Anil ambani’s dream ends, talks with MTN called off

Anil Ambani’s Reliance Communications (Rcom) and South African telecom giant MTN on Friday announced they were calling off talks aimed at creating a $66 billion telecom group. “The two sides were unable to conclude the transaction due to certain regulatory issues,” said a RCOM spokesperson in a statement. MTN and Reliance Communications started exclusive talks [...]

Mukesh Ambani may foot international faculty salaries at IIM-B

Chairman and managing director of Reliance Industries , Mukesh Ambani is understood to have expressed interest in footing the salary bills of international faculty at the Indian Institute of Management, Bangalore. A source said Ambani, who is on the governing board of the premier IIM, had emphasised that the institute should recruit international faculty to [...]