With open offer to buy 26% stake, Adanis seek to become majority shareholder in NDTV

In a stunning move with the potential to change the media landscape, billionaire Gautam Adani launched a hostile takeover of media giant NDTV, first with an indirect acquisition of a 29.18 per cent......

Prasad, Tewari under a cloud over retainer service to Reliance

While Manish Tewari said he had surrendered his bar licence the day he was made a Union minister in 2012 and had written to RIL terminating the relationship, Ravi Shankar Prasad said he had......

RIL's Infotel kick-starts fund-raising exercise

Infotel Broadband Services, in which Reliance Industries Ltd has a 95 per cent stake, is looking to raise as much as Rs 1,000 crore (Rs 10 billion) through short-term commercial paper. Infotel is......

Telecom firms face Rs 400 cr fine

The Telecom Commission is considering imposing fines of Rs 400 crore (Rs 4 billion) on seven telecom service providers for delay in commissioning of services. A note for this purpose was put up for......

Fewer Reliance users hit telecom numbers

The basic service subscriber base, which includes landlines, WLL (F) and digital mobile offered by private players, has declined 2.3 per cent in March from the previous month.The latest figures......

RIL to invest Rs 2-lakh cr in oil biz, says Mukesh Ambani

The billionaire industrialist also unveiled a roadmap focused on adding capacity in core businesses Reliance Industries will begin commercial operations of its much-awaited 4G telecom services by......