Reliance Infrastructure-led Delhi Airport Metro Express has increased fares on the high-speed corridor at a time when the train speed has been drastically reduced to 50 km per hour. The 50 per cent fare hike came into effect on Wednesday just a day after commercial operations on the 23-km corridor resumed after a gap of six months. ...
07:49 PM, Jan 23, 2013
New Delhi: The Delhi Metro on Saturday said it has rejected an offer by Reliance Infrastructure to quit the showcase Airport Metro Express citing financial non-viability and asserted that the corridor would soon be thrown open to public after due repairs are completed. Delhi Metro Managing Director Mangu Singh admitted that Reliance Infrastructure-led Delhi Airport Metro Express Private Limited (DAMEPL) had sent a notice for terminating the Concession Agreement signed...
02:40 PM, Oct 27, 2012
New Delhi: Industrialist Anil Ambani has said his group firm Reliance Infra has shortlisted road projects worth Rs 40,000 crore for bidding, while for cement business it has has applied for mining leases and prospecting licences in various parts of the country. "The company through its special purpose vehicles has been developing 11 road projects with capital outlay of about Rs 12,000 crore of which five projects have commenced generating...
05:32 AM, Aug 11, 2012
Mumbai: India needs a more cohesive energy policy and stringent grid management to avoid a recurrence of the power outages that hit hundreds of millions of people this week, the chief executive of Reliance Infrastructure Ltd said in an interview. Reliance Infrastructure, India's largest private electric utility, provides power to 30 million people in financial capital Mumbai and political capital New Delhi. CEO Lalit Jalan said he was unsettled when...
05:00 AM, Aug 05, 2012
New Delhi: Problems in the Airport Metro Express have got mired in a blame game with operator Reliance Infrastructure putting the entire onus on Delhi Metro for defects in the civil structure because of which the services had to be suspended. As a joint inspection team of Delhi Metro, Reliance Infrastructure and Indian Railways gave its findings, the Government on Monday appointed a two-member committee to find and fix responsibility...
04:31 AM, Jul 17, 2012
New Delhi: The Urban Development Ministry will meet with officials of Reliance Infrastructure and the DMRC to try and resolve the issue of the Metro Airport Express which has been shut for the time being due to technical problems and safety risks. The ministry is likely to make a statement on Monday afternoon regarding the airport metro suspension. Delhi Metro has sought to shift the blame on Airport Express Metro...
06:46 AM, Jul 16, 2012
New Delhi: Commuters travelling on the Delhi Metro's Airport Express line managed by Reliance Infrastructure can now have uninterrupted mobile phone connectivity, a company official said here Monday. "Reliance Infrastructure constantly works towards enhancing commuter comfort and convenience. A complete bouquet of Reliance Commmunication, Vodafone, Airtel, Idea and Aircel services will now be available at all the stations of the Airport Express line," a Reliance Infrastructure spokesperson said. According to...
12:31 PM, May 01, 2012
New Delhi: Delhi Government on Monday decided to extend financial assistance to Reliance Infrastructure-backed discom BSES which has defaulted on payment of around Rs 3,000 crore to various power generating and transmission firms. The decision to offer the help to the beleaguered company was taken at a Cabinet meeting presided over by Chief Minister Sheila Dikshit. Dikshit, however, did not give details about the financial assistance but officials said government...
03:44 PM, Dec 26, 2011
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 8, Bombay Stock Exchange (BSE) said in a statement on Friday. Coal India shares have been doing well since the...
10:05 PM, Jun 17, 2011
New Delhi: Asserting that its shares are undervalued at current levels, Anil Ambani-led Reliance Infrastructure on Monday announced a Rs 1,000 crore share buy-back offer to buy 8.34 per cent shares from public shareholders. Under the offer, the company will repurchase up to 1.38 crore shares from non-promoter shareholders for a maximum price of Rs 725 a piece. At the BSE, the scrip was trading at Rs 664, up 2.05...
01:31 PM, Mar 28, 2011
Mumbai: Anil Ambani on Sunday clarified that SEBI has not banned Reliance Infrastructure and Reliance Natural Resources Limited (RNRL) from capital markets. He also said that the settlement charge of Rs 25 crore should not be mistaken as a fine or penalty. On Friday, SEBI charged Reliance Infrastructure and RNRL of having violated various norms, including prohibition of fraudulent and unfair trade practices relating to securities market regulations. ...
02:56 PM, Jan 16, 2011
Mumbai: Anil Ambani and four board members of Reliance Natural Resources Limited (RNRL) have been barred by the Securities and Exchange Board of India from investing in the stock market till December 2011. The four board members who have been banned along with Group Chairman Anil Ambani are Satish Seth, Lalit Jalan, SC Gupta and JP Chalsani. In its order passed on Friday, the SEBI also banned two Anil Ambani...
05:37 PM, Jan 14, 2011
Share allotment will boost firm's ability to qualify for road, power, rail projects. ...
05:57 PM, May 24, 2009
