Reliance Energy announces $500 million share buy-back plan Anil Dhirubhai Ambani Group (ADAG) company Reliance Energy Limited (REL) announced, Wednesday, its board has approved buyback of shares worth upto Rs.2,000 crore ($500 million) in a bid to ward off volatility and speculative activity in its share price and improve the company's valuation. 08 Mar 2008
12.
Reliance Power slumps on debut; IPO appetite dulled Shares in India's Reliance Power sank as much as 21 percent in a chaotic debut on Monday as valuation concerns and global market turmoil dented investor demand following its $3 billion IPO, the country's largest. 11 Feb 2008
13.
Reliance Power says no pre-IPO placement Indian utility Reliance Power Ltd, which aims to raise up to $3 billion in the country's biggest initial public offer, will not make a private placement before the IPO this month, Chairman Anil Ambani said. 04 Jan 2008
14.
Reliance sets aside $27 billion for acquisitions, gas explorations Reliance Industries (RIL), India's most valuable firm in terms of market capitalisation and owner of world's third largest refinery, will be setting aside up to $15 billion for making "world-scale" acquisitions in the energy sector besides investing more than $12 billion for development of gas exploration off the country's east coast. 12 Dec 2007
15.
Starwood Hotels, Anil Ambani Group in JV talks to launch St. Regis brand The Anil Dhirubhai Ambani Group is reportedly in talks with New York-based Starwood Hotels & Resorts Worldwide Inc., to launch its upscale luxury hotel brand St. Regis through a special purpose vehicle (SPV), the Economic Times has reported. 21 Nov 2007
16.
Steel king Lakshmi Mittal beats Ambani brothers to retain richest Indian crown Steel tycoon Lakshmi N. Mittal, owner of the world’s largest steel group, ArcelorMittal, has topped the Indian rich list for the fourth year in a row, beating the Reliance brothers - Mukesh and Anil Ambani - with a wealth of $51 billion, popular business and lifestyle magazine Forbes said. 17 Nov 2007
17.
Reliance Comm., Microsoft in $500 million Internet TV pact Reliance Communications has tied up with Microsoft for technological collaboration for internet protocol television and software development for mobile phones, newspapers reported. 05 Nov 2007
18.
Billionaire Ambani gifts wife $60 million jet on birthday India's richest man, Mukesh Ambani, has bought his wife a luxury jet with entertainment cabins, a sky bar and fancy showers for her birthday, a newspaper reported on Friday. 03 Nov 2007
19.
Reliance Power's IPO on track: Anil Dhirubhai Ambani Group Reliance Power has not changed its plans to list its shares, the Anil Dhirubhai Ambani Group that controls the firm said, reacting to market speculation the initial public offer may be postponed. 23 Oct 2007
20.
Reliance Comm gets govt nod for GSM services Reliance Communications Ltd said on Friday it had approval to launch nationwide GSM services, the country's dominant mobile platform, sending its shares up by more than 5 percent before a falling market weighed. 20 Oct 2007