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.
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.
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.
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.
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).
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
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.
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
Lupin, Divis Lab, Eicher Motors, Power Grid and Larsen & Toubro were the top gainers in the benchmark Nifty
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.
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.
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
Ambani accepted that RCom had faced a lot of headwinds in the last few months with respect to NCLT petitions.
Anil Ambani, chairman of RCom, is likely to make important announcement that may include company's debt recast plan.
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.
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.
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.
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.
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.
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".
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."
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.
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.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.