Reliance Communications

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Reliance Communications - Total results - 502
UK court orders Anil Ambani to pay $717 mn to 3 Chinese banks within 21 days; seeking legal advice, says firm
Business

UK court orders Anil Ambani to pay $717 mn to 3 Chinese banks within 21 days; seeking legal advice, says firm

A spokesperson for Anil Ambani said the matter pertains to an alleged personal guarantee for a corporate loan availed by Reliance Communications Limited (RCom) in 2012 for global refinancing.

Industry leaders applaud Facebook-Jio deal; say India to be growth epicentre post-COVID crisis
Business

Industry leaders applaud Facebook-Jio deal; say India to be growth epicentre post-COVID crisis

Facebook's Rs 43,574 crore-investment in Jio Platforms earned accolades from industry leaders on Wednesday, even as some internet activists raised privacy concerns

Construct of FB-Jio deal does not mean that two sides will not compete in the market: Facebook
Business

Construct of FB-Jio deal does not mean that two sides will not compete in the market: Facebook

Facebook and Jio will look to drive synergies and areas of collaboration but the mega-deal does not mean that the two sides will not compete in the market, officials said on Wednesday

Jio emerges as a leapfrogging platform in Ambani's industrial shuffle, aided by trademark financial engineering
Business

Jio emerges as a leapfrogging platform in Ambani's industrial shuffle, aided by trademark financial engineering

Reliance Jio plans to offer new Bollywood releases into broadband-linked living rooms across India. Where will that leave multiplex operators?

Facebook investment to accelerate Reliance Jio's digital monetisation drive: Analysts
Business

Facebook investment to accelerate Reliance Jio's digital monetisation drive: Analysts

Facebook's move to pick up about 10 percent stake in Jio Platforms will accelerate Jio's digital monetisation drive and put Reliance Industries (RIL) on course to turn net debt-free by March 2021, analysts said on Wednesday

Jio-Facebook deal looks at local level e-commerce; to cover education, health gradually: Mukesh Ambani
Business

Jio-Facebook deal looks at local level e-commerce; to cover education, health gradually: Mukesh Ambani

Reliance Jio and Facebook will look to use WhatsApp for delivering goods from local neighborhood Kirana stores to consumers before expanding collaboration in education and healthcare sector, billionaire Mukesh Ambani said soon after announcing the mega Rs 43,574 -crore deal

RIL shares zoom over 10% on Rs 43,574-cr Jio-Facebook deal; market cap rallies Rs 80,710 cr
Business

RIL shares zoom over 10% on Rs 43,574-cr Jio-Facebook deal; market cap rallies Rs 80,710 cr

Shares of Reliance Industries on Wednesday jumped over 10 percent after Facebook announced an investment of $5.7 billion (Rs 43,574 crore) to buy a 10 percent stake in Jio Platforms

Facebook invests Rs 43,574 cr in Reliance Jio for 9.99% stake; becomes largest minority shareholder
Business

Facebook invests Rs 43,574 cr in Reliance Jio for 9.99% stake; becomes largest minority shareholder

The investment values Jio Platforms amongst the top 5 listed companies in India by market capitalization, within just three and a half years of launch of commercial services

Govt gets Rs 25,900 cr in AGR dues, asks telcos to make full payment; says no plan to set up anti-trust laws to curb cartelisation in telecom sector
Business

Govt gets Rs 25,900 cr in AGR dues, asks telcos to make full payment; says no plan to set up anti-trust laws to curb cartelisation in telecom sector

The minister said the government has "again" directed the operators to make full payments of the AGR dues in a letter dated 4 March 2020.

RCom insolvency: Lenders approve Rs 23,000 cr resolution plan; Chinese banks to get major share
Business

RCom insolvency: Lenders approve Rs 23,000 cr resolution plan; Chinese banks to get major share

With lenders approving a Rs 23,000 crore resolution plan for Reliance Communication, as much as Rs 5,500 crore will flow to Chinese banks, clearing about 55 percent of their principal dues, including of those lenders to whom firm's promoter Anil Ambani had allegedly given a personal guarantee

RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report
Business

RCom creditors approve Rs 23,000 cr asset sale plan to highest bidders Jio, UV Asset Reconstruction Company: Report

Under the plan, 38 lenders of RCom can recover over 70 percent of their outstanding of Rs 33,000 crore secured debt

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report
Business

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report

As per the last available estimates, Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charges, to the government.

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr
Business

Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr

Reliance Jio has placed Rs 4,700-crore bids for mobile tower and fibre assets of Reliance Infratel Ltd (RITL), a subsidiary of RCom

Supreme Court rejects Centre's plea challenging refund of Rs 104 cr ordered by TDSAT to RCom
Business

Supreme Court rejects Centre's plea challenging refund of Rs 104 cr ordered by TDSAT to RCom

TDSAT had on 21 December 2018 directed the Centre to return around Rs 104 crore to RCom after encashing bank guarantee of Rs 908 crore against spectrum charges of Rs 774 crore.

RCom creditors may seek more time to complete asset sale process beyond 10 January deadline
Business

RCom creditors may seek more time to complete asset sale process beyond 10 January deadline

Bharti Airtel, Reliance Jio, Varde Capital and UV Asset Reconstruction Company have submitted bids to buy assets of debt-ridden RCom

Digital Communications Commission clears Rs 5.22 lakh cr spectrum sale plan; auction in March-April
Business

Digital Communications Commission clears Rs 5.22 lakh cr spectrum sale plan; auction in March-April

The Digital Communications Commission, the apex decision-making body at the telecom department, on Friday approved a Rs 5.22 lakh crore spectrum auction plan entailing 8300 MHz of airwaves across 22 circles and the sale is likely to take place in March-April

UK court dismisses Chinese bank plea for conditional order in $680 mn claim against RCom chief Anil Ambani
Business

UK court dismisses Chinese bank plea for conditional order in $680 mn claim against RCom chief Anil Ambani

The hearing in the matter took place on 7 November and the order was issued on Monday, a spokesperson for Anil Ambani said in a statement.

UK High Court dismisses $680-mn claim application by Chinese banks against Anil Ambani
Business

UK High Court dismisses $680-mn claim application by Chinese banks against Anil Ambani

UK High Court has dismissed a $680 million claim application filed by Chinese banks against Reliance Communications Chairman Anil Ambani, a spokesperson of Ambani said on Monday

RCom shares hit upper circuit for sixth time in row; gain over 42% in nine trading sessions
Business

RCom shares hit upper circuit for sixth time in row; gain over 42% in nine trading sessions

Shares of Reliance Communications hit their upper circuit for the sixth consecutive session on Friday amid reports that Bharti Airtel has submitted conditional bids of around Rs 9,500 crore for the assets of the debt-ridden firm