Reliance Communications
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RCom group owes around Rs 26,000 cr to Indian banks, financial institutions: Company
Business | Dec 30, 2020, 04:54 PM ISTDebt-ridden telecom firm Reliance Communications on Wednesday said the group owes around Rs 26,000 crore to Indian banks and financial institutions.
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UK High Court to set terms in Chinese banks' claim against Anil Ambani
Business | Feb 07, 2020, 09:35 AM ISTThe Industrial and Commercial Bank of China Ltd Mumbai Branch, on behalf of itself, China Development Bank and Exim Bank of China, had sought summary judgment against Ambani over an alleged breach of a personal guarantee on a debt refinancing loan of around USD 925 million in February 2012.
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Anil Ambani's RCom pays Rs 458.77 crore of dues to Ericsson, averts jail term: Report
Business | Mar 18, 2019, 06:47 PM ISTRacing against time to meet the Supreme Court's deadline, Reliance Communications (RCom) has paid Rs 458.77 crore of dues to Swedish telecom equipment maker Ericsson, according to sources.
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Reliance Communications shares fall over 6 per cent, group companies tumble
Business | Feb 07, 2019, 06:01 PM ISTOn February 1, RCom's board reviewed the progress of the company's debt resolution plans since the invocation of strategic debt resolution on June 2, 2017.
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Reliance Communications unit furnishes Rs 1,400 cr corporate guarantee to Telecom Department
Business | Dec 03, 2018, 03:01 PM ISTLate last week, a bench headed by Justice RF Nariman said the NoC would be given to Reliance Communications Ltd by the Telecom Department, if Reliance Realty furnishes the corporate guarantee within two days.
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SC directs status quo on sale of assets by Reliance Communication to Reliance Jio
Business | Mar 22, 2018, 07:24 PM ISTThe top court refused to lift the stay ordered by the arbitral tribunal and set aside the March 8 order of Bombay High Court by which R-Com's petition was dismissed.
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RCom purchase not to impact RIL ratings: Moody's
Business | Dec 29, 2017, 06:56 PM ISTThe agency said it expects RIL to pay less than Rs 25,000 crore for the acquisition as it is acquiring only the towers, optic fiber cable network, spectrum and media convergence nodes, and not the realty assets.
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Only 'moral financing' prevails, says Anil Ambani after announcing massive debt reduction for RCom
Business | Dec 27, 2017, 01:45 PM ISTAnil Ambani said on Tuesday that the company has achieved full resolution of RCom's debt, cutting it by Rs 25,000 crore to Rs 6,000 crore by monetising assets.
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China Development Bank drags debt-ridden RCom to bankruptcy court over $2bn debt
Business | Nov 28, 2017, 09:04 AM ISTIn a statement issued on Monday, RCom said it was ‘surprised’ by the ‘untimely and premature action’ of the China Development Bank.
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Anil Ambani’s RCom concludes merger with Sistema Shyam Teleservices
Business | Nov 01, 2017, 11:32 AM ISTReliance Communications' board also approved issuing 10 per cent equity in the company to Sistema Shyam Teleservices, as part of the agreement between the two.
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Anil Ambani's Reliance Communications to shut down 2G business by November 30: report
Business | Oct 25, 2017, 03:47 PM ISTReliance Communications has asked most its employees to exit the company by November 30, a media report said.
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Boost to Anil Ambani as DoT clears Reliance Communications – Sistema Shyam merger
Business | Oct 24, 2017, 09:28 AM ISTThe merger between Sistema Shyam and Reliance Communications promises Rs 700 crore extra income and two million new users for Anil Ambani's telco.
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Reliance Communications chief Anil Ambani not to draw any salary this financial year
Jun 14, 2017, 04:16 PM ISTAnil Ambani-led Reliance Communications is reeling under debts and faced credit downgrades over its inability to pay back loans
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Reliance Communications gets 7 months for debt servicing; to cut liabilities by 60 pc
Jun 02, 2017, 09:14 PM ISTReliance Communications has close to Rs 45,000 crore debt on its books.
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Bankers to meet next week, may recast bad loans of Anil Ambani
Jun 01, 2017, 04:51 PM ISTThe Anil Ambani-owned firm has defaulted on its loan servicing obligations with more than 10 banks.
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Reliance Communications gets BSE, SEBI approval for merger with Aircel
Mar 16, 2017, 07:58 AM ISTAnil Ambani-owned Reliance Communications on Wednesday said that markets regulator SEBI and the stock exchanges have cleared the demerger of its wireless business and the unit’s subsequent merger with Aircel.
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'Joy of Holi': Reliance Communications offers 1GB data for Rs. 49
Mar 10, 2017, 08:17 PM ISTIn the new ‘joy of Holi’ offer, Telecom operator Reliance Communications (RCOM) today announced a new offering to provide 1GB data to new 4G customers for Rs 49 whereas 3GB data will be priced at
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Reliance Communications to fetch Rs 11,000 cr for stake sale in mobile tower business
Dec 22, 2016, 07:28 AM ISTAnil Ambani led Reliance Communications has signed a binding pact with Canada's Brookfield Infrastructure for selling a stake in its mobile tower business for an upfront cash payment of Rs 11,000 crore The two sides
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RCom and RJio have ‘virtually merged’, says Anil Ambani
Sep 28, 2016, 08:23 AM ISTAnil Ambani on Tuesday announced that a “virtual merger” of his Reliance Communications with older brother Mukesh Ambani’s Reliance Jio has now been effected to fulfil the dreams of their late father, Dhirubhai Ambani.
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Government to conduct special audit of telecom companies: Ravi Shankar Prasad
Apr 29, 2016, 08:48 PM ISTGovernment will conduct special audit of telecom companies, including Bharti Airtel, Vodafone, Reliance Communications and Idea Cellular for three years to 2010-11