RJio to launch 4G in 2015 entailing investment of Rs 70,000 crore

Reliance-Jio-InfocommMumbai: Reliance Jio Infocomm Ltd on Wednesday said it will commercially launch 4G services in 2015, entailing investments of Rs 70,000 crore.

"The year 2015 will see the phased launch of Reliance Jio across India... The fruits of the tremendous value created by this Rs 70,000 crore initiative would start to flow," Reliance Industries Ltd Chairman and Managing Director Mukesh Ambani said in his address to shareholders.

RIL promoted RJIL holds pan-India broadband wireless access (BWA) spectrum that can be used for 4G services. The company had acquired it through auction for Rs 12,847.77.

Reliance Retail will emerge as major growth engine: Ambani

Mukesh-AmbaniMumbai: Retail business will emerge as a major growth engine for the consumer segment of Reliance Industries while it will continue with its expansion in existing and new markets besides exploring new channels, company Chairman Mukesh Ambani said on Wednesday.

"In coming years, retail will emerge as a major growth engine for our consumer business and Reliance by creating significant societal value and providing even greater choice and value to consumers and small enterprises," Ambani said in his address to shareholders.

Kim Kardashian gifts customised board game to Kanye West

Kim-KardashianLos Angeles: Reality TV star Kim Kardashian gifted her new husband Kanye

7kg gold worth3.75 crore seized at Dhaka Airport

7kg gold worth3.75 crore seized at Dhaka AirportDhaka, Ju

ESA's Herschel detects molecule vital for creating water in dying Sun-like stars

ESA's Herschel detects molecule vital for creating water in dying Sun-like starsNew Delhi, June 18 - Astronomers, using ESA's Herschel space observatory, have discovered that a molecule vital for creating water exists in the burning embers of dying Sun-like stars.

When low- to middleweight stars like our Sun approach the end of their lives, they eventually become dense, white dwarf stars. In doing so, they cast off their outer layers of dust and gas into space, creating a kaleidoscope of intricate patterns known as planetary nebulas.

Gold price eases further; hovering above Rs 26,700-mark

GoldNew Delhi: Amidst a weak trend overseas, gold prices fell 0.50 percent to Rs 26,706 per 10 gram in futures trade on Wednesday as speculators indulged in trimming positions.

At the Multi Commodity Exchange, gold for delivery in August contracts eased by Rs 133, or 0.50 percent, to Rs 26,706 per 10 gram in business turnover of 339 lots.

Likewise, the metal for delivery in far-month October contracts shed Rs 124, or 0.46 percent, to Rs 26,767 per 10 gram in four lots.

Analysts said a weak trend in the overseas markets before the US Federal Reserve concludes a two-day policy meeting today put pressure on the gold prices at futures trade here.

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