Reliance Defence signs a JV... | MyPRGenie. Reliance Defence, led by Anil Ambani, announced its tie-up with Israeli Rafael Advanced Defence Systems, worth Rs 65,000 crore, to develop air-to-air missiles for the Indian Air Force (IAF). A statement by Reliance Defence said, "In one of the biggest joint ventures between an Indian company with any original equipment manufacturer (OEM), Reliance Defence Ltd, a 100 per cent subsidiary of Reliance Infrastructure Ltd and Rafael Advanced Defence Systems Ltd have decided to set up a joint venture company in India in the highly specialised areas of air-to-air missiles, air defence systems and large aerostats". As per the deal, Rafael will own 49 percent of the shares with Reliance Defence having 51 percent stake in the joint venture, according to the mandates of the current government guidelines.
It will help Reliance Defence enter the field of air defence systems and air-to-air missiles production and development in India. Reliance Defence forms a JV in specialized defence technologies with Israel’s Rafael. Reliance Defence and Rafael... | MyPRGenie. Israel's defence technology mogul Rafael Advanced Defence System and India’s Reliance Defence have set up a JV in India in highly specialized defence areas including air to air missiles which are likely to see projects worth USD 10 billion (over Rs 65,000 crore) in the next decade.
"In one of the biggest joint ventures between an Indian company with any original equipment manufacturer (OEM), Reliance Defence Ltd, a 100 per cent subsidiary of Reliance Infrastructure Ltd and Rafael Advanced Defence Systems Ltd have decided to set up a joint venture company in India in the highly specialised areas of air-to-air missiles, air defence systems and large aerostats," the company said in a statement. Reliance Defence, a part of Anil Ambani-led Reliance Group will have a 51 percent stake and Rafael 49 percent, as is the update limit according to government mandates. Reliance Defence recently received the industrial licenses from DIPP for manufacturing across different platforms. Reliance Defence to Form Joint Venture Worth $10 Billion with Israel’s Rafael Advanced Defence System. SSTL Shareholders Approve Merger with RCOM. Shareholders of telecom operator Sistema Shyam Teleservices (SSTL), which operates under the MTS brand, have given their approval for the merger of the company with Reliance Communications in a meeting convened by the Rajasthan High Court.
"SSTL shareholders have approved the merger scheme with RCom at the meeting today," a source privy to the development told PTI. An SSTL spokesperson confirmed the above and said the meeting in Jaipur was convened by the high court to seek approval of the SSTL shareholders to merge the company with Reliance Communications. "As per initial indications, members of the company have duly approved the merger process through voting by way of poll at the meeting and through e-voting. However, a formal declaration can only be made after all the ballot votes have been counted," the spokesperson said. Just recently, the RCom shareholders had also approved the merger scheme. Once that is done, RCom will approach the Department of Telecom to complete the paperwork. Anil Ambani to be a part of... | MyPRGenie. Reliance Group Chairman Anil Ambani and Union Defence Minister Manohar Parrikar will be among the top names at the Defexpo 2016 on 29th March.
As Reliance Defence is emerging as a prominent figure in the ‘Make in India’ campaign, Ambani has been invited to deliver the Special Address while on the second day of ‘Make in India for Defence Sector’ hosted by ASSOCHAM Global Investors Summit. Manohar Parrikar will be the Chief Guest. The four-hour summit will also include a crucial address by Ashok Kumar Gupta, Secretary (Defence Production) at Ministry of Defence, Pierre De Bausset, the President & Managing Director of Airbus Group, the statement from ASSOCHAM said. There would be a couple of panel sessions, one of which will be headed by G. Mohan Kumar, the Secretary at the Ministry of Defence, to discuss key issues on Defence Procurement Procedure (DPP) of 2016. Post the licenses, the company says it will eye domestic requirements as well as foreign market for combat vehicles.
Anil Ambani to deliver special address at Defexpo 2016. Reliance Defence gets big b... | MyPRGenie. Reliance Defence, a subsidiary of Anil Ambani-led Reliance Infrastructure Limited, took a major step forward in realizing ambitions when Department of Industrial Policy and Promotion (DIPP) granted it 12 industrial licenses for manufacturing several kinds of defence equipment. A statement by the company revealed that after the DIPP nod, domestic requirements as well as foreign market for combat vehicles would be catered to.
This allows Reliance Defence to work under the government’s ‘Make in India’ initiative and be a part of defence projects for the armed forces. Reliance Defence will aim to provide to Indian navy’s amphibious aircraft requirements now that they have the licenses to manufacture military aircraft and helicopters. Rs. 9,000 crore would be the rough figure used for it. Apart from that, light utility helicopters, priced in excess of Rs. 20,000 crore and 160-200 medium to heavy helicopters are also required at value Rs. 50, 000 crore. Reliance Entertainment, Phantom films join hands to remake French classic. Reliance Communications Gets Approval to Acquire SSTL. RCOM has received fair trade regulator Competition Commission of India’s approval to acquire Sistema Shyam Teleservices Ltd (SSTL).
SSTL is a Russian conglomerate unit of Sistema JFC, which operates across nine telecom circles under the brand MTS. In a BSE filing, RCOM said, “We wish to inform you that we have received observation letters from BSE and NSE. The company and SSTL are proceeding to file necessary applications with the Bombay High Court and Rajasthan High Court, respectively, for approval of the scheme”. The transaction is expected to close by the second quarter of this year. R Com President Mr Gurdeep Singh expressed his thoughts on the merger and said, “We are delighted to welcome Sistema Shyam TeleServices Ltd. as a valued shareholder and partner in Reliance Communications Ltd. The combination of our wireless businesses, through the demerger of SSTL wireless business into RCOM for stock consideration, will generate significant capex and opex synergies for mutual benefit.
French Drama‘La Famille Belier’ to Undergo IndianAdaptation by Phantom Films and Reliance Entertainment. Anil Ambani- led Reliance Entertainment and Phantom Films are coming together to co-produce the Indian adaptation of French drama, ‘La Famille Belie’s’ in multiple national languages. The hit film follows the journey of a girl, born into a family of speech impaired parents but has aspirations of becoming a singer. Eric Lartigau, the director of the film that was released in 2014, received critical acclaim in the critics’ circuit. The screenplay written by the talented Victoria Bedos, Stanislas Carre de Marlberg, Lartigau and Thomas Bidegain, will be transformed for the Indian audience by the man who introduced India to indie cinema, Anurag Kashyap.
The film is still in pre-production stages. Apart from Hindi, the film will also be developed into multiple regional languages by Vikas Bahl, who is sure that the story will resonate easily with the Indian audiences. According to Bahl, “'La Famille Belier', at heart, is a story about love and compassion for one's family. Reliance Defence gets big b... | MyPRGenie. Reliance Defence, a subsidiary of Anil Ambani-led Reliance Infrastructure Limited, received a major boost when the Department of Industrial Policy and Promotion (DIPP) granted it 12 industrial licenses for manufacturing a wide range of defence equipment.
Through a statement, the company revealed that after the DIPP nod, it will focus on domestic requirements as well as foreign market for combat vehicles. These licenses would allow the company to be involved in defence projects for the armed forces under the government’s ‘Make in India’ initiative. With licenses to manufacture military aircraft and helicopters, Reliance Defence will try to meet Indian navy’s amphibious aircraft requirements, set at Rs. 9,000 crore, as well as light utility helicopters, which are valued in excess of Rs. 20,000 crore. There’s also a requirement of 160-200 medium-to-heavy helicopters at Rs. 50,000 crore. Reliance Defence will also focus on the export market.
12 industrial licenses from DIPP give Reliance Defence a major boost. R COM gets CCI nod for SSTL Merger. Reliance Communications (RCOM) has received approval from the Competition Commission of India to acquire Sistema Shyam Teleservices (SSTL). SSTL, an Indian telecom branch of Russian company Sistema JFC, operates under the MTS brand across nine telecom circles in the country. While informing to BSE (Bombay Stock Exchange) Reliance Communications said “We wish to inform you that we have received observation letters from BSE and NSE. The company and SSTL are proceeding to file necessary applications with the Bombay High Court and Rajasthan High Court, respectively, for approval of the scheme”. The closing of transaction is expected in the second quarter of 2016.
R Com President & Chief Executive Officer Mr Gurdeep Singh, officially said “We are delighted to welcome Sistema Shyam TeleServices Ltd. as a valued shareholder and partner in Reliance Communications Ltd. As a result of the demerger, SSTL will hold about 10 per cent stake in RCom and also pay off its existing debt. Reliance Entertainment, Phantom films to co-produce ‘La Famille Belier’s Indian adaptation. RCOM-MTS Merger Moves One Step Further. Anil Ambani led Reliance Communications (RCOM) has revealed that it has received the nod from the stock exchanges to acquire Sistema Shyam Teleservices Ltd (SSTL) which operates under the MTS brand.
“We wish to inform you that we have received observation letters from BSE and NSE. The company and SSTL are proceeding to file necessary applications with the Bombay High Court and Rajasthan High Court, respectively, for approval of the scheme,” RCom said in a BSE filing. Post receiving the approval from the courts, RCOM will request a rearrangement of licenses from the department of telecommunications.
The acquisition deal was announced in November to trigger Sistema’s Indian business’ demerger. According to that once the deal goes through, the merger will have 118 million subscribers and SSTL will hold a 10% stake in RCOM along with paying off its existing debt before closing the deal. Dhirubhai Ambani to Get Padma Vibhushan, India’s Second Highest Civilian Honour. Reliance founder Dhirubhai Ambani awarded the Padma Vibhushan. The founder of Reliance Group, late Dhirubhai Ambani, has been chosen for Padma Vibhushan, the country’s second highest civilian award.
Dhirubhai, who rose to greatness on the back of his phenomenal ability to chase dreams laid the roadmap for one of the largest business empires globally, is the only awardee from the sector this year. His remarkable vision and outstanding business acumen is often heralded as one of the greatest in the global entrepreneur circuit. The brothers, Anil and Mukesh Ambani, hailed the government of India for awarding Padma Vibhushan to their father. "I personally, and the entire Reliance family, are truly overwhelmed and deeply humbled at the award of this great national honour, the Padma Vibhushan, for the greatest entrepreneur and wealth creator in the history of India, my beloved father, ShriDhirubhaiAmbani. Born in December, 1932, Dhirubhai set off with a small textile unit in partnership with Champaklal Damani, his second cousin. RCOM Liberalizes Its Airwaves for RJIL under A Spectrum Sharing Agreement. There has been no benchmark auction for the 800MHz band in Rajasthan, Karnataka, Kerala and Tamil Nadu and therefore the DoT did not raise a fee for the four circles.
This would be the first of more probable collaboration between RCOM and RJIL and both companies are willing to enter into a mutual Intra Circle Roaming (ICR) arrangement, as revealed through a joint statement. By getting access to an enhanced spectrum in the 800 MHz band, RJIL will be able to launch its blistering 4G- LTE services in the new circles. The spectrum arrangements between RJIL and RCOM, according to the two companies, will lead to network synergies, enhanced network capacity and help spectrum optimization leading to capex efficiencies. The deal will considerably benefit both the companies because a steep reduction would be seen in the operating costs and future investments, and RCOM can serve its customers the lightning speed of Jio’s nationwide 4G LTE network under the reciprocal sharing and ICR agreements. RCOM Set To Liberalize Its Airwaves for RJIL. Anil Ambani led Reliance Communications (RCOM) and Reliance Jio Infocomm Ltd.
(RJIL) have signed a spectrum trading and sharing agreement wherein RCOM will liberalise airwaves for the latter to roll out its 4G services, in a deal which will be immensely beneficial to both the companies. RCOM, under the agreement, will hand over its 800MHz band in 9 service areas to RJIL, while sharing the same in 17 other circles. Department of Telecommunications (DoT) has demanded Rs. 5,384 crore from RCOM to liberalize its airwaves in 16 circles, Rs. 4,500 of which would be paid by RJIL for the agreement. The remaining amount would be generated through RCOM’s sale of infrastructure and assets. There could be a chance that DoT raises the demanded fee for liberalisation, in which case, four more circles may be included in the sharing agreements.
There has been no benchmark auction for the 800MHz band in Rajasthan, Karnataka, Kerala and Tamil Nadu and hence the DoT did not raise a fee for the four circles. Reliance Entertainment, Rou... | MyPRGenie. Anil Ambani led Reliance Entertainment has made quite a name for itself on the international circuit and is now going to be a part of an Indo-French partnership with Julie Gayet’s Rouge International, and Elisa Soussan’s myFamily, to produce Serge Hazanavicius’ film, “nOmber One.” Local sensation Kev Adams will play the lead role.
Kev, who began his acting career at 7 through theatre, has become a much adored star in France after his highly successful films Les Profs 2 and Les Nouvelles Aventures d’Aladin. “nOmber One” narrates the story of a talented young man who is on a quest to be successful in a crazy world where commerce and mercantile deals have gone haywire. It is also explores the relationship of a father and son who follow the same passion but are torn apart by certain events, only to get back together by their love for snow, or just love itself. Stephane Dan is a mountain guide, climber, crystal hunter and a professional skier. Reliance Entertainment set to co-produce nOmber One, an Indo-French film. Reliance Entertainment set to co-produce nOmber One, an Indo-French film. Reliance Entertainment dreaming big with Bridge of Spies Oscar nominations.
Reliance Entertainment NEW DELHI, India - Jan. 19, 2016 - PRLog -- Nominations for Academy Awards are out and no news could’ve been happier for Anil Ambani-led Reliance Entertainment to see Bridge of Spies get nominated under 6 categories. Reliance Entertainment was a part of the production along with Steven Spielberg’s DreamWorks Pictures and Fox 2000 Pictures for the film which was also nominated for Best Picture. “Bridge of Spies”, a historical drama-thriller, featured Tom Hanks as a Brooklyn lawyer James Donovan, who is handed over an nearly impossible task by the CIA, to defend an arrested Soviet spy (also an American U-2 pilot) in court at the worse time of Cold War.
This year has turned out well for Indians at the Oscars, after failing to leave a mark ever since A R Rahman won a double for Slumdog Millionaire. “Bridge of Spies” is also leading the BAFTA (British Academy of Film and Television Arts) nominations with being in race for 9 categories, which is the same as “Carol.” RCOM And RJIL Sign Spectrum Sharing Pact. Reliance Entertainment hoping to make it big at the Oscars (with image) · rahul01. RCOM and RJIL Come Together On Spectrum Sharing.
Reliance Group to build nav... | MyPRGenie. RCOM-Aircel Merger: Probable Merger Will Shift Indian Telecom Sector’s Dynamics. RCOM-Aircel Merger: RCOM-MTS-Aircel Could Be Serving More Than 150 Million Customers. Reliance Group invests Rs. 500 crore to build naval unit in Andhra Pradesh (with image) · rahul01. WAZIR: A Promising Start to the Year 2016.
RCOM-Aircel-MTS Wireless Combo to Change Shape of Indian Telecom Sector. Reliance Entertainment to b... | MyPRGenie. RCOM-Aircel Merger: RCOM-MT... | MyPRGenie. Reliance Entertainment joins Spielberg’s latest venture Amblin Partners. Reliance Communications and Aircel in Talks for Wireless Business Merger. RCOM-Aircel Merger: RCOM-MT... | MyPRGenie. Reliance Entertainment to be a part of Spielberg’s latest venture Amblin Partners. Spielberg partners with Reliance Entertainment and others to form production company.
Reliance Infrastructure Gains Leading Control of Pipavav. RInfra Raises Stakes in Pip... | MyPRGenie. RInfra gains controlling stakes in Pipavav Defence. Tower Sale Will Stabilise R... | MyPRGenie. Sale of Tower Assets Will Bolster RCom (with images) · rahul01. Tower Sale to Boost Rcom’s Financial Profile, Says Moody’s. Anil Ambani looking forward... | MyPRGenie. Anil Ambani For a debt-free R-Infra by 2017. Anil Ambani Calls for R-Infra to be debt-free on a standalone basis by 2017. Anil Ambani Envisions Reliance Infrastructure debt-free by 2017. Solvency for R-Infra High on Anil Ambani’s Mind. Reliance Infra to be Debt-f... | MyPRGenie.
Will be debt-free on a standalone basis by 2017: Reliance Infra. Reliance Defence receives 1... | MyPRGenie. Reliance Group get DIPP’s clearance for defence manufacturing. DIPP grants 11 conditional licenses to Reliance Defence (with image) · rahul01. Indian Mutual Fund Scenario set to change after RCAM acquire GSAM India (with image) · rahul01.
GSAM India acquired by RCAM: Deal to change shape of Indian Mutual Fund Market. Reliance Group to invest Rs. 46, 000 Crore in Defence and IT in MP (with image) · rahul01. Defence, IT sectors in MP to boom after Reliance Group’s Rs. 46, 000 Crore investment. Anil Ambani’s Reliance Infrastructure to focus on defence. Sistema Shyam Teleservices. Reliance Communications acquires Sistema’s Indian Wireless Business. RCom- MTS merger To Bolster the Indian Telecom sector. IoT revolution to enter India through Reliance Communications. Anil Ambani’s Reliance Defence to be part of an industrial alliance. Reliance Communications set to help Internet of Things revolutionize India (with image) · rahul01. Anil Ambani, Reliance Defence Working Towards an Industry Regulator.
Reliance Defence, Anil Ambani Support Setting Up of Industry Regulator (with image) · rahul01. Reliance Defence To Partner In Setting up The Association of Defence Companies. Reliance Defence On Board the Association of Defence Companies in India (with image) · rahul01. Reliance Defence On Board the Association of Defence Companies in India. Reliance Defence Among Key Association of Defence Companies Members. Reliance Defence Partners Firms to Form ‘Association of Defence Companies’ in India (with image) · rahul01. Rcom, Jasper to Scale up Internet of Things in India.
RCom Joins Global Leader Jasper For Internet of Things Advancement in India (with image) · rahul01. Reliance Communications to Partner Jasper for IoT Expansion. RelianceCommunications, Jasper Partner for Internet of Things Scalability (with image) · rahul01. Reliance Group, 92.7 Big FM Partner UN’s Global Goals Campaign. UN-led Campaign to have Reliance Group as India’s First Official Partner. Reliance Group Is the First Indian Partner of the UN’s Global Campaign (with image) · rahul01.
RCom Partners Jasper For Advanced IoT in India. Rcom, Jasper Come Together As IoT Partners In India (with image) · rahul01. Reliance Group Partners the Global Goals Campaign. Reliance Group Becomes the First Indian Organization to Join the ‘Global Goals’ Movement. RCom, Jasper Come Together for Internet of Things. RCom Ties Up With Jasper for an Internet of Things Push (with image) · rahul01. RCom, Jasper Tie up for Int... | MyPRGenie.
Rcom Ties Up With Jasper for Next Gen IOT Services in India. Reliance Communications Partners Jasper For Next Level IoT in India (with image) · rahul01. RCom, Jasper Join Hands for... | MyPRGenie. RCom, Jasper Partner to Offer Unparalleled IoT Services in India. RCom, Jasper Partner to Offer Unparalleled IoT Services in India. Reliance Communications Ent... | MyPRGenie. Reliance Communications (RCom) Partners Jasper for a New IoT Benchmark (with image) · rahul01. Reliance Communications Cloud X Nodes Rolled Out in Five Cities. Rcom Launches ‘Cloud X’ Nodes in 5 Cities across India. RCom Sets Up Cloud Xchange Nodes in 5 Cities in India.