Company targets sale of one million handsets a year.
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.
Walt Disney finds another platform for its cartoons -- your mobile.
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.
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.
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.
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.
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).
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
Anil Ambani's Reliance Power tops the table with 3.46 million shareholders
The government is considering withdrawing legal cases against telecom companies, involving disputes of about Rs 40,000 crore, a source said on Tuesday. In line with this, the Department of Telecom has already filed an affidavit before the Supreme Court in a case against Anil Ambani-promoted Reliance Communications to take an informed decision whether to proceed with the present appeal or not, the source said. DoT has said the telecom sector is passing through a financial stress due to various circumstances and telecom services providers are making losses.
Reliance Industries on Monday categorically denied any intent to bid for the UK telecom group, BT. RIL dismissed a report titled `Reliance mulling bid for UK's telco BT Group' as "completely speculative and baseless". "We categorically deny any intent to bid for the UK telecom group, BT, formerly British Telecom, as reported in the article...," Reliance Industries Ltd (RIL) said in a communication to BSE.
Critics say the programme, launched 10 months ago in India in collaboration with operator Reliance Communications, violates principles of net neutrality
The company had posted net profit of Rs 156 crore a year ago.
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.
Ambani said Jio will offer the world's lowest data tariff
The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular
The Sensex opened with a positive gap of 61 points at 16,782. It finally ended with a gain of 405 points at 17,126. Bharti Airtel zoomed 9.6% to Rs 925 and RCom soared 8.3% to Rs 577. ICICI Bank surged 4.5%, HDFC and SBI rallied 4% each, Satyam, NTPC and Larsen & Toubro were up over 1% each and ITC, ONGC, R-Energy, Wipro, Tata Steel, BHEL and M&M were other gainers. ACC dropped nearly 2% to Rs 783 while Maruti and DLF were down around 1%.
Investing the time and resources needed to acquire new skill sets and sharpen existing ones will enable you to stay relevant and make you more employable, says Ankit Aggarwal, founder and CEO of Unstop.
Reliance Communication Ventures on Monday got listed at the Bombay Stock Exchange opening strongly at Rs 290 a share.
The website will now be repositioned as an e-commerce portal such as eBay.
Spectrum auction ends, brings Rs 1.09 tln to govt kitty.
RCom may get around Rs 4,500 crore by trading its radiowaves to Reliance Jio.
Telcos may hike mobile rates to recover spectrum cost: Moody's
In a move towards gender inclusion, Tamil Nadu has partnered Godrej Consumer Products (GCPL) to offer a 5 per cent job reservation for LGBTQAI+ and people with disabilities at GCPL's upcoming fast-moving consumer goods manufacturing unit in Thiruporur in Chengalpattu district. According to industry experts and activists, while companies acknowledge transgender communities, this is the first time the entire spectrum of gender minorities, including lesbian, gay, bisexual, transgender, queer/questioning (one's sexual or gender identity), asexual and intersex, is receiving such a notable share of job participation in the private sector while signing memoranda of understanding with states.
In what is in effect a deposit to be paid into court pending a full trial in the case, Judge David Waksman has set a six-week timeline for Anil to pay $100 million to three Chinese banks as he concluded that he did not accept Ambani's defence that his net worth was nearly zero or that his family would not step in to assist him when "push came to shove".
The fall in metal and mining stocks comes on the back of weak Chinese trade data
China Development Bank takes Reliance Communications to NCLT over loan default
