Sep 30, 2020 09:08 AM IST
The Supreme Court on September 25 allowed the NCLAT to decide on the issue of spectrum sale in the case of Aircel.
- Aug 17, 2019 05:20 PM IST
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.
- May 09, 2019 03:08 PM IST
Ericsson took the company to NCLT in September 2017 for non-payment of over Rs 1,500 crore dues.
- Mar 19, 2019 10:32 AM IST
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
- Mar 18, 2019 08:28 PM IST
RCom group cited the lack of approval from lenders and regulators as the main reason for termination of the deal.
- Jun 14, 2018 09:46 AM IST
"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.
- May 29, 2018 01:13 PM IST
During the proceedings of the National Company Law Appellate Tribunal ( NCLAT), senior advocate Kapil Sibal, appearing for RCom, suggested an upfront payment.
- Mar 22, 2018 01:32 PM IST
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.
- Mar 07, 2018 08:22 PM IST
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.
- Feb 07, 2018 11:17 AM IST
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.
- Jan 19, 2018 06:55 PM IST
Following complaints from Reliance Communications customers, telecom regulator TRAI today directed the company to refund unspent balance and security deposit of its customers.
- Dec 31, 2017 06:23 PM IST
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.
- Dec 26, 2017 09:59 PM IST
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
- Dec 26, 2017 04:19 PM IST
The plan involves exiting strategic debt restructuring (SDR) and monetising some of the company's assets, including transfer of spectrum liabilities by March 2018.
- Nov 28, 2017 04:38 PM IST
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.
- Oct 07, 2017 07:00 AM IST
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
- Sep 15, 2017 08:55 PM IST
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.
- Aug 09, 2017 10:10 PM IST
The RCom board will also consider an update on the ongoing strategic debt restructuring scheme of the company.
- Jun 29, 2017 04:12 PM IST
Competitive intensity could drive down industry’s revenues to Rs 2.4 lakh crore in FY18 from Rs 2.56 lakh crore in FY17.
- Jun 01, 2017 06:25 PM IST
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.
- Apr 07, 2017 12:07 PM IST
The company retrenched nearly 800 employees in the last few weeks, including some senior ones, as it battles falling revenues and profits.
- Apr 07, 2017 09:20 AM IST
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.
- Mar 20, 2017 12:27 PM IST
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.
- Feb 28, 2017 06:44 PM IST
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.
- Feb 28, 2017 03:00 PM IST
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.