August 28th, 2018Anil Ambani’s Reliance Communications (RCom) announced that the company has completed the anticipated sale of its fibre assets and related infrastructure assets. The assets were sold worth Rs 30 billion to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).
"With successful completion of the fibre monetisation transaction, 1,78,000...
July 30th, 2018Corporate rivalries are a big part of an economy. They are quite prevalent all over the world in every possible sector. However, in India, it is mostly kept restricted to the boardrooms. In most of the developed economies, the rivals fight fiercely in open and create an amusing sight for the public.
An example of this rivalry can be...
July 13th, 2018Wishberry, India’s largest crowd funding platform for filmmakers and creative artists has secured an amount of Rs 10 crores in Series A funding round. The particular funding round was led by Anil Ambani’s Reliance Big Entertainment and 3one4 Capital.
Dr. Sunil Patil, Director on the Board of Scrabble Entertainment Ltd also...
June 14th, 2018The Anil Dhirubhai Ambani-led telecom company Reliance Communications has stated that the total number of jobs and recruitment in the company have reduced to 3,400 at present by about 94 percent from a high level of 52,000.
The jobs at the RCom was at its peak at around 2008-10. But gradually the number has decreased, maybe due to the...
June 2nd, 2018Business Tycoon Anil Ambani's Elder Son, Anmol Ambani has successfully stricken his first deal after being promoted as director of Reliance Capital, the holding company of the Reliance group’s financial services businesses.
Anmol has sold 60% stake of the company to a British Game developing company Codemasters for a whopping sum of...
April 14th, 2018Reliance Jio, the telecom operator recently raised funding worth Rs 3250 crore as Samurai term loan from Japanese banks. A samurai loan is a low interest loan from Japanese investors and this deal with Reliance Jio represents the largest samurai loan an Asian company ever signed.
A statement released from Reliance Jio read,...
December 29th, 2017Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm for nearly 240 billion rupees ($3.75 billion), two sources familiar with the matter told Reuters on Friday.
The two companies had announced late on Thursday that Reliance Communications, backed by businessman Anil Ambani, would...
March 29th, 2017Washington D.C. / Mumbai, March 28, 2017: The Atlantic Council today announced the induction of
Anil Ambani, one of India’s best known business leaders, to its International Advisory Board – a prominent group of global corporate and political leaders.
Former Utah Governor and Chairman of the Atlantic Council, Jon M. Huntsman,...
November 15th, 2016Anil Ambani promoted Reliance Group today announced a strategic partnership with Cisco Jasper for the launch of its new venture 'UNLIMIT' to provide Internet of Things (IoT) services to enterprise customers across India.
The outlook for IoT services in India is virtually UNLIMITed, with the number of connected devices projected to...
November 9th, 2016 India's largest online to offline (O2O) real estate transaction player Square Yards has raised USD 12 million investment from the Private Equity arm of Anil Ambani led Reliance Group.
This is Square Yards' first institutional investment after it had raised USD 11 million from a clutch of HNW investors last year.
Founded in 2013,...
September 15th, 2016Anil Ambani-led Reliance Communications today agreed to merge its wireless telecom business with smaller rival Aircel to create the country's 4th-biggest mobile phone operator with asset base of more than Rs 65,000 crore.
In the largest consolidation in the countrys telecom sector, RCom and Aircels majority owner, Malaysias Maxis...
November 2nd, 2015Billionaire Anil Ambani-led Reliance Communications today said it will take over Russian conglomerate Sistema's Indian mobile telephony venture that operates under the MTS brand.
While financial details of the deal were not immediately announced, RCom said Sistema Shyam Teleservices Ltd (SSTL) will hold a 10 percent equity stake in...
