Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features ~ Ugadi & Gudi Padwa
Home / Features / Companies
Reliance Communications
Top News

JAC puts TDP out of misery

Ugadi and Gudi Padva being celebrated in South India to mark New Year

Most Aussie women dont marry one-night stand partners

Illegal sex case will soon be over: Polanskis wife

IndiaMART.com supports largest citizen-driven initiative to clean Yamuna

Mike Tyson to front TV show about his love of birds!

Configuration makes household communication networks more versatile

Key predictor of mortality in heart disease patients identified

Features on Companies - Reliance Communications

About Reliance Communications

Reliance Communications is a leading Indian telecommunications company.

Telsima is a technology provider for RCOM in the WiMAX rollout.

Products & services

In October 09, Reliance Data Center, a part of Reliance Communications, announced the launch of Reliance Cloud Computing Services - hosted infrastructure service for its customers, based on the Microsoft platform.

Financials

Financial Results for year ended March 31, 2009

RCOM announced the financial results year ended March 31, 2009. Net Profit up by 9.4% to Rs. 5,908 crore (US$ 1,165 million); Revenues higher by 20.3% at Rs. 22,941 crore (US$ 4,523 Million); EBITDA higher by 13.3% at Rs. 9,288 crore (US$ 1,831 million); EBITDA margin stable at 40.5%, among the highest in India; Only company to have nationwide GSM & CDMA services in india; Second largest mobile operator in india with 73 million subscribers

Stock price

Timeline

Allegations of understating accounts

A special audit done by a Jaipur-based firm shows RCom has inflated revenues and has under-paid license and spectrum fee by Rs 316 crore in FY07-08. A leading business media outlet which got a copy of executive summary report says that RCom has under-reported Rs 808 crore in FY07 and Rs 1,991 crore in FY08 that led to low license and spectrum fee to the Department of Telecom (DoT). The DoT audit claims a gap of Rs. 2900 crores in the company's actual and stated revenue. If the allegations are found to be correct, there will be a punishment of imprisionment for upto 10 years. On October 14, 2009, the SEBI said it will look into the misrepresentation of revenue by RCom.

Advertisements

Hrithik Roshan appears in RCOM ads (Piper ads released in October 09).

Reliance Mobile is the sponsoror for the 2010 ICC Test Championship.

Reliance Communications in news

Pak cell phone service affected by Indian bandwidth interference
The Pakistan Telecommunication Authority has reportedly complained that bandwidth interference from Indian territories is affecting the service of some cellular companies here. ANI

Maoists blew up communication system in Bihar
The banned Maoist activists blew up three mobile phone towers, destroyed railway tracks and forced shops to close during a day-long strike in Bihar on Monday. ANI

Nifty touches 52 weeks high, telecom, ifra sectors gain
The Nifty of the National Stock Exchange (NSE) touched a 52-week high of 4743.75 on Monday following early trends of good purchasing in all Asian markets. ANI

Sensex surges 292 points to reach one-year high of 15963.36 points
The Bombay Stock Exchange (BSE) benchmark index Sensex on Monday surged by 292.62 points to reach a one-year high of 15963.36. ANI

Kalyan Roy Joins Greenplum as Regional Director for India
Business Wire India

SYSTIME announces appointment of Aloke Ghosh as chief financial officer
SYSTIME , a CMS Group Company and the largest Oracle JD Edwards practice globally, has recently announced the appointment of Aloke Ghosh as Chief Financial Officer (CFO). ANI

Second ICC Broadcaster and Sponsor Forum ends in Dubai
The second annual two-day ICC Broadcaster and Sponsor Forum was held in Dubai this week. ANI

Greenplum Appoints Keith Budge as General Manager Asia Pacific and Japan
Business Wire India

CII expresses shock over Ramalinga Rajus resignation
The Confederation of Indian Industry (CII) today expressed its shock and disappointment at the disclosures made by B. Ramalinga Raju on the financial position and financial statements of Satyam Computer Services. ANI

Satyam chairman Ramalinga Raju resigns, admits financial wrong-doing
The Chairman of Satyam Computers, B Ramalinga Raju, today resigned after admitting to major financial wrong-doings. ANI

Taylor, Jhulan and Sthalekar on top of the world
Claire Taylor of England, India captain Jhulan Goswami and Australias Lisa Sthalekar are on top of the world in the Reliance Mobile ICC ODI Womens Rankings which were launched in Mumbai on Thursday. ANI

Reliance Mobile ICC ODI Womens Rankings launch in Mumbai on Thursday
The launch of the Reliance Mobile ICC ODI Womens Rankings will be held in the CK Naydu Room at the Cricket Club of India in Mumbai at 12 p.m.on on October 16. ANI

Sensex hovers around 12,000, lowest in two years
Sensex plunged to below 12,000, its lowest in the last two years today. ANI

Sensex dips below 13k level, sheds 117 points in early trade
The Bombay Stock Exchange benchmark Sensex plunged below the 13k level and is now down 177 points at 12,925 in early trade this morning. ANI

Keegan wanted Becks for Newcastle before he quit
Coach Kevin Keegan wanted the Newcastle Football club to fork out 200 million pounds for recruiting superstars David Beckham, Thierry Henry and Frank Lampard before he spectacularly quit on Thursday. ANI

RComm-MTN tie-up under threat after RIL starts arbitration proceedings
Reliance Communications proposed tie-up with South Africas telecom giant MTN could be derailed after corporate war between Ambani brothers intensified and arbitration proceedings were started against Anil Ambanis group. ANI

S. Africas MTN could quit telecom deal talks with Reliance following brothers spat
South Africas MTN is considering walking away from a telecom tie-up with Indias Reliance Communications over fears that Anil Ambanis ongoing acrimonious spat with elder brother Mukesh Ambani, could leave the deal open to legal action. ANI

Anil Ambani sets sight on more than 40 percent stake in MTN
Reliance Communications, the flagship company of the Anil Dhirubhai Ambani Group (ADAG), is keen to acquire more than 40 percent of South African telecom company MTN. ANI

FoxMandal Little advises Alcatel-Lucent
FoxMandal Little (FML) is the legal advisor to Alcatel-Lucent, the US-French telecom equipment supplier for their joint venture with Reliance Communications, to provide network services to telecommunications operators, both CDMA and GSM. ANI

Sensex feels inflation heat, nosedives 489 points
Opening with a positive gap of 63 points, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange on Friday shed 489 points before closing at 15,343. ANI

Bulls back at work, sensex soars by 928 points
Opening with a positive gap of 324 points at 15, 613, the 30-share sensitive index (sensex) of the Bombay Stock Exchange (BSE) today took gained 938 points before closing at 16,217 points. ANI

Sensex crashes by 951 points, closes below 15000
Taking a cue from the overseas markets, the 30-share sensitive index (sensex) of the Bombay Stock Exchange (BSE) on Monday opened with a huge negative gap of 433 points at 15,327 and shed 951 points before closing at 14,809. ANI

Sensex plunges by 567 points(Lead:Sensex)
The 30-share sensitive index (sensex) of the Bombay Stock Exchange today opened with a huge negative gap of 330 points at 16,212 and shed 567 points before closing at 15,975.52. ANI

Sensex dips by over 500 points
The Sensex shed 3.5 per cent or 578 points in early morning trading on Friday and when reports last came in, it was pegged at 15,964 due to extremely weak global cues. ANI

Sensex plunges by over 900 points
The 30-share sensitive index (sensex) of the Bombay Stock Exchange (BSE) on Monday opened with a negative gap of 351 points at 17,228 and shed over 900 points before closing at 16,677 points. ANI

Stoke Expands into India
Business Wire India

U.S. convergence giant Stoke sets up base in India
Stoke, Inc., a leading developer of multi-access convergence gateways for network operators, has announced the opening of its subsidiary Stoke Networks Private Limited, and the appointment of Ashim Roy as India Country Head. ANI

Sensex plunges by 458 points
The 30-share sensitive index (sensex) of the Bombay Stock Exchange (BSE) on Wednesday opened with a negative gap of 85 points at 17,991 and shed 458 points to close at 17, 617. ANI

Reliance Power to decide on bonus shares on Feb 24 (lead:Reliance power)
The Board of Directors of the Reliance Power Limited is scheduled to meet on February 24 to consider issuing bonus shares to all equity holders other than the founders, hoping to cheer retail investors after the firms shares tumbled following a record 3 billion dollars Initial Public Offering (IPO). ANI

Reliance Power plans bonus share issue
Reliance Power Limited has plans to issue bonus shares to all equity holders other than the founders, hoping to cheer retail investors after the firms shares tumbled following a record 3 billion dollars Initial Public Offering (IPO). ANI

Reliance Power effect: Sensex sheds 863 points
The day on which Anil Dhirubhai Ambani Groups Reliance Power was listed, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange opened with a negative gap of 38 points and closed at 16, 631 after losing 863 points. ANI

Sensex up by 864 points
Taking a cue from 75 basis point rate cut by the US Federal Reserve, the 30-share sensitive index (Sensex) today opened with a positive gap of 685 points at 17,415 and closed at 17,594.07, around 860 points more than its pervious mark of 16, 650 points. ANI

SMS joke offends Sikhs, demand apology from Anil Ambani
People belonging to the Sikh community in Meerut staged violent protests on Monday after taking serious offence to a joke circulated on a mobile network, and has demanded apology from the chief of the Reliance Communications, Anil Ambani. ANI

This page represent a snapshot of events / happenings related on select news topics. The links on this page might not completely depict the series of events related to the event and in some cases information on the page might not be comprehensive.

Suggested pages for your additional reading





© 2000-2010 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us