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CBI Files 2nd Chargesheet In Reliance Communications Loan Fraud Case
The agency had registered the case on the basis of a complaint filed by the State Bank of India (SBI).
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CBI Arrests Ex Reliance Finance CEOs In Rs 7,623 Crore Bank Fraud Case
"In RCFL case, the accused have caused a loss of Rs 4,097 crore to 13 Public Sector Banks (PSBs), whereas in RHFL, the loss amount is Rs 3,526 crore to 10 PSBs," a CBI spokesperson said in a statement.
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RCom Bank Fraud Case: SC To Hear Anil Ambani Before Taking ED, CBI Status Reports On Record
Advocate Prashant Bhushan who represents the petitioner in the case told the top court, ''CBI and ED has filed status reports.Anil Ambani was identified as the kingpin. But nothing yet. The kingpin (Anil Ambani) has not been arrested.''
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Rs 1,085 Crore Bank Fraud: FIR Filed Against Anil Ambani, RComms For Allegedly Defrauding PNB
As per the FIR, the accused allegedly cheated PNB and United Bank of India (now merged with PNB) during the period between 2013 and 2017, causing a wrongful loss of about Rs 1,085.19 crore to the banks.
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RCom Bank Fraud Case: ED Attaches Dhirubhai Ambani Knowledge City Land Worth Rs 4,462 Crore
This came hours after it was reported that the ED has attached assets worth Rs 3,000 crore linked to the Anil Ambani Group in connection with the case.
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SBI Classifies Reliance Communications, Its promoter Anil Ambani As 'Fraud'; To Lodge Complaint With CBI
SBI classifies RCom, its promoter Anil Ambani as 'fraud'; to lodge complaint with CBI
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RCom Shares Fall After Rating Downgrades
Credit rating agencies Moody's and Fitch downgraded the company to default levels, their second rating cut in as many weeks.
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Anil Ambani's Reliance Communications Signs Pact For Rs 11,000 Crore Tower Stake Sale
Under the terms of the deal, Reliance Communications is to receive an upfront payment of Rs 11,000 crore, which it has said will use to cut its debt load.
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RCom Says Majority Of Creditor Banks Oppose China Development Bank Insolvency Petition
After a meeting on Wednesday, the lenders have named Indian law firm J Sagar Associates as their legal counsel to oppose the CDB petition, RCom said in a statement.
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Reliance Communications Shares Jump After New Debt Repayment Plan
The company, with $6.8 billion of net debt as of last March, said it will look to repay Rs 17,000 crore ($2.62 billion) of loans by selling assets such as mobile towers. It also pledged to repay another Rs 10,000 crore from sale or commercial development of its real estate assets.
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RCom Posts Loss Of Rs 966 Crore In Q4, Hit By Price War
Reliance Communications said it made a consolidated net loss of Rs 966 crore ($149.8 million) for its fiscal fourth quarter to March 31, compared with a Rs 90 crore net profit in the corresponding period a year earlier.
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RCom Posts Loss Of Rs 966 Crore In Q4, Hit By Price War
Reliance Communications said it made a consolidated net loss of Rs 966 crore ($149.8 million) for its fiscal fourth quarter to March 31, compared with a Rs 90 crore net profit in the corresponding period a year earlier.
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Sensex Eases From Record Highs; Reliance Communications Hits Life Low
Healthcare stocks were the biggest drag on the index, after shares of Sun Pharmaceutical Industries Ltd fell as much as 13.2 percent to a near four-year low.
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Reliance Communications Shares Plunge To Record Low On Debt Concerns
The launch last year of rival Reliance Industries' new Jio 4G service with free voice and data services has forced other networks to come up with cheaper plans of their own.
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RCom Shares Extend Losses On Loan Repayment Concerns
RCom sought to reassure investors in its quarterly conference call on Monday, saying it was in talks with its lenders to defer loan instalments coming due in the next four months as it works on closing two deals.
-
CBI Files 2nd Chargesheet In Reliance Communications Loan Fraud Case
The agency had registered the case on the basis of a complaint filed by the State Bank of India (SBI).
-
CBI Arrests Ex Reliance Finance CEOs In Rs 7,623 Crore Bank Fraud Case
"In RCFL case, the accused have caused a loss of Rs 4,097 crore to 13 Public Sector Banks (PSBs), whereas in RHFL, the loss amount is Rs 3,526 crore to 10 PSBs," a CBI spokesperson said in a statement.
-
RCom Bank Fraud Case: SC To Hear Anil Ambani Before Taking ED, CBI Status Reports On Record
Advocate Prashant Bhushan who represents the petitioner in the case told the top court, ''CBI and ED has filed status reports.Anil Ambani was identified as the kingpin. But nothing yet. The kingpin (Anil Ambani) has not been arrested.''
-
Rs 1,085 Crore Bank Fraud: FIR Filed Against Anil Ambani, RComms For Allegedly Defrauding PNB
As per the FIR, the accused allegedly cheated PNB and United Bank of India (now merged with PNB) during the period between 2013 and 2017, causing a wrongful loss of about Rs 1,085.19 crore to the banks.
-
RCom Bank Fraud Case: ED Attaches Dhirubhai Ambani Knowledge City Land Worth Rs 4,462 Crore
This came hours after it was reported that the ED has attached assets worth Rs 3,000 crore linked to the Anil Ambani Group in connection with the case.
-
SBI Classifies Reliance Communications, Its promoter Anil Ambani As 'Fraud'; To Lodge Complaint With CBI
SBI classifies RCom, its promoter Anil Ambani as 'fraud'; to lodge complaint with CBI
-
RCom Shares Fall After Rating Downgrades
Credit rating agencies Moody's and Fitch downgraded the company to default levels, their second rating cut in as many weeks.
-
Anil Ambani's Reliance Communications Signs Pact For Rs 11,000 Crore Tower Stake Sale
Under the terms of the deal, Reliance Communications is to receive an upfront payment of Rs 11,000 crore, which it has said will use to cut its debt load.
-
RCom Says Majority Of Creditor Banks Oppose China Development Bank Insolvency Petition
After a meeting on Wednesday, the lenders have named Indian law firm J Sagar Associates as their legal counsel to oppose the CDB petition, RCom said in a statement.
-
Reliance Communications Shares Jump After New Debt Repayment Plan
The company, with $6.8 billion of net debt as of last March, said it will look to repay Rs 17,000 crore ($2.62 billion) of loans by selling assets such as mobile towers. It also pledged to repay another Rs 10,000 crore from sale or commercial development of its real estate assets.
-
RCom Posts Loss Of Rs 966 Crore In Q4, Hit By Price War
Reliance Communications said it made a consolidated net loss of Rs 966 crore ($149.8 million) for its fiscal fourth quarter to March 31, compared with a Rs 90 crore net profit in the corresponding period a year earlier.
-
RCom Posts Loss Of Rs 966 Crore In Q4, Hit By Price War
Reliance Communications said it made a consolidated net loss of Rs 966 crore ($149.8 million) for its fiscal fourth quarter to March 31, compared with a Rs 90 crore net profit in the corresponding period a year earlier.
-
Sensex Eases From Record Highs; Reliance Communications Hits Life Low
Healthcare stocks were the biggest drag on the index, after shares of Sun Pharmaceutical Industries Ltd fell as much as 13.2 percent to a near four-year low.
-
Reliance Communications Shares Plunge To Record Low On Debt Concerns
The launch last year of rival Reliance Industries' new Jio 4G service with free voice and data services has forced other networks to come up with cheaper plans of their own.
-
RCom Shares Extend Losses On Loan Repayment Concerns
RCom sought to reassure investors in its quarterly conference call on Monday, saying it was in talks with its lenders to defer loan instalments coming due in the next four months as it works on closing two deals.
