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Anil Ambani

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RInfra to sell 49% stake in power biz to Canada fund

RInfra will utilise proceeds of stake sale to reduce debt. As part of the deal, generation, distribution and transmission assets of Mumbai will become part of the new SPV.


Reliance Communications to acquire Sistema Shyam

Deal gives RCom access to 850 MHz band which can be used for 4G services.

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Reliance Capital to acquire Goldman Sachs India MF biz for Rs 243 crore

Reliance Capital is the financial services arm of Anil Ambani-led business conglomerate Reliance Group

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RCom, Reliance Jio in talks for spectrum sharing: Anil Ambani

Anil Ambani said his group firm RCom is tying up ‘trading and sharing’ of spectrum with Mukesh Ambani-led Reliance Jio including for the much-awaited 4G services.

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Reliance Infra open to CAG audit on Mumbai Metro services

Anil Ambani’s company says it won’t exit project; seeks amicable solution.

Reliance Group to pump in Rs 5K cr in Pipavav Shipyard

Anil Ambani said that the group’s recent acquisition of Pipavav Defence Company with assets worth more than Rs 10,000 crore would be converted into a global centre of shipbuilding.

Debt-burdened RCom in talks to acquire Sistema’s Indian unit

Sistema Shyam is one of the market’s smallest players with nearly 10 million customers and less than a one per cent market share. Yevtushenkov owns around 62 per cent in the Russian parent.

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RCom, Sistema in talks to merge telecom business in India

Reliance communications and AFK Sistema have entered into exclusive discussions on potential merger between the SSTL and RCOM through a stock swap.

Reliance Infra acquires Pipavav Defence for Rs819 cr

Apart from Mahindra & Mahindra, the Hero Group too had reportedly shown interest in acquiring the company.

FB, RCom in pact for free web services

The companies will first offer the app in seven of India’s 22 regions, or zones and it will then go nationwide in the next 90 days.

RCap sells multiplex business to Carnival for Rs700 crore

On the other hand Reliance Capital which is the parent of Reliance Media Works will use the realisation for debt repayment.


Anil Ambani-led Reliance Group sells multiplex business to Carnival Cinemas

Reliance MediaWorks-Carnival Cinemas deal will exclude Mumbai’s IMAX Wadala and some other properties worth Rs 200 cr.


Ambani takes ‘Swachh Bharat’ campaign to Badrinath, Kedarnath

Modi had used Gandhi Jayanti to start the cleanliness drive and ordered ministers to sweep areas clean.

R-Infra profit rises 10% to R458 cr; income dips 26%

EPC business revenue stood at Rs 590 crore and the order book at Rs 6,181 crore, the company said.


Mumbai Metro almost ready to run, to get speed certificate this week

The process of issuing speed certificate for the Mumbai Metro is almost over, sources at the RDSO told PTI.