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Saturday, April 27, 2024
TopicReliance Communications

Topic: Reliance Communications

SBI-led bank lenders rush to be included in $19 billion recovery case of past dues from telecos

In a plea to SC, lenders said any move to ban bankrupt companies such as Aircel & RCom from selling airwaves, leased from govt, will sink their insolvency resolution process.

SC seeks details of spectrum sharing pact between Reliance Communications & Jio in AGR case

The top court also asked the Department of Telecom to file the requisite documents in this regard and posted the matter for further hearing on 17 August.

Anil Ambani says his net worth is zero, can’t pay Chinese banks back

A London court has ordered Anil Ambani to pay $100 million to three Chinese banks which are seeking $700 million in defaulted loans from his RCom.

Supreme Court rejects Centre’s plea against Rs 104 crore refund to RCom

The telecom disputes tribunal had in December 2018 directed the Centre to return around Rs 104 crore against spectrum charges of Rs 774 crore to Reliance Communications.

Anil Ambani has a $680 million question to answer

The $680 million is the amount Industrial & Commercial Bank of China is seeking to recover from Anil Ambani by invoking a ‘personal guarantee’ he gave in 2012.

Anil Ambani’s loan default testimony ‘implausible and highly unlikely’, London judge says

The setback for Anil Ambani came in a dispute with three Chinese banks seeking $680 million in defaulted loans.

Anil Ambani, 4 others resign from bankrupt Reliance Communications

The resignations come as Reliance Communications faces insolvency proceedings under the Insolvency and Bankruptcy Code.

We’re facing an acute cash crunch, Anil Ambani’s Reliance Naval says

Reliance Naval says cash crunch is impacting progress of existing projects leading to extended timelines & thereby erosion of confidence amongst clients.

Anil Ambani has to now return $2.1 billion to Chinese banks

Anil Ambani’s RCom owes money to China Development Bank, Exim Bank of China & Industrial and Commercial Bank of China.

How Anil Ambani’s bankrupt RCom got entangled in CJI Gogoi sexual harassment controversy

ThePrint traces the RCom-Ericsson saga as the case emerges as the pivot of one of the Supreme Court's biggest crises of faith.

On Camera

Indira, Manmohan, Modi, all raised income inequality. Until Hindu fears took the driving seat

The issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.

Foreign policy resonating among more Indians in 2nd & 3rd tier towns of India, says EAM Jaishankar

Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.

Germany removes restrictions, India can now buy small arms from its firms

Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.