Search Results for: RCom

Jio completes acquisition of Reliance Infratel, after paying Rs 3,720 cr to lenders

Reliance Jio Thursday completed the acquisition of Reliance Communication Ltd.'s (RCOM) tower and fiber assets by paying Rs 3,720 crore to the lenders

Dec 22, 2022

Will Mukesh Ambani's move to head off Airtel bid for Anil Ambani's assets fail?

Jio and Airtel are eyeing Reliance Communications' assets that include spectrum, towers, fibre network and real estate, heating up telco wars further.

Nov 26, 2019

Government grants telcos relief by deferring spectrum payments

SC had earlier said telecom operators must pay the pending amount of nearly $13 billion to the government within three months, putting leading operators Vodafone Idea and Bharti Airtel at risk.

Nov 21, 2019

Will Mukesh Ambani let rival Sunil Mittal's Airtel grab brother's RCom assets?

Telco wars worsen as Bharti Airtel bids for Anil Ambani's Reliance Communication's spectrum assets that Mukesh Ambani's Jio had previously tried to acquire.

Nov 13, 2019

Will Mukesh Ambani play protective big brother to Anil against Chinese banks?

Three Chinese banks have taken Anil Ambani to London court over $680 million default on loan to defunct Reliance Communications Ltd; Banks claim the embattled tycoon gave a personal guarantee to the loans

Nov 9, 2019

Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Reliance Infrastructure focuses on reducing its Rs 6,000-crore debt even as group firms' order books swell on government contracts.

Oct 1, 2019

Ex-banker from Bengaluru shoots himself after incurring massive losses in stock market

The victim, identified as 44-year-old Prashanth Kumar, hailed from Bihar. He is survived by his wife, two young children and his ageing parents.

Sep 10, 2019

Saudi Aramco to buy 20% in Reliance oil business in one of the biggest FDI deals in India

The Aramco, Reliance deal will have an enterprise value of around Rs 5,32,466 crore.

Aug 12, 2019

Mukesh Ambani presents 'Reliance New Commerce' and a plan to become zero net-debt firm

Billionaire Ambani's new strategy means for Jamnagar refinery means it would gradually reduce the production of auto fuels and turn to jet fuel and petrochemicals.

Aug 12, 2019

Reliance Jio, Airtel in race for Anil Ambani's RCom assets

The Anil Ambani-led telecom company has been struggling with the long-standing debt of about Rs 46,000 crore.

Aug 5, 2019

Ericsson may lose Rs 580 crore won from Anil Ambani-led Reliance Communications

The consortium of lenders took a decision to send a formal word to Ericsson in a recent meeting of RCom's committee of creditors and consortium of lenders led by the State Bank of India (SBI).

Jul 23, 2019

Will Anil Ambani's asset sales spree help lift crushing debt burden?

Younger Ambani sibling hopes to raise Rs 21,700 crore to win 'war on debt' after liabilities almost landed him in jail, forcing elder brother Mukesh's intervention

Jul 13, 2019

Will Reliance Group's Mumbai HQ sale ease Anil Ambani's Rs 18,000 crore debt problem?

The 7 lakh square feet Reliance Center in Santa Cruz to which Anil Ambani group of companies moved a few years back is expected to fetch Rs 2,000 crore.

Jul 1, 2019

Reliance Jio targets broadband, e-commerce push with Rs 20,000-crore war chest

Mukesh Ambani-led Reliance Industries plans to recapitalise telecom subsidiary Jio that is locked in a pitched battle with Vodafone Idea for market share

Jun 19, 2019

Anil Ambani's RCom owes whopping Rs 15,000 crore to three Chinese banks

According to RCom's regulatory filings, the group has paid back Rs 35,000 crore of debt in the last 14 months.

Jun 18, 2019

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