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Reliance Communications buy back bonds in International market

December 23, 2008 · Filed Under Reliance Comm · Comment 

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Reliance Communication has become the first corporate to buy back its bonds in the international market. The corporate is taking advantage of the recent RBI guidelines allowing use of rupee resources to buy back bonds worth $50 m. Once this tranche is over, the company will also look at buying back using forex from the market. Bankers said that a host of other companies have also applied to the Reserve Bank of India for approval to buy back bonds.
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CPI(M) demand action against Anil Ambani firms over UBS issue

December 23, 2008 · Filed Under Reliance ADAG · Comment 


The CPI(M) leader in the Lok Sabha, Basudeb Acharia, has written a letter to the prime minister seeking action against Anil Dhirubhai Ambani Group (ADAG) companies and UBS over alleged misuse of Foreign Currency Convertible Bonds (FCCBs) and External Commercial Borrowing (ECB) norms.
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Reliance Comm blames Airtel for not giving access to extra bandwidth

December 23, 2008 · Filed Under Reliance Comm · Comment 


Even as Internet services continued to be disrupted in the country, Reliance Communications has written to the telecom regulator that other long distance telecom operators, especially Bharti Airtel, was not co-operating in giving access to its infrastructure.
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Big Pictures plans to release 18 films in 2009

December 23, 2008 · Filed Under Reliance Entertainment · Comment 


Reliance Big Pictures has chalked out a 18-movie slate for 2009 release, defying scale back plans announced by some other big film producers.

Being part of the mega plan to produce 70 movies over three years, Big Pictures will roll out 11 Hindi films in 2009 while the other seven films will be in five regional languages.
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Fitch Ratings downgrads Reliance Infrastructure’s national long-term rating to ‘AA’ from ‘AA+’

December 23, 2008 · Filed Under Reliance Infrastructure · Comment 


Global rating agency Fitch has downgraded Anil Ambani-led Reliance Infrastructure’s national long-term rating by a notch due to increased uncertainty over the proposed Rs 7,840 crore equity infusion programme.
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Reliance Infra awarded Gurgoan-Faridabad road project.

December 23, 2008 · Filed Under Reliance Infrastructure · Comment 


Reliance Infrastructure, the infrastructure arm of Reliance Anil Dhirubhai Ambani Group (ADAG), has been awarded four-laning of Gurgoan-Faridabad road and up-gradation of Ballabgarh-Sohana road on build-operate-transfer (BOT) mode.
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RIL leases clean oil products storage in Singapore

December 23, 2008 · Filed Under Reliance Industries · Comment 

India’s Reliance Industries has leased 100,000 cubic metres (cu m) of clean oil products storage in Singapore, further expanding its global presence as the private oil refiner prepares to commission its new mega-refinery.

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Achievements Of Dhirubhai Ambani

December 23, 2008 · Filed Under Ambani Family · Comment 


June, 1998 : Leading business magazine, Business Barons placed Dhirubhai Ambani in its list of ‘India’s 25 Most Influential Business and Financial Leaders’.
June, 1998 : Chosen as ‘Star of Asia’ by Business Week, USA.
June, 1998 : Awarded the Dean’s Medal by the Wharton School, University of Pennsylvania for setting an outstanding example of leadership.
October, 1998 : Dhirubhai Ambani is the only Indian industrialist to feature in the ‘Business Hall of Fame’ in Asiaweek.
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Management Mantras Of Dhirubhai Ambani

December 23, 2008 · Filed Under Ambani Family · Comment 


1. Growth has no limit -keep revising your vision : If you make one grand plan and stick to it without updating it with new inputs, adapting to new forces and adopting new practices, then it is a recipe for disaster. Remember, a goal is worth it only if you get there. And growth is life.
2. Leap, look, leap : There is a saying that there are only three kinds of people. Those who make things happen. Those who watch things happen and those who say what happened. Those that belong to the first category think big, project it with clear vision and then move with great speed to achieve their goal.
3. Nurture and motivate the youth : The youth are energetic and brimming with new ideas, and have talent and a desire to excel. Extend them the support they need, nurture them. Each one of them has an infinite source of energy. Create the right environment and they will deliver with glorious returns on investments.
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Chronology Of Events - Dhirubhai Ambani

December 23, 2008 · Filed Under Ambani Family · Comment 


1932 : Dhirubhai Ambani was born.
1949 : At the age of 17, he went to Aden, and worked for A. Besse & Co., the sole selling distributor of Shell products.
1958 : Dhirubhai Ambani returned to India.
1958 : Started his first company in Mumbai, Reliance Commercial Corporation, a commodity trading and export house.
1966 : Set up a textile mill in Naroda, Ahmedabad - the first step in Reliance’s road to success.
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