TheNewsClues
Clues by Admin • 3 Aug 2018, Friday
Apple’s shares hit a market cap of $1 trillion on Thursday to become the first publicly traded US company to breach the milestone mark. The tech company had reported robust June-quarter results beating market expectations and said it had ... Continue Reading
Read More at The Hindu
Clues by Admin • 21 Jun 2018, Thursday
Russia’s Sistema JSFC has fully sold its 10% stake in Reliance Communications in multiple tranches over the past few months, becoming the latest foreign operator to exit the troubled Indian telecom market, having lost about $4 billion on its investments.&... Continue Reading
Read More at The Economic Times
Clues by Admin • 31 May 2018, Thursday
The National Company Law Appellate Tribunal (NCLAT) on Wednesday stayed insolvency proceedings against the Reliance Communications (RCom) and its subsidiaries, Reliance Infratel and Reliance Telecom. The move comes a day after RCom agreed to pay Rs 550 crores to Swedish telecom ... Continue Reading
Read More at The New Indian Express
Clues by Admin • 29 May 2018, Tuesday
Reliance Communications Ltd (RCom) has offered to pay Rs 500 crore to Ericsson India Pvt. Ltd to settle a dispute related to unpaid dues of over Rs 1,150 crore. RCom offered to settle the dues during a National Company Law Appellate Tribunal (... Continue Reading
Read More at Livemint
Clues by Admin • 23 May 2018, Wednesday
Reliance Communications has moved the National Company Law Appellate Tribunal (NCLAT), along with its two subsidiaries, Reliance Telecom and Reliance Infratel, challenging the NCLT’s order admitting an insolvency plea filed by Swedish telecom equipment major Ericsson. RCom’... Continue Reading
Read More at MoneyControl
Clues by Admin • 19 May 2018, Saturday
The government has partially relaxed restrictions that barred a company from providing any loan, security or guarantee to a private company in which the former has a common director. Additionally, a company is also restricted from making such advances ... Continue Reading
Read More at The Economic Times
Clues by Admin • 17 May 2018, Thursday
Debt-laden Reliance Communications (RCom) Ltd share price surged over 46% to Rs 15.40 during Thursday trading hours after TV channel BTVI suggested that the company is in talks with Swedish telecom equipment maker Ericsson for settlement. So far this year, it has ... Continue Reading
Read More at Livemint
Clues by Admin • 16 May 2018, Wednesday
In a major setback to Reliance Communication’s (RCom) asset sale deal with Reliance Jio, the Mumbai bench of NCLT today admitted corporate insolvency resolution petition filed by Indian unit of network-equipment maker Ericsson AB against RCom and its ... Continue Reading
Read More at Bloomberg Quint
Clues by Admin • 27 Apr 2018, Friday
A consortium of 30 lenders to Reliance Communications, led by State Bank of India, has urged the bankruptcy court to dismiss Ericsson’s insolvency petition against the telco, saying its Rs18,000 crore asset sale to Reliance Jio was critical to ... Continue Reading
Read More at The Economic Times
Clues by Admin • 26 Apr 2018, Thursday
The Supreme Court directed Reliance Communications (RCom) to pay the spectrum dues of Rs 774 crore by May 2, after RCom moved the apex court to seek extension of time. The Department of Telecom (DoT) opposed granting any extension of time after ... Continue Reading
Read More at The Economic Times
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