Birla Corp clinches cement deal with RInfra; to pay Rs 4,800 crore

Birla Corp clinches cement deal with RInfra; to pay Rs 4,800 crore

Reliance Infrastructure (RInfra) Thursday sold its cement business arm to Birla Corporation for Rs 4,800 crore, a deal that will help Anil Ambani-led Group lower its debt burden.

Mukesh, Anil welcome Padma Vibhushan to Dhirubhai Ambani

Ambani brothers Mukesh and Anil Monday hailed the government for choosing their father and founder of Reliance Group, late Dhirubhai Ambani, for the Padma Vibhushan award, saying the late business tycoon was the "greatest entrepreneur and wealth creator in the history."

Reliance Communications, Jio sign pact for spectrum trading, sharing

Reliance Communications, Jio sign pact for spectrum trading, sharing

Anil Ambani's Reliance Communications will trade CDMA grade spectrum in 800 MHz band in 9 service areas where Jio doesn't have the radiowaves. In 17 circles, the two companies will share spectrum, both the firms said in press statements.

Bharti Airtel's Akhil Gupta invests in Anil Ambani's commodity bourse

Bharti Airtel group veteran Akhil Gupta has become an investor in Indian Commodity Exchange (ICEX), part of Anil Ambani-led Reliance Group, buying a five percent stake in the bourse valuing it at Rs 200 crore.

Reliance Communications clarifies on its spectrum plan

Reliance Communications is still waiting to hear from the government on its application for spectrum sharing and trading in 20 circles and that a decision will be taken only after getting replies on all the areas, the company has clarified to stock exchanges.

Pay Rs 5,600 cr for spectrum liberalisation: DoT to RCom

Pay Rs 5,600 cr for spectrum liberalisation: DoT to RCom

RCom had applied for liberalising its 800 MHz spectrum in 20 circles a few months back.

Anil Ambani led-RCom signs deal with Russia's Sistema to establish joint telecom venture

Anil Ambani led-RCom signs deal with Russia's Sistema to establish joint telecom venture

The two companies signed the agreement after Prime Minister Narendra Modi attended the CEO Forum in Moscow, during his two-day bilateral visit to the country for the 16th Annual Summit.

 

Anil Ambani-led Reliance Defence partners Russian firm for ‘Make in India’ warships

Anil Ambani-led Reliance Defence partners Russian firm for ‘Make in India’ warships

An agreement regarding the deal is likely to be signed during the Prime Minister Narendra Modi’s Russia visit today.

 

RCom-Aircel Merger: 5 Key facts you must know

RCom-Aircel Merger: 5 Key facts you must know

Know how the RCom-Aircel merger will redefine India's telecom industry....

RCom, Aircel in talks to create India's 2nd biggest mobile operator

RCom, Aircel in talks to create India's 2nd biggest mobile operator

The combination of RCom, Aircel, MTS wireless businesses will hold 19.3 percent of the total spectrum allocated to the the industry - the highest in the country by an entity.

RInfra buys additional 17% stake in Pipavav for Rs 850 crore

RInfra buys additional 17% stake in Pipavav for Rs 850 crore

In March, the Anil Ambani group firm had announced plans to acquire a controlling stake in Pipavav Defence for up to Rs 2,082 crore.

Tower biz sale to improve RCom's financial profile: Moody's

Tower biz sale to improve RCom's financial profile: Moody's

Reliance Communications' deal to sell its tower business, when consummated, will substantially improve the telecom major's financial profile, Moody's Investors Service said Monday.

Reliance Life to hire 5,000 insurance agents, 2,000 sales staff

Reliance Life to hire 5,000 insurance agents, 2,000 sales staff

The company has already hired close to 15,000 insurance advisors in the recent months and the planned hiring activities would take the total recruitment of agents to 20,000 people in the current fiscal ending March 31, 2016.

RCom to sell tower, optic fibre biz to PE firms for Rs 30K cr

RCom to sell tower, optic fibre biz to PE firms for Rs 30K cr

RCOM intends to utilise the proceeds of the proposed transaction to reduce its debt, which is estimated at about Rs 40,000 crore.

RCom to sell entire stake in Reliance Infratel; to fetch about Rs 22,000 crore

RCom to sell entire stake in Reliance Infratel; to fetch about Rs 22,000 crore

RCom owns about 96 percent stake in Infratel and the sale would fetch it around Rs 22,000 crore, which will be used to retire some debt.

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Nippon acquires 23% stake in Reliance Life for Rs 2,265 crore

Japan's Nippon Life Insurance on Tuesday announced the acquisition of another 23 percent stake in Reliance Life Insurance for about Rs 2,265 crore.

 

Reliance Group to develop 6000 MW solar park in Rajasthan

Reliance Group to develop 6000 MW solar park in Rajasthan

Billionaire Anil Ambani-led Reliance Group will develop a 6,000 megawatt Solar Power Park in Rajasthan, a plan that has potential to attract an investment of Rs 60,000 crore.

Reliance Infrastructure to sell 49% stake Mumbai power biz for Rs 4,000 crore

Reliance Infrastructure to sell 49% stake Mumbai power biz for Rs 4,000 crore

Reliance Infra will sell 49 percent equity stake in its integrated power business in Mumbai and adjoining areas to Canada's Public Sector Pension Investment Board (PSP Investments).

RInfra to move aggressively on defence; quit roads, cement biz

RInfra to move aggressively on defence; quit roads, cement biz

Reliance Infrastructure (RInfra) Wednesday reported a tepid 4.62 percent rise in net profit for July-September quarter at Rs 451.1 crore, and said it will focus on the defence sector, while exiting the cement and road businesses by monetising these assets.

RInfra to sell 5.8MT cement business, monetise 8,800 cr projects

In a strategic move to unlock value, Reliance Infrastructure (RInfra) Wednesday said it will sell its 5.8 MTPA cement business and monetise 11 road projects worth Rs 8,800 crore, making the defence sector as primary driver of the company's growth.