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Bachchan family in mega deal with Reliance Big Entertainment
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The Bachchan family has joined forces with the fast-growing entertainment arm of the conglomerate Reliance to produce movies, television shows and concerts.
Reliance Big Entertainment will provide between Rs 1000 crore to Rs 1500 crore to fund new ventures of the Bachchan family, which includes three of Bollywood’s biggest stars: Amitabh Bachchan, who in his 60s continues to be one of the country’s top box-office draws; his actor son, Abhishek; and Abhishek’s wife, Aishwarya Rai, one of India’s best-known female stars. Jaya Bhaduri, the matriarch of the family, is also a seasoned actress, who has appeared in several films in recent years.
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Reliance in cooperation agreement with UAE petro company
Reliance Exploration and Production, a subsidiary of Reliance Industries Limited (RIL) has signed here a cooperation agreement with the United Arab Emirates-based petroleum company Crescent Petroleum, a news agency reported on Wednesday.
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Now, Reliance forays into Kannada film industry
Anil Ambani’s Reliance Entertainment is all set to penetrate the southern film market in a big way. It has already announced two projects that will go on floors in August.
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India’s Reliance to pump natural gas in Sept-govt
Reliance Industries Ltd will start pumping 25 million standard cubic metres a day (mmscmd) of natural gas by September from its D-6 field in the Krishna Godavari basin, the oil ministry said on Wednesday.
Video on Ambani vs Ambani : Ambani brothers’ feud
Shares in the Indian mobile operator Reliance Communications fell almost 2 percent Monday amid fears that a family feud could delay a multibillion-dollar merger with MTN of South Africa. Continue Reading »»
India’s Reliance talking with DreamWorks
India’s Reliance Entertainment and other investors are in talks with Hollywood’s DreamWorks SKG to raise up to $2 billion to create a movie venture, two people familiar with negotiations said Tuesday.
Crescent Petroleum signs cooperation agreement with Reliance
The cooperation agreement is intended to establish a sustainable framework for concluding specific accords to jointly undertake or participate in the development of oil, gas and other industrial projects of mutual interest in the region’s energy sector, including upstream development, midstream pipelines and related facilities, as well as downstream industrial and petrochemical projects.
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Reliance-MTN Deal Offers an Opportunity for Private Equity
The proposed share-swap deal between India’s Reliance Communications and MTN Group of South Africa could throw up one of the biggest deals so far this year for private-equity firms, with an investment of potentially $5 billion to $6 billion up for grabs, say people familiar with the situation.
Reliance Globalcom in VoIP alliance with Stealth Communications
Reliance Globalcom, an unit Reliance Communications Ltd. (RCom), said that it has signed a strategic alliance pact with U.S.-based Stealth Communications to extend the world’s largest voice over internet protocol (VoIP) network.
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Reliance deal moves ahead
Rajesh Sawhney, president of Reliance Entertainment, says the Indian conglom has no illusions about the challenges ahead as it completes its plan to make a $500 million investment in DreamWorks.
“Scale is the second word in our corporate philosophy. The first one is ambition,” Sawhney told Daily Variety.