Bachchan family in mega deal with Reliance Big Entertainment

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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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.

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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.

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