In a bonanza for its shareholders, billionaire Anil Ambani-led Reliance Communications on Sunday announced it is hiving off its entire real estate assets, estimated to be of around Rs 12,000 crore (Rs 120 billion), into a separate listed company.
Reliance Communications on Wednesday announced 1,000 free minutes of usage for GSM subscribers for calls to any other Reliance mobile in the Delhi-NCR region.
Telecom major Reliance Communications on Thursday launched what the company said would be the fastest wireless internet service in the country to date.
At a time when exchange-traded funds (ETFs) were unloading Jio Financial Services from their portfolios, some active fund managers were placing large bets on the demerged financial services arm of Reliance Industries Ltd (RIL), a report by Nuvama Alternative & Quantitative Research shows. Motilal Oswal Mutual Fund and Quant Mutual Fund were the top MF buyers of the stock in August. They bought around 60 million shares each, together investing around Rs 2,800 crore.
With just the state-owned BSNL offering dedicated Apple iPad 3G data plans, tablet PC users claim it has hampered the adoption.
Market sources said that RCom has made an initial commitment to invest between Rs 25-30 crore.
Shares of the Anil Ambani-promoted firm ended 1.90 per cent higher at Rs 64.50 on the BSE. During the day, the stock had jumped 9 per cent to Rs 69.
This was the most serious cable disruption since 2001, when a submarine cable connecting the mainland with the US was cut off.
Operators oppose levying of charges for additional spectrum with retrospective effect.
Amazon Prime Video has announced 69 assorted Web series and movies, and the slate sure looks interesting.
The Army has decided to operationalise command cyber operations and support wings as part of its efforts to modernise its online networks as well as to ensure their effective protection.
Reliance Communications, India's second-biggest mobile operator, has decided to demerge its telecom tower business -- Reliance Infratel (Rel Infra). The company's board has approved a proposal to restructure the ownership of the tower firm to help create an independent tower company.
Reliance Capital has two credit verticals -- Reliance Commercial Finance and Reliance Home Finance -- with a cumulative asset of over Rs 25,000 crore.
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.
Sunil Bharti Mittal's Bharti Airtel retained the top rank with a market share of 33.21 per cent and a total user base of 77.48 million. Vodafone-Essar added 1.87 million and maintained a market share of 23.41 per cent. COAI, which does not include Reliance Telecom, estimates RT added at least 370,000 subscribers in the month,
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.
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.
'We are calling companies to set up assembly plants for mobile phones while all the components are imported.' 'Only the last turn of the screwdriver is done here. And you call it self-reliance, Atmanirbharta, etc.' 'Unless you invest in research, you will not climb up the ladder. But this government is happy getting sub-contract work.'
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.
The network has been built by six telcos to handle high bandwidth demands of emerging technologies and applications.
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.
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.
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 Communications Ltd's subsidiary Reliance Mobile World on Wednesday announced introduction of LPG gas booking service on mobile phones.
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.
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.
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.
For Rs 39, customers can talk for 300 minutes anywhere in India and worldwide
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.
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.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances