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BIG Music & Home Entertainment (BMHE), part of the Reliance-Anil Dhirubhai Ambani Group, has entered into a licensing agreement with Paramount Home Entertainment of Hollywood, the company announced Saturday.
The deal provides BIG Music the exclusive distribution rights for Paramount home video productions in India and Sri Lanka.
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Tina Ambani, bollywood star in yore and wife of industrialist Anil Ambaniâ€™s, has been elected the trustee of Peabody Essex Museum (PEM) in the US to promote contemporary Indian art and artists.
PEM is known for collecting and presenting modern and contemporary Indian artists.
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BT-Cirrus survey of the biggest news-makers of 2007 threw up Mukesh Ambani’s Reliance Group as the biggest of them all. Everything he, and his group, does makes news, mostly on the basis of sheer scale.
In 2007, it was more and more of the same. During the year, Reliance Industries continued to make fresh gas discoveries in the Krishna-Godavari Basin. For good measure, it even struck oil there for the first time. Then, it re-launched its Vimal brand amid much fanfare and merged IPCL into itself during the year. And finally, it delivered big numbers where it really counts–on its bottom line.
Reliance Technology Ventures along with other venture capital firm Norwest Venture Partners India (NVP India) invested Suvidhaa Infoserve today. Press release however, did not mention the amount of funding received.
Reliance Infrastructure has won the the Golden Peacock Innovation Award(2008) for its Dahanu Thermal Power Station near Mumbai.
“Reliance Infrastructure Ltd’s Dahanu Thermal Power Station has won the Golden Peacock Innovation Award for year 2008 for innovative measures adopted by them for power generation,” a company release said.
Dahanu Thermal Power Station generates 500 MW electricity and meets nearly half of the demand in areas in the Suburban Mumbai. The power station, is ready for expansion with an additional capacity of 1,200 MW, thus aggregating its total capacity to 1,700 MW, the release said.
New York Times quoted him saying that a network of lobbyists and spies were overseen by his brother before they split.
“What most distinguishes Reliance from its rivals is what Ambanis friends and associates describe as his ‘intelligence agency’ a network of lobbyists and spies in New Delhi who they say collect data about the vulnerabilities of the powerful, about the minutiae of bureaucrats’ schedules, about the activities of their competitors,” the New York Times had said.
Mukesh is purported to have said in the interview that all such activities were overseen by his brother before they split, and had since been expunged from his tranche of the company. “We de-mergered all of that,” Mukesh was quoted as saying.
Here is link to Mukesh Ambaniâ€™s interview to NY Times
As per ET report Anil Ambani’s Group is understood to have filed a defamation suit for a whopping Rs 10,000 crore against elder Mukesh Ambani for remarks purported to have been made by him in an interview with the New York Times several weeks ago. It seems like this never ending feud between the Ambani brothers going to get bitter.
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Reliance Industries is redrawing its overseas acquisitions strategy to include more of producing and discovered acreages in the shopping list.
Anil Dhirubhai Ambani Group (ADAG)-promoted Reliance Power (R-Power) is planning to invest over Rs 60,000 crore in renewable and alternative energy resources such as hydroelectric, wind, solar and fuel cell-based power.
In addition, Reliance Natural Resources (RNRL), the fuel transportation arm of the Group, is planning to invest over Rs 12,000 crore in cement and shipping businesses.
Indian-American producer Ashok Amritraj and Anil Ambani’s Reliance Entertainment will on October 31 unveil their first film under a unique five-year co-production deal â€” ‘The Other End of the Line’.