In partnership with different US firms, two companies belonging to Reliance Anil Dhirubhai Ambani Group (ADAG) have submitted competing bids for a single project floated by the Ministry of Coal.
Reliance-Anil Dhirubhai Ambani Group is looking for acquisitions to start its cement business much before it completes its 4,000-Mw mega power project at Sasan in eastern Madhya Pradesh, which is to provide the fly ash that is used to make cement.
Coal ministry says Sasan coal cannot be used for other plant.
The Reliance Anil Dhirubhai Ambani Group on Wednesday threatened to sue three top officials of Mukesh Ambani's Reliance Industries for breach of trust and their inability to protect the interest of shareholders of an ADAG company.
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.
The battle between the Ambani brothers flared up again today -- this time over the Anil Dhirubhai Ambani Group's (ADAG's) bid to seal a merger deal with South African telecom company, MTN.
The Maharashtra government will take a final decision on the Anil Dhirubhai Ambani Group (ADAG)-led consortium's bid for the Rs 6,000 crore (Rs 60 billion), six-lane sea link between Sewri and Nhava Sheva, better known as the Mumbai Trans Harbour Link (MTHL), within two weeks, said Public Works Minister Anil Deshmukh.
He worked on the Delhi electricity privatisation
ADAG, Mahindra BT, L&T Infotech may team up with PEs.
The project is for a concession period of 35 years with an extension clause of another 10 years, the company said in a statement.
The government is considering awarding a grant from the funds of the Jawaharlal Nehru National Urban Renewal Mission to meet a funding gap in the Mumbai metro project's first corridor that is being built by the Reliance Anil Dhirubhai Ambani Group.
After losing out to Bangalore-based GMR group for the controversial Delhi airport modernisation contract, Anil Dhirubhai Ambani group is now set to battle it in Prague, the capital of the Czech Republic, for which bids are shortly to be invited. Late last week, ADAG company Reliance Airport Developers Private Limited submitted an expression of interest to the Prague airport authorities. the ADAG company is willing to take a 100 per cent stake in the airport.
The Dhirubhai Ambani Institute of Information and Communication Technology, Gujarat announces admissions for its B Tech (Information and Communication Technology) programme.\n
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Anil Ambani group firm Reliance Money on Monday joined hands with the Bombay Stock Exchange and the Bombay Bullion Association to launch the country's first organised bullion trading platform.The over-the-counter 'Bullion Spot Market' would be the first of its kind and would be operationalised within a month, the Anil Dhirubhai Ambani Group announced.
The company emerged successful in the revised evaluated bids for the project.
Future Retail's independent directors had last week asked Amazon if it was willing to give a long-term loan to avoid default on repayment of Rs 3,500 crore loan due on January 29. Amazon replied to that saying it was willing to financially assist Future Retail through the Samara Capital deal but the retailer must shelve Rs 24,713 crore deal with the Reliance group.
Two of the country's top business houses -- the Anil Dhirubhai Ambani Group and the Subhash Chandra-controlled Essel Group -- have come together to set up gaming centres across the country. Groundwork for these centres will begin on April 1. Chandra's E-City Media has struck an alliance with Zapak Digital Entertainment to this effect.Globally, gaming is one of the leading entertainment businesses with the industry size pegged at around $35 billion today.
Three special economic zones promoted by Mukesh Ambani and Anand Jain in Navi Mumbai are among among 36 proposals that got cleared by the Board of Approval on Friday.
The 550,000 unorganised drug traders in the country are readying to take on the entry of corporate houses like Anil Dhirubhai Ambani Group
US-based billionaire's $100 million buy values the Anil Ambani company at $3 billion.
As per media reports four global financial giants, including Schroders, Blackstone and US-based Capital, have submitted offers to Reliance Capital for buying a small stake in its mutual fund business -- Reliance Capital Asset Management.
Reliance Money, investment product distribution arm of Anil Dhirubhai Ambani Group, is foraying into retailing of its own brand of gold coins, which would be made exclusively by Swiss precious metal refining major Valcambi.
Reliance Capital, a part of the Anil Dhirubhai Ambani Group, is looking to invest Rs 2,000 crore in insurance businesses in the next three years, which would take the company's cumulative investment in the sector to Rs 4,000 crore.
Billionaire Mukesh Ambani-run Reliance Industries will sell natural gas from its eastern offshore KG-D6 fields to Anil Ambani Group firm's power plant in Andhra Pradesh at government approved rates.
Seeking to bring share trading closer to consumers just like ATMs, Reliance Capital's stock brokerage arm Reliance Money launched on Monday Internet trading services through web-enabled retail kiosks.
A day after the Anil Dhirubhai Ambani Group declared it will be interested in buying out the Dabhol project whenever it is up for sale, Petroleum Minister Murli Deora categorically denied the Central government was considering any such proposal.
The Anil Dhirubhai Ambani Group-promoted Sasan Power was Rs 2,500 crore short of the roughly Rs 15,000 crore it needed to borrow for the project. Now, India Infrastructure Finance Company Ltd has agreed to lend around Rs 2,500 crore. A consortium of 12 domestic banks have already committed around Rs 12,500 crore, with State Bank of India and Power Finance Corporation leading the pack, with Rs 3,500 crore and Rs 1,800 crore respectively.
The Reliance Dhirubhai Ambani Group revealed plans of venturing into the power equipment business.
Future Retail Ltd (FRL) on Wednesday said it has filed an appeal in the Delhi high court against the status quo order on its Rs 24,713-crore deal with Reliance. On Tuesday, a Delhi High Court bench of Justice J R Midha had directed FRL to maintain status quo in relation to its Rs 24,713-crore deal with Reliance Retail that has been objected to by US-based e-commerce giant, Amazon. Following the Tuesday directive, FRL had said it would explore legal recourse.
Eyeing the fast-growing Indian gaming industry worth Rs 270 crore (Rs 2.7 billion), Zapak Digital Entertainment is all set to open 1,000 gaming cafes across the country by December this year. The Anil Dhirubhai Ambani Group company, which presently runs 51 gaming cafes under the brand name Gameplex, will henceforth expand through franchisee model.
Big TV will be the fourth entrant in the 7-million private DTH subscribers market following Dish TV's launch in 2003, Tata Sky (2006) and Sun Direct (2007). Doordarshan's DD Direct Plus is the fifth player (also launched in 2003) but is a free-to-air service.
Plans warrants, preference shares for projects.
ADAG slots Rs 1,200 cr for wind power plants
In what could be a prelude to Reliance Anil Dhirubhai Ambani Group claiming damages against Mukesh Ambani-controlled Reliance Industries for allegedly derailing the merger talks with South Africa's MTN group
Reliance-Anil Dhirubhai Ambani Group (R-ADAG)-owned BIG TV is rolling out a new Rs 30-crore advertising campaign to popularise its soon-to-be-launched interactive services. The company is also reducing rates for certain subscription packages by Rs 500.
Lessons from the legend: What Dhirubhai Ambani spoke about young Indian entrepreneurs.
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