Thu May 27, 2010 8:08am IST Reuters - Billionaire Ambani brothers took a step towards reconciliation in their long-running feud on Sunday, ending non-compete agreements in a move they hoped would remove a source of friction between the two groups.
The brothers will now be free to compete on each other's turf, with the exception of gas-fired power plants. MUKESH AMBANI: RELIANCE INDUSTRIES (ril.com) * Market value: $71 billion * Activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail and special economic zones. RELIANCE INDUSTRIAL INFRASTRUCTURE (riil.in) * Market value: $252 million * Mainly into the business of setting up / operating industrial infrastructure. Also engaged in related activities involving leasing and providing services connected with computer software and data processing. ANIL AMBANI: RELIANCE COMMUNICATIONS (www.rcom.co.in) * Market value $6.5 billion * India's No. 2 telecoms firm by subscribers. Provides both wireless and wireline telecoms services, owns and operates 190,000 kilometers of fibre optic cable system spanning across India, USA, Europe, Middle East and the Asia Pacific region. RELIANCE POWER (www.reliancepower.co.in) * Market value: $7.6 billion * Developing 16 large and medium sized power projects with a combined planned installed capacity of 33,780 MW RELIANCE INFRASTRUCTURE (www.rinfra.com) * Market value: $5.5 billion * Generates, transmits, and distributes electricity and builds power plants. Also builds roads, urban infrastructure, business districts, trade towers, convention centres and special economic zones RELIANCE CAPITAL (www.reliancecapital.co.in) * Market value: $3.5 billion * Activities include asset management and mutual fund; life and general insurance; consumer finance and industrial finance; stock broking; depository services; private equity and proprietary investments; exchanges, asset reconstruction; distribution of financial products and other activities in financial services. RELIANCE NATURAL RESOURCES (www.rnrl.in) * Market value: $1.9 billion * Sourcing, supply and transportation of gas, coal and liquid fuels. Has been awarded four coal bed methane (CBM) blocks, with an acreage of about 3,251 sq. kms. Has also been awarded an oil and gas block with acreage of about 3,619 sq. kms. RELIANCE MEDIAWORKS (www.reliancemediaworks.com) * Market value: $170 million * A film and entertainment services company, operates the BIG Cinemas chain with 500 screens across India, the United States, Malaysia and the Netherlands. Into film Services such as motion picture processing, visual effects, film restoration and image enhancement, digital mastering, studios and equipment rentals with facilities located in the U.S. and India. Also into television programming. RELIANCE MEDIA WORLD (www.big927fm.com) * Market value: $48 million * operates 45 FM radio stations. Also into out of home and digital media and marketing. (Source: Companies, Thomson Reuters data) (Compiled by Devidutta Tripathy in NEW DELHI; Editing by Anshuman Daga) (For more business news on Reuters Money visit www.reutersmoney.in) -- Thanks & Regards, Abhishek Kothari -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
