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Reliance Communication News
Sensex, Nifty sustain pre-budget rally; RCom, ITI, IndusInd Bank stocks gain
Thu, Jul 04, 2019
The BSE Sensex rose 76 points to 39,916 while the 50-stock Nifty added 23 points to 11,941 levels. The Bank Nifty index jumped 107 points to 31,489 levels.
NCLAT allows insolvency proceedings against Reliance Communication
Tue, Apr 30, 2019
RCom had moved the application to withdraw its challenge to the insolvency order after its board felt insolvency was the best course after failed attempts to revive the firm.
Reliance Communications Enterprises pledges 12.50 cr shares of RCom with IndusInd Bank
Sun, Mar 24, 2019
Reliance Communications Enterprises (RCE) held 49.06 crore shares in RCom amounting to 17.74 per cent stake, of which it had previously pledged 4.85 per cent.
RCom shares zoom 10%; hit upper circuit after payment to Ericsson
Tue, Mar 19, 2019
Anil's heavily debt-laden Reliance Communications made a Rs 550 crore payment, including interest, to Ericsson just a day before expiry of the deadline set by the Supreme Court to clear dues or face a three-month jail term.
Rcom Chairman Anil Ambani found guilty by SC in Ericsson default case
Wed, Feb 20, 2019
India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson. The court ordered the billionaire and two RCom directors to pay 4.5 billion rupees to Ericsson within four weeks or risk a three-month jail term, according to a ruling from a two-member bench headed by Supreme Court judge Rohinton Fali Nariman. The RCom had previously deposited more than 1 billion rupees with the court. In a statement, the Indian telco said it respected the ruling and “shall comply with the same”.
Rcom Chairman Anil Ambani found guilty by SC in Ericsson default case: 5 things to know
Wed, Feb 20, 2019
India’s Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully failing to pay 5.5 billion rupees ($77.29 million) to telecom equipment maker Ericsson.
Reliance Communications says will not be paying Rs 375 cr to NCD holders
Thu, Jan 24, 2019
In a regulatory filing, the company said it is working expeditiously to complete the process of asset sale, which is likely to be completed by end-March 2019.
Anil Ambani led Reliance Communications stock drops by whopping 13%
Wed, Dec 19, 2018
This Anil Ambani led company has tumbled by nearly 13% today - it even touched an intraday low of Rs 13.77 per piece. However, at around 11:12 hours, Reliance Communications was trading at Rs 14.59 per piece down by 7.54% on the index.
Anil Ambani’s Reliance Communication just gave you 15% gains; Know why
Fri, Nov 30, 2018
Such an outburst of love in Anil Ambani’s RCom was due to a good news given by Supreme Court, which meant that the deal with brother Mukesh Ambani’s Reliance Jio Infocomm is soon set to become a reality.
Top 5 stocks in focus on October 30: HDFC Bank, Bharti Airtel to HSIL, here are the 5 newsmakers of the day
Tue, Oct 30, 2018
HDFC Bank, Bharti Airtel and HSIL that came in the news after the market was closed for trading and can have an impact on October 30, 2018.
Anil Ambani led Reliance Communications given last opportunity by SC to pay Rs 550 cr; deadline Dec 15
Tue, Oct 23, 2018
The Supreme Court Tuesday asked Reliance Communication Ltd to clear the dues of Rs 550 crore to telecom equipment maker Ericsson India by December 15, saying that delayed payment would attract an interest of 12 per cent per annum.
Reliance Communication gains over 4% after clarification on Ericsson's petition before Supreme Court
Wed, Oct 03, 2018
Reliance Communication's share price surged by 4.27% with an intraday high of Rs 12.44 per piece.
Anil Ambani led RCom to exit telecom fully to focus on realty
Tue, Sep 18, 2018
Billionaire Anil Ambani Tuesday announced that the cash-strapped Reliance Communications will be completely exiting the telecom business to concentrate on real estate in future
Reliance Communications shares plunge by 10%, Reliance Infra down 5% despite Anil Ambani's big talk
Tue, Sep 18, 2018
Anil Ambani shed some light on debt-laden Reliance Communications, which has been suffering losses for quite a few years now.
Reliance Communications reinstates bank guarantees worth Rs 774 crore with DoT; says asset sale on track
Tue, Aug 14, 2018
NEW DELHI: Reliance Communications (RCom) has said it has reinstated bank guarantees worth Rs 774 crore with the telecom department ahead of the timeline set by the TDSAT, and asserted that its Rs 25,000 crore asset sale plans are "on track".
Reliance Communications shares jump 11%; here is why
Wed, Jul 25, 2018
Things have been bleak for Reliance Communications since the time it started recording losses and underwent shortage of funds in order to repay its debt.
Anil Singhvi's Market Strategy May 31: Private Banks and Metals set to be positive
Thu, May 31, 2018
Stock markets closed slightly lower on Wednesday but amid positive global, Domestic Institutional Investors (DIIs) sentiments as well as neutral Futures and Options (F&O) and foreign institutional investors (FII) cues, it seems that the short term trend of the market will remain positive today.
Reliance Infratel settles dispute with investor; withdraws petition for asset sales
Tue, May 29, 2018
Following the development, the Anil Ambani led firm today withdrew its petition from the National Company Law Appellate Tribunal (NCLAT) seeking permission to sell its tower and fibre assets.
Debt resolution: Reliance Communication awaits NCLT order on Ericsson plea
Wed, May 16, 2018
RCom and Ericsson have been negotiating a settlement over outstanding payments, and the matter has been sent to NCLT for further action.
Reliance Communications assets sale to Reliance Jio: Here's what SC ordered today
Thu, Mar 22, 2018
RCom Consolidated incorporates the Anil Ambani-led group's Reliance Communications, Reliance Infratel and Reliance Telecom. Apart from SBI, 24 other Indian lenders constitute the Joint Lenders Fora, including BoB, BoI, Canara Bank, Central Bank of India, PNB, IDBI Bank, UCO Bank, IOB, Dena Bank, Corporation Bank, Union Bank, United Bank, LIC and Barclays Bank.