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Total 164 results found. Search for [ RCom Chairman Anil Ambani ]

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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


Manu Kaushik
January 7, 2020
The EGM, which is requisitioned (or called) by Gangwal, has sought to delete some articles pertaining to the transfer of equity shares, acquisition of shares, and other provisions on equity shares


Anand Adhikari
New Delhi, January 7, 2020
Even as banks lower their NPAs for the year, new areas of stress are emerging that may create headaches for the financial sector and the RBI


Nevin John
New Delhi, December 19, 2019
Aggregate market value of Reliance Group companies went down to less than Rs 2,400 crore, compared to Rs 7,500 crore about six months ago


PTI
New Delhi, November 29, 2019
The telecom arm of Reliance Industries has placed the highest bidder of around Rs 3,600 crore for mobile tower and optical fibre assets of Reliance Infratel. Reliance Jio did not bid for RCom spectrum


Manu Kaushik
November 27, 2019
The committee of creditors (CoC) has rejected the resignations saying these cannot be accepted. It asked the directors, including Ambani, to perform their duties until the insolvency proceedings are concluded


BusinessToday.In
New Delhi, November 25, 2019
Varde Partners, Bharti Airtel and Reliance Industries, UV Asset Reconstruction Company (UVARCL) are among the main contenders for RCom assets


BusinessToday.In
November 24, 2019
RCom said in a BSE filing that its committee of creditors (CoC) had in their meeting held on November 20 \"expressed a unanimous view that the resignations cannot be accepted\"


BusinessToday.In
New Delhi, November 18, 2019
Weighed down by the development, RCom share price declined over 3 per cent in opening trade to touch an all-time low of Rs 0.57 apiece against previous closing price of Rs 0.59


PTI
November 17, 2019
Bharti Airtel, Bharti Infratel and private equity firm Varde Partners have already submitted their bids for assets of Reliance Communications, while Reliance Jio has sought extension of the asset sale deal deadline by another 10 days.


BusinessToday.In
New Delhi, September 30, 2019
Reliance Capital has decided to shut its two lending arms - Reliance Commercial Finance and Reliance Home Finance -- by December. Both the credit verticals have a cumulative asset of over Rs 25,000 crore


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


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


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


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.


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


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