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.
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.
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.
'Rahul is only making a pathetic public spectacle of his lack of judgment and good sense by hallucinating that somehow, the Congress, or whatever political combine is cobbled together, will displace the BJP at the coming Lok Sabha election by constantly harping on the Rafale deal,' argues retired civil servant B S Raghavan.
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 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.
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'.
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.
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.
Anil Ambani Group firm RNRL on Tuesday welcomed the government's move to protect NTPC's interest on sourcing gas from Reliance Industries, saying effective legal steps will defeat the Mukesh Ambani firm's 'malafide attempts to dishonour' its commitment.
The company has executed financing agreements for the imported coal fired project, the largest in South India.
Continuing its attack on Petroleum Ministry, Anil Ambani group on Thursday criticised it for its failure to attract top global players for oil and gas exploration and production due to lack of sanctity attached to concluded contracts.
"Any Reliance Money customer who has an Internet access through a GPRS or CDMA-enabled mobile phone can log in to the Reliance Money website using his or her existing user ID, security token number and trade in equities and commodities," said Reliance Money Director and CEO, Sudip Bandhopadhyay. With this initiative, the company will now be tapping approximately 347-million telecom users based in India.
It is business and days of big announcements on Sundays for industrialist Anil Ambani, contrary to golf and get-togethers for the rest of the corporate world.
After rejecting a request for financing the 4,000 MW ultra mega power project in Sasan, Madhya Pradesh, last Thursday, the Exim Bank reversed its decision on Monday after a conversation its chief Fred P Hochberg had with Anil Dhirubhai Ambani Group chairman Anil Ambani.
Manoj Tirodkar, chairman of GTL Infra, spoke to Arijit Barman & Katya Naidu bout the different aspects of the transaction.
Demerging print and TV news businesses will allow for separate investment by interested players.
The government's decision to buy 36 Rafale fighter jets from French company Dassault has become a controversial political issue, with the main opposition party Congress levelling allegations of corruption and impropriety, and the ruling dispensation defending the move.
Reliance Industries Limited's chairman Mukesh Ambani last week told company shareholders that his firm will supply gas to ADAG plants as and when they are ready and it is subject to the allocation being made by the government.
Reliance Industries chairman and managing director Mukesh Ambani confirmed the truce pact with Anil Ambani.
Over 500 farmers on Wednesday approached the district authorities seeking return of land sold to Anil Ambani-controlled Reliance Power, but expressed inability to repay the compensation in one-go, a government official said.
Reliance Infratel, the tower business of Anil Ambani-controlled Reliance Communications, is learnt to be in talks with another tower firm GTL to part-sell its stake and also combine the businesses of both entities.
Anil Ambani Group's DTH arm Reliance BIG TV is believed to be in discussion with content providers like Max Broadcasting, Warner Home Entertainment Group and CNN to acquire non-film content for its pay per view platform.
Reliance Industries' annual general meeting on Friday will be unique in many ways. It's the first AGM after the Supreme Court judgment on K-G gas, the first after the truce between Mukesh and Anil Ambani and the first after the company's big-bang return to telecom.
Leading telecom players like RCom, Tatas, Vodafone and Idea Cellular failed to bag a single circle for Broadband services, saying the BWA spectrum price was too high to make a viable business case.
The government on Saturday filed a petition before the Supreme Court seeking a direction to declare as 'null and void' the private family agreement of the Ambanis that provides for gas supply by Reliance Industries Limited to Reliance Natural Resources Limited. The government petition has named as respondents RIL led by Mukesh Ambani and RNRL headed by Anil Ambani, which have separately filed cross-petitions against the Bombay High Court's June 15 judgment.
The Ambani brothers, Mukesh and Anil, will share dais at Vibrant Gujarat Global Investors' Summit (VGGIS) beginning in Ahmedabad on January 12.
All the 700-odd employees of RMWL will get new cards and stationary with a new signature logo which will have RMWL as the umbrella brand and the business divisions alongside -- BIG FM, BIG Live, BIG Street, BIG Digital.
Within 24 hours of the brothers Ambani deciding on a ceasefire, the stock market and Reliance pundits are out with their calculators to figure out the financial implication of ending the non-compete terms five years in advance and the loss that Anil Ambani's Reliance Natural Resources Limited would incur post the Supreme Court verdict.
Three weeks after the Supreme Court judgement, the brothers Ambani have formally decided to create an overall environment of harmony, co-operation and collaboration.
Protests and a ban greeted Hrithik Roshan's latest film in Karnataka.
In February, Wang Jianzhou, China Mobile's chairman and CEO, told Business Standard at the Mobile World Congress in Barcelona that the company was keen to expand to India. China Mobile has over 450 million subscribers. RCom, which offers CDMA mobile telecom services and started GSM services a few months ago, has over 70 million customers. An RCom spokesperson declined to comment and an email query to China Mobile was unanswered.
The apex court had sought the response after Anil Ambani-led RNRL had consented to government being made a party in the dispute. RNRL contended that it was entitled to receive the gas at $2.34 per unit from Mukesh Ambani group RIL which had entered into an arrangement for supplying gas to NTPC at that rate.
ADAG Chairman Anil Ambani on Friday said his group had no immediate plans to seek review of the Supreme Court verdict that rejected cheap gas to group firm RNRL from Mukesh Ambani-led RIL.
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