Telecom subscriber base in India reached 1.19 bn at the end of Dec 2017 with Jio adding over 8 mn new customers alone during the month, Trai data showed.
RIL said it will acquire 65% stake in Indian Film Combine, which is building a drive-in theatre, hotel, retail mall and club on a 12-acre plot in Mumbai, for Rs 1,105 cr.
Reliance Communications Ltd said its shareholders approved its asset sale plan, under which the telecoms carrier would sell its wireless assets to Reliance Jio Infocomm.
Facebook will be available on Reliance JioPhone from tomorrow through app store available on the handset, a company statement said.
Competition Commission has approved the joint venture between Reliance Aerostructure and Thales India, according to sources.
Reliance Communications Ltd will hold a meeting of its bondholders on March 6 to seek approvals for asset-sale plans, the company said in a regulatory filing late on Mon.
Reliance JioPhone scaled a new high in the Q4 on 2017, emerging as the market leader in the feature phone segment with 27 pc share, followed by Samsung at 14 pc share.
Reliance Power announced that it has achieved full fuel security for its 2 x 300 MW Butibori TPP in Maharashtra following directions given by the Delhi HC.
Reliance Power said state- run Coal India has been directed by the Delhi High Court to immediately commence coal supplies to the Unit-I of Butibori power project.
RInfra said CCI has approved sale of its integrated Mumbai power business to Adani Transmission in a Rs 18,800 cr deal.
To Issue Rs 8800 Cr worth equity shares on preferential basis to GoI
SBI puts Rs 1935 Cr worth loans up for sale to 24 entities
Seeks bids on cash basis or a mix of cash and security receipts
Approves Issue Price At Rs 300.82/Share For Preferential Issue To Govt
Financial Express Reports
POWER GRID CORP
Emerges as lowest bidder for Rs 1000 cr project
To set up Vindhychaal-Varanasi 765 KV transmission line
Financial Express Reports
Arm To Buy 65% Stake In Indian Film Combine Pvt For Rs 1,105 Cr
Arm To Also Buy 20% Of Indian Film Combine From Xander Group Arm, 45% from Co's Promoter Group
Announces successful regulatory inspection from USFDA for API Facility for Hyderabad Facility
AVIATION IN FOCUS
Jan Domestic Air Passenger Traffic At 1.15 Cr, Up 19.7% YoY
Air India Jan Passenger Load Factor At 84.6% vs 81.8% MoM
Jet Airways Jan Passenger Load Factor At 88.7% vs 88.5% MoM
IndiGo Jan Passenger Load Factor At 89.7% vs 90.8% MoM
SpiceJet Jan Passenger Load Factor At 95.0% vs 95.6% MoM
Air India Jan Market Share At 13.3% vs 13.1% MoM
Jet Airways Jan Market Share At 14.3% vs 14.6% MoM
IndiGo Jan Market Share At 39.7% vs 39.4% MoM
SpiceJet Jan Market Share At 12.6% vs 12.7% MoM