Japan's Sumitomo Mitsui Trust Bank buys Reliance Capital stake

Last Updated: Thursday, March 12, 2015, 12:29

Preparing for its banking foray, Reliance Capital has completed sale of 2.77 per cent stake for Rs 371 crore to Japan's Sumitomo Mitsui Trust Bank, which would be a strategic partner in the proposed bank.

Pipavav deal: Reliance Infra makes Rs 1,263-cr open offer

Last Updated: Tuesday, March 10, 2015, 20:05

Taking forward its proposed takeover of Pipavav Defence, Reliance Infrastructure Tuesday made an open offer for acquisition of further 26 percent stake from public shareholders for Rs 1,263 crore.

Pipavav to become top defence manufacturer: Anil Ambani

Last Updated: Sunday, March 8, 2015, 19:09

Within days of acquiring controlling stake in Pipavav Defence and Offshore Engineering, Reliance Group chief Anil Ambani Sunday said he will make it the country's biggest defence manufacturer.

Reliance, Essar stocks take a beating amid 'espionage' scandal

Last Updated: Monday, February 23, 2015, 19:39

Stocks of Anil Ambani-led Reliance Group companies, Essar Oil and Mukesh Ambani-led Reliance Industries Ltd witnessed huge selling pressure Monday as investors booked profit amid concerns relating to the "corporate espionage" scandal.

Anil Ambani's Reliance Group forays into defence sector

Last Updated: Thursday, February 12, 2015, 13:49

Three subsidiaries have been incorporated for the foray under group firm Reliance Infrastructure, the company said in a regulatory filing.

Ordinance boost: RCap eyes foreign funds in insurance ventures

Last Updated: Sunday, December 28, 2014, 15:16

Within days of government allowing more overseas investment in insurance sector through an ordinance, Anil Ambani-led Reliance Group has initiated a process for inducting foreign partners in its general and health insurance ventures with up to 49 percent stakes.

Promoters pledge Rs 3,700-cr worth shares in 3 Reliance firms

Last Updated: Wednesday, December 24, 2014, 23:44

Promoter entities of three companies of Anil Ambani-led Reliance Group -- RCOM, R-Infra and R-Power -- have pledged shares that are worth about Rs 3,700 crore at the current market value.

Anil Ambani's Reliance Group sells multiplex biz to Carnival

Last Updated: Monday, December 15, 2014, 10:37

Anil Ambani-led Reliance Group has sold its Big Cinemas unit to South India-based Carnival Group in a deal that would lower the debt of its financial services arm Reliance Capital by about Rs 700 crore.

Reliance Jio, Airtel join hands for sharing telecom infrastructure

Last Updated: Tuesday, December 10, 2013, 21:05

Yesterday, Ambani had said the Reliance group was open to join hands with Bharti Airtel for improving telecom network for 4G services in Punjab.

Reliance Life Q2 net profit soars four-fold to Rs 136 cr

Last Updated: Sunday, November 24, 2013, 15:13

Leading private insurer Reliance Life has posted an over four-fold surge in its second quarter net profit to Rs 136 crore, helped by increased sales of traditional policies and better agent productivity.

Rel Life to focus on traditional plans, agent productivity

Last Updated: Sunday, October 27, 2013, 12:45

Leading private sector insurer Reliance Life Insurance says it is focussing on traditional products and agent productivity to boost insurance penetration in the country.

Tata, Ambani, Birla among 26 in race for bank licence

Last Updated: Monday, July 1, 2013, 20:57

Tata Sons, LIC Housing Finance, Aditya Birla Nuvo, Department of Posts, Reliance Capital and Bajaj Finserv are among the 26 private and public sector entities which have applied to RBI for grant of bank licences.