Anil Ambani

RInfra moves MERC for sale approval of Mumbai power biz to ATL

RInfra moves MERC for sale approval of Mumbai power biz to ATL

In December last year, RInfra signed a definitive binding agreement for 100 per cent sale of its Mumbai power business with Adani Transmission for a total deal value of Rs 13,251 crore.

Jan 09, 2018, 17:11 PM IST
RCom shares extend rally; zoom over 25% on debt reduction announcement

RCom shares extend rally; zoom over 25% on debt reduction announcement

The stock had gained nearly 32 percent in the previous session also.

Dec 27, 2017, 14:52 PM IST
RCom announces debt revival plan, stock zooms 35%

RCom announces debt revival plan, stock zooms 35%

Announcing the resolution plan, company chairman Anil Ambani told reporters that the new plan has the support of a Chinese lender that had dragged it to the NCLT for dues running into USD 1.8 billion, and would see RCom bringing down its mountain of debt by Rs 25,000 crore.

Dec 26, 2017, 16:16 PM IST
Anil Ambani Group sues Congress leader Abhishek Manu Singhvi for Rs 5,000 crore

Anil Ambani Group sues Congress leader Abhishek Manu Singhvi for Rs 5,000 crore

Singhvi had attacked Finance Minister Arun Jaitley contending that he was "fooling" people by saying the government had not waived loans of big defaulters.
 

Dec 15, 2017, 17:19 PM IST
RCom debt restructuring clouded by China Development Bank's insolvency action

RCom debt restructuring clouded by China Development Bank's insolvency action

RCom, backed by billionaire Anil Ambani, has struggled with its heavy debt load and a string of losses, leading to a partial shutdown of its operations.

Nov 28, 2017, 19:38 PM IST
Anil Ambani-led Reliance group of cos' shares recover

Anil Ambani-led Reliance group of cos' shares recover

Reliance Communications shares today surged by 16.26 per cent to settle at Rs 11.80 apiece on the BSE.

Nov 16, 2017, 18:55 PM IST
RCom, GCX ratings unaffected by debt restructuring plan: Fitch

RCom, GCX ratings unaffected by debt restructuring plan: Fitch

The ratings on GCX are driven by its "relatively weak" trading position and its liquidity, it said cautioning that reduction of its cash balance to below USD 40 million could lead to negative rating action.

Nov 01, 2017, 17:19 PM IST
Lenders to take 51% stake in RCom post debt conversion

Lenders to take 51% stake in RCom post debt conversion

The firm will sell telecom tower and real estate businesses to pay off Rs 27,000 crore out of Rs 45,000 crore of debt on its book, RCom said in a statement.

Oct 30, 2017, 20:35 PM IST
Reliance General Insurance files draft papers for IPO

Reliance General Insurance files draft papers for IPO

Reliance General Insurance, which received in-principle approval from insurance sector regulator IRDAI last month for the IPO, expects to get listed in the current financial year.

Oct 09, 2017, 15:58 PM IST
RCom scrapping merger plan with Aircel credit negative: Moody's

RCom scrapping merger plan with Aircel credit negative: Moody's

On Sunday, RCom announced that the agreement had lapsed owing to legal and regulatory uncertainties, objections by interested parties and delays in receiving relevant approvals.

Oct 05, 2017, 14:05 PM IST
Reliance Capital AGM: Anmol Ambani's first public speech after taking office

Reliance Capital AGM: Anmol Ambani's first public speech after taking office

Anmol Ambani, son of industrialist Anil Ambani talked about helping make the 'Big Indian Dream' a reality at the 31st Reliance Capital AGM on Tuesday.

Sep 26, 2017, 22:21 PM IST
Anil Ambani says telecom sector in ICCU, warns of monopoly

Anil Ambani says telecom sector in ICCU, warns of monopoly

He also promised to get RCom out of its difficulties by March 2018, saying its lenders are supportive of all its actions.

Sep 26, 2017, 20:21 PM IST
Reliance Infra to participate in bullet train project

Reliance Infra to participate in bullet train project

According to Ambani, the company is focusing on the EPC (engineering, procurement, construction) segment.

Sep 26, 2017, 18:51 PM IST

Telecom sector under stress, banks not lending: Anil Ambani

He said the telecom sector needed a minimum of Rs 100,000 crore a year to expand and maintain quality of service.

Sep 26, 2017, 18:43 PM IST
Rpower 750MW LNG proj to achieve financial closure in FY18

Rpower 750MW LNG proj to achieve financial closure in FY18

Reliance Power has signed an MoU with the Bangladesh government to develop 3,000 MW LNG project in Meghnaghat and 500 mmscfd LNG Terminal at Qutubdia Island in Bangladesh.

Sep 26, 2017, 18:28 PM IST
Overseas roadshow for Reliance Nippon Life AMC's IPO begins

Overseas roadshow for Reliance Nippon Life AMC's IPO begins

It would be the first initial share sale by a major asset management company (AMC) in India though smaller rival UTI Mutual Fund's IPO plans have been in the works for a long time.

Sep 11, 2017, 15:37 PM IST
Reliance Nippon Life AMC files IPO papers; eyes Rs 18K crore valuation

Reliance Nippon Life AMC files IPO papers; eyes Rs 18K crore valuation

It would be the first initial public offering by a major asset management company (AMC) in India, though smaller rival UTI Mutual Fund's IPO plans have been in the works for a long time.

Aug 18, 2017, 19:07 PM IST
Reliance Jio effect: RCom offers unlimited data, calls and texts at just Rs 299

Reliance Jio effect: RCom offers unlimited data, calls and texts at just Rs 299

RCom has announced its all-new Rs 299 rental plan offering unlimited calls, texts, and data to its subscribers.

Aug 10, 2017, 11:06 AM IST
Reliance Communications withdraws from AUSPI membership

Reliance Communications withdraws from AUSPI membership

RCom sent its letter to the Association of Unified Telecom Service Providers of India (AUSPI) to withdraw from the membership of the body recently, sources said.

Aug 03, 2017, 23:52 PM IST
Reliance Jio Impact: RCom offers 1GB 4G data/day for a year at Rs 500 per month

Reliance Jio Impact: RCom offers 1GB 4G data/day for a year at Rs 500 per month

Know the details of the RCom offer.

Aug 02, 2017, 13:23 PM IST