Reliance Power led by Anil Ambani has entered into an agreement with Germany’s RWE Power International for technical assistance in extracting coal from its captive mines of the Tilaiya ultra-mega power project in Jharkhand.

RWE Power is the biggest coal miner in Germany and is among the biggest energy utility companies in the whole of Europe. RWE will assist the Indian company in designing and planning engineering aspects for its captive mine and will also help in acquiring equipment.

The cable unit of the Reliance Communications Ltd is aiming to raise about $1.5 billion through an initial public offering (IPO) in Singapore, according to reports.

Anil Ambani's Reliance plans to sell 75 percent of FLAG Telecom through the IPO and get a valuation of up to $2 billion within the first half of the year, according to a report citing persons close to the matter. FLAG Telecom will be listed as a business trust in the stock market in Singapore.

Anil Ambani at the Airtel Delhi Half Marathon 2011, in New Delhi on Sunday

Businessmen and brothers, Mukesh and Anil Ambani as well as their mother Kokilaben will get together for the first time in 15 years to celebrate Dhirubhai Ambani's 80th birth anniversary at their ancestral village of Chorwad.

Late Dhirubhai Ambani's wife, Kokilaben said that this shows that the brothers are still together. She was first to arrive at the village to manage the preparations for the event. Anil Ambani is expected to arrive on Tuesday morning while Mukesh will reach at noon on the day.

Anil Ambani-led Reliance Group has been named by the lawyer representing UK's financial sector regulator in a case involving two former UBS wealth management executives.

The lawyers allege that the UBS private banker allowed creation of an illegal offshore investment vehicle for the Indian group, believing that the powerful business group among its clients would allow it to bend rules.

Mumbai, Sep 27 - Reliance Capital could consider a bonus issue and make an entry into the banking sector even as it hopes to conclude soon a 26-percent stake sale in its life insurance arm to Japan's Nippon Life Insurance, chairman Anil Ambani said Tuesday.

"Banking is a new growth opportunity. We will evaluate opportunities to enter this high growth sector and are keeping track of all regulatory developments on this front," the group chairman told the annual general meeting of Reliance Capital here.

Mumbai, Sep 14 : Reliance Capital, part of the Anil Ambani-led Reliance Group, Wednesday said it had received approval from the insurance regulator to sell a 26 percent stake in its life insurance arm to Japan's Nippon Life Insurance.

Nippon Life Insurance will acquire the stake at an aggregate value of Rs. 3,062 crore ($680 million).

New Delhi, Sep 1 - Reliance Capital, part of the Anil Ambani-led Reliance Group, Thursday said it had signed an agreement with Japan's Nippon Life Insurance to pursue further partnerships to provide a host of financial services in India.

Nippon Life Insurance, has already agreed to acquire a 26 percent strategic stake in Reliance's life insurance arm at an aggregate value of Rs. 3,062 crore ($680 million) -- a transaction which is expected to conclude soon.

Fresh news are coming out every day about the billionaire Anil Ambani’s Reliance Infrastructure Ltd. (RELI), which is a wholly-owner of Reliance Power Transmission Ltd, as revealed by company’s website. But, according to some sources, RELI is planning to sell its stake in its power transmission business, road and subway projects.

Though no conformity regarding the issue has been given yet, it is being said that the Mumbai-based company’s board will be taking a final decision on the sale soon.

Bombay Stock Exchange is reported to have finally decided to remove mobile operator Reliance Communications and power utility Reliance Infrastructure, controlled by billionaire Anil Ambani, from the benchmark index.

Also, the companies were said to be the two worst Sensex performers, as Reliance Communications was down this year by 35% and Power Utility Reliance Infrastructure by 32%, with the main index dropping by 12%.

Anil Ambani had a meeting with Maharashtra Chief Minister Prithviraj Chavan. Details of meeting are not yet revealed, but it is said that issue of meeting was Maharashtra Government's plans of making a coastal road from Worli to Haji Ali and Haji Ali to Nariman Point.

The meeting took place just a day after Maharashtra State Road Development Corporation (MSRDC) had a meeting on possibility of building a coastal road from Worli to Haji Ali and then to Nariman Point.

CBI has been investigating with several telecom companies and their officials over the past several weeks, as a part of their ongoing investigation process.

CBI has also examined few officials of Anil Ambani’s Reliance ADA Group and admitting the examination, the officials said that they are co-operating with the authorities in the 2G spectrum investigation.

CBI is mostly concerned with the various matters relating to the years 2001 to 2008.

Now Reliance Communications has got involved in the 2G spectrum as well. It has joined other telecom rivals in slamming the 2G spectrum pricing proposals. These proposals are unsettled by the Telecom Regulatory Authority of India.

Recently, an investigation has been completed by Securities and Exchange Board of India (SEBI) and it has expelled business tycoon Anil Ambani and four top officers of his group from investing in the secondary market.

They have been disqualified to do any investment till the end of the 2011. The two Anil Dhirubhai Ambani Group (ADAG) companies, Reliance Infrastructure (R-Infra) and Reliance Natural Resources Ltd (RNRL) have been suspected for unfair market business by SEBI. They have been banned for investing in the secondary market till 2012. In addition to that, SEBI has charged a fine of Rs 50 crore from both the companies.

Reliance-Anil Dhirubhai Ambani Group has experienced a sharp price rise in ADAG shares which fizzled out the stock market yesterday. BSE shares ended on 0.3 percent.

Stock prices of Anil Ambani's farms were hovering between 3-7%. According to the experts, the same price hike in the shares was witnessed in the month of June when two brothers named Mukesh and Anil Ambani started a dispute over a contract.

Today Anil Ambani-led Reliance Infrastructure, was proposed to hike its power tariff in Mumbai, he said its tariff was higher contrasted to other distributors as it has to buy costly power from the market.

Today a statement was issued by the company, disputed against its move to raise tariffs by the Congress and the Shiv Sena, assumed that Tata Power was basis injustice to its consumers by reducing power allowance from 762 MW to 500 MW, most important to high tariff increase for its consumers.

While the debt looming on the head of Reliance Telecommunications has been one of the biggest concerns for the investors at Rcom, but the Chairman of the company, Anil Ambani has recently assured that it will be a debt-free company in a three years time at the sixth annual general meeting of the company.

It is to be mentioned here that junior Ambani was addressing the packed hall of shareholders of the company and said that with a combination of strategic and financial initiatives would result in a large cash infusion and significantly bring down debt levels in the next few quarters.

Anil Ambani’s Reliance Power has said that it has attained financial closure of around Rs 17,500 crore for its power project at Krishnapatnam, Andhra Pradesh.

It is a 4,000 MW coal-fired project which will be funded in 75 parts debt and 25 parts equity. This coal fired project is the biggest in South India, and is expected to provide power at a tariff of Rs 2.33 per unit to the states of Andhra Pradesh (1,600 MW), Maharashtra (800 MW), Tamil Nadu (800 MW) and Karnataka (800 MW).

The Reliance Anil Dhirubhai Ambani Group (ADAG) announced that the boards of two of its companies - one in the business of generating power and the other that trades and transports oil and gas - will assemble on July 4 to consider merger.

In identical regulatory filings with the stock exchanges, the two companies said, "A meeting of the board of directors of the company will be held on July 4 to consider merger of Reliance Natural Resources with Reliance Power."

The announcement was made after the closing bell at Indian stock markets.

The Ambani brothers, Mukesh and Anil-led Companies have inked a Gas Sharing Master Agreement (GSMA) within the specified six months by the Supreme Court that annulled their disputed previous private agreement, stating that natural resource was a national resource.

In separate filing in the stock exchanges, both RNRL and RIL had signed the Gas Sharing Master Agreement.