Anil Ambani-controlled Reliance Communication Ventures Ltd, whose market cap has touched Rs 65,000 crore
Anil Ambani-led Reliance Communications on Monday posted a net profit at Rs 702 crore (Rs 7.02 billion) for the second quarter ended September 30, 2006, as against a net loss of Rs 19 crore (Rs 190 million) in the previous quarter.
Anil Ambani-controlled Reliance Communication Ventures Ltd has become an over Rs 90,000 crore (Rs 900 billion) company going by the conversion price of its just concluded Foreign Currency Convertible Bonds.
The fall in metal and mining stocks comes on the back of weak Chinese trade data
Anil Dhirubhai Ambani Group's market capitalisation increased to Rs 86,000 crore (Rs 860 billion) following the listing of the group company -- Reliance Communication Ventures Ltd (RCoVL).
CDMA mobile operator Reliance Communication on Wednesday reduced international calling rates upto 66 per cent for consumers using global calling cards of different denominations.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
The MTN-Reliance Communications merger, if it gets through, will create a telecom behemoth of 115 million subscribers in 25 countries.
Reliance Communication Ventures on Monday got listed at the Bombay Stock Exchange opening strongly at Rs 290 a share.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
MindSquare Technologies is a group company of 1neoteric Technology.
Reliance Communication Inc (USA), owned by Reliance Group, has acquired licence for setting up telecom network in US and UK, a move which will bring down the cost of international long distance calls substantially.
Several high profile companies are burdened with losses, mounting debt and have a huge load of operational costs.
Anil Ambani group company Reliance Communications on Monday posted a net profit after tax at Rs 8.45 crore (Rs 84.5 million) for the quarter ended June 30, 2006.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Indian telecom seems to be getting back on its feet.
Over 1,42,000 people have been rescued from the flood-ravaged parts of Jammu and Kashmir so far, as the relief operations launched by the Armed forces entered the 12th day on Saturday.
The total number of telephone connections in the country crossed the record one billion mark in May, bolstered by growth in number of mobile users.
Telecom major Bharti Airtel led the growth in segment with net addition of 1.31 million subscribers.
Facebook Inc is launching an open platform for online content and application developers to join its Internet.org service.
Mukesh Ambani's Reliance Jio, however, continued to add wireless subscribers
Although the industry is disappointed with the government decision not to lower spectrum prices at a time telcos are saddled with over Rs 4-trillion debt and an estimated Rs 1.43-trillion licence fee dues, the DCC has relaxed the payment structure to offer some relief to the financially stressed sector.
Cellular Operators Association of India (COAI) and Association of Unified Telcom Service Providers of India (AUSPI) have opposed the proposal to compensate consumers.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
Verdicts paving the way for construction of a Ram Temple at Ayodhya and India's multi-billion dollar Rafale fighter jet deal with France were 2019's landmark imprints of the Supreme Court, which also found itself at the centre of a controversy with then Chief Justice of India Ranjan Gogoi being accused of sexual harassment before getting the clean chit.
Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage.
The case relates to the company allegedly developing a software that helps users increase probability of a child of particular gender.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
This is a significant move by Facebook considering the backlash it had from various quarters in India following debates on net neutrality
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