Reliance Communications

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

Anil Ambani Says Reliance Group Will Make Timely Debt Service Payments

Business | Thomson Reuters | Tuesday June 11, 2019

Anil Ambani said in the last 14 months, the group has already paid Rs 35,000 crore ($5.04 billion) towards its debt.

Ex-Top Court Staff Tampers With Information To Get Job For Daughter: Cops

India News | Press Trust of India | Sunday June 2, 2019

The desire to see his daughter working at the BSES prompted a former Supreme Court staffer to allegedly post wrong information related to a case involving Reliance Communications Chairman Anil Ambani on the top court's website, senior police official said.

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.

Ambani, Adani's "Business Development Manager": Navjot Sidhu Attacks PM

India News | Edited by Anuj Pant | Saturday April 20, 2019

General Elections 2019: Congress leader Navjot Sidhu today launched a scathing attack on Prime Minister Narendra Modi over the centre's defence deals, including the Rafale deal, alleging he behaved like a "business development manager for (Anil) Ambani and (Gautam) Adani" at the cost of several state-run firms.

After Rafale Deal, Huge Tax Waiver For Anil Ambani's French Firm: Report

India News | Press Trust of India | Saturday April 13, 2019

France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Anil Ambani's Reliance Communications in 2015, months after India's announcement of buying 36 Rafale jets, French newspaper Le Monde reported today.

2 Arrested For Posting Wrong Info On Anil Ambani On Supreme Court Website

India News | Reported by A Vaidyanathan, Mukesh Singh Sengar, Edited by Debanish Achom | Monday April 8, 2019

Two former Supreme Court employees have been arrested for posting wrong information on the court's website that the personal appearance of industrialist Anil Ambani was not needed in the over Rs 400 crore Ericsson dues case, which has now been settled.

Jio Buys Haptik: Here Are All the Companies Reliance Jio Has Acquired Till Date

Jagmeet Singh | Friday April 5, 2019

Reliance Jio just last week announced the acquisition of AI conversational platform startup Haptik.

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.

"Deeply Touched": Anil Ambani Thanks Brother Mukesh For Last-Minute Save

India News | Edited by Jimmy Jacob | Tuesday March 19, 2019

Industrialist Anil Ambani who avoided jail by paying back Swedish telecom giant Ericsson a day before a Supreme Court deadline, profusely thanked elder brother and India's richest man Mukesh Ambani for his "timely support".

Anil Ambani Thanks Mukesh, Nita Ambani For "Support" In Clearing Dues

India News | Press Trust of India | Monday March 18, 2019

Billionaire Anil Ambani Monday thanked his brother Mukesh and his wife Nita for extending "timely support" after his debt-laden firm Reliance Communication cleared payments due to a service provider just a day before expiry of deadline set by the Supreme Court.

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,...