Reliance Group

Anil Ambani Says Group Will Pay Another $2.1 Billion Debt By March

Business | PR Sanjai and Rahul Satija | Monday September 30, 2019

Anil Ambani, 60, is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse. In June, Reliance Group said it repaid Rs 35,000 crore in the previous 14 months through asset disposals, excluding Reliance Communications.

Unit Of Anil Ambani's Reliance Communications Files For Bankruptcy

Business | Denise Wee, Bloomberg | Monday September 16, 2019

Anil Ambani has been waging a war on debt, and Reliance Group has said that it planned to raise about Rs 21,700 crore by selling assets from roads to radio stations in a bid to cut borrowings.

Anil Ambani Plans Rs 21,700-Crore Asset Sales To Cut Massive Debt: Report

Business | Anurag Joshi, PR Sanjai and Bhuma Shrivastava, Bloomberg | Thursday July 11, 2019

Reliance Infrastructureis seeking Rs 9,000 crorefrom the sale of nine road projects

Anil Ambani's Reliance Group To Lease Out Company Headquarters To Cut Debt

Business | Thomson Reuters | Monday July 1, 2019

Reliance will continue to own the premises and proceeds from the leasing deal will go only for debt reduction, the company said

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.

What Anil Ambani Is Looking To Sell Next: Report

Business | Baiju Kalesh and PR Sanjai, Bloomberg | Friday May 31, 2019

Reliance Capital Ltd., controlled by Mr Ambani, is discussing the contours of a deal to sell Mumbai-based Reliance General Insurance.

Anil Ambani In Talks To Sell Radio Unit For Rs 1,200 Crore: Report

Business | PR Sanjai, Bloomberg | Monday May 27, 2019

The planned exit from the radio business is part of efforts by Anil Ambani, 59, to cut wider group liabilities after a debt-fueled expansion in the past decade strained finances, while a subsequent government crackdown on bad loans led to the collapse of his wireless phone-services unit.

Anil Ambani To Withdraw Defamation Suits Against Congress, National Herald

India News | Press Trust of India | Tuesday May 21, 2019

Anil Ambani's Reliance Group Tuesday said it has decided to withdraw the Rs 5,000 crore civil defamation suits filed against Congress leaders and National Herald newspaper, saying it believes their statements and article on the Rafale fighter jet deal were made for political purposes in the run up to the general election.

"Like To Remind Rahul Gandhi...": Anil Ambani's Reliance Group Hits Back

India News | Edited By Debanish Achom | Monday May 6, 2019

Anil Ambani's Reliance Group in a strongly worded statement has criticised Congress chief Rahul Gandhi for accusing the industrialist of being a "crony capitalist and dishonest businessman", and pointed out that the conglomerate received projects worth Rs 1 lakh crore when the UPA was in power for 10 years.

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,...

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.

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....