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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.

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Rafale deal the best India could have got: Defence Ministry

Rafale deal the best India could have got: Defence Ministry

Sun, Oct 23, 2016

"Rafale is the best deal that we have managed. It was because Prime Minister of India and President of France agreed that we have this deal which has not been offered to any other country," Parrikar had said, countering allegations by Swaraj Abhiyan that New Delhi paid double the price for the aircraft.

Spectrum Auction: RJio acquires 269 Mhz for nearly Rs 13,700 crore

Spectrum Auction: RJio acquires 269 Mhz for nearly Rs 13,700 crore

Fri, Oct 07, 2016

The company renewed its expiring spectrum in 800 MHz band in Gujarat circle.

Reliance Infra to sell its transmission business to Adani

Reliance Infra to sell its transmission business to Adani

Wed, Oct 05, 2016

Gautam Adani, Chairman of Adani Group, said “With this acquisition, ATL will enjoy substantial benefit of scale driving and is in sync with the deep-rooted strategy of ATL to enhance the value for the stakeholders through both organic as well as inorganic growth.”

Virtual merger of Reliance Jio and Reliance Communication

Virtual merger of Reliance Jio and Reliance Communication

Tue, Sep 27, 2016

Virtual merger of Reliance Jio and Reliance Communication. Watch this special segment and get to know more here.

Updates from AGM of Anil Ambani Group

Updates from AGM of Anil Ambani Group

Tue, Sep 27, 2016

Updates from AGM of Anil Ambani Group. Watch this special segment and get to know more here.

Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani

Accomplished virtual merger of Reliance Communications, Jio: Anil Ambani

Tue, Sep 27, 2016

"We have all the spectrum we need for 2G, 3G and 4G services plus spectrum trading and sharing agreements with Reliance Jio," he said. "We have accomplished a virtual merger between Reliance Communications and Reliance Jio."

Reliance Capital to list home finance separately arm by April: Anil Ambani

Reliance Capital to list home finance separately arm by April: Anil Ambani

Tue, Sep 27, 2016

Betting big on the financial sector, industrialist Anil Ambani on Tuesday said Reliance Capital expects to list its home finance arm separately by April 2017 while commercial lending and insurance arms can also be listed separately at an "appropriate time".

Can RCom and Aircel disrupt India's telecom market?

Can RCom and Aircel disrupt India's telecom market?

Fri, Sep 16, 2016

Tanu Sharma, Associate Director of India Ratings said, "The merger of the wireless business of RCom with Aircel is a key milestone in the ongoing consolidation in the telecom sector."

Aircel Merger: Reliance Communications shares in red after a positive opening

Aircel Merger: Reliance Communications shares in red after a positive opening

Thu, Sep 15, 2016

"We expect this combination to create substantial long term value for shareholders of both, RCOM and MCB, given the benefits of the wide-ranging spectrum portfolio and significant revenue and cost synergies," Reliance Communication`s chairman Ambani said in a statement.

Reliance Infra's net profit rises by 7% to Rs 439 crore

Reliance Infra's net profit rises by 7% to Rs 439 crore

Tue, Sep 13, 2016

Anil Ambani-backed Reliance Infrastructure reported consolidated net profit of Rs 438.80 crore for the June quarter ended 2016 (Q1FY17), registering a rise of 7.21% from Rs 409.27 crore in the similar quarter of the previous year.

Reliance Power's net profit rises by 12% to Rs 340 crore

Reliance Power's net profit rises by 12% to Rs 340 crore

Mon, Sep 12, 2016

Anil Ambani's Reliance Power reported consolidated net profit of Rs 340.49 crore for the June quarter ended 2016 (Q1FY17), a rise of 12.51% from Rs 302.64 crore in the similar period of the previous year.

RCom announces 300 mins app-to-app 4G calling at Re 1

RCom announces 300 mins app-to-app 4G calling at Re 1

Tue, Aug 30, 2016

Ahead of the impending launch of Reliance Jio's 4G services, rival Reliance Communications (RCom) on Tuesday announced app-to-app 4G calling at Re 1.

Anil Ambani's elder son Anmol joins board of Reliance Capital

Anil Ambani's elder son Anmol joins board of Reliance Capital

Wed, Aug 24, 2016

Billionaire Anil Ambani's elder son Anmol Ambani on Tuesday joined the board of Reliance Capital as an additional director after two years of training. Anmol, 24, has been working in various financial services businesses within Reliance Capital since 2014.

Birla Corp shares fall 3% after Reliance Cement acquisition

Birla Corp shares fall 3% after Reliance Cement acquisition

Tue, Aug 23, 2016

"Birla Corp's expansion potential will also be significantly enhanced by valuable mineral concessions in several states, in addition to Madhya Pradesh," the company said in a statement about the deal.

Delhi Govt summons Anil Ambani; says power cuts must stop

Delhi Govt summons Anil Ambani; says power cuts must stop

Mon, Jun 20, 2016

Power Minister of Delhi Satyendar Jain has written a letter to the Reliance ADA Group’s chairman Anil Ambani terming the performance of BSES as “atrocious”. In the letter, Jain alleged corruption and financial irregularities including siphoning off funds by the company.

Essar Group phone tapping case: Complaint against company forwarded to Home Ministry

Essar Group phone tapping case: Complaint against company forwarded to Home Ministry

Sun, Jun 19, 2016

A spokesperson for Anil Ambani-led group said they were "shocked" to see the reports about the so-called tapes.

"Shocked" at illegal phone tapping reports; authorities to fully probe the matter: Reliance

"Shocked" at illegal phone tapping reports; authorities to fully probe the matter: Reliance

Sat, Jun 18, 2016

"The authorities to fully investigate these allegations of illegal phone tapping by highly irresponsible and criminally minded persons", said the company in a statement.

Reliance Communications Q4 net profit falls 22%

Reliance Communications Q4 net profit falls 22%

Mon, May 30, 2016

RCom also signed a non-binding pact in December to sell its mobile phone masts business to a group of companies led by buyout firm TPG Capital Management LP.

Reliance Power Q4 net profit up 16% to Rs 320 crore

Reliance Power Q4 net profit up 16% to Rs 320 crore

Fri, May 27, 2016

The company said that the net profit increased on account of higher power generation in 2015-16.

DoT approves RJio, RCom's 4G spectrum sharing deal in 9 circles

DoT approves RJio, RCom's 4G spectrum sharing deal in 9 circles

Fri, Apr 22, 2016

The spectrum sharing deal will allow Anil Ambani-led RCom and Mukesh Ambani's RJio to offer 4G services on 10 MHz block in 800 Mhz band.

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