Anil Ambani News

With the paucity of key fuels threatening to jeopardise power generation from existing plants and derail the scheduled commissioning of upcoming units, Prime Minister Manmohan Singh is set to send a strong signal to the ministries of petroleum, power and coal to take preemptive measures to salvage the situation.

With over Rs 38,000 crore in debt and a mere 6.6 per cent of the telecom market's revenue at the end of 2012, Anil Ambani-controlled Reliance Communications has been struggling to stay afloat.

But this one could well make the Sensex rise. With all that's gone on between their dads Mukesh and Anil Ambani, this recent photograph of their two younger sons Anil's Jai Anshul and Mukesh's Anant posing happily with their arms around each other, looking comfortable together the way cousins usually are, is sure to spark hope that India's richest ... (more)

India and China should focus on trading in their own currencies, the rupee and renminbi, instead of the US dollar, as this would help reduce risk and cut exchange costs, Reliance Group Chairman Anil Ambani said Monday.

Mumbai, May 16 : Reliance Capital Thursday said its net profit surged by 77 percent to Rs.812 crore in the financial year ended March 31, 2013.

Mumbai, May 13 : Anil Ambani-led Reliance Power Limited on Monday registered a 15 percent rise in profit for the quarter that ended on March 31 to stand at Rs.

Anil Ambani group company Reliance Mediaworks today reported consolidated net loss of Rs 219.19 crore for the quarter ended March 31, and its plans to raise Rs 605 crore from a private equity fund has been delayed.

New Delhi: In a major revamp of its investment portfolio, Reliance Industries Ltd has sold off its holdings in four banks, HDFC Bank, Axis Bank, Canara Bank and PNB, but has tanked up its holdings in two others -- SBI and ICICI Bank.

Via Acquire Media NewsEdge) Reliance Communications , India's third-largest telecom company by subscribers, on Friday reported a near three-fold increase in net profit sequentially at R303 crore for the January-March quarter over the R105 crore in the preceding quarter.

India's Reliance Communications Ltd reported a smaller-than-expected 8.7 percent fall in quarterly profit, helped by higher other income, even as the country's third-biggest mobile carrier by customers struggles with its heavy debt load.

Anil Ambani's first cooperation with his older brother Mukesh after eight years meant more than family peace.

Reliance Communications Ltd , India's third-biggest mobile phone carrier by customers, has raised some voice call prices and further cut discounts, extending price increases in the world's second-biggest mobile phone market.

Anil Ambani group company Reliance Communications is now planning to raise tariff of its bulk discounted calling plans, said a senior official of the company.

Views on markets today Key Benchmark indices continued to be on a roll on Thursday, with the 50-share Nifty topping the psychological 6000-mark. The Sensex ended the day at 19735.77, up 231.59 points and the Nifty gained 69.15 points to close at 5999.35. Anil Dhirubhai Ambani-controlled Reliance Communications spurted 8.30% to Rs 105.05. The stock ... (more)

The senior Ambani has been able to get a hefty discount of 40% to current market rentals for towers.

Mumbai, April 30 : Reliance Industries has tied up with another telecom rival, Vodafone, to build an undersea cable system across the Indian Ocean to connect Southeast Asia with West Asia.

If Samsung can manufacture chips for iPads and iPhones in Korea and at the same time bitterly fight Apple in the market place and in courts across the world, there is little reason for us to assume that Mukesh Ambani and Sunil Mittal will not compete with all their might for the Indian broadband market because they have decided to share backend ... (more)

Morgan Stanley has upgraded India's Reliance Infrastructure Ltd to "overweight" from "equal weight" and raised its target price to 576 rupees from 489, citing favourable risk reward as price-to-book valuation multiples are at all-time lows.