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RCom board meet tomorrow to mull selling realty to cut debt
Fp Editors •The group may be looking at selling part of these properties as it is not using the entire office space
Why Veritas has valued RCom at Rs 15/share
Fp Staff •Terming the company a "house of cards", it said high debt, "whimsical" accounting policies and poor corporate governance standards are the key reasons for cutting the target price.
Reliance Cap and SBI star performers, Sensex above 16200
Fp Staff •Its a quiet session on the street today with the Sensex and Nifty up by half a percent. The Sensex, the barometer of the Indian economy, is trading at 16,223, up 51 points from the day's low and off 63 points from the day's high.
Live: Sensex down 243 pts as repo rate remains unchanged
Fp Staff •Despite heavy FII inflow, the markets are a bit edgy and nervous after the way the Rail Budget panned out yesterday.
TRAI proposals clearly favour Reliance Ind: analyst
Fp Editors •The Telecom Regulatory Authority of India's proposals on spectrum auction clearly favour Reliance Industries, according to Sanju Verma, managing director and CEO - securities business, Violet Arch Securities.
RIL finalising plans to roll out pan-India internet services
Fp Archives •Mukesh Ambani did not give a launch date of its much-anticipated service but said that he is currently finalising plans to offer services on a nation-wide basis and will be happy to report our progress in the coming years.
Next wave of RIL growth to come from consumer biz: Ambani
Fp Staff •Reliance Retail currently generates revenues of Rs 7,600 crore, the aim is to generate Rs 40,000-Rs 50,000 crore over the next three to four years, he said.
RIL to invest Rs 1,00,000 cr in India, partnerships key to growth
Fp Staff •The company will seek partnerships for feedstock to expand its presence in global markets. This means some amount of inorganic growth is required to tackle the global uncertainty.
UK cries hoarse over Anil's Mauritius fund
Fp Staff •The regulator has accused Anil Ambani led Reliance Group to have indirectly invested in a Mauritius-based fund which was used to make investments in one of its own companies.
'RCom's Flag Tele to file for $1.5 billion IPO in Singapore'
Fp Archives •Reliance Communications controlled Flag Telecom to list on Singapore Stock Exchange. It has divested 75% for $1.5 billion, reports Business Standard.