Telecom equipment maker Ericsson received 4.62 billion rupees ($67.42 million) from RCom as unpaid dues.
19 Mar 2019 10:44 AM
The Supreme Court had last month held Ambani in contempt for not paying Ericsson's dues despite promising to do so.
19 Mar 2019 2:11 AM
Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.
18 Mar 2019 6:05 PM
The repeated failure to comply and Ambani's personal guarantee landed him in trouble last month,
18 Mar 2019 3:44 PM
BSNL has already invoked bank guarantee of around Rs 100 crore submitted by RCom for default on payments, said sources.
17 Mar 2019 1:19 PM
Apex court has asked RCom group to pay Rs 453 crore in four weeks, by March 19, failing which Ambani will have to go to jail.
16 Mar 2019 10:51 AM
Reliance Infrastructure will utilise proceeds of this transaction entirely to reduce its debt, it said in regulatory filings.
15 Mar 2019 12:47 PM
Company has been reeling under a debt of around Rs 47,000 crore and has opted for invoking bankruptcy proceedings.
14 Mar 2019 9:11 AM
RCom has been asked by both the Supreme Court and the NCLAT to pay Rs 550 crore to Ericsson.
14 Mar 2019 8:48 AM
The NCLAT has asked all the lenders to file a two-page note over that and directed to list the matter on Tuesday.
12 Mar 2019 8:53 AM
The Anil Ambani group-run company is sitting on a debt of over Rs 18,000 crore.
07 Mar 2019 1:07 PM
Venugopal said those who put documents on Rafale deal in public domain guilty under Official Secrets Act and contempt of court.
06 Mar 2019 9:40 AM
Gandhi said, 'It is matter of shame that IAF protects country but PM steals money from the Air Force and puts it in Ambani’s pockets.'
02 Mar 2019 5:03 PM
Slamming PM, party chief Rahul Gandhi Friday said Modi can’t refrain from engaging in public relations exercise 'even for five minutes'.
02 Mar 2019 8:47 AM
India’s image as a business destination tends to get sullied by the reluctance of major industrialists when it comes to accountability.
22 Feb 2019 12:43 AM
Gandhi's renewed attacks signal a change in stance after BJP leaders including Amit Shah took digs at Cong after Pulwama attack
21 Feb 2019 2:32 PM
RCom is confident of raising the balance approximately Rs 200 crore for payment to Ericsson
21 Feb 2019 12:22 PM
Reliance Communications chief faces 3-month jail if he doesn’t pay within 4 weeks
21 Feb 2019 1:51 AM
Apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks.
20 Feb 2019 12:54 PM
After hearing, RCom’s advocate Mukul Rohatgi, said he respects SC decision and will honour the directions on payment of dues to Ericsson.
20 Feb 2019 11:00 AM