The company will invest Rs 16,000 crore (Rs 160 billion) for network expansion in FY08, said ADAG chairman Anil Ambani on Tuesday in Mumbai.
Reliance Communications will slash the homebound international call tariffs - calls made by Indians visiting abroad - by around 50 per cent to cash in on the growing Rs 800-crore inbound market.
The price-war has begun in the direct-to-home market with the country's largest DTH company Dish TV with over three million subscribers getting ready to offer its connection virtually free. Any consumer who wants to buy a Dish TV connection will not have to pay for the set-top box, the hardware essential to access DTH services, which normally costs Rs 2,500.
The Bombay Stock Exchange on Tuesday said no rule was overlooked while deciding to include the company in the Sensex - the elite index of top 30 companies - in place of Tata Power.
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
Reliance Jio Infocomm, expected to start commercial operations in the Indian telecom space in the next few months, had a net worth of Rs 5,026.16 crore, the company said in a statement submitted to the Department of Telecommunications (DoT) on Monday.
HD TV is all set to make a grand entry in India by the year-end. Direct-To-Home operators -- Dish TV and Reliance Communications -- are planning to offer HD TV set top boxes, though at a premium.
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These phones are SIM-enabled, allowing consumers to move from one CDMA service to another, a flexibility hitherto available only on GSM handsets.
Telephony major Reliance Communications is believed to have short-listed three global IT companies - IBM, EDS and T-Systems - for its $1.5 billion outsourcing contract.
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.
The NSE Nifty ended at 3,643, up 3 points.
A DVR is a device that allows consumers to pause, record, play back, rewind and fast forward their favourite television shows. DTH companies are expected to slash DVRs box prices by nearly half to Rs 7,000-Rs 8,000 per unit. DVRs for cable channels would soon be available for between Rs 3,000 and Rs 4,000, industry sources said.
RComm will test launch its direct to home services Big TV this week, which would include some niche channels that are currently not available in India.
Thursday's ruling does not affect any decision on Russian and Belarusian athletes' participation at the Paris 2024 Olympics which the IOC will take at a later date.
Based on radio frequency identification technology, the phone will work like a credit or debit card.
Indian Railways is in talks with Reliance Jio Infocomm to allow the Mukesh Ambani-led telecom major's use of its towers. The aim is seamless mobile and internet connectivity for passengers along the 67,368-km of tracks. The Railway Board has entrusted its RailTel Corporation arm to work on the modalities with Jio. The Jio tie-up is expected to bring down its telecom bill by at least 35 per cent from this financial year.
Company targets sale of one million handsets a year.
Reliance Communications chairman Anil Ambani on Thursday met Finance Minister P Chidambaram and senior DoT officials, even as his company started examining the books of Hutchison Essar Ltd for a possible bid.
Arun Sarin is the chief executive officer of Vodafone Group Plc, the United Kingdom-based global mobile operator.
Reliance Communications has sought government approval for sponsoring a secondary Global Depository Receipts offering of up to $1.2 billion, representing 6.53 per cent of the total paid-up equity shares of the company.
Hutchison has made it clear to prospective bidders that it can sell its 67 per cent stake in Hutchison Essar without offering the first right of refusal to the Ruias who hold the remaining 33 per cent in the joint venture.
Reliance Communications is in discussions with American billionaire and financier George Soros to raise funds for the Hutch-Essar acquisition.
Dixon Technologies right now is a beehive of activity. It is building a new facility in Noida to make 1.3 million laptops for Taiwanese PC maker Acer. The facility must be up and running in four months. The pace of activity will only increase. Last week Dixon won a similar contract from Lenovo, the Chinese personal computer maker and the third largest information technology (IT) hardware brand in India, to assemble laptops and notebooks. Though the clientele in these two cases is Taiwanese and Chinese, Dixon is a company reaching for the stars with its feet planted firmly in the Indian government's policy.
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The NSE Nifty ended down 22 points at 4,264.
The NSE Nifty ended up 7 points at 4,259.
J M Morgan Stanley and UBS Securities have suggested that Reliance Communication Ventures has surpassed Bharti Airtel in terms of average usage but had lower revenue per subscriber.
Anil Ambani-controlled Reliance Communication Ventures Ltd, whose market cap has touched Rs 65,000 crore
At a session with analysts last Monday, RComm chairman Anil Ambani said the Rs 10,000 crore (Rs 100 billion) investments would be used for network expansion.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
Following Reliance Communications' move to break the sub-Rs 1,000 price barrier in the black and white CDMA sets, mobile phone manufacturers are working hard to break the sub-Rs 2,000 barrier for GSM colour mobile phones.
The telecom services provider had a net profit of Rs 1,395.14 crore (Rs 13.95 billion) in the third quarter of FY'08, RCom said in a filing to the Bombay Stock Exchange. RCom's total income rose by 18.75 per cent to Rs 5,671.82 crore (Rs 56.71 billion) for the quarter under review from Rs 4,776.26 crore (rs 47.76 billion) in the corresponding period last fiscal.
Modi said New Delhi has emphasised on dialogue and diplomacy along with restraint to deal with the situation arising out of the Hamas-Israel conflict.
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