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BusinessToday.In
New Delhi, September 18, 2019
GCX, which owns the world's largest private sub-sea cable system, filed for bankruptcy protection in a US court on September 15 after it missed payments on its $350 million of 7% bonds that matured earlier in August


Manu Kaushik
New Delhi, August 7, 2019
Recent events involving DoT have sparked debate over its overbearing methods of handling the telecom sector and, in a way destroying it rather than promoting it


BusinessToday.In
New Delhi, July 24, 2019
Jio GigaFiber launch: The base plan could be priced at as low as Rs 600 per month along with broadband, IPTV and landline connection.


BusinessToday.In
July 23, 2019
RCom was admitted in the National Company Law Tribunal for insolvency proceedings in February becoming the first Anil Ambani group company to be officially declared bankrupt


Anup Jayaram
New Delhi, July 23, 2019
Like in the case of 3G and 4G deployment, India remains a laggard, with the process of 5G spectrum sale yet to begin; 5G is still at least a couple of years away from deployment in the country


BusinessToday.In
New Delhi, July 17, 2019
The Union Cabinet approved amendments to the Insolvency and Bankruptcy Code (IBC) to adhere to strict timelines and maximise the value of insolvent company from the resolution plan


BusinessToday.In
New Delhi, July 17, 2019
Reliance Brands will bring iconic jewellery brand Tiffany & Co and luxury women lifestyle label Tory Burch to India. Both brands will be launched at the upcoming Jio World Centre Mall in Mumbai


BusinessToday.In
New Delhi, July 17, 2019
Christine Lagarde resigns as IMF chief, Air India to save Rs 20 lakh on every US flight after Pakistan opens airspace, Azim Premji writes last letter to shareholders, unveils Wipro's 4 big bets to drive future growth and other news on News Blast.


BusinessToday.In
New Delhi, July 17, 2019
Lenders plan to call bids for Jet Airways' asset sale by July 20The lenders to the bankrupt Jet Airways, who met here Tuesday for the first time since the carrier was sent to the NCLT, are understood to have decided to call for expressions of interest to sell the meager assets of the airline by Saturday. The insolvency resolution professional for the airline Ashish Chhawchharia and the lenders led by State Bank will be laying down the bidding criteria, a source told PTI.Mukesh Amb...


Nevin John
July 16, 2019
In March, with a dramatic intervention, Mukesh Ambani saved his younger brother from imprisonment by paying the dues of Rs 580 crore owed by Anil's firm to the Swedish telecom equipment maker Ericsson


BusinessToday.In
New Delhi, July 10, 2019
The probe flags transactions worth Rs 5,500 crore in the books of Reliance Communications, Reliance Telecom and Reliance Telecom Infrastructure; RCom denies the allegations


PTI
July 2, 2019



BusinessToday.In
July 1, 2019
However, if sold, the 700,000 sq ft property belonging to Reliance Group Chairman Anil Ambani which is located on Mumbai's Western Express Highway, could fetch up to Rs 1,500-2,000 crore.


BusinessToday.In
New Delhi, June 19, 2019
Trump to hold extended talks with Xi on sidelines of G20 in Japan, Chinese banks seek Rs 14,775 crore from Anil Ambani's RCom, Facebook takes aim at e-commerce with Libra cryptocurrency and other news on News Blast.


BusinessToday.In
New Delhi, June 19, 2019
Day after lenders move NCLT, tribunal to hear Jet Airways case todayThe National Company Law Tribunal (NCLT) will hear Jet Airways' insolvency case today after the SBI-led consortium of 26 banks took the beleaguered airline to the tribunal to recover their dues of over Rs 8,500 crore. The lenders have been trying to sell the airline for the past five months but failed to find a buyer.Chinese banks seek Rs 14,775 crore from Anil Ambani's RComChinese banks, including China Developme...


Reuters
New Delhi, June 19, 2019
The former foreign minister was far ahead of the rest of the pack, stretching a lead which, for many, makes Johnson the all but inevitable victor to replace Prime Minister Theresa May and take on Britain's so far ill-fated Brexit negotiations


PTI
New Delhi, June 18, 2019
The decision of the lenders to seek bankruptcy comes exactly two months after the airline stopped flying on April 17, after being on the fringe since last July


PTI
New Delhi, June 18, 2019
In April last year, the RBI had asked payment firms to ensure their data are stored exclusively on local servers, setting a tight six-month deadline for compliance


BusinessToday.In
New Delhi, June 18, 2019
The Anil Ambani headed company borrowed Rs 9,863.89 crore from China Development Bank, which happens to be the biggest creditor to the debt-laden telecom company


BusinessToday.In
New Delhi, June 18, 2019
Extending previous session losses, Reliance Infrastructure share price declined as much as 16.90 per cent to hit a record low of Rs 46.95 on the BSE


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