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With nowhere to go, Facebook says Free Basics will not be available in India

"Free Basics is no longer available to people in India," said a Facebook spokesperson. As per repor…

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Reliance Communications to bring down debts, likely to announce stake sale in Reliance Infratel

"The deal will be announced within a couple of days, and will value Infratel at around Rs 22,000 cr…

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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. …

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2 mins read

Internet think tank holds meeting on net neutrality

Internet activists supporting net neutrality and running the SaveTheInternet coalition intensified …

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RCom, Aircel, SSTL merger likely to create strong number 4 after Airtel,Vodafone, Idea

This comes after Anil Ambani-controlled RCom and Aircel on Tuesday announced exclusive 90-day merge…

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Bharti Airtel treads where Reliance Jio is measuring its steps – RCom’s assets

However, many expected his brother Mukesh Ambani’s Reliance Jio to bid for the spectrum, fii…

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RCom in advanced trading talks with Jio, says Anil Ambani

While addressing the shareholders at RCom’s Annual General Meeting, Ambani said that the deal with …

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Finally! Mukesh Ambani and Anil Ambani joining hands

Both the companies will benefit from the deal. The pact will allow Reliance Jio to access 10 MHz of…

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4 mins read

As Reliance Jio turns three, another telecom venture of Mukesh Ambani is counting down to its end

It's been three years since Mukesh Ambani launched Jio, a business that is close to his heart. More…

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Anil Ambani has new tricks up his sleeves to save his telecom business

Investopedia defines that stock swap is “the exchange of one asset for another. A stock swap occurs…

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Anil Ambani gets a sigh of relief as NCLAT dismisses a contempt plea against him

A minor shareholder HSBC Daisy Investments had moved the court for Ambani’s Reliance Infratel’s …

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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 …

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Eight telcos to compete in spectrum auction race

The auction is scheduled to start from March 4. According to the PTI report, 9 circles of Mumbai-he…

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2 mins read

Anil Ambani wants RBI to play Big Brother to ‘gasping’ NBFCs

After the IL&FS crisis, few banks are lending to the NBFC sector as they have turned risk …

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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…

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Anil Ambani’s woes get compounded with a series of downgrades for three Reliance Group subsidiaries

The debt instruments of Reliance Home Finance (RHFL) and Reliance Commercial Finance (RCFL) ha…

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Ericsson may have to repay its entire settlement with interest if Anil Ambani’s company is sent for liquidation

Hearing the RCom-Ericsson case, a judicial bench at the National Company Law Appellate Tribunal …

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RCom Plans To Bring Down Debt To Rs 20,000 Crore In Next 24 Months

The company is also contemplating on the option of demerger of land banks from RCom and the…

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5 mins read

15 deals have given Mukesh Ambani’s ₹8.5 trillion Reliance Industries a distinct makeover

Of the 26, 15 deals have contributed the most both in terms of deal value as well as in redefini…