Reliance Comm Ventures reports Rs 310 crores profit

Giving a facelift to his telecom venture ahead of its March listing, Reliance Communication Ventures Ltd has kicked off a series of measures, writing off crores of rupees worth bad debts and announcing a whopping Rs 310 crore as net profit for the quarter ending December 2005. RCVL is the holding company of Anil Dhirubhai [...]

Reliance Info writes off Rs 4500 crores

Reliance Infocomm has decided to write-off Rs 4,500 crore for liabilities relating to “regulatory and taxation matters, bad debts and irrecoverable amounts, obsolete and slow moving inventories and impairment of assets.” The Boards of Directors of Reliance Infocomm and Reliance Communications Infrastructure Ltd, the two major operating companies under Reliance Communications Ventures Ltd, approved the [...]

Reliance Infocomm news

ET has a speculative story on Reliance Infocomm’s plans to foray into retailing of consumer electronic products under its own brand name. I can understand Reliance Infocomm vertically integrating and launching mobile phones under their own brand; but consumer electronics sounds incredible! But then, nobody could have foreseen Reliance Petrochemicals when Reliance was a textile [...]

Times Now on Mobile

Times Now, a 24-hour news channel from Times Group & Reuters Service, will put video news on Reliance Infocomm’s R World. Subscribers will be required to pay 3 rupees per day to access Times Now content, or they may opt for a 25 rupees per-month subscription. Video clips will be downloadable at 7-10 rupees per [...]

One Nation, One Tariff

Reliance Infocomm has pre-empted Communications Minister Dayanidhi Maran’s “OneIndia

Rebranding Reliance Infocomm

Business Standard reports that Reliance Infocomm’s branding push is to position itself as a contemporary brand that has the ability to connect with the mass. It is today perceived as a value-for-money brand. “We are in the process of rebranding ourselves into a brand that has a lot more emotional connect and imagery. The whole [...]

Reliance one-up on Tata

Reliance Infocomm is to launch a new prepaid scheme on November 16 which will allow prepaid customers to benefit from “three year free incoming facility.

Pre-IPO moves by Reliance

Two stories on the moves Reliance Infocomm is making in prepartion for its IPO next year. The company posted a net profit of Rs 51 crore on a turnover of Rs 5,387 crore in

China Mobile offers to buy Reliance Telecom

World’s largest mobile phone company by subscriber base, China Mobile has offered to buy ADAE group company Reliance Telecom. It becomes the second company after Russia’s AFK Sistema to evince interest in GSM-based Reliance Telecom (not to be confused with Reliance Infocomm). RTL’s advantage is that it is completely debt-free and most of its subscribers [...]

Infocomm to place 1 mn handsets order

Reliance Infocomm is planning to place an order for 1 million mobile handsets in the next two months, needed largely for its expansion in smaller cities and rural areas. It would be one of the largest orders by any telecom service provider in India, for which the company has initiated talks with global handset manufacturers [...]

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