IRDAI slaps Rs 85 lakh on Reliance Life for violating norms

Last Updated: Friday, August 7, 2015, 22:43

Insurance sector regulator IRDAI has slapped a penalty of Rs 85 lakh on Reliance Life for violation of various norms, including outsourcing guidelines.

HC to decide on Aug 11 bench to hear RIL, Centre pleas

Last Updated: Thursday, August 6, 2015, 22:13

The Delhi High Court Thursday said it will decide on August 11 the bench that will hear RIL and the Centre's pleas against the city government's decision to lodge an FIR against two former Union ministers in connection with alleged irregularities in raising the price of gas from the company's KG6 basin.

Airtel beats Reliance Jio to launch 4G services across India

Last Updated: Thursday, August 6, 2015, 22:10

Bharti Airtel, India's largest telecom group by sales, rolled out superfast 4G mobile data packages in 296 towns and also plans to sell low-cost smartphones at a price as low as Rs 4,000.

HC seeks Centre's reply on RPower's plea in coal block case

Last Updated: Tuesday, August 4, 2015, 17:57

The Delhi High Court Tuesday sought the Centre's response on a plea by Reliance Power (RPower) and its subsidiary Sasan Power Ltd against the government's decision to cancel allocation of a coal block in Madhya Pradesh for the company's ultra mega power project there.

Rel MediaWorks completes multiplex biz sale to Carnival Group

Last Updated: Tuesday, August 4, 2015, 13:08

Anil Ambani-led Reliance MediaWorks Ltd (RMW) today said it has completed sale of its multiplex business to Carnival Cinemas for Rs 700 crore and will use the sales proceeds to bring down Reliance Capital's debt.

Reliance, Essar Oil to supply diesel to Railways

Last Updated: Monday, August 3, 2015, 23:00

Private refineries Reliance Industries and Essar Oil will supply diesel to the Railways, Lok Sabha was told Monday.

Govt recovers Rs 368 crore additional profit from RIL

Last Updated: Monday, August 3, 2015, 17:28

Government has recovered nearly a third of the USD 195.34 million additional profit it is claiming from Reliance Industries' KG-D6 field as a result of penalty imposed for gas output lagging targets, Oil Minister Dharmendra Pradhan said Monday.

Viacom Inc acquires 50% stake in Prism TV for Rs 940 crore

Last Updated: Friday, July 31, 2015, 20:40

US-based media firm Viacom Inc on Friday acquired 50 percent stake in Prism TV -- an entity of Reliance Industries-owned Network18 Group -- which owns and operates regional entertainment channels in India, including ETV Marathi and ETV Gujarati, for Rs 940 crore.

Reliance Jio to raise fresh debt of Rs 1,000 crore

Last Updated: Friday, July 31, 2015, 18:12

Gearing up for the launch of its low-cost 4G services, RIL's telecom arm Reliance Jio Infocomm plans to further raise Rs 1,000 crore through Non-Convertible Debentures to fund its business expansion.

RComm unit stake sale draws US interest: Sources

Last Updated: Friday, July 31, 2015, 14:11

Reliance Communications, India`s fourth-biggest mobile phone carrier and headed by billionaire Anil Ambani, is looking at a valuation of about $4 billion for the unit, which has about 45,000 mobile phone masts, the sources said.

RPower in HC on cancelling of mines allocated to Sasan Project

Last Updated: Thursday, July 30, 2015, 18:24

Reliance Power Ltd and its wholly owned subsidiary Sasan Power Ltd on Thursday moved Delhi High Court against the Centre's decision to cancel allocation of a coal block in Madhya Pradesh for the company's power project there.

Reliance Jio to raise Rs 3,500 cr debt

Last Updated: Thursday, July 30, 2015, 17:05

Ahead of launching commercial operations of 4G services, Reliance Jio Infocomm Ltd, the telecom arm of Reliance Industries Ltd, plans to raise Rs 3,500 crore debt to fund roll-out expenses.