Reliance Power, promoted by Anil Ambani, has plans to raise Rs.20,000 crore ($4 billion) in 2009-10 in order to finance various power projects.
 
"In all, we raised about Rs.200 billion of debt for various generation projects. We are on course to raise Rs.20,000 crore of debt this ...

The Reliance ADAG group has tied up finances for its 300 MW power plant at Butibori in Mahrashtra and expects the project to be operational by 2011-12.
 
Announcing the financial closure with Axis Bank as the lead institution, the group said that the project would meet the power requirements ...

Reliance Mobile has joined hands with the US-based Gameloft, which specialises in developing mobile games based on celebrities and Hollywood movies.
 
Under the terms of the agreement, Gameloft will release a mobile game based on the life of American heiress and socialite Paris Hilton, ...

The Supreme Court on Monday postponed the hearing on the dispute over natural gas supply from the Krishna-Godavari basin between Mukesh Ambani’s Reliance Industries and his brother Anil's Reliance Natural Resources Ltd to September 1.
 
The court, which commenced hearing the petition ...

Anil Dhirubhai Ambani Group has tied up the finances for the Rs.50-billion for the Rosa power project in Uttar Pradesh and hopes to start the first phase of operations this year.
 
Announcing the financial closure with IDBI Bank as the lead institution, the group said that the project which ...

Reliance Anil Dhirubhai Ambani group-promoted Reliance Mutual Fund introduced a new dedicated infrastructure fund to invest in companies engaged in infrastructure and related sectors. The newly launched Reliance Infrastructure Fund will make investment in infrastructure and infrastructure-related ...

A subsidiary of the Reliance Anil Dhirubhai Ambani Group (R-ADAG), Big Cinemas is all set to unveil its first multiplex in Chicago on Friday (May 29). The new multiplex called Big Cinemas-Golf Glen in Chicago will have five screens and one premium lounge. Big Cinemas' multiplex will be connected to ...

On Monday (13th April) the Delhi High Court dismissed a petition filed by Tata Power, which challenged the government’s decision to allow Reliance Power to divert excess coal from captive mines of Sasan power project to its other power projects. The Rs 24,000 crore Sasan project has been ...

Reliance Infrastructure, an Anil Dhirubhai Ambani Group company, has finalized its contracts for a metro rail link between Delhi international airport and city centre. The Delhi Airport Metro Express Pvt Ltd (DAMEPL) has won the 30-year concession to design, build, finance, operate and maintain the ...

The part of Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Reliance Money on Tuesday (February 24) launched a mobile trading portal across all mobile platforms. Reliance Money introduced the new service to capture the increasing number of mobile savvy investors. With the launch of new service the ...

The chief minister of Maharashtra, Ashok Chavan laid the foundation stone of 300-MW power project of Reliance Power on Sunday (February 22). The coal-based power project will come up at Butibori industrial area near Nagpur. According to a statement released to the media, the power project will be ...

The unit of Reliance Anil Dhirubhai Ambani Group (R-ADAG), Big Cinemas is likely to introduce two four-screen multiplexes in north India. According to company statement, the four-screen multiplexes will come up at Ansal Plaza Mall, Greater Noida and at Paras Downtown Mall in ...

The Reliance-Anil Dhirubhai Ambani Group (R-ADAG) bagged the Tilaiya ultra mega power project (UMPP) which will be set up with an investment of over Rs.120 billion. The contract has been awarded to group company Reliance Power which has already won two other UMPP contracts at Sasan in Madhya ...

The media and entertainment arm of Reliance-Anil Dhirubhai Ambani Group (R-ADAG), Reliance Big Entertainment has struck two more deals with actress Julia Roberts and director Brett Ratner. According to a company statement, Big Entertainment has entered into creative partnerships with Julia Roberts' ...

After doing well in the field of movie production and distribution, the Reliance-Anil Dhirubhai Ambani Group (R-ADAG) has now entered into the movie marketing arena through its new venture, BIG Boom.
 
BIG Boom is a part of Reliance BIG Entertainment Ltd, responsible for movie and ...

The Reliance Anil Dhirubhai Ambani Group (ADAG) inked as many as three agreements with the government of Gujarat with a view to invest Rs105 billion in the state. While addressing Vibrant Gujarat Global Investors' Summit at Ahmedabad on Tuesday (January 13), group chairman Anil Ambani revealed the ...

Industrialist Anil Ambani continues to be on the focus of US magazine ‘Forbes’ but this time around for topping the list of 'Billionaire Blowups of 2008' by virtue of turning the biggest loser of wealth in less than a year, after being touted as the biggest gainer in the ...

Reliance Communications has announced to offer free laptop on purchase of its internet connection. In order to get a laptop free of cost a customer has take a two-year net connection with a Rs 1,500 monthly tariff plan from Reliance. To implement its plan, Reliance Communications has entered into ...

The telecom branch of Anil Ambani's ADA Group, Reliance Communications (RCOM) is all geared up to introduce its GSM (Global System for Mobile Communications) service in the key cities of India.  On September 28, 2008, the company soft introduced GSM in Mumbai and Delhi in participation with ...

Reliance Big Music of ADAG has entered into an exclusive home-video licensing agreement with Paramount Home Entertainment. With the latest agreement the Big Music & Home Entertainment would get exclusive home-video distribution rights for Paramount Home Entertainment, DreamWorks Animation SKG ...

Taking cognizance of offensive language used by brother Mukesh Ambani, Anil has charged for defamation in Mumbai High Court. According to reports, Anil has filed a defamation suite for Rs 10,000 crore. Admittedly, Mukesh Ambani in his interview to the New York Times several weeks ago had uttered ...

After a lot of waiting the DreamWorks SKG, a major American film studio, inked deal with India's Reliance ADA Group led by Anil Ambani for setting up a $1.2 billion film company. This will pave way for the American studio, co-founded by director Steven Spielberg, to come out of the folds of the ...

Reliance Infrastructure, a company under the Reliance-Anil Dhirubhai Ambani Group (R-ADAG), said on Monday, September 15, 2008 that it will be spending Rs 400 billion in Jharkhand for setting up a 12-million-tonne per annum greenfield steel plant. State Industries Sectary KK Khandelwal has ...

Sources inform that Anil Dhirubhai Ambani Group's media and entertainment branch, Reliance Big Entertainment has bought away a majority pie in the Willow TV of United States. The Willow TV is the biggest portal in the world for live internet streaming of important cricketing action. Officials from ...

RIL has scrapped its plan to transfer 80% of its participatory interest in the Krishna Godavari basin gas field to its subsidiaries. According to company source, RIL has raised the requisite financial resources and is no longer pursuing the application for assignment of participating Interest (PI) ...

The economy may be reeling under the pressure of inflation, but this hardly seems to have had any impact on the RCOM chief Anil Ambani, whose pay packet swelled almost six fold over the past fiscal. From around Rs 2.4 Crore in the year ended March 2007, Anil Ambani's full-year pay hiked to Rs 13.4 ...

Reliance Money, the broking and financial services arm of Reliance ADAG, has announced that it has formed a distribution tie-up with the Chellarams of Nigeria in order to address the requirements of non-resident Indians (NRIs) in Africa.  The Indian company targets to create about 50 per cent ...

Anil Ambani’s Reliance Communications (RCOM) is looking at alternative structures for not letting the possibility of a deal die with telecom giant MTN. RCOM perhaps in a partnership with Middle East based sovereign Wealth fund may buy large equity stake in MTN. This move will make RCOM the ...

Reliance Big entertainment arm of ADAG has entered into joint venture with Hollywood living legend Steven Spielberg. Under the new agreement, joint venture will make six films a year. Reliance Big has invested $500 million in the project and this joint venture company will fund all Spielberg ...

The merger talks of Anil Ambani’s flagship company, Reliance Communications (RCom) with the MTN Group of South Africa, which is a major multinational mobile telecommunications company, could be in trouble. The enmity between the Ambani brothers – Anil and Mukesh – has resurfaced ...