Rcom

The Supreme Court on September 25 allowed the NCLAT to decide on the issue of spectrum sale in the case of Aircel.

Two RCom promoters pledge additional 11.5% stake

A BSE filing on pledge of RCom shares in favour of Axis Trustee Services showed that fresh pledge of 31.82 crore shares was created on August 16, 2019.

Anil Ambani's RCom's bankruptcy begins; next hearing on May 30

Ericsson took the company to NCLT in September 2017 for non-payment of over Rs 1,500 crore dues.

D-Street Buzz: PSU banks gain led by PNB, ADAG stocks rise after debt payment

The top Nifty gainers included ONGC, Bharti Infratel, Bharti Airtel, Sun Pharma and GAIL India while the top losers included Eicher Motors, Hero Moto, Bajaj Auto, JSW Steel and Larsen & Toubro

RCom, Reliance Jio mutually end asset sale deal

RCom group cited the lack of approval from lenders and regulators as the main reason for termination of the deal.

RCom group head count falls 94% to 3,400 people

"Total number of people in the RCom group: from peak of approximately 52,000 to current 3,400, a reduction of approximately 94 percent," RCom said in a BSE filing.

RCom offers Rs 500 cr to Ericsson, NCLAT for amicable settlement

During the proceedings of the National Company Law Appellate Tribunal ( NCLAT), senior advocate Kapil Sibal, appearing for RCom, suggested an upfront payment.

Supreme Court orders status quo in RCom's asset sale to Reliance Jio

SBI had yesterday moved the apex court challenging a tribunal's order, which was upheld by the Bombay High Court, allowing Ericsson to stake a claim on RCom Consolidated's assets.

RCom moves Bombay High Court against tribunal's order barring asset sale

The move comes after an arbitration tribunal, in an interim order, restrained RCom from asset sale, transfer, on an appeal by telecom gear maker Ericsson India.

TRAI likely to deny Rcom plea to not refund users who didn't port out

The company’s plea was that the statute nowhere asks the company to refund its subscribers, claiming the balance money in the account lapses at the time of porting out.

TRAI directs RCom to refund unspent money of mobile customers

Following complaints from Reliance Communications customers, telecom regulator TRAI today directed the company to refund unspent balance and security deposit of its customers.

Weekend wrap: 2017 ends with a win-win for the banking sector

The much hyped Insolvency and Bankruptcy Code gets its much needed amendment law and RCom finds buyer to reduce its debt. Also with the year coming to an end Moneycontrol takes a look at the insolvency and digital revolution in India.

New RCom would be a B2B company with half its revenues coming from overseas: Anil Ambani

Ambani said the company had also run a process, run by real estate consultancy Jones Lang LaSalle, to select a contractor to develop and monetize 20 million square feet at the knowledge city

RCom announces new resolution plan — to cut debt by Rs 39,000 cr with zero write-off for lenders

The plan involves exiting strategic debt restructuring (SDR) and monetising some of the company's assets, including transfer of spectrum liabilities by March 2018.

China Development Bank files insolvency case against RCom; Jio may buy 4G spectrum from RCom

Lenders are currently in the process of selling RCom's assets in a bid to recover some portions of the roughly Rs 45,000-crore debt.

SBI gets new Chairman, RBI keeps rates unchanged

The Reserve Bank also initiated a few other measures to improve policy interest rate transmission, on banking regulation and supervision and measures to improve financial and securities markets

Aircel denies bankruptcy reports

Aircel, which is wholly owned subsidiary of Maxis, has a total debt of Rs 16,000 crore out of which Rs 12,000 crore is Indian debt.

RCom plans to issue shares to lenders in lieu of debt

The RCom board will also consider an update on the ongoing strategic debt restructuring scheme of the company.

Challenging to come up with a consolidated outlook of telecom sector: ICRA

Competitive intensity could drive down industry’s revenues to Rs 2.4 lakh crore in FY18 from Rs 2.56 lakh crore in FY17.

Fitch downgrades RCom, says default a 'real possibility'

RCom Chairman Anil Ambani will be addressing media tomorrow on some of these critical issues, as he seeks to calm investors' frayed nerves over its debt repayment plans.

Reliance Comm falls nearly 3% on buzz of retrenchment, payment delays

The company retrenched nearly 800 employees in the last few weeks, including some senior ones, as it battles falling revenues and profits.

Reliance Jio free services to impact telecos Q4 FY'17 earnings: Report

Moreover, the RJio's extended free services for prime members till June, may also continue to keep the performance of telecom companies muted for the first quarter (April-June) of the current fiscal, according to ICICI Securities' latest earnings preview of the sector.

Reliance Communications-Aircel deal gets CCI nod

Reliance Communications today said it has received approval of the Competition Commission of India (CCI) for the demerger of its wireless division into Aircel Ltd and Dishnet Wireless Ltd.

Defence to be biggest business for Reliance group: Anil Ambani

Ambani said the Group's focus will be to become a leading manufacturer and supplier of advanced weapon platforms and military hardware to meet the requirements of the armed forces.

RCom, Tata Teleservices evaluating viability of merger: Sources

The deal is likely to be speeded up by the truce that was announced on Tuesday between Tata Sons and Japanese telecom giant NTT Docomo in the long-standing USD 1.17-billion dispute over their failed joint venture.