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
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).
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.
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
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
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
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
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,
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