DLF & RCOM losers in market cap

MUMBAI: India's largest real estate firm DLF and companies belonging to the Reliance Group led by Reliance Communications (RCOM) topped a list of local firms whose market value has eroded the most over the last five years in a sharp slide from of the peak of 2008. And the reason? Over-leveraging, changes in government policies, aggressive overseas acquisitions and governance issues.

Reliance Communications upgraded capacity

NEW DELHI: Reliance Globalcom, an arm of Reliance Communications, has upgraded the capacity of its undersea cable system that will address the growing global bandwidth demand for cloud computing, video and other high-bandwidth services.
The company has upgraded its Trans-Atlantic FA-1 South submarine network with Ciena Corporation's GeoMesh solution, which will serve New York to Paris trans-Atlantic corridor.