The project will be commissioned within five years and will cut down the commute time from over 90 minutes to barely 10 minutes
Tag: Anil Ambani
Reliance Group meets Rs 35k cr debt service obligation in past 14 months: Anil Ambani
Ambani told the media that the debt servicing payments of over Rs 35,000 crore have necessarily had to be made almost entirely from asset monetisation and operational cash flows.
Anil Ambani hails Rafale verdict, says establishes falsity of allegations
New Delhi, Reliance Group Chairman Anil Ambani on Friday welcomed the Supreme Court judgment in the Rafale deal, saying it has conclusively established “complete falsity of the wild, baseless and politically motivated” allegations levelled against Reliance Group and him personally. In a statement, he said the Reliance Group was committed[Read More…]
Rafale Deal: DMK’s Stalin demands full fledged inquiry
The Dravida Munnetra Kazhagam (DMK) party demanded an inquiry into the Rafale Deal to unveil the truth following former French President Francois Hollande’s statement on India’s role in including Reliance in the deal. Hollande on Friday in a conversation with French media revealed that Indian government proposed Anil-Ambani-led Reliance Defence[Read More…]
Indian government wanted Reliance as Rafale partner, we had no choice, says Francois Hollande
Former French President Francois Hollande in an unnerving revelation has stated that the French government had no choice in the partner for Rafale. Addressing the French media on Friday, Francois Hollande said that Indian government forced enforced Reliance as partners for Rafale Deal with France and that they were given[Read More…]
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…]
Investors make beeline for Punjab; state may attract upto Rs 1 lakh cr this fiscal
Punjab CM Amarinder Singh’s outreach to meet investors and business leaders in Mumbai seems to have bode well with India Inc. Sources close to the Punjab CM told Newsd that every top corporate honcho who met Capt Singh evinced interest in the impending growth story of the state. “Of them,[Read More…]
Anil Ambani inducted into Atlantic Council
Reliance Capital sells radio and TV businesses to Zee Group
Anil Ambani-led Reliance Capital Ltd has decided to sell a 49% stake in its radio business and its entire TV business to Zee Group entities on Wednesday. Reliance Broadcast Network Ltd (RBNL) – part of the Anil Ambani group, has entered into a definitive and binding agreements with Zee Media[Read More…]
Anil Ambani’s Reliance, Dassault Aviation set up joint venture
Anil Ambani-led Reliance Group and Rafale maker Dassault Aviation on Monday announced a joint venture (JV) that will be a “key player” in execution of offset contract worth about Rs 22,000 crore as part of the fighter jet deal. The announcement of the JV, Dassault Reliance Aerospace, comes within days[Read More…]
Much anticipated Reliance Communication-Aircel merger likely this week
Anil Ambani led Reliance Communications (RCom) board has approved the company’s merger with Aircel. The merged company will be one of India’s largest private sector companies, with an asset base of over Rs 65,000 crore and net worth of Rs 35,000 crore. To grow the business further both companies have[Read More…]