The first unit of the powerful 4000 mw Sasan Power Plant will be fired this week. This Anil Ambani promoted plant will be among one of the world’s largest mining and electricity project that aims to change the state utilities economics and will also make power available at subsequently lower rates. Electricity generated from the […]
Reliance Communications and Ericcson, two active players in the telecommunications industry forged an agreement for a UU$D 1 Billion worth of projects in India. Specifically, the ambitious project entails 100,000 kilometers of fiber and mobile infrastructure in 11 telecom circles spanning North and West of India covering Delhi and Mumbai. Ericcson leads in the provision […]
The Reliance Anil Ambani Group firms paid an amount that is over Rs 51 crore through open market transaction for buying 17.4 lakh shares in Shoppers Stop which is a retail chain popular in India. Also, Smallcap World Fund is selling its equities in the company offering a deal that is worth Rs 58.6 crore. […]
Reliance Communications has appointed Gurdeep Singh as President & CEO of its Wireless Business. Gurdeep with his extensive experience will be responsible for leading Reliance Communications Wireless Business to achieve higher revenues and profitability. Additionally, Gurdeep Singh will also be a member of Reliance Management Board (RMB). Gurdeep Singh – New RCom CEO Gurdeep Singh […]
Everyone in the stock market wanted to be on the top being known as the most influential company. This time it’s the ITC replacing Mukesh Ambani-led Reliance Industries Ltd as the most influential stock on Indian courses. The RIL was second based on the weightage on the stock market’s index Sensex. The Sensex weightage is […]
It was a kind of ‘Black Monday’ for the stock market. Though the effect was not too high, markets ended on a losing trend. Sensex lost 278 points and Nifty lost 91 points closing at 17, 097 and 5, 201 points respectively. All sectors were in losses and IT, realty, tech and Metal stocks were […]
The Kingfisher Airlines is having some problem with their operation which resulted to great loss and debt up to Rs 7,500 ccore. When a certain company is facing this kind of debt, it is definitely in big trouble. This might be a reason why there are some speculations that the airline will be bought by […]
Reliance Digital, which is among India’s largest electronic retail chain, had nearly tripled the number of its stores in the past one year. A year ago, the store counts to only 27 stores and now it had reached 75 outlets with 16 of these stores being established in the month of March 2012. This is […]
