Udaipur‘s domestic airport, Maharana Pratap Airport will be in all busy-ness over this week as more than 200 charter planes are set to land in the city, ferrying guests for Isha Ambani and Anand Piramal’s wedding. Apart from the private flyers, the Ambanis have booked more than 15 aircraft of[Read More…]
Tag: Ambani
RCOM debt cut by Rs 25K cr to Rs 6K cr, says Anil Ambani
Reliance Group Chairman Anil Ambani on Tuesday said the company has achieved full resolution of Reliance Communications’ debt restructuring that will reduce its debt by Rs 25,000 crore, bringing it down to Rs 6,000 crore. “We have achieved a resolution that involves Reliance Communications exiting strategic debt recast. Clearly and[Read More…]
Is the Indian telecom industry ready to move out of Jio’s shadow?
Reliance Jio Infocomm Limited, a wholly owned subsidiary of Mukesh Ambani’s Reliance Industries created a splash in the Indian telecom industry with its entry. The revenues of India’s telecom industry have seen a big fall after the entry of Jio despite the number of telephone subscribers in India rising from[Read More…]
Mukesh Ambani tops Forbes list of Global Game Changers
Just when Reliance was enjoying Jio’s popularity and success over making 4G Internet incredibly accessible to Indians, Mukesh Ambani, 60, comes at the top of the list for his game-changing efforts to bring the internet to India’s masses. “Anything and everything that can go digital is going digital. India cannot[Read More…]
Reliance Capital sells its stake in Paytm to Alibaba
On March 7, Business giant the Reliance Capital sold about 1% of its stake in digital payment portal Paytm to China’s Alibaba Group. It settled for Rs 275 crore, the cost of the deal, which will be procuring huge gains for the Ambani-led group. The finance arm of the Reliance group[Read More…]