The equity benchmark Sensex on Thursday hit its lowest level in three months, crashing over 806 points to close below the 35,200-level as concerns over weakening rupee and rising crude oil prices spooked investors.

The firm said it had challenged the security sought for the alleged demands by the Telecom Department with regard to spectrum usage charges.

The Anil Ambani promoted RCom noted it had challenged the \"unjustly sought security for the alleged demands\" by the Telecom Department with regard to spectrum usage charges.

In its plea, RCom cites its spectrum sale to Reliance Jio could not be completed due to factors beyond its \"control\", blaming the DoT for creating hurdles in its spectrum sale to Reliance Jio.

Reliance Communications said on Tuesday it has sought another 60 days for repayment of Rs 550 crore to unsecured creditor Ericsson, as its spectrum sale could not be completed due to factors beyond its control.

Paytm parent One97 Communications has moved insolvency court against Reliance Telecom citing non-payment of dues.

Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost sales; RCom to exit telecom fully to focus on realty: Anil Ambani; Sebi eases rules to woo foreign funds; move aims to arrest rupee fall, stock market volatility; CCI imposes total penalty of Rs 38 crore on 18 sugar mills; PNB fraud: ED eyes Nirav Modi's Rs 4,000 crore worth of foreign assets. Watch more in this episode of Business Wrap.

Anil Ambani on Tuesday said there has been a 'creative destruction' of the telecom sector that has resulted in creation of oligopoly which is going towards a duopoly and may be even a monopoly in the future.

Ahead of festive showdown, Flipkart pumps in Rs 3,463 crore to boost salesFlipkart is aiming at achieving 50 per cent of all smartphone sales during the upcoming festive month. Keeping the ambitious plan in mind, Flipkart has pumped in Rs 3,463 crore into its online marketplace, Flipkart Internet. This is the first biggest capital infusion by the Walmart-backed e-commerce giant ever since the US-based retail behemoth acquired a majority stake in the company. RCom to exit tele...

Anil Ambani said that the first priority for RCom, which is credited for democratising telecom services through cheaper offers in early 2000s, is to resolve its over Rs 40,000 crore debt.

Reliance Communication is racing against time to conclude the deal with Reliance Jio to sell its wireless business, towers, fibre and media nodes, for about Rs18,000 crore.

Anil Ambani-led Reliance Communications (RCom) today said it has completed the planned sale of optical fibre assets worth Rs 3,000 crore, to Mukesh Ambani-backed Reliance Jio Infocomm (RJIO).

The transaction entailed 248 nodes covering close to 5 million sq. ft. of area, used for hosting the telecom infrastructure, all of which now stands transferred to Jio, RCom said in a statement.

At 9:56 am, the Sensex was trading 117 points higher at 38,004 level.  Meanwhile, the Nifty inched closer to the 11,500 level,  rising 45 points from its previous close. It hit all time high of 11,495 level.

The court asked RCom to pay Rs 550 crore to Ericsson by October 1. It also directed Anil Ambani to give an undertaking to pay the amount to Ericsson.

The scale of value destruction in the telecom sector has been huge. Only sensible policies and practices can save it now.

The stock opened with a gain of 10% today. The stock is down 7.50% during the last one year. It has fallen 48.92% since the beginning of this year.