MTN Group is likely to issue 20 per cent fresh equity to Reliance Communications (RCom).

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance

With the intention to strengthen the world’s largest voice over internet protocol (VoIP) network across 50 countries, India’s Reliance Communications Ltd. (RCom) has announced that its Reliance Globalcom unit has signed up a strategic alliance deal with New York-based Stealth Communications.

However, the financial details of the deal were not disclosed yet.

Karvy Stock Broking Limited has maintained ‘Sell’ rating on Reliance

Anil Ambani’s Reliance Life Insurance, the fourth largest private insurer in the country has launched the first-of-its-kind Reliance Super InvestAssure Plan (RSIP) in the market.

Reliance Industries USA, a subsidiary of the Mukash Ambani-led Reliance Industries, plans to open its first North American plant in Kinston, N.C.