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2 mins read
Anil Ambani is firefighting another charge that says RCom diverted funds into other group companies
The promoters of Reliance Communications (RCom) have refuted a fresh set of allegations that funds …
1 min read
RCom’s lenders will ask Ericsson to pay back ₹580 crore, says report
According to sources, the payment made to Ericsson comes under ‘preferential transaction’ under …
1 min read
RCom refuses to accept Moody’s and Fitch rating downgrades
The fall in shares accelerated the firm's losses in the past month to around 38%. It add…
1 min read
RCom's committee of creditors to meet on Monday
UV Asset Reconstruction Company is learnt to have placed a bid of around Rs 14,700 crore, while Re…
PTI
2 mins read
Mukesh Ambani’s Reliance Jio decides that it may be too expensive to give brother Anil Ambani’s RCom a lifeline after all
As a consequence of this, the India’s Department of Telecommunications (DoT) has denied a no-…
1 min read
RCom's committee of creditors to meet on Nov 20
New Delhi, Nov 19 () Reliance Communications' Committee of Creditors (CoC) will hold a meeting on N…
PTI
1 min read
RCom lenders might recover just a fourth of their loans after asset sale
The others who bid include UV Asset Reconstruction and US-based equity fund Varde Partners. …
2 mins read
Two Anil Ambani Group stocks — which were trading for less than ₹1 — are buzzing again
The share prices of Anil Ambani’s Reliance Communication and Reliance Naval and Engineering (RNEL…
2 mins read
Airtel and Voda-Idea could pay DoT, but what about ₹38,000 crore from defunct telcos?
It is not just Bharti Airtel and Vodafone-Idea that are affected by the Supreme Court order which w…
2 mins read
RCom chairman Anil Ambani, 4 other directors resign
New Delhi, Nov 16 () Reliance Communications Chairman Anil Ambani along with four directors have re…
PTI
2 mins read
Anil Ambani’s RCom secures extension on crucial debt payment, avoiding bankruptcy and keeping hopes of a bailout alive
India’s Supreme Court has granted a reprieve to Anil Ambani’s Reliance Communications (RCom), gi…
2 mins read
RCom loans: Anil Ambani claims no personal guarantee given to three Chinese banks
Anil Ambani said he was defending himself against the claims by both SBI and the Chinese banks and…
PTI
4 mins read
Mukesh Ambani's strategy with Reliance Jio is avoiding Anil Ambani's mistakes with RCom
A bet on the wrong technology meant extra investments, which coincided with the global econ…
1 min read
RCom's lenders are close to resolve the unpaid loans; to recover ₹23,000 crore
"SBI board has approved resolution plan for RCom. It is expected to vote favourably for the RC…
PTI
1 min read
RCom stock tanks over 8 pc on Q2 loss
New Delhi, Nov 18 () Shares of debt-ridden Reliance Communications (RCom) on Monday tumbled over 8 …
PTI
1 min read
RCom plans to reduce debt by mid-2017 and seal three deals, including Aircel
These deals will help RCom reduce debt by 70% by 2018. RCom's debt stood at Rs 42,800 crore as of D…
2 mins read
The creditors of Anil Ambani’s cash-strapped Reliance Communications are finally making it undergo bankruptcy proceedings
RCom owes around 31 creditors - mainly the State Bank of India - around ₹500 billion. The ca…
2 mins read
RCom CoC to vote on Rs 23,000 cr resolution plans on Feb 24
UV Asset Reconstruction Company is learnt to have placed a bid of around Rs 14,700 crore while Rel…
PTI
2 mins read
Bharti Airtel submits Rs 9,500-cr bids for RCom assets
New Delhi, Nov 28 () Telecom operator Bharti Airtel has submitted conditional bids of around Rs 9,5…