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Reliance Comm hits record low on Veritas report

June 20, 2012 · Filed Under Reliance Comm · Comment 

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Reliance Communications shares hit a record low of 59.45 rupees on Tuesday after a critical report from Canadian research firm Veritas, traders said. Shares in Reliance Communications, controlled by billionaire Anil Ambani, have been under pressure in recent years due to debt, fierce competition, and several unsuccessful attempts to raise funds by selling assets.
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Reliance Power gets $80-mn export financing nod from US Exim Bank

April 15, 2012 · Filed Under Reliance Power · Comment 

The Export-Import Bank of the US has approved a $80.32 million (over Rs 400 crore) direct loan for Anil Ambani-led Reliance Group firm R-Power’s purchase of solar power technology from American companies.

The technology would be purchased from companies in eight states of the US and would be used for R-Power (Reliance Power) solar energy project in Rajasthan, India.

The Exim Bank said that its board has approved the loan for this project, named Rajasthan Sun Technique Energy Private Limited — a subsidiary of R-Power and being co-financed by Asian Development Bank and Dutch development bank.
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Anil Ambani: Die another day!

April 11, 2012 · Filed Under Ambani Family · Comment 

Anil Ambani, 51, is on no. 7 on the India Today High and Mighty power list 2012. Here is why…images2

Because
his influence in Delhi’s power circles saw him lead a harassed telecom industry in negotiations with the Government; neither he nor Ratan Tata was named in the 2G cases.

Because
when no Indian banks offered him finance in January 2012, he arranged a Rs.6,000-crore loan from a consortium of Chinese banks.

Because
his ventures also received low-interest financing from Japan and Europe.

Because
three films produced by Reliance DreamWorks, his jv with Steven Spielberg, were nominated for 11 Academy Awards.

Because
his truce with elder brother Mukesh, confirmed at a family reunion in Chorwad, Gujarat, in December 2011 to mark father Dhirubhai Ambani’s 80th birth anniversary, boosted their stock prices.

Birthday gift
He visited the Mahakal Temple in Ujjain on his 51st birthday in June 2011, with elder son Jai Anmol.

Source: www.indiatoday.in

Reliance Communications plans to list undersea cable arm

April 11, 2012 · Filed Under Reliance Comm · Comment 

Anil Ambani’s Reliance Communications (RCOM) is likely to launch an initial public offering of about Rs 7,500 crore for its undersea cable unit Flag Telecom on the Singapore Stock Exchange, the debt-laden telecom major said in a filing to the Bombay Stock Exchange on Tuesday. The company may look to sell around 75% of its holding in Flag Telecom, which is being valued at Rs 7,500-10,000 crore.

“RCOM is evaluating a potential IPO listing in Singapore of its subsea telecommunications infrastructure network business, through a Singapore business trust,” the company statement said.
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Reliance Ent to give $200 mn to Spielberg’s Dreamworks

April 11, 2012 · Filed Under Reliance Entertainment · Comment 

<a href=Anil ambani” width=”150″ height=”150″ />Reliance Entertainment, a unit of the Anil Ambani-led ADA Group, is expected to give USD 200 million to Hollywood director Steven Spielberg’s DreamWorks Studios, a deal which will extend a new financial lease of life to the struggling California-based film company.

Reliance Entertainment has “agreed in principle” to continue financing the film studio Spielberg founded. Under the arrangement, DreamWorks would make fewer movies in a year, down to about three from the six it had originally intended, reported the New York Times.
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Anil Ambani with his son : Pictures

April 9, 2012 · Filed Under Ambani Family, Photo Gallery · 3 Comments 

Reliance ADAG Chairman An1il Ambani on his 51st birthday visited the holy temple of Mahakal in Ujjain on June 4 to witness the holy rituals of Mahakal temple called “Ash Aarti.”

Anil Ambani’s younger son Jai Anmol also accompanied him in the prayer.

Anil and his son pose for a photogragh after offering prayers in Ujjain.

Anil Ambani coming out after offering prayers at the Mahakal Temple.

Anil Ambani and his son Jai Anmol seen with the head priest of the temple.

After the worship they flew to Mumbai via Indore by a charter flight.
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BIG Cinemas, Cinepolis in talks for alliance

April 8, 2012 · Filed Under Reliance Entertainment · Comment 

The Mexico-headquartered Cinepolis, the world’s fifth largest multiplex operator with over 2,500 screens, is in talks with the Anil Ambani-promoted BIG Cinemas for a strategic alliance.

The alliance may entail buying a stake in some of BIG Cinemas’ screens.

BIG Cinemas is the exhibition arm of Reliance MediaWorks (RMW), which also has a presence in film services, including motion picture processing, studio facilities, film restoration, equipment rentals, visual effects, animation and post-production.
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Anil Ambani mixes business with pleasure on Kashmir visit

April 8, 2012 · Filed Under Ambani Family, Photo Gallery · Comment 

In Srinagar Dressed in a dark jacket and jeans, Anil Ambani, who is presently in Srinagar, looked dapper and seemed to be enjoying his visit to the valley. The chairman of Reliance Anil Dhirubhai Ambani Group was seen taking a casual stroll with wife Tina near Dal lake on Thursday evening. This was after they had visited the Tulip garden in Srinagar.
anil ambnai tina ambani <a href=family in kashmir valley” width=”300″ height=”181″ />
Tina, dressed casually, had a shawl draped over her shoulders and a camera in hand. The weather in Srinagar is pleasant, with average temperatures hovering around 18 degrees Celsius. On Friday, they had gone sightseeing to Gulmarg, a two-hour journey by road.
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Anil Ambani family pays obeisance at Golden Temple

April 8, 2012 · Filed Under Ambani Family, Photo Gallery · Comment 

Industrialist Anil Ambani today paid obeisance at Golden Temple here with his family. His wife Tina Ambani along with his mother and sons were also with him. Muneem said they were here with sole motive to pay obeisance.
ambani-family-pays-obeisance-at-golden-temple
Ambani family reached here without noticeable security cover, and spent one hour inside the temple and listened to Shabad Kirtan (religious hymns).

1148136
Anil’s mother Kokila Ambani showed keen interest in the Langar (community kitchen of the Golden Temple).

After paying obeisance, Ambani family was honored with set of woolen shawls, set of Sikh religious books and big portrait of Golden Temple by the Information officer of the Golden Temple Gurbachan Singh.

Earlier, the family had reached Amritsar in a special air craft from Srinagar.

Source: timesofindia

Anil Ambani in Valley with family

April 8, 2012 · Filed Under Ambani Family, Photo Gallery · Comment 

<a href=Anil ambani family at vally kashmir” width=”300″ height=”181″ />Prominent industrialist and chairman of Anil Dhirubhai Ambani Group (ADAG), Anil Ambani, Thursday arrived in the Valley.

Anil Ambani will be staying in the valley for the next three days during which he is likely to meet Chief Minister Omar Abdullah to chalk out strategy for engaging Kashmir youth in his companies.
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