Page-4 of Reliance Current Affairs, GK & News

Reliance Communications and Aircel to be merged

September 15, 2016

Anil Ambani led Reliance Communications (RCom) has signed a deal with Maxis Communications Berhad (MCB) for merger of wireless businesses of Aircel Limited with itself. The merger is considered as the largest-ever consolidation in the Indian telecom sector. The merged entity will be country’s fourth-largest phone company in terms of customers and revenue. Key Facts ..

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RDL inks MoU with AP Government to set up naval facility at Visakhapatnam

January 13, 2016

Reliance Defence Ltd (RDL) has inked Memorandum of Understanding (MoU) with Andhra Pradesh Government to set up a world class naval facility in the state. It was announced by Andhra Pradesh Chief Minister N. Chandrababu Naidu during the CII Partnership Summit titled ‘Sunrise Andhra Pradesh Investment Meet’ in Visakhapatnam. The proposed naval facility will be ..

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Reliance capital gets CCI nod to acquire Goldman Sach's fund arm

January 6, 2016

Reliance Capital Asset Management (RCAM) has received nod from Competition Commission of India (CCI) to acquire Goldman Sachs’s mutual funds and exchange-traded funds business in India. This approval comes after the boards of both the companies had approved the acquisition transaction. Now RCAM needs to get final nod of the Securities and Exchange Board of ..

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RCAM to takeover Goldman Sachs' mutual fund business in India

October 22, 2015

Reliance Capital Asset Management (RCAM) has announced to takeover global giant Goldman Sachs’ mutual fund business in India. It is first ever acquisition RCAM and will be acquired for 243 crore rupees in an all-cash deal. Under this deal, RCAM will acquire all 12 onshore mutual fund schemes of Goldman Sachs Asset Management (GSAM) India ..

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Reliance Defence inks strategic partnership MoU with Emirates Defence Industries Co.

September 28, 2015

Reliance Defence has signed a strategic Memorandum of Understanding (MOU) with Emirates Defence Industries Company (EDIC) in defence sector. The MoU seeks to boost partnership between both countries for manufacturing, knowledge transfer, services and technology development from the United Arab Emirates (UAE). Both companies will partner to jointly explore the opportunity for manufacturing and building ..

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