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RIL acquires Radisys Corporation for $74 mn

RIL acquires Radisys Corporation for $74 mn

Mumbai (IANS) – Radisys Corporation, an open telecom solutions provider, and Reliance Industries Limited (RIL), have entered into a definitive agreement under which RIL will acquire Radisys for $1.72 per share in cash, a joint-statement said here on Saturday.According to sources, RIL picked up 100 per cent stake in Radisys for $74 million.Headquartered in Hillsboro,

Mukesh Ambani's son Akash marry to Shloka Mehta this year

Mukesh Ambani’s son Akash marry to Shloka Mehta this year

MUMBAI:  Wedding bells may soon be ringing in the country’s premier business family. According to reliable sources, Mukesh Ambani’s eldest son Akash may soon be betrothed to Shloka, the youngest daughter of Russell Mehta, Managing Director, Rosy Blue India, one of the country’s leading diamond companies. Akash Ambani, the eldest son of India’s richest man Mukesh Ambani,

Anil Ambani gets a seat in Atlantic Council advisory board

Anil Ambani gets a seat in Atlantic Council advisory board

Chairman of Reliance group Anil Ambani, one of India’s best-known businessmen has been inducted into the international advisory board of global think-tank, The Atlantic Council. The Headquarters of Atlantic Council are in Washington.He joins the Chairman of News Corp, Rupert Murdoch, former Spanish Prime Minister, Jose Maria Aznar, Airbus CEO Thomas Enders and former Australian Prime

Reliance Group says shocked at ‘illegal phone tapping’

Mumbai: The Reliance Group said on Saturday it was shocked at news reports on the so called “Essar Tapes” that refer to “completely illegal and criminal” wiretap on some individuals in its group and asked for a thorough official probe into the matter. “We suspect that the purported conversations, as referred to in the media,