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Adani-Paytm Deal: Both One97 Communications and Adani Group deny reports as ‘baseless’ and ‘speculative’

Gautam Adani-led conglomerate Adani Group has denied reports that it is in talks with Vijay Shekhar…

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India's telecom equipment manufacturing sales cross ₹50,000 crore under PLI scheme

According to a press release by the Ministry of Communication, this accomplishment reflects the suc…

ANI   


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Jio Platforms buys US-based communications equipment maker Mimosa Networks for $60 million

Jio Platforms, the digital arm of Reliance Industries Ltd, will buy communications equipment maker …

PTI   


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Mukesh Ambani may now have a reason to buy Anil Ambani's bankrupt RCom, say reports

This March, Reliance Industries had to go back on its plans to buy Reliance Communications d…

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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. …

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2 mins read

Paytm may skip its pre-IPO sale as advisors reportedly recommend lower valuation

One 97 Communications — the parent company of digital payments giant Paytm — has reportedly decided…

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1 min read

The rise and fall of Anil Ambani’s Reliance Communications

Long before Reliance Jio, around the time when millennials were mere children, Reliance Infocomm ha…

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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   


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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…

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Anil Ambani’s RComm gets a lifeline from brother Mukesh Ambani’s Jio as first phase of asset sale is completed

The deals comprise the first tranche of a larger agreement, signed in December 2017, for the sal…

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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…

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1 min read

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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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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Telcos reportedly urge government to skip local testing to avoid 5G phone shortage

The Telecom Engineering Center (TEC), which is the technical arm of the Department of Telecommun…

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Anil Ambani’s Reliance Infrastructure just got closer to a debt-free future by selling one of its most important businesses

Boasting annual revenues of over ₹75 billion, Reliance Infrastructure’s power business in Mumbai…

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Supreme Court holds Anil Ambani companies guilty of contempt

The order laid down a deadline of four weeks to make a payment of ₹4.53 billion , failing which…