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2G spectrum scam: Anil Ambani is now a suspect

February 19, 2011 · Filed Under Reliance ADAG · Comment 

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Anil Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG), is now a suspect in the 2G scam, CBI sources have told HT. The investigators are not satisfied with his responses during the questioning session in the CBI headquarters here on Wednesday. An ADAG spokesperson, however, refused to reply to HT’s queries on the issue.

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ADAG stocks go up, RNRL feels the heat

May 10, 2010 · Filed Under Reliance ADAG, Reliance Natural Res · Comment 

With Reliance-Anil Dhirubhai Ambani Group (ADAG) group officials launching damage controlling measures, stocks of all group companies, except for Reliance Natural Resources, rose on Monday as the market scaled 591 points.

Reliance Infrastructure was the highest gainer on the BSE, which went up by 8.48% to Rs 1,062. However, the court’s verdict prompted several analysts to again rate the RNRL stock as the company will be getting gas at a higher price from Reliance Industries, owned by Anil’s brother, Mukesh. On Monday, RNRL’s stock was down 4.92 % and it closed at Rs 50 on the BSE.
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Anil Ambani partners Brad Pitt for sci-fi film

November 23, 2009 · Filed Under Reliance Entertainment · 2 Comments 

Reliance Big Entertainment, Anil Ambani’s entertainment arm, and Plan B, Hollywood megastar Brad Pitt’s production company, will together make a sci-fi and action film called Dark Void.

Dark Void is a game owned by Capcom, a developer and publisher of video games. It will release Dark Void for Microsoft’s Xbox 360 and Sony’s Playstation across North America and Europe in January 2010. Subsequently, Reliance Big Entertainment and Plan B will make a film on the same theme.
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Justice Katjus wife invested in funds of Anil Ambani group company

November 12, 2009 · Filed Under Reliance ADAG · Comment 

Was it a case of mistaken identity that led to recusal of Justice Markandey Katju from deciding a dispute between Mukesh Ambani owned RIL and BPCL over price differences in naptha supplied by the PSU?

Justice Katju, while recusing himself from the case, in which he heading a Bench had reserved judgment in September, had reasoned that his wife held shares in Reliance Industries. In reality, she did not hold any share in Reliance Industries but had invested Rs 2 lakh in two funds run by an Anil Ambani group company.
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Anil Ambani visits Badrinath, Kedarnath with family

October 11, 2009 · Filed Under Ambani Family · Comment 


ADAG group chief Anil Ambani today paid obeisance at the shrines of Kedarnath and Badrinath in Garhwal region of Uttarakhand.

According to an ADAG official, Ambani, along with few relatives and friends, spent an hour each at both the shrines and held special prayers there.
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Anil Ambani to invest in uttarakhand tourism sectors

October 11, 2009 · Filed Under Reliance ADAG · Comment 

Anil Dhirubhai Ambani Group (ADAG) Chairman Anil Ambani today said he was keen to invest in the industrial, power and tourism sectors in Uttarakhand.

After holding prayers at Badrinath and Kedarnath this morning, he flew here and was with Chief Minister Ramesh Pokhriyal Nishank for nearly an hour. An official spokesman later said Ambani expressed his desire to develop the Chardham tourist circuit (Badri, Kedar, Gangotri, Yamunotri) and inquired about various developmental plans in the region.
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Anil Ambani group plans criminal suit against DGH

October 9, 2009 · Filed Under Reliance ADAG · Comment 

The Anil Ambani group on Thursday wrote to the government saying it intended to launch criminal proceedings against exploration regulator V K Sibal for complaining he was facing threat to his life from the telecoms-to-power conglomerate.

In separate letters to the cabinet and home secretaries, the company said the allegations levelled by Sibal in his Tuesday letter to the government were frivolous, irresponsible, absurd and baseless.
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Reliance Communications To Launch 3G Communication Services

October 3, 2009 · Filed Under Reliance Comm · Comment 

SK C and C India and Reliance Communications (RCOM) have entered into a partnership agreement to facilitate the roll-out of network and services on next generation 3G / 4G platform. Reliance will utilize the knowledge and expertise of SK C and C, a systems service provider to SK Telecom, to build IP backbone network to process voice communication and data and develop plans to optimize the design of base stations for efficient linkage. Under the agreement, Reliance will have access to the know-how and knowledge of the best practice at SK Telecom to enhance the quality of its services by building a high-capacity, integrated (wireless and wire line) and convergent (voice, data and video) digital network for 3G Network and WiMax.
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Reliance-ADAG in talks with China’s Yulong for Joint venture

September 14, 2009 · Filed Under Reliance ADAG · Comment 

Reliance Anil Dhirubhai Ambani Group and Chinese handset maker Yulong are in advanced talks for a joint venture to sell dual mode mobile handsets in India. A deal on this is expected to be signed early next month.

Yulong sees a strategic fit with us as the R-ADAG offers both GSM and CDMA services through Reliance Communications, said Reliance Webstore CEO Sarup Chowdhary. Reliance Webstore is the retail arm of the group which runs its telecom business through R-COM. Yulong is a subsidiary of Hong Kong-listed China Wireless Technologies and manufacturer of dual mode handsets. The two players expect revenues of Rs 600 crore within five years of signing the deal.
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Big cinemas plans to add 100 more screens by next year

September 11, 2009 · Filed Under Reliance Entertainment · Comment 

Big Cinemas, a subsidiary of the Reliance Anil Dhirubhai Ambani Group (R-ADAG), plans to add around 100 more screens to its existing network by next year.

Big cinemas today is Indias largest cinema chain with a dominant network of over 213 screens spread across 66 cities. The company is proposing to scale up the network by adding 100 more screens by next year leading to a presence across 85 cities and would cater to more than 35 million customers annually in India, said a company statement released here Thursday.
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