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04:03 AM, Mar 20, 2012
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: 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: 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
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 bail on Wednesday. Each corporate will file two sureties of Rs 5 lakh each. DB Realty shot up 20 per...
11:28 AM, Nov 23, 2011
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 issuing a show cause to cancel their licences. The Law Ministry's opinion came after a draft show cause sought cancellation...
03:10 PM, Nov 08, 2011
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 you pay. First, among the things I liked " the bright, sparkling screen display. Very welcoming after a long hard...
04:43 PM, Sep 21, 2011
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, ITC, ICICI Bank, Larsen and HDFC lend a hand to the Nifty to surge above 4900 mark. Infosys, HDFC Bank,...
10:12 AM, Aug 22, 2011
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 1.2 paise per second," Syed Safawi, the head of RCom's wireless business, said. RCom said the hike in tariffs is...
01:48 PM, Aug 14, 2011
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, RCom said in a statement. The Reliance 3G tablet runs on Android 2.3 OS. The device has 512 MB RAM...
07:07 PM, Aug 09, 2011
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. It was Raja who allegedly closed the complaint file after taking opinion of the then Department of Telecom (DoT) legal...
05:14 PM, Jul 18, 2011
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 there were several bodies which could probe the allegations against Sibal. Bhushan had alleged allegations that Sibal has malafide intention...
04:35 PM, Jul 11, 2011
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