ambani

ITC Hotels looking to acquire new properties, is Oberoi on radar?

12 dec 2008

ITC Hotels looking to acquire new properties, is Oberoi on radar?
Indian hospitality sector already plagued with global recession and terror attacks, may have found some sort of activity going their way. The latest seems to be a comment by ITC that they are looking to buy new hotels and expand their business in such times of adversity.

Anil Ambani launches online shopping portal to sell financial products

23 nov 2008

Anil Ambani launches online shopping portal to sell financial products
To augment its existing distribution channels, ADAG has launched a new portal RelianceMoneyMall.Com to retail financial products under Reliance Money umbrella over the internet. Apart from the Mutual Funds, insurance, IPO, research reports and Gold coins, the portal also sell gifts, home appliances and consumer durables.

Vijay Mallya to build a 37 storey home in Bangalore

11 jul 2008

Vijay Mallya to build a 37 storey home in Bangalore
Following the plans of Mukesh Ambani’s Antilla, Vijay Mallya is planning to build one of his own in Bangalore on Vittal Mallya Road, adjacent to UB City. The Kingfisher giant is planning an over 30 storey building on a 4 acre property that would even have a helipad, according to TOI.

Reliance Capital to use cross-selling for increasing finserv biz

21 jun 2008

Reliance Capital to use cross-selling for increasing finserv biz
Following the model adopted by global conglomerate like GE, Anil Dhirubhai Ambani Group is using the database of its customers, shareholders and employees of ADAG companies to cross sell its financial products through Reliance Capital Services.

First blueprint of Bharti Walmart retail store

26 feb 2008

Details of Bharti Wal-Mart’s first retail store in India, as per report of TV Channel CNBC-Awaaz. First store to be opened in Ludhiana in April, 2008. Interestingly Ludhiana is the city where Sunil and Rajan Mittal were brought up.

Reliance Power – What to do with the share now?

14 feb 2008

Reliance Power – What to do with the share now?
All the earlier euphoria of Reliance Power being listed at Rs.900 has been completely laid to rest with the share now being quoted at 20% discount to its issue price. The problem is compounded by the fact that there are no valuations to back up the share price as the company is still a zero revenue company with the first power generation expected to commence only in 2010.

Soon, get a ride of India’s own ‘London Eye’

06 dec 2007

Soon, get a ride of India’s own ‘London Eye’
To further supplement its entertainment offering, Anil Ambani’s Reliance Entertainment has formed an equal JV with Great Wheel Corporation, the creators of world fame London Eye. GWC is currently also developing projects in Beijing, Singapore, Orlando, Berlin and Dubai.
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