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."
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.
Ahead of assembly polls in West Bengal, Chief Minister Mamata Banerjee on Friday invited investors saying her state has a peaceful atmosphere conducive for setting up industries and there was no communal tension.
It was a family reunion of sorts when billionaire Mukesh Ambani on Monday re-forayed into telecom with a glittering launch of Jio that brought his brother Anil, sister-in-law Tina and nephews Anmol and Anshul together with his family.