New Delhi: Telecom services provider Reliance Communications (RCom), in a consortium led by IT firm HCL Infosystems, is believed to have bagged the Rs 300 crore contract for government's national identity card programme, Aadhaar. According to sources, Anil Ambani-led RCom will provide network and telecom support for Aadhar as part of a consortium led by HCL Infosystems. The value of the contract carried out by RCom is expected to be...
06:50 PM, Mar 05, 2012
New Delhi: The Etisalat DB and TDSAT will come up for hearing on Monday in the Delhi High Court. Telecom tribunal TDSAT issued a notice to Etisalat DB on Reliance Infratel's plea seeking to recover Rs 1,200 crore from the operator which had taken its telecom infrastructure on lease. A TDSAT bench headed by its chairman, Justice SB Sinha, asked the company to file a reply within two weeks and...
10:02 AM, Mar 05, 2012
New Delhi: Reversing an earlier order of granting tax exemption to the tune of Rs 129 crore to Anil Ambani-led group company Reliance Energy, Delhi government has told the company to pay up the amount levied on it as sales tax. The government has conveyed this to Delhi Lokayukta Justice Manmohan Sarin who was looking into a whistleblower's complaint alleging a Rs 129-crore scam involing tax liability against the company....
09:01 PM, Mar 02, 2012
New Delhi: Anil Ambani was spotted at the Kodak Theatre in Los Angeles with his business partners Steven Spielberg and Stacey Snider. Ambani owns a 51 per cent stake in DreamWorks Studios whose movies The Help, War Horse and Real Steel were nominated for the Oscars. Will Kareena do an item number in 'Dabangg 2'? The first schedule of Dabangg 2 begins on March 9 and sources claim that the...
01:03 PM, Feb 28, 2012
New Delhi: In management rejig of telecom operations, Anil Ambani-led Reliance Communications on Wednesday said that its wireless business head Syed Safawi was leaving the company and COO Shamik Das would oversee all the geographical divisions. RCom, the country's second largest telecom player, is restructuring its major business " Wireless. "The contract of Syed Safawi, President - Wireless, has ended in the normal course and the same is not being...
10:25 PM, Feb 01, 2012
New Delhi: One of the witnesses of the 2G spectrum allocation case Tuesday said in a special CBI court that Anil Ambani, chairman of Reliance Group, was not a director of Swan Telecom and Tiger Traders. Testifying as a witness in the 2G spectrum allocation case, Senior Vice President (accounts and finance) of Reliance Infrastructure Ltd, Ashish Tambawala told Central Bureau of Investigation (CBI) special judge O.P. Saini that Reliance...
09:03 PM, Jan 31, 2012
Los Angeles: Anil Ambani-owned Reliance DreamWorks' projects 'War Horse', 'The Help' and 'Real Steel' on Tuesday bagged 11 nominations for the 84th Academy Awards. The prestigious best film category has a line-up of nine nominations, and features 'War Horse' and 'The Help'. Including the best picture nomination, Steven Spielberg-directed 'War Horse' has been nominated in six categories, including sound editing, sound mixing, original score (John Williams), art direction and cinematography....
06:20 PM, Jan 25, 2012
New Delhi: Seeking clarity on pricing of spectrum and allocation, CEOs of five top telecom operators including Bharti Airtel, Reliance Communications and Idea Cellular will be meeting Telecom Minister Kapil Sibal on Tuesday. The high level government-industry interaction would take place for the second time within less than two months. The industry leaders, including Sunil Bharti Mittal, Anil Ambani and Kumar Mangalam Birla had met Prime Minister Manmohan Singh on...
08:17 AM, Jan 24, 2012
New Delhi: Seeking clarity on pricing of spectrum and allocation, CEOs of five top telecom operators including Bharti Airtel, Reliance Communications and Idea Cellular will be meeting Telecom Minister Kapil Sibal on Tuesday. The high level government-industry interaction would take place for the second time within less than two months. The industry leaders, including Sunil Bharti Mittal, Anil Ambani and Kumar Mangalam Birla had met Prime Minister Manmohan Singh on...
08:04 PM, Jan 23, 2012
New Delhi: Indian billionaire Anil Ambani's Reliance Communications is looking to raise up to $1.5 billion in a Singapore listing of its undersea cable unit, two sources said, though poor risk appetite globally and the company's unsuccessful deal-making history pose challenges. Reliance Communications, India's second-largest mobile firm by users, has long been trying to raise funds by selling assets to cut its debt load - $6.5 billion as of September...
03:01 AM, Jan 19, 2012
New Delhi: Some of India's biggest tycoons are set to make their case to Prime Minister Manmohan Singh on Wednesday on how to resolve the country's worsening electricity crisis, adding pressure on a government blamed for neglecting major policy initiatives. Reliance Power Chairman Anil Ambani, Adani Power chief Gautam Adani and Tata group Deputy Chairman Cyrus Mistry are among the leaders of private power firms in an industry delegation also...
02:59 PM, Jan 18, 2012
New Delhi: Chinese state banks have agreed to lend $1.18 billion to Indian billionaire Anil Ambani's debt-laden mobile carrier Reliance Communications to repay overseas convertible bonds due for redemption on March 1. India's No 2 mobile operator by subscribers had $6.5 billion in debt as of end-September and ferocious competition has seen it post nine straight quarters of declining profits. It has struggled to unload its telecoms tower business, which...
12:30 AM, Jan 18, 2012
Mumbai: Reliance MediaWorks, a film and entertainment company, said its board had approved separating its exhibition and film and media services businesses into subsidiaries. The firm, controlled by billionaire Anil Ambani, said the proposed restructuring is a precursor to inviting investments from strategic and private equity investors who have expressed an interest in specific businesses. "The proposed subsidiarisation will better position the company to pursue strategic growth opportunities in its...
10:11 PM, Jan 15, 2012
Mumbai: Over 39,000 people early Sunday kicked off the ninth edition of Standard Chartered Mumbai Marathon 2012 from the Chhatrapati Shivaji Terminus (CST) in south Mumbai. Star participants like model-actor Milind Soman who runs the full marathon every year and business tycoon Anil Ambani who participates in the half marathon this year were seen in full energy as they started off at the coveted run. "It gives me a great...
08:54 AM, Jan 15, 2012
Mumbai: The spectacle of the long-feuding billionaire Ambani brothers dancing at a celebration of the 80th anniversary of the birth of their late father this week sent Indian media into a frenzy and reignited speculation the two might again do business together. The show of unity by India's richest family came more than a year after Mukesh and Anil Ambani buried the hatchet in a five-year battle that split the...
05:24 PM, Dec 29, 2011
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