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Stock Market Update: In terms of sector, except IT, pharma and PSU banking stocks, all the other indices closed in green.

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

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

This amount is the balance of the bank guarantee for spectrum, to be paid to R-Com by Centre

The arbitration tribunal awarded the case in favour of Reliance Infrastructure and directed DVC to pay Rs 896 crore and return the bank guarantees of Rs 354 crore within four weeks or pay additional interest, at the rate of 15 per cent annually, for any delay in payment beyond four weeks

Share price of Reliance Capital was locked in the 5 per cent upper circuit at Rs 11.90 on the BSE. In the last three trading sessions, the stock of the NBFC firm has hit upper circuit limit of 5 per cent

Share Market Update: Sensex rose to its lifetime high of 41,401 in Tuesday's trade, NSE Nifty cliamed a all-time high of 12,182 today

The UK High Court stated Anil Ambani's defence is inexplicably incomplete, implausible and highly unlikely and will be shown to be opportunistic and false at trial

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

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.

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...

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

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

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

Hiring activity increases 11% in May; IT, BPO, education take the lead: reportHiring activity registered 11 per cent jump in May over the corresponding month last year. This uptick has been fuelled by recruitment activity in the IT-software sector, BPO and education according to the Naukri JobSpeak report. The Naukri JobSpeak Index for May 2019  stood at 2,346, while in May 2018 it was 2,106.Anil Ambani falls off billionaire club; equity wealth crashes from $42 bn to $0.5 bnAnil Ambani, ...

Share Market Update: Top index gainers in NSE pack today were Zee Entertainment, ONGC, YES Bank, Tata Motors and JSW Steel. Top losers of today's closing session were Indiabulls Housing Finance, Sun Pharma, M&M, Dr. Reddy and Tech Mahindra.

Chinese President Xi to meet PM Modi on sidelines of SCO summitChinese President Xi Jinping will attend the Shanghai Cooperation Organisation (SCO) summit this week at Bishkek where he would also meet Prime Minister Narendra Modi, the first meeting between the two leaders after the BJP's massive victory in the general elections. The SCO summit is due to be held on June 13-14 in Bishkek, Kyrgyzstan.Anil Ambani's Reliance Power suffers Rs 2,951 crore loss in FY19Anil Ambani-led Reliance Power, ...

The Sensex, after a better start at 35,555.83, advanced to hit a high of 35,642 amid positive cues from other Asian bourses. However, emergence of selling at every rise wiped off initial gains and the index finally settled 20.92 points, or 0.06 per cent higher at 35,556.

RCom owed nearly one-fourth of its $7 billion total secured debt to CDB, its biggest foreign lender.