Banks do extensive investigation before declaring an account fraud; they owe it to us as they deal with our money. Why would they try to fix an innocent borrower? asks Tamal Bandyopadhyay.
Alcatel-Lucent currently operates a joint venture with Reliance Communications to manage the Indian carrier's network.
Mukesh and Anil will announce two more infrastructure-sharing agreements by mid-June.
Anil Ambani-led Reliance Group on Thursday signed an agreement with China's retail player Wanda Group to set up a joint venture for building integrated township projects in India.
The Rs 8,000-cr deal is expected to be finalised early next month.
According to sources, Reliance Infratel would offer 10 per cent equity to the public valued at Rs 5,000-6,000 crore (Rs 50-60 billion). Reliance Infratel is the telecom infrastructure division of Reliance Communications Ltd.
The government on Wednesday said two Anil Ambani companies have been fined a total of Rs 5.49 crore (Rs 54.9 million) for shutting down rural telephone services during 2010-11 in violation of the USOF agreement.
The DoT had last week sent a detailed reply to all the issues raised by the CAG.
Reliance Communications brings all its global initiative under a single brand name of Reliance Globalcomm and renames FLAG Telecom as Reliance FLAG.
Reliance Communications Ltd and Research In Motion on Tuesday announced the launch of BlackBerry Curve 8330 smartphone in India.
If completed, the 50-50 joint venture would value Reliance Communications' cable assets at $1 billion, the newspaper said, adding Citic Telecom beat out two other bidders from West Asia earlier this month.
Reliance Communications Ltd's subsidiary Reliance Mobile World on Wednesday announced introduction of LPG gas booking service on mobile phones.
Anil Ambani-spearheaded Reliance Communications Ltd will on Thursday launch online video streaming on mobile phones, a service that would allow the company to mobile cast events to all its subscribers.
After making its entry into the Bombay Stock Exchange's benchmark 30-share index Sensex in May
Foreign institutional investors have been allowed to invest up to Rs 5,400 crore (Rs 54 billion) in Reliance Communications through ADRs or GDRs.
If completed, the move would create a 50-50 joint venture valuing Reliance Communications' cable assets at $1 billion.
The case relates to the company allegedly developing a software that helps users increase probability of a child of particular gender.
Reliance Communications Ltd (RCom) on Friday announced the sale of 51 per cent stake in its telecom tower business to Canada-based Brookfield Infrastructure Group, for an upfront cash payment of Rs 11,000 crore.
New Delhi is also set to top its target of raising at least $13 billion.
Telecom major Reliance Communications plans to monetise its real estate assets as it looks to pare debt.
Reliance Jio Infocomm is the only company which had in 2010 won a pan-India spectrum for 4G services but is yet to start commercial services.
In the third infrastructure sharing agreement between firms run by brothers Mukesh and Anil Ambani, Reliance Industries' telecom arm has agreed to use Reliance Communication Ltd's intra-city fibre network to roll out 4G services.
Mumbai-based Reliance Communications increased voice call prices by about a fifth late last month and also increased the base tariff for voice calls.
The unit of Reliance Communications may raise debt, equity
The entry of the deep-pocketed conglomerate is expected to heighten competition.
A sluggish economy and stalled bureaucratic decision-making for the past two years thwarted capital investment and dented earnings, making it tough for the companies to raise funds.
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