As part of the agreement between Reliance Infra promoted RDL and LIG Nex1, the two companies will explore opportunities for developing a range of defence products such as air defence and surveillance radar, sensors and missiles.
Jethmalani also hit out at Jaitley alleging that the row over the Delhi government's move to clear his bills for fighting the case has been "instigated" by the Union Finance Minister.
Reliance Infradevelopment offloaded a total of 18 crore shares over three days starting from March 20. The shares were sold in three tranches to Reliance Wind Turbine Installators Industries at different prices.
After making a killing with a 27-fold return from sale of Paytm stake, Anil Ambani-led Reliance Capital is eyeing "huge capital gains" from sale of other non-core investments, including two leading vineyards of the country.
Reliance Industries Chairman Mukesh Ambani said that he wished he had the infectious enthusiasm of today's youth in his earlier years.
"India and China are the largest digital markets in the world, and Reliance Capital intends to 'go digital' in all its businesses to serve the new age customers," Anmol said while addressing analysts along with his father and chairman Anil Ambani on business plans of Reliance Capital.
Speaking to CNBC-TV18, Nidhesh Jain said that the divestment announcement its non-core assets which includes Rs 2,000 crore of equity investments in listed and unlisted equities is also a major positive.
The proposed health insurer, Reliance Health Insurance, will be a wholly owned subsidiary of Reliance Capital. Retail health insurance is a profitable segment for the non-life industry.
In their first interaction with analysts on business plans of Reliance Capital, Chairman Anil Ambani and his son Anmol will brief them tomorrow on the path ahead for the group's financial services business.
The financial services arm of Reliance Group had invested Rs 10 crore for this stake in Paytm.
Ambani said the Group's focus will be to become a leading manufacturer and supplier of advanced weapon platforms and military hardware to meet the requirements of the armed forces.
Ambani said the Group's focus will be to become a leading manufacturer and supplier of advanced weapon platforms and military hardware to meet the requirements of the Navy, Indian Air Force and the Army and also mark the company's presence across the world.
A media report stated that the company's joint venture with Dassault Aviation will get a big chunk of the Rafale jet deal and will target businesses worth Rs 20,000 crore as part of the offsets for the contract.
Pitching defence business as the main growth driver, industrialist Anil Ambani will brief the sectoral and market analysts here tomorrow about future plans of his Reliance Group in this segment.
The fresh round of consolidation unfolding in the Indian telecom market is likely to yield five major players ensuring "enough competition but not fragmentation of spectrum", Telecom Secretary J S Deepak said.
The Airtel-Telenor buyout coupled with talks of potential Vodafone-Idea merger and Tata Teleservices with RCom-Airtel-MTS combine raise questions whether a consolidation is the best way for telecom companies in view of Reliance Jio's entry.
Ambani met UAE Prime Minister and Dubai's ruler Sheikh Mohammed bin Rashid Al Maktoum yesterday on the sideline of the 'International Defence Exhibition and Conference, IDEX 2017, one of the biggest international Defence shows underway in Abu Dhabi.
The Competition Commission has approved the acquisition of power transmission business of Anil Ambani-led Reliance Infrastructure by Adani group firm Adani Transmission.
The proposed combination relates to the setting up of a joint venture between Reliance Aero and Dassault -- Dassault Reliance Aerospace Limited, in which Reliance Aero would hold 51 per cent shares, with the remaining 49 percent to be held by Dassault.
The company also plans to venture into the property management and home furnishing segment in the near future, the statement added.
Anil Ambani Group firm Reliance Home Finance today said its maiden debenture issue worth up to Rs 3,500 crore will open on December 22.
Equity benchmarks remained volatile with the Nifty hovering in a tight range of 8110-8130 due to muted volumes at FIIs desk.
Speaking to CNBC-TV18, market expert Anand Tandon said, even as the market is below the 8,000 mark, it is still not a screaming buy as the valuations are high.
The company would transfer 49 percent of its radio business, to Zee Media Corporation Ltd (ZMCL), which operates 11 news channels and publishes newspaper DNA, Reliance Capital said in a statement.
The outlook for IoT services in India is virtually UNLIMITed, with the number of connected devices projected to rise from 200 million today to around 3 billion by 2020, and revenues set to increase from USD 5.6 billion today to USD 15 billion in 2020," Amitabh Jhunjhunwala, Group Managing Director, Reliance Group said.