Reliance-Anil Dhirubhai Ambani Group (R-ADAG)-controlled BIG TV has accepted an offer to re-negotiate its aborted deal with the Board of Control for Cricket in India (BCCI) for on-ground partnership rights of the Indian Premier League (IPL), provided the offer price is lowered.
The Anil Dhirubhai Ambani Group company Reliance Communications, which is in the process of bidding for Hutch-Essar, is planning to list its undersea cable business unit Flag Telecom in London to raise over $500 million.
The first private FM radio started airing its programmes in Srinagar on Monday.
The board formally approved 10 SEZs, including a 16 hectare IT zone of Tata Consultancy Services in Kolkata, Saloni Business Park Private Ltd's 27.5 hectare biotech zone in Thane and a 4.77 hectare electronic hardware and IT zone in Raigad, proposed by Modern India Property Developer.
Adlabs Launches India's First 6D Cinema at Agra. This cinematic technology promises out of this world experiences where the audience can simultaneously see, smell, hear, touch and 'feel' the movie by using cutting-edge visual and audio effects.
The first off the block appears to be the Reliance Anil Dhirubhai Ambani Group (R-ADAG), which is investing Rs 1,200 crore (Rs 12 billion) in setting up a large drug distribution backbone.
Shah Rukh Khan's Kolkata Knight Riders have signed on Zapak Digital Entertainment, a Reliance Anil Dhirubhai Ambani Group (ADAG) venture, to develop online games for them. As part of the exclusive one-year tie-up, Zapak will create a cricket gaming zone on the official website of the Knight Riders and is said to make an investment of Rs 1 crore (Rs 10 million) in the deal. The exact value of the deal is not known. The portal has already gone live with two games.
Licence winners are expected to be announced by the first quarter of 2014.
Flag Telecom, a 100 per cent subsidiary of Reliance Communication (RComm), has mandated Goldman Sachs and Deutsche Bank as lead managers for the maiden initial public offering (IPO) on the London Stock Exchange.
This will help the company reduce its debt that has doubled to Rs 40,177.6 crore in four years.
Reliance Anil Dhirubhai Ambani Group (R-ADAG) is all set to begin a price war in the direct-to-home market by offering its connection about 43 per cent lower than any of the existing players. Big TV will offer its DTH service for Rs 1,490, while the lowest-priced connection is currently being offered by Dish TV at Rs 2,190, followed by Tata Sky at Rs 2,400.
Ambani to up ante by $3 bn on Ruia's hint at larger premium.
His global experience, deep business acumen and long association with the Tata Group will prove invaluable in his new role: ICICI Bank MD and CEO Chanda Kochhar.
The Congress has raised several questions on the Rafale deal, accusing the government of compromising with national interests.
Bandhan Bank is the first bank to be launched in eastern India post Independence.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
'It's the brazen corruption involving politicians that makes you sit up years after the event,' notes Nivedita Mookerji after reading B K Syngal's Telecom Man.
After spending two seasons with the team as player, Australia's two-time World Cup-winning captain Ricky Ponting will take over as head coach of Mumbai Indians for the eighth season of the Indian Premier League. He will replace John Wright, who was the team's coach for Season 6 and 7.
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
Penalty for unapproved policy changes allegedly reduced from Rs 17,500 crore to Rs 20 lakh
China on Monday said Indian Prime Minister Manmohan Singh's three-day visit from Tuesday is of great importance for deepening strategic partnership amid expectations that the two sides would sign some key pacts, including one to prevent incursions along the LAC.
Most business groups in India, including Godrejs, Tatas and Mahindras, have seen patience tested in JVs, with some of them winding up quickly
The agency would probe whether Sibal had shown undue favour to RIL.
Defence minister claims MoD 'alive and kicking' after 'getting the weeds out'.
'There is no secrecy clause to the price (of the aircraft).' 'There can be secrecy on the capability of the nuclear payload of aircraft and things like that, but the price is hardly a secret.'
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
The Delhi high court on Tuesday allowed the Central Bureau of Investigation and the Enforcement Directorate's pleas seeking an early hearing into the appeals challenging the acquittal of former telecom minister A Raja and others in the 2G spectrum allocation case.
Meanwhile, Congress president Rahul Gandhi took a swipe at the Modi government and Anil Ambani over the Rafale issue, saying that in order to bag India's biggest defence contracts one has to be a "defaulter of Rs 45,000 crore" and have "no relevant experience".
Friendlier government policies, greater demand and better supply of coal have fuelled investor interest.
As global economies contract because of the Covid-19 pandemic, the focus of most of the India Inc has now moved back to the home market where demand is expected to pick substantially from the coming festival season.
L&T chairman AM Naik is worried about few things.
The Sensex took less than two years to rally from the 10,000-mark it first hit in February 2006 to double that on that New Year's Eve.
Engineering conglomerate fended off three corporate raids but emerged stronger.
The ED, in its chargesheet, had alleged that Rs 200 crore was paid by Swan Telecom (P) Ltd promoters to DMK-run Kalaignar TV.
Companies with contrasting financial ratios enjoy similar credit ratings; agencies say they look at many other metrics.
Prayas Jain has been arrested for allegedly buying secret documents.
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