Ericsson case: Mukesh Ambani bails out cash-strapped RCom : Bulletin: Business Today
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Ericsson case: Mukesh Ambani bails out cash-strapped RCom

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March 19, 2019

Ericsson case: Mukesh Ambani bails out RCom, Anil Ambani thanks Mukesh and Nita Ambani

Anil Ambani thanked his elder brother and Reliance Industries Chairman Mukesh Ambani for "timely support" as Reliance Communications announced that it has made the payment of Rs 550 crore to Ericsson. RCom had already deposited Rs 118 crore with the Supreme Court, followed up by another Rs 3 crore as penaltyinterest. On Monday, it paid up the balance Rs 458.77 crore to Ericsson.

Fugitive billionaire diamantaire Nirav Modi to be arrested soon, UK court issues warrant

Fugitive diamond merchant Nirav Modi, accusedof masterminding the Punjab National Bank scam last year, is all set to be arrested by the London authorities, suggested media reports. A provisional arrest warrant against billionaire diamantaire has been issued by the Westminster court, top sources told India Today TV. Sources told that absconding diamond merchant can be arrested any moment now by London police and later will be produced before the Westminster Court. However, strict civilian laws in the United Kingdom might allow him to get bail instantly.

Jet Airways' Naresh Goyal writes to staff, assures of early resolution

With the clouds of uncertainty darkening over the survival of his 25-year-old airline, Jet Airways chairman Naresh Goyal Monday sought to reassure the 16,000-strong staff of the efforts to restore the "much-needed stability" in its operations at the earliest. Goyal, in a communication to employees Monday evening also said talks with the airline's strategic partner Etihad Airways and SBI-led lenders are going on. The UAE carrier owns 24 per cent in the airline.

Mumbai bridge collapse: Auditor Neeraj Desai arrested by Police

A structural auditor was arrested Monday in connectionwith last week's foot overbridge collapse that left six people dead, police said. Neeraj kumar Desai's firm had reportedly carried out the structural audit of the bridge and declared it safe for use despite some corrosion in the structure, police said. The bridge linking the bustling CSMT train station collapsed Thursday evening leading to the death of six and leaving 31 injured.

Government warns against fake websites for KUSUM scheme registration

The government Monday cautioned against fake websites claiming to be registration portal for Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) scheme and said such websites may be misusing the collected data. The scheme, formulated by the Ministry of New and Renewable Energy (MNRE), aims to promote the use of solar energy among the farmers.

Facebook removes 1.5 million videos of the Christchurch attack

Facebook has said it has removed 1.5 million videos of the shooting at the mosques in New Zealand's Christchurch from its platform. A total of 1.5 million videos were being removed by the social media platform, out of which 1.2 million were 'blocked' at upload which means they were not being seen by users.

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