News

Reliance Comm dials banks for Hutch deal
Reliance Communications (RCL) is believed to have initiated moves to strike exclusivity agreements with leading foreign banks as part of its efforts to buy 100% of Hutch-Essar, India’s thirdlargest GSM operator, people close to the development told ET.
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RIL may tie up with Gazprom for Russia
Private sector energy major Reliance Industries (RIL) is considering expanding its oil business to the land of the Volga and Vodka. It is talking to Russian government officials to enter the country’s downstream oil sector by investing in the refinery and petrochemical industry.
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Zee to grow five times at Rs 11,000 cr in 4 years
Media and entertainment giant Zee group would grow over five times to Rs 11,000 crore in four years ending March 2011 as a result of restructuring of the flagship company Zee Telefilms, Chairman Subhash Chandra said on Sunday.
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IVRCL Infra raises Rs 555cr for expansion
IVRCL Infrastructures & Projects has raised about Rs 555 crore via a private placement to qualified institutional buyers (QIB), by offering 150 lakh new equity shares at Rs 370 per share.