Rcom

Chinese Banks Demand $2.1 Billion From Embattled Anil Ambani's Firm

Business | PR Sanjai, Bloomberg | Wednesday June 19, 2019

Anil Ambani's older sibling and Asia's richest man Mukesh Ambani's Reliance Jio Infocomm Ltd. had earlier offered to purchase RCom's assets in a Rs 17,300-crore deal, which would have helped partly pay off lenders

Tribunal Admits Anil Ambani's Reliance Communications For Bankruptcy

Business | NDTV Profit Team | Friday May 10, 2019

Anil Ambani's Reliance Communications was forced to discontinue operations two years ago after his elder brother Mukesh Ambani's Reliance Jio Infocomm disrupted the telecom industry in 2016 by launching aggressively prices data and voice call plans.

Opinion: Take A Bow, Ericsson, In How You Handled Anil Ambani Case

Business | Andy Mukherjee | Bloomberg | Tuesday March 19, 2019

To see just how badly they have bungled RCom, consider the stinging rebuke the lenders received from an appeals judge at India's bankruptcy tribunal last week:

Reliance Industries' Mukesh Ambani Provides 'Support' to Brother Anil as Ericsson Debt Paid Off

Reuters | Tuesday March 19, 2019

Reliance Communications said the requisite payment had been made to Ericsson to comply with an Indian Supreme Court judgement.

Anil Ambani Group Shares Rally After Repayment Of Dues To Ericsson

Business | NDTV Profit Team | Tuesday March 19, 2019

Anil Ambani's Reliance Group companies surged after Reliance Communications repaid dues to Swedish telecom giant Ericsson a day before a Supreme Court deadline.

Sensex, Nifty On Track To Log In Seventh Day Of Gains

Business | NDTV Profit Team | Tuesday March 19, 2019

Sensex and Nifty edged higher but gains were capped as auto shares like Hero MotoCorp, Maruti Suzuki and Tata Motors came under selling pressure.

RCom, Reliance Jio Terminate Telecom Asset Transfer Agreements: 10 Things To Know

Business | NDTV Profit Team | Monday March 18, 2019

Industrialist Anil Ambani-led Reliance Communications Ltd (RCom) said on Monday it terminated a deal to sell its telecom assets to Reliance Jio Infocomm, the mobile telecom firm controlled by Anil's elder brother and Asia's richest man, Mukesh Ambani. The announcement comes at a time when Anil Ambani's Reliance Group, a diversified business empire,...

Anil Ambani's RCom Pays Rs 462 Crore Dues Before Top Court Deadline Ends

Business | Thomson Reuters | Monday March 18, 2019

RCom owes a total Rs 571 crore to Ericsson, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore.

Anil Ambani Pays Ericsson Day Before Deadline, Avoids Jail: 10 Points

India News | Reported by A Vaidyanathan, Edited by Deepshikha Ghosh | Monday March 18, 2019

Industrialist Anil Ambani on Monday avoided jail by paying Swedish telecom equipment maker Ericsson Rs 458.77 crore in dues a day before the Supreme Court's deadline. Anil Ambani has thanked Mukesh Ambani for his "timely support" in paying his dues. Last month, the top court had ordered Anil Ambani's Reliance Communications or RCom and two of its d...

How Anil Ambani's Planning To Pay Ericsson After Warning Of Jail Time

Business | Thomson Reuters | Friday February 22, 2019

RCom owes a total Rs 571 crore to Ericsson, including a one-time settlement of Rs 550 crore and interest payments of Rs 21 crore.

Foreign Media On Anil Ambani And India's Mountain Of Bad Debt

Business | Upmanyu Trivedi, Bloomberg | Wednesday February 20, 2019

RCom decided to enter bankruptcy proceedings earlier this year after struggling to repay about $6.3 billion in debt.

RCom-Ericsson Case: Supreme Court Finds Anil Ambani Guilty of Contempt

Reuters | Wednesday February 20, 2019

Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay.

Reliance Group Shares Fall After Anil Ambani Found Guilty Of Contempt

Business | NDTV Profit Team | Wednesday February 20, 2019

The Supreme Court said that Anil Ambani will go to jail for three months if he doesn't pay Rs 450 crore to Ericsson India within four weeks.

Top Court Asks Anil Ambani To Pay Or Face Jail In Ericsson Case: 10 Facts

India News | Reported by A Vaidyanathan, Edited by Deepshikha Ghosh | Wednesday February 20, 2019

Industrialist Anil Ambani was held guilty of contempt today by the Supreme Court, which said he will go to jail for three months if he doesn't pay Rs 453 crore to Ericsson India within four weeks. The court tore into the Reliance Communications chairman for what it called a "cavalier attitude" and fined him and two of his directors Rs 1 crore each....

RCom Shares Rise As Company Reaches Agreement With Lenders

Business | Indo-Asian News Service | Monday February 18, 2019

Reliance group companies on Sunday said it reached an in-principle "standstill understanding" with more than 90 per cent of its lenders.