Reliance Communications

  • Free talk-time, recharge benefits by Reliance for cyclone Phailin hit Odisha 23-10-2013 03:35 PM

    To help people connect with each other in the aftermath of devastation by cyclone Phailin, a mobile telephone service provider is offering free talk time in Odisha. Reliance Communications is offering a daily free recharge of 10 minutes for a period of five days, from October 20 to its customers...
  • Telecom stocks surge after sharp cut in spectrum price 10-09-2013 12:34 PM

    Shares of telecom service providers surge after India proposed a 60 percent cut in mobile spectrum prices in response to lukewarm interest from telecom companies in two previous sales. Analysts say the cut in reserve prices is positive for incumbents and more such moves may come considering lower demand for...
  • ITSB crossed 90 cr mark in May, informs TRAI 16-08-2013 07:39 PM

    Registering a marginal growth, Indian telecom subscriber base (ITSB) crossed 90 crore-mark in May this year after almost two years. The base grew by 0.34 per cent to reach 90.005 crore, according to Trai data. This is the second time the subscriber base is breaching the 90 crore-mark. Earlier in...
  • Reliance Communications halves 3G data price 18-07-2013 01:15 PM

    New Delhi: Reliance Communications, India's third-biggest mobile phone carrier by customers, has cut the price of third-generation data services by half, Gurdeep Singh, head of the company's mobile business, said on Thursday. Only about 5 per cent of India's 850 million mobile users have subscribed to 3G services, which are...
  • Reliance Communications clears debt of Rs 6,000 crore 01-07-2013 01:09 PM

    New Delhi: Reliance Communications on Monday said it has made full repayment of two loans amounting to $ 1 billion (around Rs 6,000 crore), during the June quarter. The company has completed full repayment of two Syndicated ECB loan facilities of $ 500 million each, which were availed in 2007...
  • Ambani brothers strike Rs 12,000-cr telecom tower deal 07-06-2013 01:00 PM

    Mumbai: Billionaire Ambani brothers on Friday announced a Rs 12,000-crore deal, wherein Mukesh will use towers owned by a firm run by his younger sibling Anil for launch of his telecom venture. Reliance Industries Ltd's telecom arm will lease up to 45,000 mobile masts from Reliance Communications Ltd in a...
  • RCom raises pre-paid mobile call rates by 33 per cent 27-05-2013 08:51 AM

    New Delhi: Reliance Communications has raised basic rates for both GSM and CDMA pre-paid mobile-to-mobile calls by 33 per cent to 2 paise per second from 1.5 paise per second. According to details on the company's website, it will charge base rate of 2 paise per second for mobile-to-mobile calls....
  • Reliance Comm hikes mobile call rates by at least 20 pc 06-05-2013 07:22 PM

    New Delhi: Reliance Communications on Monday raised mobile call rates by 20-30 per cent across India, a company statement said. "We have now corrected all commitment plans across the country and have increased tariffs by between 20 per cent and 30 per cent," Gurdeep Singh, chief executive officer, Wireless, Reliance...
  • Morgan Stanley upgrades Reliance Comm to 'overweight' 09-04-2013 09:42 AM

    Mumbai: Morgan Stanley upgrades Reliance Communications Ltd to "overweight" from "equal-weight" on the back of the company's Rs 12 billion fiber optic network sharing deal with the telecom unit of Reliance Industries Ltd. The investment bank raises its fiscal 2014 earnings estimates for Reliance Comm by 125 per cent as...
  • DB Realty, Unitech, RCom share prices rise 23-11-2011 11:28 AM

    New Delhi: DB Realty, Reliance Communications and Unitech rallied sharply after the Supreme Court granted bail to five corporates accused in 2G case. Ex-managing director of Unitech, Sanjay Chandra and DB Realty's Vinod Goenka, and Anil Dhirubhai Ambani group's top executives Gautam Doshi, Hari Nair and Surendra Pipara were granted...
  • 2G: relief for Swan, RCom; DoT to check ties 08-11-2011 03:10 PM

    New Delhi: In what may come as some relief for Swan Telecom and Reliance Telecom, both of which are under investigation in the 2G spectrum allocation scam, the Law Ministry has told the Department of Telecom to do a detailed study of the crossholding pattern in the two companies before...
  • Review: Reliance 3G Tab 21-09-2011 04:43 PM

    A tablet computer. For the price of a smartphone. At a bit under Rs 13,000, the Reliance Tab definitely had me curious. After using it for a week, I'd say I'm pretty satisfied. Not that I have anything to benchmark it against. But still, there's enough bang for the bucks...
  • Short covering lifts Sensex 200 pts at close 22-08-2011 10:12 AM

    Mumbai: Short covering led the Indian markets to close with 1 per cent gain. Analysts suggest that this is the first leg of short covering rally and it may continue for some more days. Nifty had lost nearly 15 per cent in last one month. Big boys like Reliance Industries,...
  • Reliance Communications increases call tariffs 14-08-2011 01:48 PM

    New Delhi: Anil Ambani Group firm Reliance Communications has increased call charges by 20 per cent for both GSM and CDMA services in most of its operating circles. "We have increased tariffs in most of the circles over last couple of months in a phased manner, from 1 paisa to...
  • Reliance Communications launches Rs 13K tablet 09-08-2011 07:07 PM

    New Delhi Reliance Communications, India's second-biggest mobile phone carrier by subscribers, on Tuesday said it has launched a tablet computer priced at Rs 12,999. "We believe the unmet demand of a fully-loaded tablet at an aggressive price point will now fuel the aspirations of the evolved customers," Mahesh Prasad, President,...
  • CBI questions A Raja, 2 others in 2G scam 18-07-2011 05:14 PM

    New Delhi: The Central Bureau of Investigation (CBI) on Monday questioned former telecom minister A Raja, former telecom secretary Siddartha Behura and Gautam Doshi with regards to Loop Telecom's association with Essar, sources said. According to sources, a complaint regarding Loop's irregularity in getting the license was made in 2010....
  • SC rejects plea for CBI probe against Sibal 11-07-2011 04:35 PM

    New Delhi: In a major relief for Union Telecom Minister Kapil Sibal, the Supreme Court on Monday rejected to entertain an affidavit filed by senior lawyer Prashant Bhushan for a probe by the Central Bureau of Investigation (CBI) for allegedly favouring Anil Ambani's Reliance Communications. The apex court observed that...
  • BJP accuses Sibal for waiving RCom's penalty 09-07-2011 08:39 PM

    New Delhi: The BJP on Saturday accused Telecom Minister Kapil Sibal of misusing his Cabinet position to give a penalty waiver to Reliance Communications and maintained that by terming the PIL on the issue a move to defame him he is insulting the courts. "This whole government has become a...
  • No rules were bent for Anil Ambani: Kapil Sibal 09-07-2011 12:21 AM

    New Delhi: Lawyer Prashant Bhushan has taken on Telecom Minister Kapil Sibal once again. And this time, it's not over Lokpal. Bhushan has filed a PIL in Supreme Court demanding a probe into Sibal's decision to give Anil Ambani's Reliance Communications (RCom) a reprieve from paying a huge penalty of...
  • Anil Ambani's RCom, RInfra to move out of Sensex 17-06-2011 10:05 PM

    Mumbai: Two Anil Ambani group firms, Reliance Communications and Reliance Infrastructure, will move out of Bombay Stock Exchange's blue chip index Sensex in August. While RCom would be replaced by Sun Pharmaceuticals, RInfra would be substituted by Coal India on the 30-share index. The changes would be effective from August...
  • ADAG stocks bounce back after court ruling 03-06-2011 11:20 AM

    Mumbai: Shares of Anil Dhirubhai Ambani Group firms staged a comeback on the bourses on Friday, rising in the range of 3-8 per cent after a plea was dismissed by a Delhi Court for making Anil Ambani one of the accused in the 2G spectrum scam case. Cheering the news...
  • India @ 9 with Rajdeep Sardesai 30-05-2011 11:06 PM

    Catch all the top stories of the day with Rajdeep Sardesai on India @ 9. ...
  • 2G: CBI seeks info on RCom from Mauritius 30-05-2011 06:05 PM

    New Delhi: The noose is tightening around Reliance Communications and Loop telecom in the 2G scam. CBI sources have said that the CBI team to Mauritius has asked for specific information on who was the real beneficiary of the 9.9 per cent equity sale by Reliance Communications to Delphi Investment....
  • 2G scam: corporate heads' reputation in tatters 22-04-2011 10:38 AM

    New Delhi: Refusal of bail for India Inc's big wigs Sanjay Chandra, Gautam Doshi and Vinod Goenka has sent shockwaves in the corporate world. In Delhi's Tihar Jail now for their alleged involvement in the 2G spectrum scam it seems that an overdose of ambition led to their downfall. The...
  • Radia claims Raja backed Anil Ambani's RCom 14-04-2011 12:26 PM

    New Delhi: Corporate lobbyist Nira Radia has claimed that Anil Ambani's Reliance Communications controlled Swan Telecom, which wasn't itself eligible for a 2G license because of a cross holding clause. She also claimed Anil Ambani was close to former telecom minister A Raja, who is an accused in the 2G...