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PTI
May 23, 2020
A spokesperson for Anil Ambani said the matter pertains to an alleged personal guarantee for a corporate loan availed by Reliance Communications Limited (RCom) in 2012 for global refinancing


Jimeet Modi
April 2, 2020
During such stressful times, investors generally make the mistake of buying low priced stocks or end up investing in cheap cyclical stocks which is the worst mistake they make


BusinessToday.In
New Delhi, March 5, 2020
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report


BusinessToday.In
New Delhi, March 4, 2020
Allcargo Logistics has received SEBI approval on its open offer to acquire approximately 3.17 crore shares or 26% stake in Gati at Rs 75 a share


BusinessToday.In
New Delhi, March 4, 2020
UV Asset Reconstruction Company has placed bids worth Rs 14,700 crore for assets of RCom and Reliance Telecom, while Mukesh Ambani's Reliance Jio has made an offer of Rs 4,700 crore for tower and fibre assets of Reliance Infratel


BusinessToday.In
February 24, 2020
According to sources, Reliance Communications' (RCom) committee of creditors (CoC) will vote on asset bids (received from UVARC and Reliance Jio) from which the lenders are likely to recover nearly Rs 23,000 crore


Nevin John
February 13, 2020
Last week, Ambani told a London court that he has no meaningful assets to liquidate, after he was ordered to set aside $100 million in his dispute with three Chinese banks


PTI
February 8, 2020
The Reliance Group indicated that it plans to appeal against a UK court ruling that asked Anil Ambani to pay USD 100 million towards a conditional order granted to 3 Chinese banks pursuing the recovery of approx USD 680 million


BusinessToday.In
New Delhi, February 7, 2020
Case pertains to a loan worth $925 million given to Ambani's now bankrupt Reliance Communications in February 2012; RCom repaid a portion of the loan, but defaulted on its payment obligations in February 2017


BusinessToday.In
New Delhi, January 16, 2020
While Reliance Jio and Airtel's subscriber base increased 1.54 per cent and 0.51 per cent, respectively, Vodafone Idea's user base shrunk 9.77 per cent in the period


BusinessToday.In
January 16, 2020
The statement was made in response to a reporter's question: \"If you were to suggest following the Indonesian practice for the rupee which God you will choose?\"


Nevin John
New Delhi, January 15, 2020
Ritesh Aggarwal, Chief Financial Officer of UVARC says the company has over Rs 1,000 crore worth of assets under management, and that the CoC of Aircel has approved UVARC's takeover plan


BusinessToday.In
New Delhi, January 15, 2020
Amazon Inc CEO Jeff Bezos visited Mahatma Gandhi's memorial in Delhi soon after he landed in India. Posting a video on Twitter, the world's richest man wrote he paid respects to \"someone who truly changed the world\"; Anil Ambani's bankrupt telecom company Reliance Communications (RCom) and its subsidiaries have finally received bids worth Rs 25,000 crore for its assets from his brother Mukesh Ambani's Reliance Jio Infocomm (RJio) and UV Asset Reconstruction Company (UVARCL); Aditya Birla Group Chairman Kumar Mangalam Birla, in a personal LinkedIn blogpost, has said that tensions between nationalism and globalisation will be the most defining trends of the current decade. \"While the march of globalisation is perhaps inevitable, what is certain is that the world is no longer flat,\" stated the billionaire businessman. This and more news on News Blast.Also read: No Indian company in US top 100 patent list; China the rising star


BusinessToday.In
New Delhi, January 15, 2020
'Will ensure Air India keeps operating uninterruptedly,' says Aviation MinistryThe Ministry of Civil Aviation said on Tuesday that it would make sure that Air India continues to operate 'uninterruptedly'. The ministry said that it aims to improve the airline's operations as the government plans to go ahead with Air India's disinvestment process. Aviation minister Hardeep Singh Puri had also said last year that it would be difficult to run the airline without privatising it.As comp...


BusinessToday.In
New Delhi, January 14, 2020
UVARC has reportedly placed bids worth Rs 16,000 crore for spectrum, real estate assets and data centres of RCom and Reliance Telecom Ltd, while RJio placed bids worth Rs 4,700 crore for tower and fibre assets of Reliance Infratel Ltd


PTI
January 12, 2020
As part of the debt resolution process, lenders of the Reliance Home Finance, which had defaulted on some debt repayment obligation following the crisis in shadow banking industry, appointed Grant Thornton in August 2019 for forensic audit


BusinessToday.In
January 10, 2020
Share Market Update: In terms of sector, except private banking, all the other indices traded higher today, with metal and realty indices gaining 1% each.


BusinessToday.In
January 9, 2020
Share price of Prince Pipes rose up to 10.37% or 15.9 points to Rs 169.10 compared to the previous close of Rs 153.20 on BSE


BusinessToday.In
January 9, 2020
Share price of Bharti Airtel opened with a gain of 2.63% on Thursday and later touched an intraday high of Rs 474.05, rising 3.29% on BSE.


BusinessToday.In
January 9, 2020
Sensex and Nifty turned volatile on Wednesday amid rising tension between US and Iran but Trump's positive comments helped markets worldwide to erase losses and trade in green


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