Dhirubhai Institute planning a reseach facility in West Bengal

November 25, 2008 · Filed Under Reliance ADAG · Comment 


Dhirubhai Ambani Institute of Information and Communication Technology is planning a IT education and research facility at Haringhata in West Bengal in line with a similar institute set up by the Ambani Group at Ahmedabad in Gujarat.

A Bill in this regard was passed in the State Assembly today. Introducing the Bill, State Higher Education Minister Sudarshan Raychoudhuri said the Institute would create centres of excellence for imparting state-of-the-art education, training and research in the fields of information and communication technology.
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Anil Kapoor - CEO of Big TV quits

November 8, 2008 · Filed Under Reliance ADAG · Comment 


The CEO of Big TV, R-ADAG’s direct-to-home venture, Arun Kapoor, has put in his papers just four monthsarunkapoorbigtv after joining the DTH company. He was poached from Dish TV where he was the CEO since 2006. His resignation has surprised the DTH industry as Big TV was launched just two months ago and Mr Kapoor had announced long-term plans for the company.

The R-ADAG official spokesperson confirmed the development and said that Mr Kapoor has already been relieved of his duties. The spokesperson refused to give out reasons for the move. Mr Kapoor could not be contacted.

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Anil Ambani looks for stake in Gopinath’s Deccan Cargo

November 5, 2008 · Filed Under Reliance ADAG · Comment 


Anil Dhirubhai Ambani Group (ADAG) private equity arm, Reliance Equity Advisors, is holding talks to invest over $50 million (Rs 250 crore) in Gopinath’s new venture — Deccan Cargo — in return for a significant minority stake in the start-up airline, sources said.

Gopinath’s new dream of linking India’s distant hinterlands to the mainstream markets is expected to take off in January next year with fleet of Airbus aircrafts.

Others in the fray to pick up a slice of Deccan Cargo include US venture capital major New Enterprise Associates (NEA) and Intel Capital. Sources said the investment bank with fund-raising mandate from Gopinath has approached 3-4 suitors, including ADAG, and will probably narrow down to a potential suitor within two weeks.
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Reliance Technology Ventures invests in Suvidhaa Infoserve

September 25, 2008 · Filed Under Reliance ADAG · Comment 

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.

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Reliance ADAG To Kick-Off Big TV On Tuesday

August 19, 2008 · Filed Under Reliance ADAG · Comment 

Reliance Anil Dhirubhai Ambani Group is expected to kick-off the much-awaited Big TV, the Direct-To- Home service from Reliance’s Big TV DTH service on Tuesday, August 19th, in Mumbai, reported the media. Read more

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Reliance Offer Ashutosh 35 Crore After ´Jodhaa Akbar´?

August 12, 2008 · Filed Under Reliance ADAG · Comment 

The ‘Lagaan’, ‘Swades’ and ‘Jodhaa Akbar’ director Ashutosh Gowariker is presently busy with his next, ‘What’s Your Rashee’. Read more

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Reliance ADAG\’s BIG Music & Home Entertainment inks exclusive deal with Warner

July 30, 2008 · Filed Under Reliance ADAG · 1 Comment 

Reliance Anil Dhirubhai Ambani Group company BIG Music & Home Entertainment has signed on Warner Home Video as its exclusive home video licensee for India, Sri Lanka and Bangladesh.
Under the strategic alliance BIG Music & Home Entertainment will market and distribute VCD, DVD and Blu Ray products from Warner Home Video, which has titles like the classic Gone with the Wind and Doctor Zhivago,The Matrix Trilogy, 300, and the Harry Potter, Batman and Superman franchises. Read more

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Savvion Selected by Reliance Capital for BPM

July 17, 2008 · Filed Under Reliance ADAG, Reliance Capital · Comment 

Savvion, a business process management (BPM) company, announced that Reliance Capital, a Reliance ADA group company and one of India’s leading and fastest growing private sector financial services companies, will deploy Savvion BusinessManager 7.0 as part of an enterprise BPM initiative spanning all company subsidiaries - Mutual Fund, Life Insurance, General Insurance, Reliance Money and Consumer Finance. Read more

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Anil Ambani Launches $2-Billion Private Equity Fund

July 9, 2008 · Filed Under Reliance ADAG · Comment 

Anil Dhirubhai Ambani Group (ADAG) is hitting the private equity road braving the market turmoil. The group is promoting a $2-billion yet-to-be named fund as a standalone entity, and not as part of Reliance Capital, sources said.

The group has put in place a fund team that is already chasing deals of at least $50-75 million in size. The general purpose fund has already raised over $500 million with Anil Ambani as anchor limited partner, sources added. Mr Ambani’s infusion is believed to have come from his personal holding companies - Batista and AAA.
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Reliance’s Big Broadcasting appoints Manavjeet Singh as distribution head

July 1, 2008 · Filed Under Reliance ADAG · Comment 

Reliance ADAG is gearing up for the launch of its bouquet of entertainment channels. As a step in this direction, Big Broadcasting has appointed Manavjeet Singh as head - distribution.

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