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Showing posts with label delhi. Show all posts
Showing posts with label delhi. Show all posts

Sunday, March 10, 2013

M. Ambani is back with Billion Dollar Telecom Project


Ambani is back with his $10-billion telecom foray to offer bundled voice and data services in the country.
Ambani is ready to roll out 4G services later this year, most likely on December 28, the birth anniversary of his father and Reliance founder, the late Dhirubhai Ambani.
The ambitious project is expected to roll out in three phases starting with Delhi & Mumbai later this year, followed by 69 cities by 2014 and over 800 cities by early 2015.
After exploring different possibilities , RIL has finally decided to set up over 1 lakh telecom towers on its own, moving away from its earlier asset-light strategy. The low-emission towers will look different from the existing ones in the country with entire equipment installed inside it.
The towers, which cost a little over Rs 1 lakh each, are expected to be manufactured by Himachal Futuristic Communications, in which Reliance Industries (RIL) holds a stake, while a part of it may be outsourced, said another source in the know. The company has sought permission from the Navi Mumbai Municipal Corporation to install towers in the satellite city.
Ambani had bought a 95% stake in Infotel Broadband Services for Rs 4,800 crore in June 2010. Within three years, the government allowed BWA holders to offer voice services by just paying an additional Rs1,680 crore.

Thursday, September 06, 2012

OMG!!! Please save GOLD for me...

I was shocked after reading the first page of my newspaper. Gold has reached the mark of 32k :(
 the precious metal gained Rs. 320 to Rs. 32,300 per 10 gram in the Delhi market and has gained Rsthe precious metal gained Rs. 320 to Rs 32,300 per 10 gram in the Delhi market and has gained Rs. 1,555 in the last fortnight in the wake of continued uncertainty in Europe. In Mumbai, gold climbed up by Rs. 220 to end at Rs 31,700 per 10 gram from Wednesday's closing level of Rs. 31,480. In the international market, the yellow metal hit a six-month high of $1,701 an ounce, and is now twice as precious as it was in 2008, when the global financial crisis hit the economy. 1,555 in the last fortnight in the wake of continued uncertainty in Europe. In Mumbai, gold climbed up by Rs. 220 to end at Rs 31,700 per 10 gram from Wednesday's closing level of Rs 31,480. In the international market, the yellow metal hit a six-month high of $1,701 an ounce, and is now twice as precious as it was in 2008, when the global financial crisis hit the economy.
Sorry brokers for keeping this expectation that gold will come down to 28K as per my budget but it's not :( 
Now there is very strong possibility that it will shoot to 35K as well by the arrival of Hindu celebration Dhanteras. With the Rupee loss investors are making safe bet to Gold.