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).
It offers a discount of up to 96 per cent on data and and up to 92 per cent on call charges.
Two brothers have begun collaborating in certain businesses.
CDMA mobile operator Reliance Communication on Wednesday reduced international calling rates upto 66 per cent for consumers using global calling cards of different denominations.
RCom intends to utilise the proceeds of the proposed transaction to reduce its debt.
Reliance Communication Ventures on Monday got listed at the Bombay Stock Exchange opening strongly at Rs 290 a share.
MindSquare Technologies is a group company of 1neoteric Technology.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
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.
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.
RCom and Aircel have permits for 3G services in 13 out of 22 service areas while Tata Teleservices has permit in 9 circles.
RCom may get around Rs 4,500 crore by trading its radiowaves to Reliance Jio.
The company is looking at demerger of land banks from RCom and then go for separate listing.
Indian telecom seems to be getting back on its feet.
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.
The apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks. A bench comprising Justices R F Nariman and Vineet Saran said if the 'contemnors' failed to make the payments within the specified period, they will undergo a jail term of three months.
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
RCom has also tied-up with select credit card providers for its latest offering.
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.
Telecom operator Vodafone has been the top gainer of customers through mobile number portability facility while Reliance Communications is the biggest loser.
Deal to help RCom reduce debt, Sun gain subscribers in new markets
In the Sensex kitty, ITC turned star performer by surging 2.45 per cent, followed by NTPC rising 2.19 per cent.
The company has increased the cost of 1 GB of 3G internet usage to Rs 156 from Rs 123 it charged earlier.
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.
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