Sunday 26 October 2014
 
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ambani

Ambanis ink $2.1bn telecom deal

India's billionaire Ambani brothers have announced a $2.1 billion deal to share telecom tower infrastructure, cementing a reconciliation between the once-warring siblings. The agreement is another tangible sign that the two ar

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Reliance to buy back $2bn shares

Indian energy conglomerate Reliance Industries reported its first quarterly profit drop in more than two years, and moved to bolster its underperforming shares by announcing a share buyback of up to Rs104.4 billion ($2.1 billion). Reliance

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Police 'probe India tycoon Ambani in graft case'

Indian federal police are investigating the role of top tycoon Anil Ambani in a multi-billion dollar telecoms scandal that has rocked its political and business elites, the Press Trust of India (PTI) news agency said on Thursday. The 52-ye

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Ambani plans to boost stakes in RComm

Indian billionaire Anil Ambani plans to increase his stake in Reliance Communications as the debt-laden telecoms company founded by his family edges towards a sale of its phone tower unit after a year of trying. Reliance Comm has hired UBS

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Reliance Power, Shanghai Electric ink $8bn deal

Indian billionaire Anil Ambani's Reliance Power inked an $8.3 billion deal with China's Shanghai Electric Group, a contract which both firms touted as the single largest business contract between the two nations. Shanghai Electric will sup

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Ambani truce seen unlikely, hurdles remain

Indian billionaire Anil Ambani's call to end a bitter feud with his elder brother Mukesh over the split of the Reliance business empire is unlikely to lead to a quick resolution before a hearing in a feud over gas supplies. Shares in firms

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Gulf Extrusions wins prestigious India deal

Gulf Extrusions, one of the largest aluminium extrusion plants in the Gulf, has signed a $3.5 million contract with India’s Reliance Engineering Associates for the supply of 460 tonnes of unitized system. The system will be used in the $1

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Reliance Power share offer sets new record

India's biggest initial public share offer by Reliance Power made domestic financial history as investors ordered nearly $200 billion worth of stock, figures have shown. 'I am humbled by the level of respect that Indians have placed in me,

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Reliance Power IPO raises $3bn in a minute

Billionaire Anil Ambani's Reliance Power raised $3 billion within a minute on Tuesday when India's biggest initial public offering was fully subscribed as investors flock to new issues in the booming economy. The issue was covered 10.5 tim

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