanded a probe by market regulator Securities and Exchange Board of India into the hammering of Reliance Communications scrip in the last few days.
Anil Ambani Group firm Reliance Broadcast Network on Wednesday said it has completed its final negotiations with US media conglomerate CBS Corp to form a JV to own and operate TV channels.
BSNL on Monday moved the Supreme Court against an order of telecom tribunal TDSAT, directing it to provide interconnection to Anil Ambani group firm Reliance Communications through copper-based link.
A consortium of insurers, led by Anil Ambani group's Reliance General Insurance, has made final payment of $20 million (about Rs 90 crore) towards aircraft insurance claims arising from the Mangalore crash in May.
Reliance ADA Group challenged Sibal to bring on record anything to support his 'wild allegations,' while adding that it would file criminal proceedings against DGH.
The company, which is bullish on its growth prospects, plans to double the gold coin sales from the current 1,000 kg by the end of the current financial year.
According to the agreement, Microsoft will offer Windows Mobile solutions to RCom customers, including push e-mail support, chat, photo-sharing, content back-up and other applications, RCom said.
Reliance Infra has sent a letter to Reliance Industries on September 24 informing the of the shutdown of the 220MW power plant in Andhra Pradesh for maintenance to September 28 instead of a day earlier.
The Telecom Dispute Settlement Appellate Tribunal (TDSAT) upholds government's decision on dual technology for RCom.
The company has reorganised the Big Cinemas operations into geographies to adequately support its expansion in regional markets, Reliance MediaWorks said in a filing to the Bombay Stock Exchange. Big Cinemas would focus on the company's operations in North, East and Central India.
RCom, which launched its nationwide GSM services in January last year, currently offers telephony services on both the GSM and CDMA platforms.
The names of the three projects are -- 'Pirate Latitudes', 'I am Number 4' and 'Harvey'.
Besides Sunil Mittal (Bharti Airtel) and Anil Ambani (Reliance Communications), Sarma has written to Sanjeev Aga of Idea, Anil Sardana of TTSL, Marten Pieters of Vodafone, Kuldip Singh of Mahanagar Telephone Nigam Limited and Kuldeep Goyal of Bharat Sanchar Nigam Limited.
The government advised the warring Ambani brothers several times that they should stop fighting, but failed to bring about a reconciliation, Petroleum Minister Murli Deora said on Wednesday.
The company has executed financing agreements for the imported coal fired project, the largest in South India.
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