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.
Wed, Sep 27, 2017
Seemingly concerned over the telecom sector's health the Ambani brothers have made hard hitting remarks pointing out the growing competition in the industry.
Fri, Sep 22, 2017
On September 6, the company was hived off from Reliance Capital and the shareholders of Reliance Capital Ltd have already received one free share of Reliance Home Finance Ltd.
Sat, Aug 12, 2017
Telecom company Reliance Communications on Saturday posted a consolidated loss of Rs 1,210 crore in the three-month period ended June 30, 2017.
Mon, Jul 10, 2017
As RCom continues its battle in reducing its over Rs 44,000 crore debt, its stock price in the in last one has risen over 14%.
Thu, Jun 29, 2017
Industrialist Anil Ambani today termed the Goods and Services Tax (GST), being rolled out from July 1, as India's "economic freedom" and said it would make the country the biggest free and democratic market in the history of humankind.
Thu, Jun 22, 2017
At 1323 hours the shares of Reliance Communications were trading at Rs 20.60 per piece, up 4.56% or Rs 0.90 on BSE.
Tue, Jun 20, 2017
Anil Ambani, in its meeting with President of Serbia, signed a pact with Yugoimport for manufacturing Rs 20,000 crore worth ammunition for next 10 years.
Wed, Jun 14, 2017
Reliance Communications' (RCom) owner Anil Ambani announced on Wednesday that he has voluntarily decided to draw no salary or commission from the telecom company in the current financial year.
Mon, Jun 12, 2017
Reliance General Insurance has received approval for listing on stock exchanges.
Tue, Jun 06, 2017
On June 2, Anil Ambani led RCom, addressing a press conference, said that the company presented its debt payment plan to its lenders who approved it given the company time till December 2017 to pay the loans due.
Mon, Jun 05, 2017
After touching a record low last week, Anil Ambani-backed Reliance Communications (RCom) has finally seen some revival in its stock price. This came in after when the company's lenders provided seven months time for their repayment of debt.
Fri, Jun 02, 2017
Reliance Communication reported a loss of Rs 948 crore in Q4FY17, hit by intense price war among telecom operators after Jio's entry.
Thu, Jun 01, 2017
After ICRA and Moody's, now Fitch Ratings downgraded Reliance Communications to CCC.
Wed, May 31, 2017
RCom, controlled by billionaire Anil Ambani, has traditionally relied on short-term debt and covenant waivers from its banking relationships, but if these waivers are not received it could impact RCom`s $300 million bondholders "significantly", Moody`s said.
Tue, May 30, 2017
The shares of Anil Ambani-owned telecom company Reliance Communications (RCom) fell further by nearly 8% in the early morning trade on Tuesday on back of investor concerns over the company's ability to repay its loans.
Mon, May 29, 2017
Two days after reporting loss in the fourth quarter (Q4) results, Anil Ambani owned telecom company Reliance Communications (RCom) shares decline as much as 20% to an all-time low in early trade on Monday.
Sun, May 28, 2017
Anil Ambani owned telecom company RCom has reported a loss of Rs 948 crore for the fourth quarter (Q4) ended on March 31, 2017 on back of intense price war in the telecom sector due to the entry of Reliance Jio which has hurt the profitability and income of the company.
Sun, Apr 16, 2017
For the year FY2016-17, the company clocked total revenue of Rs 28,222 crore, while its net profit stood at Rs 1425 crore.
Thu, Apr 13, 2017
Reliance Power on Thursday announced over a three-fold jump in its consolidated profit for the March quarter on account of 40% fall in tax expenses.
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