Tag: Anil Ambani

Kejriwal’s next target to be judiciary

Arvind Khejriwal 150x150 Kejriwal’s next target to be judiciaryActivist cum politician, Arvind Kejriwal announced his next target to be judiciary, after hit attack on politicians and businessmen.

As per IAC activist, there are huge numbers of high profile cases which has been dragging on in the courts for several years, but without any decisive outcome.

Media information suggested that while asking about his denial to direct go court with his charges, Kejriwal claimed government which forces him and party to ‘manage’ things outside. Read more

Reliance Communications consolidated net gains 3pct in Q1

Reliance Communications 150x150 Reliance Communications consolidated net gains 3pct in Q1According to latest Business sector news, Reliance Communications [RCom] has announced the report with a 3.1 percent growth in the company’s consolidated net profit at Rs 162 crore for the first quarter ended on June 30, this year.

The Anil Ambani-led firm, RCom, announced a net profit of Rs 157 crore for the same period of the last financial year. Read more

Reliance Com ties-up $1.18 bn fund for FCCBs

According to the latest news from the business sector of India, Reliance Communications Ltd. (R-Com), the major mobile telephony company of the Anil Ambani-headed Reliance Group, has recently announced a tied up foreign debt to refund the redemption of outstanding foreign currency convertible bonds (FCCB) issued by the firm.

In a statement issued by the company during the stock exchange filing, it announced that the company had managed to gain around $1.18 billion from Industrial and Commercial Bank of China, China Development Bank and Export Import Bank of China and few more lenders to refund the FCCBs that are due for redemption on 1 March.

As per the statement issued by the company, it is said, “R-Com will benefit from extended loan maturity of seven years and attractive interest cost of about 5 percent.” Read more

Under pressure power producers expects Govt. support

As per business sector report, a meeting of top power projects executives will be held on 18 January Wednesday with Prime Minister Manmohan Singh on the issue of bottlenecks on the road of power project.

However this is of the first time that all the top Companies executives have decided to meet with PM as a team. In the list some specific name of owner of firms are Ratan Tata, Anil Agarwal, Anil Ambani, Gautam Adani, Prashant Ruia, Sajjan and Naveen Jindal.

They all with other promoters and top executives will discuss their problem regarding additional capacity to be added in 12th Plan and ask PM Manmohan Singh to take a clear stand on this. Read more


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