R-Infra quoted Rs 42-crore (Rs 420-million) premium over the bids of rival companies such as GVK Power and Infrastructure Limited, GMR Infrastructure, B Sennaih and C&C, JMC Srei and Sadhbhav, sources told Business Standard.
The first-phase of the three-phase project is to set up the trade tower on over 4 million sq. ft area. The second phase is to develop the business district on 30 acres in seven years. In the third phase the remaining 16.28 acres of the business district on would be developed.
Confirming the development, Chairman Venugopal Dhoot said, "We will use the CDMA technology for mobile services in the country."
The Reliance Anil Dhirubhai Ambani Group is poised to take another leap forward in the film arena with the launch of BigFlicks.com
Reliance Anil Dhirubhai Ambani Group's entertainment division today launched BigFlicks.com, a video-on-demand portal.
Reliance Money has emerged as the top brokerage house in terms of online security and cost effectiveness, while Motilal Oswal leads as the most research driven stock trading platform, a survey says.
R-ADAG has taken on board Ashutosh, the business head of Sahara One and Entertainment's Hindi movie channel Filmy, as the COO for its upcoming movie channels.
Reliance Money, the financial products distribution company of Anil Dhirubhai Ambani Group, launched on Monday services in rural markets with an initial target of tapping 1,000 talukas across five states in the country.
The Reliance Anil Dhirubhai Ambani group is setting up TowerX, a tower tenancy exchange platform, through which mobile operators
Anil Dhirubhai Ambani Group company Reliance Energy Ltd on Thursday announced it has bagged three road projects valued at Rs 2,320 crore (Rs 23.2 billion) from National Highways Authority of India.
The company has entered into exclusive tie-ups with the US-based PopCap Games, Playfirst, and Russian game developer and distributor, Alawar, to provide content for casual (not the high-end ones) games.
This follows a letter by RIL to the ministry, justifying the increase in capex.
Anil Dhirubhai Ambani Group's Reliance General Insurance has become the second largest non-life private insurer, toppling Bajaj Allianz, in terms of premium collections of Rs 221 crore (Rs 2.21 billion) in April.
Reliance Communications will be investing around Rs 15,000 crore (Rs 150 billion) to set up and install an additional 15,000 base transceiver stations in the country.
Led by wife Latha and Adlabs, the film will start soon.
The Ruias, Anil Dhirubhai Ambani group, Hindujas and Vodafone are all believed to have put in their bids.
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 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.
ADAG, Mahindra BT, L&T Infotech may team up with PEs.
The Reliance-Anil Dhirubhai Ambani Group has picked up a 15 per cent stake for Rs 225 crore (Rs 2.25 billion) in a new international airport coming up at Aranmula in Pathanamthitta district of central Kerala.
The Reliance-Anil Dhirubhai Ambani Group (R-ADAG) has picked up a 15 per cent stake for Rs 225 crore (Rs 2.25 billion) in a new international airport coming up at Aranmula in Pathanamthitta district of central Kerala.
The company had a net profit of Rs 1,636.61 crore (Rs 16.36 billion) in the same quarter previous year, Reliance Communications said in a filing to the Bombay Stock Exchange.
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.
Reliance Natural Resources Ltd (RNRL) lost more than a fourth of its market capitalisation in just two days of trading after the Reliance Anil Dhirubhai Ambani Group (R-ADAG) announced its merger with sister firm Reliance Power (R-Power).
The ratio is based on the valuation made by consultancy firm KPMG.
Reliance MediaWorks on Thursday said it has acquired an additional 1.89 lakh shares of Fame India along with two other group firms, taking the total stake in the multiplex chain to 14.34 per cent.
RELIINFRA's withdrawal effectively leaves the field free for the only other bidder -- the consortium of Mukesh Ambani-promoted SeaKing Infrastructure Ltd (SKIL) and IL&FS. The RELINFRA consortium had quoted a concession period of nine years and 11 months against the SKIL consortium's 75 years.
In an e-mail written on February 4, the Anil Dhirubhai Ambani Group firm has asked Fame's promoter Shravan Shroff to explain why he sold his family's 43.28 per cent in Fame India to INOX Leisure for Rs 44 a share when Reliance had made a 'firm offer' to buy it for Rs 80 a share.
Billionaire Mukesh Ambani's children -- Isha, Akash and Anant -- on Monday were appointed on the board of his energy-to-technology conglomerate Reliance Industries Ltd, in what is seen as a clear path of succession planning at India's most valuable company.
A bench headed by Chief Justice K G Balakrishnan was hearing a petition moved by Reliance Power, promoted by the Anil Dhirubhai Ambani Group, against the Jagrut Grahak Suraksha Mahila Mandal alleging that there was a 'malafide and illegal campaign by certain interested persons to stop or delay the IPO to be launched on January 15.'
The group has earmarked over Rs 4,000 crore (Rs 40 billion) to acquire coal mines in foreign countries.
Power sector firms that entered the capital market this year include Power Finnace Corp and PowerGrid Corp. Besides, there have been smaller issues from Suryachakra Power and Indowind Energy, which mopped up nearly Rs 135 crore (Rs 1.35 billion) collectively from their IPOs.
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