Reliance Communications

Supreme Court Exempts Jio, Airtel Of Rs 40,000 Crore Dues Owing To Spectrum Sharing

Business | Reported by A Vaidyanathan, Edited by Abhik Deb | Tuesday September 1, 2020

The exemption, however, deals specifically with the shared spectrum used by companies and does not include their original dues

Vodafone Idea Crashes 20%, Airtel, RCom Stocks Edge Higher On AGR Verdict

Business | Edited by Abhik Deb | Tuesday September 1, 2020

Vodafone Idea Limited which owes more than Rs 50,000 crore in AGR-related dues had sought 15 years to pay its part

Supreme Court To Decide On Timeline Of Payment Of AGR Dues Today

Business | Edited by Abhik Deb | Tuesday September 1, 2020

On July 20, a three-judge bench of SC had reserved its order on the timeline for staggered payment of dues

Delhi High Court Stays Insolvency Proceedings Against Anil Ambani Upon SBI's Claims

Business | Reported by Aravinth Kumar, Edited by Abhik Deb | Thursday August 27, 2020

NCLT appointed a bankruptcy administrator to verify SBI's claim that Mr Ambani offered personal guarantees to seek loans from the lender

Supreme Court Seeks Details From Telecom Department On Dues Of Firms Sharing Spectrum

Business | ANI | Saturday August 22, 2020

AGR Case: The Supreme Court was hearing a batch of petitions seeking staggered payment of dues to the tune of around Rs 92,000 crore to the government by various telecom companies.

Paid Rs 195 Crore AGR-Related Dues, Reliance Jio Tells Supreme Court

Business | Edited by Abhik Deb (with inputs from agencies) | Tuesday August 18, 2020

On August 14, the top court had sought the details of spectrum sharing pact between RCom and Jio

Supreme Court Seeks Details Of RCom, Jio Spectrum Sharing Pact

Business | Press Trust of India | Friday August 14, 2020

The bench also asked the Department of Telecom to file the requisite documents in the matter

Anil Ambani Faces Crisis As SBI Moves To Recover Rs 1,200 Crore From Him

Business | Upmanyu Trivedi and PR Sanjai, Bloomberg | Tuesday June 16, 2020

Mukesh has bailed his brother out in the past, making a last-minute payment in a case that could have seen Anil imprisoned.

Another Source Of Cash Dries Up For Indian Companies Amid Virus Crisis

Business | Anurag Joshi, Bloomberg | Tuesday June 2, 2020

The Covid-19 crisis has further crimped options for foreign-currency funding, worsening a credit crunch sparked by the collapse of shadow lender IL&FS in 2018.

Nonsense, Thunders Top Court, Says Telecom Chiefs In Contempt: 10 Points

India News | Reported by A Vaidyanathan, Edited by Debanish Achom | Friday February 14, 2020

A furious Supreme Court on Friday tore into telecom companies as well as the government over dues worth thousands of crores unpaid despite its orders. "We don't know who is creating this nonsense, is there no law left in the country," the Supreme Court said, summoning telecom company bosses for contempt. "It is better not to live in this country an...

Prized Assets That Nirav Modi, Vijay Mallya, Anil Ambani May Lose In Dues

India News | Bijou George, Bloomberg | Wednesday February 12, 2020

Weeks after India's criminal enforcement bureau announced a second auction of the prized personal possessions of fugitive jeweler Nirav Modi including his favorite watch and his Rolls Royce Ghost, the United Kingdom High Court recently asked Anil Ambani to deposit $100 million of his personal wealth to partially pay back debt due to a trio of Chine...

"My Net Worth Now Zero," Says Anil Ambani

India News | Jonathan Browning, Bloomberg | Saturday February 8, 2020

The brother of Asia's richest man was ordered to set aside $100 million in his dispute with three Chinese banks, even as he pleaded poverty.

UK High Court To Set Terms In Chinese Banks' Claim Against Anil Ambani

India News | Press Trust of India | Friday February 7, 2020

The High Court of England and Wales here on Friday will set the terms for the "conditional order" of a payment into court it had granted to three Chinese banks last year against Reliance Communications boss Anil Ambani.

Telecom Firms Move Top Court To Seek Relief In Adjusted Gross Revenue Matter

Business | Edited by Sandeep Singh (with inputs from agencies) | Monday January 20, 2020

According to the telecom department, Bharti Airtel owes around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communications Rs 16,456.47 crore.

Bharti Airtel Gains, Vodafone Idea Nosedives After Supreme Court Rejects AGR Review Plea

Business | Edited by Peter Noronha | Friday January 17, 2020

It may be recollected that the telecom department claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance Communications (RCom). According to the telecom department, Bharti Airtel owed around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communic...