News for 'reliance group'

What Plan Should Heart Patients Opt For?

What Plan Should Heart Patients Opt For?

Rediff.com16 Oct 2023

Cardiac patients whose proposals for a regular health insurance plan get turned down should apply for a cardiac-specific plan.

Reliance Retail, Bharti in talks to buy Carrefour India assets

Reliance Retail, Bharti in talks to buy Carrefour India assets

Rediff.com8 Jul 2014

Reliance Retail and Bharti Enterprises are understood to be in talks to buy India assets of the world's second largest retailer Carrefour that has decided to exit the country by closing its five stores.

Ambani sets goals for children; cites Messi to explain leadership

Ambani sets goals for children; cites Messi to explain leadership

Rediff.com29 Dec 2022

Billionaire Mukesh Ambani has set targets for his three kids whom he has identified for takeover of telecom, retail and new energy business. Speaking at his father Dhirubhai's anniversary, celebrated as Reliance Family Day, he said the oil-to-telecom-to-retail conglomerate Reliance industries Ltd has embarked on a journey of comprehensive self-transformation. "The end of 2022 is when Reliance will have crossed the half-way mark of its Golden Decade.

CBI trying to stop trial against Reliance Telecom?

CBI trying to stop trial against Reliance Telecom?

Rediff.com13 Aug 2014

The Supreme Court has asked the CBI to place before it the "files and notings" which purportedly suggest that its Director Ranjit Sinha wants stopping of whole trial against Reliance Telecom Ltd (RTL) and three top executives of the Reliance ADAG, who are accused in the 2G spectrum scam case.

US chipmaker AMD to invest $400 mn in India

US chipmaker AMD to invest $400 mn in India

Rediff.com28 Jul 2023

US chipmaker Advanced Micro Devices (AM) on Friday announced a $400 million investment in India over the next five years and said it will build its largest design centre in Bengaluru. AMD chief technology officer Mark Papermaster made the announcement at the annual semiconductor conference in the presence of Prime Minister Narendra Modi. Undeterred by Taiwan's Foxconn pulling out of his group's $20 billion semiconductor-making venture, mining baron Anil Agarwal said the first phase of Vedanta's chip-making project will be ready in two-and-a-half years.

World's largest value creators; Reliance  2nd

World's largest value creators; Reliance 2nd

Rediff.com9 Sep 2010

Reliance Industries has been ranked second in the list of world's 10 biggest 'sustainable value creators'.

Spectrum auction: TDSAT rejects RCom plea

Spectrum auction: TDSAT rejects RCom plea

Rediff.com20 Aug 2012

However, TDSAT has asked govt to dispose of two representations made by the company on the guidelines.

Post sale of Future group, Biyani will keep home retailing biz going

Post sale of Future group, Biyani will keep home retailing biz going

Rediff.com11 Sep 2020

Future's home retailing interests, including furniture and furnishings, are housed under Praxis Home Retail, which was created in FY18 when the group demerged the business from Future Retail.

Kejriwal attacks Modi on Reliance gas issue

Kejriwal attacks Modi on Reliance gas issue

Rediff.com21 Feb 2014

Training his guns on BJP's prime ministerial candidate again over the Reliance gas issue, the Aam Aadmi Party on Friday asked Narendra Modi whether he will bring down the gas price if he comes to power.

More trouble for Anil Ambani as lenders may not bail out RCom

More trouble for Anil Ambani as lenders may not bail out RCom

Rediff.com23 Feb 2019

In a meeting on Thursday evening, the RCom management, led by CEO Punit Garg, requested the bank representatives to release Rs 260 crore it received as I-T refund so that it could repay the dues to Ericsson.

Governance, funding info key to Adani ratings: S&P

Governance, funding info key to Adani ratings: S&P

Rediff.com22 Mar 2023

Weeks after it revised the rating outlook of two companies of embattled Adani group, S&P Global Ratings on Wednesday said it is watching for additional information on the conglomerate's governance and funding for any ratings action. Investors, it said, seek clarity on the credit impact of a string of allegations against the group in a short-seller report published in late January, and on the findings of a recently launched Supreme Court investigation. S&P Global published an FAQ-style commentary titled, "Adani Group: The Known Unknowns".

Reliance Life to train aspiring insurance agents

Reliance Life to train aspiring insurance agents

Rediff.com10 Jan 2011

Under the current norms, a prospective agent needs to undergo mandatory 50 hours of training.

The untold story of how Reliance acquired Network 18

The untold story of how Reliance acquired Network 18

Rediff.com4 Jul 2014

Raghav Bahl's control diluted by resolution in Nov 2012; net cash outflow for RIL group entities about Rs 1,341 crore.

Future Retail gets 90 more days to conclude insolvency pocess

Future Retail gets 90 more days to conclude insolvency pocess

Rediff.com14 Apr 2023

The NCLT has granted Future Retail Ltd (FRL) an extension of 90 days for concluding the Corporate Insolvency Resolution Process (CIRP) of the company. Allowing FRL's plea the Mumbai bench of the National Company Law Tribunal (NCLT) has extended the deadline to July 15, 2023, for concluding the CIRP of FRL. "... NCLT on April 13, 2023, heard the application and granted the said exclusion of 90 days from CIRP of FRL and consequent extension for completion of CIRP till July 15, 2023," said a regulatory filing from the company.

The Complete Hotelier And Host Extraordinaire

The Complete Hotelier And Host Extraordinaire

Rediff.com17 Nov 2023

Shreekant Sambrani remembers P R S 'Biki' Oberoi, personal friend and hospitality icon, who passed into the ages this week.

Reliance Power to be listed in early Feb

Reliance Power to be listed in early Feb

Rediff.com4 Jan 2008

Reliance Power announced its IPO plans in Mumbai. It is likely to be listed in Feb and aims at raising close to USD three billion.

RNRL, Reliance Power merger swap fixed at 4:1

RNRL, Reliance Power merger swap fixed at 4:1

Rediff.com5 Jul 2010

The ratio is based on the valuation made by consultancy firm KPMG.

Nippon Life to buy 26% Reliance Life pie for $680m

Nippon Life to buy 26% Reliance Life pie for $680m

Rediff.com14 Mar 2011

The transaction pegs the total valuation of Reliance Life Insurance at approximately Rs 11,500 crore ($2.6 billion), the statement said, adding that the transaction is subject to necessary regulatory approvals.

Reliance Money goes rural; eyes 10k outlets

Reliance Money goes rural; eyes 10k outlets

Rediff.com13 Aug 2007

Reliance Money, the financial products distribution company of Anil Dhirubhai Ambani Group, launched on Monday services in rural markets with an initial target of tapping 1,000 talukas across five states in the country.

Reliance catches up with ONGC in gas

Reliance catches up with ONGC in gas

Rediff.com26 Jun 2004

Reliance Big TV plans to divest 49% in DTH arm

Reliance Big TV plans to divest 49% in DTH arm

Rediff.com29 Apr 2009

To expand its services in the five-player private direct-to-home market, Reliance Big TV Ltd, the promoter of Big TV DTH services of the Reliance ADA Group, plans to sell up to 49 per cent to foreign private equity companies and global DTH players.

All about the Ambani gas war

All about the Ambani gas war

Rediff.com22 Jul 2009

Even four years after splitting the Reliance empire, the Ambani brothers still seem to be washing dirty linen in public: the latest battle is over gas pricing.

Reliance Media World lists at Rs 89.75 on BSE

Reliance Media World lists at Rs 89.75 on BSE

Rediff.com4 Dec 2009

The shares of the company, which operates radio station Big 92.7 FM, opened at Rs 89.75 and soon gained momentum to touch a high of Rs 138.40 on the BSE.

Anil Ambani names 3 group MDs

Anil Ambani names 3 group MDs

Rediff.com27 Oct 2006

Reliance Energy plans to buy back shares

Reliance Energy plans to buy back shares

Rediff.com31 May 2004

Reliance Energy Ltd is planning to buyback part of its equity shares from the market.

Robust growth ahead for pvt insurers; HDFC Life may see stronger momentum

Robust growth ahead for pvt insurers; HDFC Life may see stronger momentum

Rediff.com17 Sep 2023

Private players continued to show strong momentum in the life insurance individual new business segment during August, 2023. On an aggregate, the industry registered 14 per cent growth year-on-year (Y-o-Y) compared to 15 per cent in July '23. Private players were up 21 per cent Y-o-Y, up from 16 per cent Y-o-Y in July '23, while public insurers' growth was muted at 3 per cent.

AV Birla Group plans retail foray

AV Birla Group plans retail foray

Rediff.com23 Aug 2006

On the heels of Reliance Industries foraying into the lucrative retail business, Birla Group too contemplates rolling out its organised retail initiative.

Essel, Reliance Jio, Fortis plan big projects in UP

Essel, Reliance Jio, Fortis plan big projects in UP

Rediff.com12 Jun 2014

Essel Group, Reliance Jio, Fortis and 17 others on Thursday signed initial pacts to invest over Rs 39,000 crore (Rs 390 billion) in Uttar Pradesh, with Chief Minister Akhilesh Yadav promising the investors all possible support.

BOI drags Future Retail to insolvency tribunal NCLT

BOI drags Future Retail to insolvency tribunal NCLT

Rediff.com14 Apr 2022

Public sector lender Bank of India has moved to the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Future Retail Ltd and a moratorium over the assets of the Kishore Biyani-led debt-ridden firm. Besides, Bank of India (BOI), the lead banker of a consortium of banks that lent money to Future Retail Ltd (FRL), also suggested the insolvency tribunal appoint Vijay Kumar V Iyer as the interim professional of the company. Meanwhile FRL, in a regulatory filing, said it has been served and received a copy of the petition and is in the "process of taking legal advice".

Are Markets In An Oversold Zone?

Are Markets In An Oversold Zone?

Rediff.com8 Nov 2023

'Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.'

Reliance Money forays into gold retailing

Reliance Money forays into gold retailing

Rediff.com3 May 2007

Reliance Money, investment product distribution arm of Anil Dhirubhai Ambani Group, is foraying into retailing of its own brand of gold coins, which would be made exclusively by Swiss precious metal refining major Valcambi.

Reliance ADAG to launch multiple channels

Reliance ADAG to launch multiple channels

Rediff.com14 Aug 2007

R-ADAG has taken on board Ashutosh, the business head of Sahara One and Entertainment's Hindi movie channel Filmy, as the COO for its upcoming movie channels.

HC asks Ambani brothers to renegotiate gas pact

HC asks Ambani brothers to renegotiate gas pact

Rediff.com15 Oct 2007

The Bombay High Court on Monday asked Mukesh Ambani-led Reliance Industries and Anil Ambani group firm Reliance Natural Resources Ltd to renegotiate within four months, a Gas Supply Master Agreement (GSMA) between them saying it has to be a "bankable" pact.

'Wrong conclusions, untenable': CBI begins appeal against 2G scam acquittals

'Wrong conclusions, untenable': CBI begins appeal against 2G scam acquittals

Rediff.com22 May 2023

The Central Bureau of Investigation (CBI) began making submissions on Monday on its appeal before the Delhi high court challenging the acquittal of accused persons, including former telecom minister A Raja, and firms in the 2G spectrum allocation scam case in December 2017.

IRDA nod for Reliance Cap sale of 26% stake in insurance biz

IRDA nod for Reliance Cap sale of 26% stake in insurance biz

Rediff.com14 Sep 2011

The Anil Ambani Group's financial services arm Reliance Capital on Wednesday said it has received in-principle approval from insurance sector regulator Insurance Regulatory Development Authority for its proposed 26 per cent stake sale in Reliance Life Insurance to Japan's Nippon Life.

Reliance MF's avg AUM crosses record Rs 100,000 cr

Reliance MF's avg AUM crosses record Rs 100,000 cr

Rediff.com1 Jun 2009

Reliance MF, the country's largest fund house, has witnessed an increase of about 13 per cent with the average AUM crossing the Rs 1,00,000 crore mark in May as compared to Rs 88,387.98 crore at the end of April. In May 2008, it had crossed the Rs 100,000 crore mark, but in terms of total assets under management. This time, the level has been crossed in the average monthly AUM, which is taken into consideration in the data released by the Association of Mutual Funds of India.

Reliance has most basic subscribers

Reliance has most basic subscribers

Rediff.com6 Jan 2004

Reliance Infocomm led the tally of the basic subscribers with 58.8 lakh (5.88 million) till December 2003, while the all-India subscriber base rose to 81.13 lakh (8.113 million) in December from 75.63 lakh (7.563 million) in November last year.