Mukesh Ambani signalled on Thursday that India's broadband customers could look forward to a sharp dip in charges as his big foray into telecoms with a 4G network rolls out soon. HT reports.
The number of investor complaints has come down drastically at the country's top mutual funds, with Reliance MF leading the charts with the highest decline among the five biggest players.
Reliance Industries Ltd (RIL) on Thursday said the company has embarked upon the largest investment programme in its history and will invest Rs.
1.5 lakh crore across energy, petrochemicals and telecom businesses over the next three years. HT
ONGC has said it can go alone for the $5-6 billion acquisition of a 20% stake in the Rovuma basin gas block in Mozambique and it was not in talks with any global major to share the cost of acquisition as funds were not a constraint. Anupama Airy
reports. Who holds how much
A public interest litigation (PIL) seeking CBI prosecution against the directors of pharmaceutical major Ranbaxy was filed on Wednesday in the Supreme Court, and sought a stoppage of medicine manufacture by the company on the ground that it had supplied adulterated drugs. HT
After a few relatively quiet years, there's a stream of positive news coming out of Reliance Industries. Anupama Airy
reports. Inside India’s largest company
In a sign of thawing investment climate in Europe, Britain's nodal railway company Network Rail has chosen Tata Consultancy Service, Cognizant and three other companies to design, build and manage its IT infrastructure. HT reports.
Apple expects to expand its Silicon Valley workforce by nearly 50% during the next three years, signaling the company's faith in its ability to keep coming up with hit products like the iPhone and iPad.
The directorate of enforcement has issued a show cause notice to one of India’s leading realty developers Emaar MGF to the tune of Rs.
8600 crore for violating FDI rules under FEMA laws. Sanjib Kr Baruah
In the first major change after NR Narayana Murthy returned to Infosys, the company appointed V Balakrishnan as chairman of Lodestone, the Swiss consulting firm it acquired last September, today. Vivek Sinha reports.
Indian telecommunications carrier Bharti Airtel Ltd has submitted its final bid for a telecoms licence in Myanmar, a company spokesman told Reuters today.
The penalty woes for Vodafone have refused to go with the Department of Telecom imposing a fresh penalty of Rs.
1,263 crore for allegedly under reporting revenues during financial years 2007-08 to 2010-11.
The in-principle approval for setting up of new banks will now be valid for 18 months.
The government on Monday clarified that a group company is one in which two or more enterprises can directly or indirectly exercise at least 26% voting rights of another company, or can appoint more than 50% of its board of directors.
McGraw Hill Financial Inc, the company that owns credit rating firm Standard & Poor’s (S&P), on Monday said it will make a voluntary open offer to raise its holding in rating agency CRISIL to 75% in a deal worth about Rs. 1,900 crore.