RCom

Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 Cr NPA for Indian and Foreign Banks

Aircel & RCOM steering towards liquidation, resulting in Rs 60,000 Cr NPA for Indian and Foreign Banks

According to experts, based on the NCLAT Judgement, the Resolution Plan of UV Asset Reconstruction Company Ltd. (UVARCL) for Aircel, whic...Read More

RCom group owes around Rs 26,000 cr to Indian banks, financial institutions: Company

RCom group owes around Rs 26,000 cr to Indian banks, financial institutions: Company

The Indians banks, vendors and other creditors have made claims of around Rs 86,000 crore on the company which is currently going through...Read More

Delhi High Court orders no coercive action in the RCOM matter

Delhi High Court orders no coercive action in the RCOM matter

Delhi High Court has directed the two state owned banks, Union Bank of India and Indian Overseas Bank to maintain the status quo in a mat...Read More

DoT files affidavit in NCLT to exclude RCom, RTL spectrum from resolution plan

DoT files affidavit in NCLT to exclude RCom, RTL spectrum from resolution plan

The Department of Telecommunications (DoT) filed an affidavit detailing its objections, which said that spectrum cannot be sold under the...Read More

Chinese banks to get lion's share of RCom resolution, DoT will get zero proceeds

Chinese banks to get lion's share of RCom resolution, DoT will get zero proceeds

According to banking sources, Chinese banks namely China Development Bank, China Exim Bank and ICBC will get the lion's share of 30 per c...Read More

SBI board approves Rs 23,000 cr sale resolution plan for debt-hit RCom

SBI board approves Rs 23,000 cr sale resolution plan for debt-hit RCom

Reliance Communications has put all of its assets on sale that includes spectrum holding of 122 megahertz (MHz), tower business, optical ...Read More

Jio, UVARC emerge top bidders for RCom assets

Jio, UVARC emerge top bidders for RCom assets

New Delhi: Reliance Communications' (RCom) assets have received bids of around Rs 25,000 crore with Reliance Jio and UV Asset Reconstruct...Read More

In a first, RCom AGM to be chaired by resolution professional tomorrow

In a first, RCom AGM to be chaired by resolution professional tomorrow

Mumbai: In what is probably the first for any major corporate, a resolution professional will chair and address the shareholders of the A...Read More

Mukesh Ambani's Reliance Industries may bid for Anil Amabani's RCom in bankruptcy

Mukesh Ambani's Reliance Industries may bid for Anil Amabani's RCom in bankruptcy

According to highly placed sources, Reliance Jio plans to submit the bid for the assets of RCom that will come up for sale during the ins...Read More

Billionaire to Bankruptcy! Tracing Anil Ambani’s loan-ly fall from dizzying heights

Billionaire to Bankruptcy! Tracing Anil Ambani’s loan-ly fall from dizzying heights

In a media conference, Anil Ambani revealed that more than Rs 35,000 crore of loans have been paid back in the last 14 months.

RCom withdraws plea against NCLT order on bankruptcy proceedings

RCom withdraws plea against NCLT order on bankruptcy proceedings

New Delhi: Debt-ridden Reliance Communications (RCom) on Tuesday withdrew its petition challenging an NCLT order that allowed insolvency ...Read More

Reliance Group stocks under selling pressure; tank up to 10.3 pc on SC verdict

Reliance Group stocks under selling pressure; tank up to 10.3 pc on SC verdict

New Delhi: Shares of Reliance Group companies tumbled up to 10.3 per cent today after the Supreme Court held RCom chairman Anil Ambani gu...Read More

SC holds Anil Ambani guilty of contempt, jail term on cards if Rs 453 crore not paid to Ericsson

SC holds Anil Ambani guilty of contempt, jail term on cards if Rs 453 crore not paid to Ericsson

Mumbai: In a big setback for Anil Ambani, the Supreme Court today held Reliance ADAG chairman guilty of contempt. Pleas were filed by tel...Read More

RCom dives 35%; other group shares sink too

RCom dives 35%; other group shares sink too

New Delhi: Shares of Reliance Communications fell sharply on Monday and ended nearly 35 per cent lower after the company decided to opt f...Read More

SC seeks response from Anil Ambani on Ericsson’s contempt petition over non-payment of dues

SC seeks response from Anil Ambani on Ericsson’s contempt petition over non-payment of dues

New Delhi: The Supreme Court on Monday issued notice to Reliance Communication Ltd (RCom) Chairman Anil Dhirubhai Ambani and others on a ...Read More

DoT to study RCom asset sale plan before giving nod

DoT to study RCom asset sale plan before giving nod

New Delhi: The Department of Telecommunications (DoT) is likely to study Reliance Communications’ (RCom) spectrum sale proposal further, ...Read More

Reliance Communications gets Supreme Court approval to sell spectrum to Reliance Jio

Reliance Communications gets Supreme Court approval to sell spectrum to Reliance Jio

New Delhi: The Supreme Court on Friday allowed Anil Ambani-controlled Reliance Communications (RCom) to sell spectrum to older brother Mu...Read More

RCom pays Rs 62.40 lakh to settle case with Sebi

RCom pays Rs 62.40 lakh to settle case with Sebi

New Delhi: Debt-laden Reliance Communications (RCom) has settled a case with markets regulator Sebi over non-compliance with listing norm...Read More

RCom completes sale of fibre assets to Reliance Jio for Rs 3,000 crore

RCom completes sale of fibre assets to Reliance Jio for Rs 3,000 crore

New Delhi: Reliance Communications (RCom) today said it has completed sale of its fibre assets and related infrastructure assets, worth R...Read More

RCom concludes sale of ‘media nodes’ to Reliance Jio for Rs 2,000 crore

RCom concludes sale of ‘media nodes’ to Reliance Jio for Rs 2,000 crore

New Delhi: Reliance Communications today said it has completed the planned sale of its media convergence nodes (MCNs) and related infrast...Read More

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