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Anil Ambani

Reliance Communications is planning to rope in strategic partners for its infrastructure and technology innovation unit for 3G mobile business, and is in discussions with global players like Motorola and HP. Sources said that discussions are also being held with likes of Intel and Sony. RCOM, Anil Ambani group’s telecom arm, is looking for partners [...]

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Indian billionaire Anil Ambani plans to get shares in a local commodities exchange, signalling growing corporate interest in bourses where Goldman Sachs and Intercontinental Exchange have bought small stakes. Reliance Anil Dhirubhai Ambani Group (R-ADAG) plans to buy a stake in the Indian Commodity Exchange (ICEX), a leading bourse for metals including gold, the market [...]

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Reliance Broadcast Network Ltd may raise $100 m to fund expansion

Stock-News

Anil Ambani -led Reliance Broadcast Network (RBNL) is planning to raise $100 million (around Rs 450 crore) to fund its expansion plans for FM radio and television broadcasting. In the third phase of FM radio (FM-III), RBNL is looking to bid for 90 to 100 FM stations. The company has also formalised 50:50 arrangement with [...]

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Anil Ambani gets Sebi notice on R-Infra, RNRL

Stock-News

Capital market regulator Securities and Exchange Board of India (Sebi) has asked Anil Ambani, two companies that he heads and four executives belonging to the group for explanations over what it referred to as “certain dealings”, without elaborating. The show cause notices have been issued in connection with stock market transactions It also said that [...]

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RCom firmly in the picture after acquiring Digicable

Stock-News

Reliance Communications rose 1.38% to Rs 194.95 at 9:13 IST after the company approved a proposal to acquire cable television services provider Digicable in an all-stock deal for an undisclosed amount. The announcement was made after trading hours on Thursday, 1 July 2010. Meanwhile, the BSE Sensex was up 79.97 points, or 0.46%, to 17,589.30.  [...]

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RIL –Buy- Angel Securities

Broker tips

Reliance Industries (RIL) and Reliance Natural Resources (RNRL) have entered into a new gas supply agreement, as directed by the Supreme Court. The Supreme Court had ordered the two companies to renegotiate the Gas Supply Master Agreement, which was signed between the Ambani brothers as part of the business de-merger in 2005. While the companies [...]

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Anil Dhirubhai Amabani Group (ADAG) Stocks: Which ones are experts betting on?

Stock-News

Anil Dhirubhai Ambani Group (ADAG) stocks have been fire for the last couple of sessions. In an exclusive interview with CNBC-TV18, Deven Choksey, MD, KR Choksey Securities and SP Tulsian, sptulsian.com, talk about which ones you should be betting on and which ones fundamentally appear attractive from that pack. Q: Let us start with Reliance [...]

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Mukesh Ambani – Reliance Industries buys 95% stake in Infotel Broadband : Enters Telecom Sector

Stock-News

Mukesh Ambani owned Reliance Industries has bought 95% stake in Infotel Broadband for Rs 4,800 crore. Infotel Broadband will now be a subsidary of Reliance Industries. Shares of RIL have been buzzing of late on rumours of foray in the telecom sector. Unlisted Infotel Broadband Services is the only firm to win broadband spectrum in [...]

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Ambani to visit SA, likely to further talks with MTN: Srcs

Stock-News

After the informal talks, now Reliance Communication is engaging different strategies to once again woo the South African telecom operator MTN. Sources said to CNBC-TV18 that Anil Ambani will be visiting Johannesburg to meet the top brass of MTN on Monday. Sources close to the development also said that even though this time R-Comm is [...]

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RIL-RNRL: How do legal, sector experts read the verdict?

Stock-News

In a severe blow to the Anil Ambani group seeking cheap gas from Reliance Industries, the Supreme Court ruled that the government will have the last word on pricing.The three-judge bench of the apex court, headed by Chief Justice KG Balakrishnan, ruled in favour of Reliance Industries. The court held that the government’s production sharing [...]

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