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Oil and Gas Mukesh Ambani

  • MUMBAI, Feb 21- Reliance Industries' Jio telecoms unit will charge for its services from April, ending an almost seven month spree of free calls and data that shook up India's telecoms sector and helped the new arrival rack up more than 100 million users. The shift to paid services, even at a sharp discount to established players, will test the appeal of Jio and the...

  • *Deal would reduce intense competition in India- analysts. LONDON/ MUMBAI, Jan 30- Britain's Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to contest a brutal new price war. Last year the market was thrown into fresh turmoil with...

  • LONDON/ MUMBAI, Jan 30- Britain's Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to contest a brutal new price war. Last year the market was thrown into turmoil again with the arrival of new competition from Reliance Jio Infocomm,...

  • MUMBAI, Jan 24- Bharti Airtel, India's largest telecoms network operator, reported its lowest profit in four years as competition from a new rival hit revenues that were also affected by a cash crunch, after the federal government scrapped high-value banknotes. A brutal price war has ensued in India's mobile phone market since the entry late last year of...

  • GANDHINAGAR, Jan 10- Indian Prime Minister Narendra Modi told a gathering of business leaders on Tuesday that the country was on the verge of becoming the world's most digitized economy, and avoided direct mention of the economic hit from demonetisation. Speaking at India's biggest investor summit, organized in his home state of Gujarat, the 65- year-old said...

  • Samsung, the single most popular smartphone brand in India, commanded a roughly 30 percent market share just over a year ago. "In a country like India, there are two religions- one is Bollywood and the second is cricket," said Arvind R Vohra, Gionee's India head, noting that both avenues have helped popularize its brand. Chinese brand executives said innovative...

  • MUMBAI, Jan 3- Bharti Airtel Ltd, India's top wireless carrier, said on Tuesday it would offer free data to woo new and existing 4 G customers, intensifying a price war in the sector and sending share prices tumbling. The package is Bharti's latest response to the entry last year of new operator Reliance Jio, backed by billionaire Mukesh Ambani, which shook India's...

  • LONDON, Nov 15- Mobile telecoms group Vodafone reported a first-half net loss of 5 billion euros on Tuesday after writing down the value of its Indian business by the same amount due to the start of a price war sparked by a powerful new rival. Chief Executive Vittorio Colao said an improvement in its European markets was "modestly ahead" of expectations, led by...

  • LONDON, Nov 15- British mobile phone group Vodafone reported a better-than-expected 4.3 percent rise in core earnings in the first half of the year, helped by improving trading in big European markets like Germany and Italy. The world's second biggest mobile operator reported earnings before interest, tax, depreciation and amortization of 7.9 billion euros,...

  • India's Reliance Industries plans to invest about $13 billion in energy projects, including a 400,000 barrels per day crude refinery.

  • Does India Have Too Many Billionaires?

    New data reveal a staggering increase in billionaires’ wealth as a percentage of national income in India to a whopping 22 percent in 2008.

  • NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

  • NEW DELHI/ MUMBAI, Oct 29- India's new oil minister has promised to speed decision making in an effort to attract foreign investment, and will push domestic oil companies to aggressively bid for foreign oil and gas assets to meet growing energy demand.

  • MUMBAI, India-- India's Reliance Industries on Monday reported a 5.7 percent slide in September quarter profits from a year ago, as the company scales back investment in India's largest oil and gas fields.

  • Gautam Singhania, Chairman and Managing Director (CMD) of Raymond Ltd sitting in his Challenger 604 Aeroplane in Mumbai, Maharashtra, India (Bhaskar Paul | The India Today Group | Getty Images)

    A record harvest of wealth in India - more than 50 billionaires in the Forbes 2011 World Rich list and hundreds of multi-millionaires - is fueling an insatiable appetite for luxury goods from villas and fast cars to the ultimate symbol of status and power - a private jet.