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09-29-2010, 06:52 AM #1
Anil Ambani outlines growth blueprintIn a slew of announcements one after another, Anil Ambani on Tuesday outlined investments of nearly Rs 1,25,000 crore (Rs 1,250 billion) and also fund-raising to the tune of over Rs 65,000 crore (Rs 650 billion) for expanding businesses and entering new areas.
Hopping from one AGM to another in a span of a few hours, Ambani told shareholders of Reliance Power, Reliance Capital and Reliance Communications that the investments were not just about creating wealth but sharing it with them.
"We enjoy the trust of over 1 crore shareowners across the Group - the largest such family anywhere in the world," he said invoking the philosophy of his father Late Dhirubhai Ambani that wealth should be shared....being a human...
09-29-2010, 07:12 AM #2With the Reserve Bank of India throwing open a discussion on granting new banking licences, the Anil Ambani Group on Tuesday said it plans to enter the banking business through group firm Reliance Capital.
"We have always regarded banking as a high-priority sector with huge potential opportunity, and are evaluating the different options contained in the (RBI's proposed) guidelines," Group chairman Anil Ambani said at the annual general meeting of Reliance Capital in Mumbai....being a human...