Reliance Communication
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RCom hits upper circuit for 6th straight session
Business | Nov 29, 2019, 11:10 AM ISTAlong with Bharti Airtel, VFSI Holdings Pte Ltd and UV Asset Reconstruction Company Limited have submitted their bids.
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Airtel, Jio bid for Reliance Communications telecom assets
Business | Nov 25, 2019, 11:10 PM IST"Bharti, Reliance Jio, Varde Capital and UVARCL have submitted their bids. Total 11 bids have come for the assets of three companies - RCom, Reliance Telecom and Reliance Infratel Limited," sources said.
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RCom shares rally 6 per cent to hit upper circuit on asset sale buzz
Business | Nov 25, 2019, 10:48 AM ISTBharti Airtel, RIL and three others are likely to bid for the assets of debt-ridden Reliance Communications on Monday, according to sources close to the development.
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Reliance Communications lenders reject resignation of Anil Ambani, 4 other directors
Business | Nov 24, 2019, 02:36 PM ISTAmbani along with four directors -- Ryna Karani, Chhaya Virani, Manjari Kacker and Suresh Rangachar -- had resigned from the company earlier this month.
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Reliance Communications to exit telecom business fully to concentrate on real estate: Anil Ambani
Business | Sep 18, 2018, 02:15 PM ISTThe first priority for RCom, is to resolve its over Rs 40,000 crore debt, Anil Ambani told shareholders at the company's 14th annual general meeting.
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Reliance Jio acquires fiber assets of R Com for Rs 3,000 crore
Business | Aug 27, 2018, 11:43 AM ISTLast week, Reliance Communications had completed the planned sale of its media convergence nodes (MCNs) and related infrastructure assets, worth Rs 2,000 crore, Reliance Jio Infocomm.
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RCom agrees to sell Rs 25,000 cr assets by August end; to pay Ericsson Rs 550 crore
Business | Aug 06, 2018, 06:53 PM ISTReliance Communications in a regulatory filing said that it has "agreed to pay a settlement amount of Rs 550 crore to Ericsson on or before September 30, 2018".
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RCom announces massive debt reduction, shares zoom 30 per cent
Business | Dec 26, 2017, 04:05 PM ISTReliance Group's Chairman Anil Ambani on Tuesday announced plan to reduce the company's debt by Rs 25,000 crore to Rs 6,000 crore.
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More trouble for RCom, two Chinese lenders back CDB’s insolvency petition against Anil Ambani's telco
Business | Dec 06, 2017, 02:29 PM ISTThe ICBC and Export-Import Bank of China are planning to support China Development Bank's insolvency petition against RCom.
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Moody's withdraws RCom's corporate family rating on 'default'
Business | Nov 18, 2017, 01:03 PM ISTMoody's Investors Service has withdrawn debt-laden Reliance Communications' corporate family rating, citing a missed scheduled payment related to the company's dollar bond.
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Anil Ambani-controlled Reliance ADAG shares fall up to 15 pc on BSE, RCom down to single digit
Business | Nov 15, 2017, 05:03 PM ISTShares of debt-ridden Reliance Communications touched a new low of Rs 9.75 in its first ever fall to single digits.
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Aircel denies considering filing for bankruptcy; RCom shares tank over 7%
Sep 15, 2017, 08:40 PM ISTAircel, however, denied the reports and added that the business at the company was going on as usual.
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Telecom sector woes do not pose systemic threat to banks: Fitch
Jun 06, 2017, 12:40 PM ISTAnil Ambani-led Reliance Communications is struggling to repay Rs 45,000 crore of debt to its lenders.
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Reliance Communications, Aircel announce merger to create fourth largest telco in India
Sep 14, 2016, 09:32 PM ISTReliance Communications today agreed to merge its wireless telecom business with smaller rival Aircel to create the country's 4th biggest mobile phone operator.
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Reliance Jio 4G to commercially launch on August 15, free voice calls and data in offing: report
Jul 14, 2016, 12:49 PM ISTNew Delhi: The much-awaited commercial launch of Reliance Jio 4G services could happen on August 15. Jio services are currently available only for the company’s employees and customers who buy a LYF smartphone. All that
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Physical Fitness Of Officials Was Deciding Factor In Spectrum Allocation: CBI
India | Apr 03, 2011, 07:33 PM ISTNew Delhi, Apr 3: Physical fitness of the representatives of telecom companies became the deciding factor for submission of Letter of Intent and entry fees for allocation of spectrum making a mockery of first come