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Anil Ambani, 4 Others Resign From Bankrupt Reliance Communications
Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.
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Bharti Airtel Shares Spike Over 8% After Q2 Results
The telecom majors Vodafone Idea and Bharti Airtel had reported huge losses in the July-September period on account of high provisions for outstanding government dues.
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Sensex, Nifty On Track To Log In Seventh Day Of Gains
Sensex and Nifty edged higher but gains were capped as auto shares like Hero MotoCorp, Maruti Suzuki and Tata Motors came under selling pressure.
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Anil Ambani Pays Ericsson Day Before Deadline, Avoids Jail: 10 Points
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...
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Top Court Asks Anil Ambani To Pay Or Face Jail In Ericsson Case: 10 Facts
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....
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RCom Shares Rise As Company Reaches Agreement With Lenders
Reliance group companies on Sunday said it reached an in-principle "standstill understanding" with more than 90 per cent of its lenders.
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RCom Unit Submits 1,400-Crores Corporate Guarantee To Telecom Department
The court in its order directed the telecom department to approve RCom's spectrum trading deal within seven days of the order and told RCom to furnish Rs 1,400 crore worth of corporate guarantee.
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Reliance Communications Pays 62 Lakh To Regulator To Settle Case
The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee.
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Ericsson Dispute: Anil Ambani's RCom Seeks More Time To Repay 550 Crores
Reliance Communications (RCom) on Tuesday said the company has sought another 60 days for repayment of Rs 550 crore to its unsecured creditor, the Swedish telecom major Ericsson, as its spectrum sale could not be completed due to factors beyond control.
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Telecom Department Asked To Release RCom's Rs 2,000 Crore Bank Guarantee
The TDSAT order will reduce non-funded exposure of banks by Rs 2,000 crore and help in accelerating RCom's asset monetisation programme.
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RCom, Ericsson Reach Settlement On Outstanding Dues
NCLAT in New Delhi has asked RCom to pay Ericsson Rs 550 crore ($81.52 million) by end-September as part of the settlement.
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Reliance Jio to Buy RCom's Mobile Towers, Spectrum, and Other Wireless Infrastructure Assets
Reliance Jio on Thursday announced the acquisition of wireless infrastructure assets of Reliance Communications (RCom) and its affiliates.
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RCom Announces New Debt Reduction Plan Without Write-Offs
The reduction would allow the company to provide "zero" write-offs to lenders and bondholders, as well as no conversion of debt to equity, Anil Ambani told a news conference.
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Vodafone Invites RCom Customers To Use Its Network For Porting
Reliance Communications said it would shut down voice call service from December 1.
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Anil Ambani's RCom To Shut Voice Calls In A Month. Here's Why
The Anil Ambani-led Reliance Communications is under a debt of around Rs.46,000 crore.
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Anil Ambani, 4 Others Resign From Bankrupt Reliance Communications
Reliance Communications is under the corporate insolvency resolution process under provisions of the Insolvency and Bankruptcy Code 2016.
-
Bharti Airtel Shares Spike Over 8% After Q2 Results
The telecom majors Vodafone Idea and Bharti Airtel had reported huge losses in the July-September period on account of high provisions for outstanding government dues.
-
Sensex, Nifty On Track To Log In Seventh Day Of Gains
Sensex and Nifty edged higher but gains were capped as auto shares like Hero MotoCorp, Maruti Suzuki and Tata Motors came under selling pressure.
-
Anil Ambani Pays Ericsson Day Before Deadline, Avoids Jail: 10 Points
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...
-
Top Court Asks Anil Ambani To Pay Or Face Jail In Ericsson Case: 10 Facts
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
Reliance group companies on Sunday said it reached an in-principle "standstill understanding" with more than 90 per cent of its lenders.
-
RCom Unit Submits 1,400-Crores Corporate Guarantee To Telecom Department
The court in its order directed the telecom department to approve RCom's spectrum trading deal within seven days of the order and told RCom to furnish Rs 1,400 crore worth of corporate guarantee.
-
Reliance Communications Pays 62 Lakh To Regulator To Settle Case
The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee.
-
Ericsson Dispute: Anil Ambani's RCom Seeks More Time To Repay 550 Crores
Reliance Communications (RCom) on Tuesday said the company has sought another 60 days for repayment of Rs 550 crore to its unsecured creditor, the Swedish telecom major Ericsson, as its spectrum sale could not be completed due to factors beyond control.
-
Telecom Department Asked To Release RCom's Rs 2,000 Crore Bank Guarantee
The TDSAT order will reduce non-funded exposure of banks by Rs 2,000 crore and help in accelerating RCom's asset monetisation programme.
-
RCom, Ericsson Reach Settlement On Outstanding Dues
NCLAT in New Delhi has asked RCom to pay Ericsson Rs 550 crore ($81.52 million) by end-September as part of the settlement.
-
Reliance Jio to Buy RCom's Mobile Towers, Spectrum, and Other Wireless Infrastructure Assets
Reliance Jio on Thursday announced the acquisition of wireless infrastructure assets of Reliance Communications (RCom) and its affiliates.
-
RCom Announces New Debt Reduction Plan Without Write-Offs
The reduction would allow the company to provide "zero" write-offs to lenders and bondholders, as well as no conversion of debt to equity, Anil Ambani told a news conference.
-
Vodafone Invites RCom Customers To Use Its Network For Porting
Reliance Communications said it would shut down voice call service from December 1.
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Anil Ambani's RCom To Shut Voice Calls In A Month. Here's Why
The Anil Ambani-led Reliance Communications is under a debt of around Rs.46,000 crore.
