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RCom initiates process to monetise real estate assets

RCom initiates process to monetise real estate assets

Anil Ambani-led Reliance Communications on Wednesday said it has started the process to monetise its real estate assets in Delhi and Mumbai as part of its efforts to pare debt.

Anil Ambani not to draw RCom Chairman's salary in 2017-18

Anil Ambani not to draw RCom Chairman's salary in 2017-18

Telecom major Reliance Communications (RCom) Chairman Anil Ambani has voluntarily decided to forego his salary and commission from the company during the current financial year as part of its "strategic transformation programme", RCom announced on Wednesday.

Relationship with brother cordial: Anil Ambani

Relationship with brother cordial: Anil Ambani

Reliance Communications Chairman Anil Ambani on Friday said his relationship with his brother Mukesh Ambani is cordial and all speculations to the contrary are unnecessary even as their telecom ventures will continue to be separate entities despite business ties.

RCom gets 7 months to service debt; to cut burden by 60%

RCom gets 7 months to service debt; to cut burden by 60%

Debt-laden Reliance Communications on Friday said its lenders have agreed to a strategic restructuring plan under which it will get a 7-month standstill to service loans amounting to Rs 45,000 crore.

RCom bond sell-off gathers pace after Moody's rating cut

RCom bond sell-off gathers pace after Moody's rating cut

A sell-off in Reliance Communications Ltd`s bonds accelerated on Wednesday after rating agency Moody`s cut its rating on the company deeper into junk territory, underscoring the extent of its debt woes.

Moody's downgrades RCom; Company says will clear debt by September 30

Moody's downgrades RCom; Company says will clear debt by September 30

Moody's Investors Service has downgraded Reliance Communications' corporate family rating and senior secured bond rating on account of weak performance and "fragile" liquidity position.

RCom shares hit record low on fourth-quarter loss, debt woes

RCom shares hit record low on fourth-quarter loss, debt woes

Shares of mobile carrier Reliance Communications Ltd fell as much as 20 percent to an all-time low on Monday, after it reported a USD 150 million fourth-quarter loss and worries about its heavy debt load resurfaced.

Anil Ambani gets a seat on Atlantic Council advisory board

Anil Ambani gets a seat on Atlantic Council advisory board

He joins News Corp Chairman Rupert Murdoch, former Spanish prime minister Jose Maria Aznar, Airbus CEO Thomas Enders and former Australian prime minister Kevin Rudd, among others, on the board.

Amitabh Bachchan fans throng in large numbers to see their favourite star

Amitabh Bachchan fans throng in large numbers to see their favourite star

Amitabh Bachchan fans in the city were disheartened as the megastar chose to stay inside the hotel and did not make an appearance for them.

Anushka Sharma, Virat Kohli to get engaged on THIS date?

Anushka Sharma, Virat Kohli to get engaged on THIS date?

A picture of Virat and Anushka recently went viral on the social media claiming that the duo is currently holidaying in Dehradun.

Rcom-Aircel merger: Biggest consolidation deal in India's telecom sector

Rcom-Aircel merger: Biggest consolidation deal in India's telecom sector

Termed as the biggest consolidation deal in the telecom space of India, Reliance Communications and Aircel merged their wireless operations on September 14 to give birth to an entity with assets worth Rs 65,000 crore.

ZEEL to acquire Anil Ambani's general entertainment TV Channels

ZEEL to acquire Anil Ambani's general entertainment TV Channels

The  TV  Broadcasting  business  of  Reliance  Group  Entities currently  comprises  two  operational  general entertainment channels (“BIG Magic” and “BIG Ganga”) and 4  other TV licenses.

Reliance Infrastructure to sell power transmission biz to Adani for Rs 2,000 crore

Reliance Infrastructure to sell power transmission biz to Adani for Rs 2,000 crore

Reliance Infrastructure Ltd Wednesday said it has signed a binding term sheet agreement to sell its power transmission assets to Adani group firm ATL for over Rs 2,000 crore to cut debt.

Anil Ambani' Reliance Group signs deal worth Rs 30,000 cr with Rafale-maker Dassault Aviation

Anil Ambani' Reliance Group signs deal worth Rs 30,000 cr with Rafale-maker Dassault Aviation

In one of the largest offsets deals in India`s defence space, potentially valued at some Rs 30,000 crore (USD 4.5 billion), Anil Ambani-led Reliance Group on Monday announced a new venture with Dassault Aviation of France, the makers of Rafale fighters and Falcon business jets.

Ambani and other corporate India NextGen join crorepati club –Know how much they earn

Ambani and other corporate India NextGen join crorepati club –Know how much they earn

From Ambanis and Adanis to Premjis and Khorakiwalas, several generation-next leaders of India's leading family-run businesses have joined crorepati club when it comes to their salaries and other perks.

Reliance Jio, Reliance Communications virtual merger accomplished: Anil Ambani

Reliance Jio, Reliance Communications virtual merger accomplished: Anil Ambani

Reliance Communications Chairman Anil Ambani on Tuesday said the company had all the spectrum needed to offer good-quality telecom services across 2G, 3G and 4G space, and that a virtual merger with Reliance Jio had now been effected.

Will try to trim RCom debt by 75% in 12 mths: Anil Ambani

Will try to trim RCom debt by 75% in 12 mths: Anil Ambani

Grappling with mountain of debt, Reliance Communications said it is planning to pare the Rs 42,650-crore burden by up to 75 percent over the next one year.

RCap eyes consumer lending growth; home finance listing by Apr

RCap eyes consumer lending growth; home finance listing by Apr

Betting big on the financial sector, industrialist Anil Ambani said Reliance Capital expects to list its home finance arm separately by April 2017 while commercial lending and insurance arms can also be listed separately at an "appropriate time".

'Anmol Effect' has brought good luck to Reliance Capital shares: Anil Ambani

'Anmol Effect' has brought good luck to Reliance Capital shares: Anil Ambani

 Introducing son Anmol as a new director on Reliance Capital's board, Chairman Anil Ambani said he has brought "tremendous luck" with a 40 percent surge in share price since his induction and hoped that the 'Anmol Effect' will continue further.

Anmol has brought 'tremendous luck' with 40% rise in RCap stock: Anil Ambani

Anmol has brought 'tremendous luck' with 40% rise in RCap stock: Anil Ambani

Anmol has brought 'tremendous luck' with 40 percent rise in Reliance Capital stock since his induction, company's Chairman Anil Ambani said Tuesday.