Reliance Big Entertainment, DreamWorks close to finalizing $1.5 billion joint film venture Legendary Hollywood director Steven Spielberg and the founders of the DreamWorks SKG film studio are in the process of finalizing talks with Indian billionaire Anil Ambani's Reliance Big Entertainment about terms of a $1.5 billion proposal that would allow the DreamWorks principal and his partners to end their association with Paramount Pictures and produce more than 30 films over the next five years at a new independent studio. 14 Jul 2008
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Reliance Big Entertainment signs deals valued at $1 billion to develop, co-finance Hollywood movies Anil Dhirubhai Ambani (ADA) Group's entertainment arm, Reliance Big Entertainment has made its Hollywood foray by signing strategic deals valued at $1 billion with eight Hollywood production houses which will see it develop and co-finance some of the film projects as well as secure the Indian distribution rights. 19 May 2008
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Reliance Big Entertainment signs deals with noted Bollywood film directors to churn out 69 films in 2 years Reliance Big Entertainment, the entertainment arm of the Anil Dhirubhai Ambani (ADA) Group, plans to become the forerunner in the Indian entertainment industry and has announced that it will invest $1 billion to produce, co-produce or distribute 69 films in English, Hindi and other regional Indian languages over the next two years. 19 May 2008
Azim Premji, Kiran Mazumdar-Shaw feature in Forbes '48 Asian Altruists' list India's leading IT service provider Wipro's chairman Azim Premji and biotechnology major Biocon's chairperson Kiran Mazumdar-Shaw are among the forty-eight Asians to feature in Forbes magazine's list of Asia's top philanthropists. 10 Apr 2008
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Reliance Communications to invest $500 million in Uganda Reliance Communications, an Anil Ambani group company, has acquired Uganda-based Anupam Global Soft, a company holding public infrastructure provider license (PIPL) and public service provider license (PSPL) issued by Uganda Communications Commission, and is targeting to invest around $500 million (Rs. 2,000 crore) in the region. 10 Mar 2008
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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
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Thousands gather in Manila for anti-Arroyo protest Thousands of people streamed into Manila's financial district on Friday calling for the resignation of Philippine President Gloria Macapagal Arroyo in a colourful outpouring of placards, prayers and chants. 29 Feb 2008
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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
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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