Reliance Capital to enter housing finance, banking, PE business

Reliance Communications launches country’s first prepaid blackberry services

Reliance Communications along with Research in Motion (RIM) has launched the country's first prepaid Blackberry services on both GSM and CDMA models.

Reliance Infrastructure Plans To Invest Rs 400 Billion In Jharkhand Unit

Anil Dhirubhai Ambani Group company  Reliance Infrastructure has revealed its plan to invest Rs 400 billion to set up a steel plant with a capacity of 12 million tonnes in the eastern state of Jharkhand.

While commenting on the plan, Mr. K.K. Khandelwal, industry secretary of the Jharkhand state government, stated, “We have received the proposal from Anil Ambani Group. It is still under process.”

Reliance Infrastructure, formerly known as Reliance Energy, participates in telecoms, financial services, power and infrastructure, engineering and construction businesses.

Reliance Cap To Invest Rs 2,000 Cr In Its Insurance Business In Next 3-5 Years

Anil Ambani owned Reliance Capital has made announcement that the company envisages to pump Rs 2,000 crore in its insurance business segment in the coming three to five years.

While addressing the Annual General Meeting of Reliance Capital, Mr Anil Ambani, the company's Chairman remarked that it would spend Rs 2,000 crore in its insurance business, taking the total investment to Rs 4,000 crore over the next 3-5 fiscals.

Private sector based Reliance Capital is one of leading financial service conglomerate of the country.

According to the sources, through the proposed investment, the company's employee base would also be bolstered to about one lakh from the present 30,000

RIM Enters In Deal With Microsoft To Provide Exclusive Services

RIMs Blackberry phones will now provide the users with Microsoft’s web search engine.  The service would be available to the users, later this year.

In order to increase its market share, Microsoft is trying to promote search engine, which is still lagging behind Google and Yahoo.

Today, RIM also announced a deal with Tivo, the Canadian makers of smart phone, which will offer a variety of mobile entrainment services.

Rel Big Buys Into Cricket Portal Of US

Reliance Big Entertainment has bought majority stakes in Willow TV. Reliance Big Entertainment is a media and entertainment branch of the Anil Dhirubhai Ambani Group (ADAG), while Willow TV is the largest portal provider for cricketing actions in the world. The financial details for the acquisition are not disclosed by the companies.
The president of Reliance Big, Rajesh Sawhney explained the company’s plans for future investment in cricket portal. He disclosed that the company would invest Rs 300 crore for the portal.

The company is also planning to widen the coverage of Willow TV from net to mobile and TV. The company is a known name in film distribution in US.