New Delhi: The Securities and Exchange Board of India on Friday said Reliance Communications (RCOM) has settled its case with the regulator by paying Rs 62.40 lakh over alleged non-cooperation with credit rating agencies and debenture trustee. “Reliance Communications Limited filed a suo moto application in terms of the SEBI (Settlement of Administrative and Civil […]
New Delhi: The “new” Reliance Communications (RCOM) will be “capex light” and emerge as India’s largest B2B (business-to-business) entity that is “focussed on the global and enterprise business”, according to Reliance Group Chairman Anil Ambani. It will also have a “strong strategic partner coming in the next few months”, Ambani said in a wide-ranging interview […]
New Delhi: Reliance Jio Infocomm (RJIL), a subsidiary of Reliance Industries Limited, on Thursday announced signing of a “definitive agreement” for the acquisition of specified assets of Reliance Communications (RCOM) and its affiliates. Consequent to the agreement, Jio or its nominees will acquire assets under four categories — towers, optic fibre cable network, spectrum and […]
Mumbai: Infrastructure major Reliance Infrastructure on Tuesday said it will participate in the “very ambitious” Rs 1 lakh crore bullet train project of the Indian Railways. “We are deeply engaged and involved with a number of Japanese companies through JVs (joint ventures) and we will participate in this very ambitious Rs 1 lakh crore project,” Reliance […]
Mumbai: Reliance Group Chairman Anil Ambani on Tuesday said the telecom sector is under stress and banks are not extending any credit. “The Reserve Bank of India in April asked all banks to be cautious on telecom. Banks are now not extending any credit,” Ambani told the Reliance Communications (RCOM) annual general meeting here. “The sector […]
New Delhi: Reliance Communications will opt for insolvency proceedings as it failed to sell assets to pay for its debt, the Anil Ambani-led telecom company said Friday. “RCom board of directors decides upon implementation of debt resolution plans through NCLT framework,” the company said in a statement. The Board of Directors of RCom Friday reviewed […]
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