In a major setback for Reliance Group chairman Anil D. Ambani, the State Bank of India (SBI) has decided to go after him by classifying its loan account of Reliance Communications Ltd. (RCom) as fraud ...

MUMBAI (Reuters) - Indian tycoon Anil Ambani, who controls Reliance Communications (RLCM.NS), is due to hold a media briefing on Friday in a bid to reassure investors after worries over the mobile ...

Some of the triggers that led the State Bank of India to conduct a forensic audit and classify the Reliance Communications loan account as ‘fraud’. 1. Reliance Communications (Rcom) and its two ...

Reliance Communications announced a deal that would see its tower business combine with smaller rival GTL Infrastructure RCom will demerge its tower arm, Reliance Infratel, into GTL Infrastructure and ...

Reliance Communications is going through the corporate insolvency resolution process under the supervision of the Mumbai-bench of National Company Law Tribunal. (Reuters) Reliance Communications’ ...

The lenders to the crippled Reliance Communications (RCom) on Tuesday moved NCLT to appoint a new resolution professional (RP) and form a committee of creditors, the first step to begin the bankruptcy ...

The sale was a result of lenders invoking shares pledged with them. Anil Ambani’s Reliance Communications, which recently had to pay Ericsson dues worth Rs 580 crore, saving its chairman from going to ...

MUMBAI, Oct 2 (Reuters) - Reliance Communications is reassessing debt repayment options after a deal to merge its wireless arm with smaller rival Aircel was scrapped, dealing a fresh blow to the ...

New Delhi: Reliance Communications will shortly move the insolvency tribunal seeking bankruptcy protection as the Anil Ambani-owned company seeks to sell assets, repay lenders and pare its ...

NEW DELHI | MUMBAI: An appellate tribunal has vacated a stay on insolvency proceedings against Reliance Communications (RCom) and its two units, which will make the Anil Ambani-owned telco the second ...

MUMBAI/BEIJING, Nov 28 (Reuters) - Indian telecom player Reliance Communications' (RCom) planned debt restructuring could be complicated by China Development Bank's (CDB) triggering of insolvency ...

After the deal, RCom's interest costs will come down by 85% to just Rs 600 crore a year and will have the lowest debt amongst all telecom companies in India. NEW DELHI: The mobile tower sale deal of ...