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Anil Ambani

Anil Ambani's wife Tina appears before ED in FEMA case

Anil Ambani's wife Tina appears before ED in FEMA case

Tue, Jul 04, 2023

Anil Ambani's alleged links to some offshore companies based in Jersey, British Virgin Islands and Cyprus are under the probe scanner of the ED.

Temporary stay on show-cause notice to Anil Ambani under Black Money Act to continue: Bombay HC

Temporary stay on show-cause notice to Anil Ambani under Black Money Act to continue: Bombay HC

Wed, Apr 05, 2023

The court then granted an interim stay to the demand notice too. On Wednesday, when the petition came up for hearing, advocate Akhileshwar Sharma, appearing for the IT department, sought two weeks to file a "comprehensive affidavit" in response to the amended petition.

Reliance Capital's lenders decide to propose their own plan to bidders

Reliance Capital's lenders decide to propose their own plan to bidders

Wed, Apr 13, 2022

Amid a standoff over the bidding process for debt-ridden Reliance Capital Ltd (RCL) and its subsidiaries, lenders have rejected the concerns raised by the RBI-appointed administrator and have decided to go ahead with their own proposal, an unprecedented development under the insolvency proceedings, sources said.

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Reliance Capital posts Rs 315 crore net profit in Q3

Reliance Capital posts Rs 315 crore net profit in Q3

Thu, Feb 08, 2018

The company said its total income at the end of third quarter stood at Rs 4,771 crore, as against Rs 3,964 crore earned in the corresponding period of the previous year.

Reliance Communications net loss falls to Rs 130 crore in Q3FY18

Reliance Communications net loss falls to Rs 130 crore in Q3FY18

Mon, Jan 29, 2018

RCom had reported net loss of Rs 2,712 crore in the preceding quarter (Q2FY18) and net loss of Rs 484 crore in the corresponding quarter of the previous year (Q3FY17).

RCom says shift to B2B biz not easy; to build a $600-m undersea cable

RCom says shift to B2B biz not easy; to build a $600-m undersea cable

Tue, Jan 16, 2018

RCom' today announced a $600-million investment to build a 68,000-km undersea cable network that will carry data to Europe and Hong Kong from its headquarters in Mumbai

''New'' RCOM to be India's largest B2B business: Anil Ambani

''New'' RCOM to be India's largest B2B business: Anil Ambani

Thu, Jan 04, 2018

The "new" Reliance Communications (RCOM) will be "capex light" and emerge as India`s largest B2B (business-to-business) entity that is "focussed on the global and enterprise business", according to Reliance Group Chairman Anil Ambani.

RCom's rise and fall, and the white knight

RCom's rise and fall, and the white knight

Fri, Dec 29, 2017

RCom shares recovered over 100% in the last one week following an assurance from Anil Ambani, the owner of the company, that it will reduce debt

Markets positive on last trading day of 2017

Markets positive on last trading day of 2017

Fri, Dec 29, 2017

Lupin, Divis Lab, Eicher Motors, Power Grid and Larsen & Toubro were the top gainers in the benchmark Nifty

China Development Bank says talks with indebted RCom underway

China Development Bank says talks with indebted RCom underway

Fri, Dec 29, 2017

Last month, China Development Bank initiated insolvency proceedings at India`s National Company Law Tribunal, adding that a large amount of principal and interest from RCom was overdue.

Investors optimistic on RCom; shares gain 108% in 3 days

Investors optimistic on RCom; shares gain 108% in 3 days

Thu, Dec 28, 2017

Anil Ambani's Reliance Communication (RCom) emerged among the top performers on stock exchanges today. The company has struggled a lot to reach at this level.

Sensex crosses 34000 mark; telecom, realty led rally

Sensex crosses 34000 mark; telecom, realty led rally

Tue, Dec 26, 2017

Reliance Communication share closed 30.78% higher on the BSE, as Anil Ambani said debt of the company would come down

Anil Ambani announces debt revival plan for Reliance Communications

Anil Ambani announces debt revival plan for Reliance Communications

Tue, Dec 26, 2017

Ambani accepted that RCom had faced a lot of headwinds in the last few months with respect to NCLT petitions.

Reliance Communication shares surge, up 19%

Reliance Communication shares surge, up 19%

Tue, Dec 26, 2017

Anil Ambani, chairman of RCom, is likely to make important announcement that may include company's debt recast plan.

Mukesh Ambani hits back at Sunil Mittal, says don't blame Jio for industry's losses

Mukesh Ambani hits back at Sunil Mittal, says don't blame Jio for industry's losses

Fri, Dec 01, 2017

This was in response to a query on Mittal's reported comments -- who runs India's biggest telecom firm Bharti Airtel -- that all telecom companies had put together written down USD 40-50 billion of investments due to Jio's entry.

In Pics: One year of ADAG and Reliance Communications Chairman, Anil Ambani

In Pics: One year of ADAG and Reliance Communications Chairman, Anil Ambani

Fri, Dec 01, 2017

Anil Dhirubhai Ambani, chairman of ADAG Group and Reliance Communications is an Indian business magnate. His real time net worth has been as on December 1, 2017 stood at $ 2.4 billion as per Forbes data. He is also the younger sibling of Mukesh Ambani, the richest man in India.

Reliance Communications claims all 31 lenders oppose China bank's insolvency plea

Reliance Communications claims all 31 lenders oppose China bank's insolvency plea

Fri, Dec 01, 2017

Anil Ambani-led RCom today claimed that a majority of its lenders are opposing China Development Bank's (CDB) decision to initiate insolvency proceedings against the embattled telco that's saddled with over Rs 45,000 crore of debt that has turned dud.

Future of Reliance Communication looks bleak, will exit from S&P BSE 200 index

Future of Reliance Communication looks bleak, will exit from S&P BSE 200 index

Mon, Nov 20, 2017

RCom continues to face pressure from investors and analysts due to it’s heavy losses, net debt and rating downgrades. The company's total debt stood at Rs 45,000 crore by end of Q2FY18.

Moody's withdraws RCom's corporate family rating on "default"

Moody's withdraws RCom's corporate family rating on "default"

Sat, Nov 18, 2017

According to Moody's website, a CFR applies to all affiliates under the management control of an entity to which it is assigned, whereas obligations rated 'Ca' are highly speculative and are likely in, or very near, default with some prospect of recovery in principal and interest.

RCom arm sends notice to rivals for campaign against it

RCom arm sends notice to rivals for campaign against it

Fri, Nov 17, 2017

RCom Global Cloud Xchange (GCX) said that it has sent "a 'Cease & Desist' notice and/or injunction to a number of competitors in India, after learning from its Enterprise customers that these competitors are carrying out an illegal and malicious campaign, spreading misinformation and wrongly implying that Reliance Enterprise Voice services will shortly be discontinued".

RCom to shut voice calls from Dec 1, subs can port till Dec 31

RCom to shut voice calls from Dec 1, subs can port till Dec 31

Fri, Nov 03, 2017

The Telecom Regulatory Authority of India (Trai) in direction to all telecom operators said that RCom on October 31, 2017 intimated it that "RCL (Reliance Communications Limited) shall provide only 4G data services to its customers and as a result will discontinue to provide voice services to the subscribers... with effect from 1st December 2017."

Agreed to new loan repayment plan, RCom says

Agreed to new loan repayment plan, RCom says

Tue, Oct 31, 2017

Debt-laden Indian telecoms company Reliance Communications Ltd has agreed a new debt repayment plan with lenders, including a pledge to raise up to 170 billion rupees ($2.6 billion) by selling assets such as mobile towers, it said on Monday.

Adani Transmission, Reliance Infra gains on exclusive talks over power business

Adani Transmission, Reliance Infra gains on exclusive talks over power business

Tue, Oct 10, 2017

Reliance Infrastructure will be selling its Mumbai power business to Adani Transmission, if the deal gets finalised between both the company.

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