Ambani has always been of \"simple tastes\" contrary to the overstated impressions of his ostentatious and extravagant lifestyle, a spokesperson for the former billionaire said in a statement

After the hearing, a spokesperson said that contrary to exaggerated perceptions of his flamboyance and lavish lifestyle, Anil Ambani has always been a simple man of simple tastes

Bankim Thanki, who represented three Chinese banks, said list of his witnesses and assets provided by Ambani was incomplete; he even pointed out to shopping done by Ambani using his credit card from luxurious stores like Harrods, Dolce and Gabbana and Harvey Nichols

The Supreme Court had asked telcos to make 10 per cent of the upfront payment of their dues by March 31, 2021 to the DoT, while the remaining to be paid over 10 year period starting April 1, 2021

Although the telecom operators maintain that they have already paid off more than 10 per cent of their AGR dues, the DoT is of the view that they are required to pay it (10% amount) by March 31, 2021

Supreme Court says Delhi High Court can take up issue on October 6 and state-owned lender can also seek removal or modification of stay order

State Bank of India had invoked personal guarantee against Anil Ambani in January 2018 and issued a notice to him. The lender had provided credit facilities of Rs 565 crore and Rs 635 crore to RCom and RITL

India Stock Market Highlights Today: Titan, followed by Sun Pharma, HDFC, ICICI Bank, Bajaj Finance, NTPC, HDFC Bank and M&M were among the major gainers on Sensex pack today. On the other hand, Tech Mahindra, HCL Tech, Kotak Bank, ITC and Bharti Airtel were among the laggards

The agencies believe that since Airtel is not required to make lumpsum AGR payment to Department of Telecommunications, the telco can use some of its recently-raised funds to deleverage

Srinivas has 24 years of experience in senior sales and marketing roles at several companies such as Reebok, Unilever, and Ola

Share market live: Top Sensex losers are IndusInd Bank, PowerGrid and Asian Paints falling over 1%

Share price of Vodafone India gained 30% intra day to Rs 12.88 against previous close of Rs 9.91 on BSE

Vodafone Idea's stake-sale talks had been paused pending the outcome of a court hearing in India, which created uncertainty and could have threatened Vodafone Idea's survival

AGR hearing today: The Supreme Court has said the telecom companies have to pay 10 per cent of total pending dues upfront

Justice Arun Mishra-led three-judge bench will pronounce its judgment on adjusted gross revenue (AGR) case at 11:30 am on September 1

Court asks Ambani not to dispose of or transfer any of his assets; says insolvency against him should continue as before and that liabilities as personal guarantor can also be examined during resolution process

Anil Ambani bankruptcy: Anil Ambani's companies have faced a series of challenges and roadblocks. While some are said to have been brought on by executional shortcomings, some appear to be bad timing

The bench hearing the AGR case has outlined three areas on which it would pass the judgement, and the next few days, particularly before September 2, are going to be pretty intense for the entire sector

Department of Telecommunications told the Supreme Court today that the guidelines mandate that all liabilities including AGR-related dues should be cleared by telecom firms prior to spectrum trading

The apex court has directed the Department of Telecommunications (DoT) to furnish the list of companies that had been using the spectrum since the day they got them