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Anil Ambani

Q4FY19 results: Reliance Power posts Rs 3,558 cr net loss

Q4FY19 results: Reliance Power posts Rs 3,558 cr net loss

Mon, Jun 10, 2019

Anil Ambani Group firm Reliance Power Sunday reported a net loss of Rs 3,558.51 crore for the quarter ended March 31, as against a net profit of Rs 189.21 crore in the year-ago period.

Property brokerage firm Square Yards' FY19 revenue up 38% at Rs 220 cr

Property brokerage firm Square Yards' FY19 revenue up 38% at Rs 220 cr

Fri, May 03, 2019

On operational front, the company concluded 11,508 transactions, including housing sales and home loans, during the last financial year, slightly better than the 11,299 deals in the previous year. In value terms, it did transactions worth nearly Rs 5,000 crore as against Rs 4,302 crore in the 2017-18 fiscal.

Reliance Capital to cut debt by Rs 10,000 to Rs12 crore by monetising stakes in group companies, non-core investments

Reliance Capital to cut debt by Rs 10,000 to Rs12 crore by monetising stakes in group companies, non-core investments

Thu, Mar 07, 2019

The completion of these transactions would be a major step forward in Reliance Capital`s deleveraging strategy, it said. Reliance Capital said its 43 per cent stake in RNAM is currently valued at over Rs 5,000 crore and the sale of controlling interests will be at a significant premium to the market.

TRENDING NOW

RCom shares fall further at nearly 8% in early trade on concerns about loan repayments

RCom shares fall further at nearly 8% in early trade on concerns about loan repayments

Tue, May 30, 2017

The shares of Anil Ambani-owned telecom company Reliance Communications (RCom) fell further by nearly 8% in the early morning trade on Tuesday on back of investor concerns over the company's ability to repay its loans.

RCom shares hit record low in early trade on Q4 loss, debt woes

RCom shares hit record low in early trade on Q4 loss, debt woes

Mon, May 29, 2017

Two days after reporting loss in the fourth quarter (Q4) results, Anil Ambani owned telecom company Reliance Communications (RCom) shares decline as much as 20% to an all-time low in early trade on Monday.

RCom reports loss of Rs 948 crore in Q4 on disruptive pricing, competition

RCom reports loss of Rs 948 crore in Q4 on disruptive pricing, competition

Sun, May 28, 2017

Anil Ambani owned telecom company RCom has reported a loss of Rs 948 crore for the fourth quarter (Q4) ended on March 31, 2017 on back of intense price war in the telecom sector due to the entry of Reliance Jio which has hurt the profitability and income of the company.

Reliance Infrastructure posts net profit of Rs 41 crore in Q4

Reliance Infrastructure posts net profit of Rs 41 crore in Q4

Sun, Apr 16, 2017

For the year FY2016-17, the company clocked total revenue of Rs 28,222 crore, while its net profit stood at Rs 1425 crore.

Reliance Power March quarter profit jumps on lower tax expense

Reliance Power March quarter profit jumps on lower tax expense

Thu, Apr 13, 2017

Reliance Power on Thursday announced over a three-fold jump in its consolidated profit for the March quarter on account of 40% fall in tax expenses.

CCI approves RCom's demerger of tower division

CCI approves RCom's demerger of tower division

Thu, Mar 23, 2017

RCom said, “CCI has approved the proposed transaction involving the sale of the tower division of Reliance Infratel Limited, a subsidiary of RCom, which is to be carried out pursuant to a demerger of the tower division to Towercom Infrastructure Private Limited (Towerco)."

Reliance Industries' Mukesh Ambani tops Indian billionaire list in Forbes survey; see full list

Reliance Industries' Mukesh Ambani tops Indian billionaire list in Forbes survey; see full list

Tue, Mar 21, 2017

Reliance Industries' chairman and MD Mukesh Ambani has topped the list of Indian billionaires featured in Forbes recent survey titled 'The World's Billionaires' with global ranking of 33 and networth of $23.2 billion, find out names of other Indians in the list.

After Sebi, now CCI gives nod to RCom-Aircel merger

After Sebi, now CCI gives nod to RCom-Aircel merger

Mon, Mar 20, 2017

RCom said, “The company has received an approval of the CCI for the proposed scheme of arrangement for demerger of wireless division of Rcom into Aircel Limited and Dishnet Wireless Limited (the scheme).”

RCap eyes 'huge gains' from Sula, Grover Vineyards stake sale

RCap eyes 'huge gains' from Sula, Grover Vineyards stake sale

Sun, Mar 19, 2017

Analysts quoted Ambani as having said that the two names -- Sula and Grover Vineyards -- stand out in the list.

SEBI approves Reliance Communications-Aircel deal; stock gains

SEBI approves Reliance Communications-Aircel deal; stock gains

Wed, Mar 15, 2017

In a BSE filing RCom said, "The company has received approval of the Securities and Exchange Board of India (SEBI), BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) for the proposed Scheme of Arrangement for demerger of the Wireless division of the Company into Aircel Limited and Dishnet Wireless Limited (the Scheme). "

Reliance Infra expects defence to become its leading business vertical

Reliance Infra expects defence to become its leading business vertical

Tue, Feb 28, 2017

Reliance Infra said, “The company is committed to develop a robust defence business contributing significantly to the national security and to be self-reliant in defence segment. It is confident in becoming one of the leading defence companies in India.”

Anil Ambani to spell out defence biz plans

Anil Ambani to spell out defence biz plans

Sun, Feb 26, 2017

The group officials said Ambani, the group Chairman, will himself interact with the analysts on the defence business and brief them about its future plans and how the defence business is going to be the main growth driver for the group in the years to come.

5 major telcos optimum for Indian market: Telecom Secretary

5 major telcos optimum for Indian market: Telecom Secretary

Sun, Feb 26, 2017

Telecom Secretary's comments assume significance as India -- the world's second largest mobile services market after China -- is in the midst of massive consolidation with incumbent operators joining forces to take on aggressive newcomer Reliance Jio.

Competition Commission of India approves Reliance Infrastructure and Dassault Aviation's joint venture

Competition Commission of India approves Reliance Infrastructure and Dassault Aviation's joint venture

Mon, Feb 06, 2017

This deal is considered as key in execution of offset obligations, as a part of the 36 Rafale fighter Jets purchase agreement worth €7.87 billion, or about Rs.59,000 crore, signed between France and India on September 23, 2016.

Reliance Group bags Rs 916 crore contract from Indian Coast Guard

Reliance Group bags Rs 916 crore contract from Indian Coast Guard

Mon, Jan 30, 2017

Industrialist Anil Ambani-led Reliance Defence and Engineering on Monday said it has signed a contract with the Ministry of Defence for the design and construction of 14 Fast Patrol Vessels for the Indian Coast Guard valued at Rs 916 crore, the company said on Monday.

Credit outlook under pressure if RCom doesn't reduce debt soon: Moody's

Credit outlook under pressure if RCom doesn't reduce debt soon: Moody's

Thu, Jan 26, 2017

Annalisa Di Chiara a Moody's Vice President and Senior Credit Officer said,”The downgrade primarily reflects our expectation that RCom's leverage, as measured by consolidated debt/EBITDA (including Moody's adjustment for spectrum liabilities) will remain above 7x over the next 6-9 months while the company pursues regulatory, shareholder and debt holder approvals for its announced restructuring, including the de-merger of its wireless business and sale of its tower assets.”

Reliance Communications ratings under review for downgrade despite Brookfield deal, Moody's; shares flat

Reliance Communications ratings under review for downgrade despite Brookfield deal, Moody's; shares flat

Thu, Dec 22, 2016

Moody feels there is still lack of clarity on the cash flow generating capabilities of some of Rcom's remaining businesses, as the resulting leverage or cash flow positions following its restructuring can only be estimated within wide bounds.

Debt servicing: Reliance Communications sells tower business to Brookfield Infra for Rs 11,000 crore

Debt servicing: Reliance Communications sells tower business to Brookfield Infra for Rs 11,000 crore

Wed, Dec 21, 2016

KEY HIGHLIGHTS: RELIANCE COMMUNICATIONS SIGNS BINDING AGREEMENTS WITH BROOKFIELD INFRASTRUCTURE AND ITS INSTITUTIONAL PARTNERS FOR SALE OF ITS TOWERS BUSINESS

Reliance Infrastructure gets Sebi nod to launch infrastructure investment trust

Reliance Infrastructure gets Sebi nod to launch infrastructure investment trust

Sat, Nov 26, 2016

Reliance Infrastructure on Friday said it has received capital market regulator Sebi's clearance to launch an infrastructure investment trust (InvIT).

Reliance Industries, GE form global partnership for $25 billion industrial IoT biz

Reliance Industries, GE form global partnership for $25 billion industrial IoT biz

Thu, Nov 17, 2016

Predix is operating system from GE used for the Industrial Internet.

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