Anil Ambani

RCom In The Red For 7th Quarter In Row But April-June Loss Narrows

Business | Thomson Reuters | Thursday July 19, 2018

Reliance Communications said its loss narrowed in the first quarter and it is confident of closing the debt resolution process by September-end.

'RCom-Ericsson Agreement Over Unpaid Dues Unlikely For Now'

Business | Thomson Reuters | Friday May 18, 2018

RCom has approached Ericsson, but with a lack of clarity around payment of dues "a settlement currently looks uncertain," said a source.

Tribunal Admits Ericsson's Insolvency Plea Against Reliance Communications

Business | Thomson Reuters | Tuesday May 15, 2018

Run by wealthy businessman Anil Ambani, RCom has said it plans to reduce its debt by selling assets such as airwaves, mobile masts and fibre optic investments.

Reliance Infrastructure To Raise Rs 3,000 Crore Via Rights Issue

Business | Indo-Asian News Service | Tuesday May 15, 2018

Reliance Infra's Board approved the plan to strengthen the company's net worth, capital adequacy and enhance its ability to avail non-funded lines of credit

Reliance Infra Bags Rs 1,081 Crore Kudankulam Nuclear Project Contract

Business | Indo-Asian News Service | Monday April 9, 2018

Reliance Infra's contract covers design, engineering, supply, erection, testing and commissioning of SSC package and allied civil works on EPC basis.

RCom Sale Of Tower, Fibre Business Gets Tribunal's Nod

Business | Thomson Reuters | Friday April 6, 2018

Proceeds of the sale will be deposited with state-run State Bank of India in an escrow account, RCom said.

RCom To Appeal Court Order Staying Sale Of Tower, Fibre Assets

Business | Thomson Reuters | Monday March 12, 2018

The National Company Law Tribunal stayed sale of assets of Reliance Infratel in response to a petition filed by HSBC Daisy Investments (Mauritius).

To Bring Sridevi's Body To Mumbai, Anil Ambani Sends Private Jet To Dubai

India News | Indo-Asian News Service | Monday February 26, 2018

In a moving gesture, Indian industrial magnate Anil Ambani has sent an aircraft to Dubai to bring back Bollywood actress Sridevi Kapoor's body to India later on Sunday, sources said

If Jeff Bezos, Mukesh Ambani, Jack Ma Funded Their Governments

World News | Marine Strauss, Wei Lu, Bloomberg | Tuesday February 13, 2018

How many days could the government keep running if the richest person of each country was paying for it? We created the 2018 Robin Hood Index to delve into the subject. We took 49 countries with various political regimes and expenditure types and the richest individuals of each of these nations. We then compared their net worth as of end-December 2...

Reliance Communications Narrows Loss To Rs 130 Crore In Q3

Business | Thomson Reuters | Tuesday January 30, 2018

To raise funds and help repay what it owes, RCom announced plans to sell most of its wireless assets to another carrier Reliance Jio Infocomm Ltd.

TRAI Directs RCom to Refund Unspent Balance of Mobile Customers

Press Trust of India | Monday January 22, 2018

TRAI has directed Anil Ambani-led RCom to refund money of prepaid subscribers and deposit of postpaid customers.

Jio User Base Rises By 6.1 Million in November as RCom Closes Services: TRAI

Gadgets 360 Staff | Friday January 12, 2018

Jio user base stood at 152.08 million in November 2017 as it added 6.1 million subscribers, ahead of rivals Airtel, Vodafone and Idea.

Mukesh Ambani's Jio Poised To Report Profit In Major Milestone

Business | Saket Sundria and Bhuma Shrivastava, Bloomberg | Thursday January 11, 2018

Reliance Jio may report a net income this month itself when it lays out its December-quarter performance, people with knowledge of the matter said.

Relief For RCom! China Development Bank Withdraws Insolvency Petition

Business | Thomson Reuters | Friday January 5, 2018

The biggest foreign lender to Reliance Communications withdraws petition seeking to drag the indebted telecoms carrier into insolvency.

Mukesh Ambani Bails Out Brother Anil Fuelling Record RCom Share Rally

India News | Ari Altstedter, Bloomberg | Friday December 29, 2017

Shares of Anil Ambani's struggling wireless carrier extended this month's heady run-up after his billionaire brother Mukesh agreed to buy the company's spectrum, mobile-phone towers and fiber assets, providing a cash infusion that will be used to help stave off insolvency.