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4 mins read
Three Anil Ambani companies have reportedly been accused of fraud by banks — the amount at stake is nearly ten times more than what Mallya owed
India’s infamous fallen billionaire, Anil Ambani, may have claimed that his ‘net worth is zero’ b…
1 min read
The rise and fall of Anil Ambani’s Reliance Communications
Long before Reliance Jio, around the time when millennials were mere children, Reliance Infocomm ha…
1 min read
RCom’s unpaid loans could be termed NPAs, and banks are worried
In the recent past, three rating firms have downgraded the company's debt because of missed paym…
1 min read
Reliance Communications says it will clear Rs 25, 000 crore debt by September end
RCom told its lenders it is going to seal two business deals and will pay the debt from the amo…
1 min read
Former Reliance Communications CEO Vinod Sawhny joins Yaantra
“Yaantra is excited to have Sawhney and expects to significantly benefit from his proven expertise …
2 mins read
Missed loan payments force banks to red flag Anil Ambani's Reliance Communications
SMA means loans with overdue interest payment from borrowers, marked SMA 1 if a loan isn't servi…
2 mins read
Mukesh Ambani may now have a reason to buy Anil Ambani's bankrupt RCom, say reports
This March, Reliance Industries had to go back on its plans to buy Reliance Communications d…
1 min read
RCom refuses to accept Moody’s and Fitch rating downgrades
The fall in shares accelerated the firm's losses in the past month to around 38%. It add…
2 mins read
Two Anil Ambani Group stocks — which were trading for less than ₹1 — are buzzing again
The share prices of Anil Ambani’s Reliance Communication and Reliance Naval and Engineering (RNEL…
1 min read
Airtel, Idea, Rcom are not going to be happy with their revenues, thanks to Reliance Jio
The top telecom players are likely to report lower earnings in January-March and also post a fa…
1 min read
700 employee fear being shown the door as Aircel looks forward to jobcuts
Currently, Aircel has around 8,000 employees in India. This shocker to the Aircel employees is prob…
1 min read
RCom plans to reduce debt by mid-2017 and seal three deals, including Aircel
These deals will help RCom reduce debt by 70% by 2018. RCom's debt stood at Rs 42,800 crore as of D…
1 min read
Reliance Communications, Aircel likely to merge wireless business
Reliance Communications said it is in talks with Malaysia's Maxis Communications and Sindya Securit…
1 min read
Anil Ambani-led Reliance Communication is upgrading CDMA users to 4G after negative rating
"We will be upgrading our network from CDMA to LTE (a 4G standard) technology. We would be rolling …
1 min read
RCom's lenders are close to resolve the unpaid loans; to recover ₹23,000 crore
"SBI board has approved resolution plan for RCom. It is expected to vote favourably for the RC…
PTI
1 min read
Reliance Communications to hold on deployment of Facebook’s Free Basics service
TRAI stated that the consultation process on differential pricing was still on and told Reliance Co…
3 mins read
Airtel, Vodafone and Tatas are expected to cough up spectrum dues on Monday
"Airtel, Vodafone Idea and Tata Teleservices have said that they will make payments on Monday. …
PTI
1 min read
Anil Ambani's journey from $42 billion net worth to claiming poverty
This is despite the fact that he owns a fleet of cars, a jet, a helicopter and a yacht. However,…
