Articles about Reliance Communications

Reliance Group chairperson Anil Ambani resigned as the director of Reliance Power and Reliance Infrastructure on Friday, following the Securities and Exchange Board of India's order (SEBI) prohibiting him from associating with any listed company.

In a bid to recover debt from Indian tycoon owners of bankrupt companies, creditors are now looking at their personal possessions.

Anil Ambani, the chairman of Reliance Communications, may have fallen out of the billionaire club.

On Wednesday, the Supreme Court, while hearing Ericsson's case against Anil Ambani-led Reliance Communications for non-clearance of dues, found Ambani guilty of contempt.

Senior Congress leader Kapil Sibal changed gears on Tuesday as he defended and attacked businessman Anil Ambani just minutes apart, prompting BJP to slam him.

The Supreme Court today adjourned for tomorrow the hearing on a contempt notice issued to Reliance Communication Ltd (RCom) Chairman Anil Dhirubhai Ambani and others on a plea filed by Ericsson India for allegedly not clearing its dues of Rs. 550 crore.

The Election Commission of India today maintained that Electronic Voting Machines (EVMs) used in India are foolproof and cannot be tampered with.

Billionaire Anil Ambani today announced that the cash-strapped Reliance Communications will be completely exiting the telecom business to concentrate on real estate in future.

The Telecom Regulatory Authority of India (TRAI) has drafted new norms which, if passed, will make mobile number portability a simpler, hassle-free, and fast process.

As expected, Mukesh Ambani's Reliance Jio is taking over the wireless assets of his brother Anil's Reliance Communications, which is burdened with a massive Rs. 45,000cr-debt.

Anil Ambani-owned Reliance Communications has announced it would exit the ongoing Strategic Debt Restructuring (SDR) scheme of its lenders by selling its Rs. 25,000cr-worth telecom assets, including towers, spectrum and optical fiber by Mar'18.

Mahesh Bhupathi and Lara Dutta, brand ambassadors of Gitanjali Gems, have taken the company to insolvency as operational creditors.

There's more trouble brewing for Anil Ambani's debt-ridden Reliance Communications as China Development Bank (CDB) filed an insolvency case against it.

Mukesh Ambani's Reliance Industries recently raised $800-million (Rs. 51.66-billion) -to reduce its massive debt of Rs. 2.14-trillion to some extent- through the sale of 10-year bonds overseas at the cheapest rate for a non-financial Indian issuer.

Thousands of people working in India's telecom industry are grappling with massive job losses. The sector lost a fourth of its three-lakh workforce in the last 12 months.

The Anil Ambani-owned Reliance Communications has reportedly decided to shut down its 2G mobile services within a month and terminate thousands of employees by 30 November.

Due to the disruption caused by Jio in the already financially strained telecom sector, some players decided to merge in order to survive.

Content firms have said that the demand for a revenue-sharing model by the telcos like Airtel, Telenor and Reliance Communications, was "unfair and unreasonable" and went against the foundations of net neutrality.

Jio has unleashed a bloodbath in the industry. In the latest offer in the market, Reliance Communications is selling a 4G SIM card plus a Wi-Pod dongle plus a whopping 1GB data per day for a year, all at Rs. 5,199.

The country's apex audit body Comptroller and Auditor General of India (CAG) said six private telecom players understated revenues of Rs. 61,065cr over five years (FY 2011-15).

Among the 199 complaints received from consumers by Advertising Standard Council of India (ASCI) against companies showcasing misleading ads, as many as 130 advertisements have been upheld.

Anil Ambani-led Reliance Communications Limited is looking to snag buyers or jointly develop the massive 133 acre Dhirubai Ambani Knowledge centre (DAKC), reports said.

There will be a general consensus if one says that the history of Indian telecom can now be broken down into two very distinct time frames, one that was before Jio and the other after Jio.

According to the latest report by telecom regulator TRAI, Reliance Jio broke its erstwhile record of 18.48 Mbps and clocked in a high download speed of 19.12 Mbps, topping the 4G network speed chart for the month of April.

In his media briefing today, Anil Ambani announced that the merged entity of RCom and Aircel has been named Aircom. RCom will hold 50% stake in the newly formed company.

This could have been the premise of a Bollywood potboiler but it isn't.

Reliance Communications has said the Competition Commission of India has approved the de-merger of its wireless division into Aircel Ltd and Dishnet Wireless Ltd.

The long-awaited Vodafone-Idea merger has been announced, with the former holding 45%. Idea promoters will own 26%.

The SC has refused to probe P. Chidambaram's role in the 2006 Aircel Maxis deal at this stage, giving BJP leader Subramanian Swamy two weeks to present credible evidence of illegality allegedly committed by Chidambaram.

Aditya Birla Group chairman Kumar Mangalam Birla is expected to lead the entity created if Vodafone and Idea were to merge.

A livid SC bench threatened to end the proposed merger of Aircel with Reliance Communications and to sell the spectrum allocated to Aircel.

The Enforcement Directorate (ED) today moved the Supreme Court against a trial court's decision to acquit the Maran brothers in the Aircel-Maxis case.

A special court on Thursday acquitted all those who were accused in the Aircel-Maxis case, including former Telecom Minister Dayanidhi Maran and his brother Kalanithi Maran.

On Monday, Telecom operator Vodafone confirmed its participation in exploratory discussions for a merger with the Aditya Birla Group's telecom operator Idea Cellular.

Telecom operator Aircel has asked the SC not to halt its operations in the country, saying it had no control over the actions of its parent company Maxis, and its promoter T Ananda Krishnan.

Telecom secretary J.S. Deepak stated that due to structural changes and consolidation, the telecom spectrum holding for all operators will rise to 40MHz from 18MHz in 2017.

Reliance Communication's deal with asset management group Brookfield Infrastructure to sell its tower business hardly excited any investors.

RCom's recent disclosure of a non binding term sheet with Brookfield Infrastructure for RCom's tower assets has drawn flak from investors.

Reliance Communications (RCom) has agreed to sell a majority stake in its mobile phone tower business.