Tag Archives: telecom

RIL picks 13% stake in US (Delaware) based tech firm SkyTran

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Wednesday, Reliance Industries Ltd said of its subsidiary company having picked 13% stake in US (Delaware) based personal transportation technology firm SkyTran Inc., paying USD($) 25 million. RIL’s investments aims to foster an exclusive partnership with SkyTran in India. Reliance

Apex Courts nods asset sale for ADAG’s RComm, the company to proceed with 250 billion rupee asset monetization plan

MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Monday, Reliance Communications Ltd (ADAG owned Telecom Entity) said of having got nod from the Apex Court of the nation for asset sales. Supreme Court of India has passed an order dated August 3, 2018, removing all uncertainties, and given a

Anil Ambani’s ‘Anmol’ lists gaming unit CODEMASTERS in UK, raises 14 billion rupees

MUMBAI | RAJKOT – Thank God its Friday! – one of the biggest day where indeed Anmol Anil Ambani has brought fortunes for ADAG (Anil Dhirubhai Ambani led Reliance Group) as his father Anil said of Anmol bringing luck to the company since his induction on the board, while inducting him and introducing him to

STOCK RADAR : Kolte Patil, Century Textiles, D-Link looks bullish technically

MUMBAI | AHMEDABAD | RAJKOT – Indian indices and equity markets are trading in bull-mode and sound bullish, fundamentally and technically. However technicals are sounding good for Kolte Patil Developers, Adani Ports, Century Textiles. A note of cuation and warning comes for Karnataka Bank shares ‘EXIT‘ if the stock cracks below 110 rupee levels, Ahmedabad

Reliance Industries Q3 (Oct-Dec) consolidated net profit up by 3% YoY, Gross Refining Margin dents

MUMBAI | AHMEDABAD | RAJKOT – Consolidated net profit of Reliance Industries Ltd for quarter ended on December 31 shot up marginally by 3% year-on-year at 75.67 billion rupees from 73.26 billion rupees, mainly due to sharp rise in topline and other income. Net sales of the company for the period under review broadened 16%