RCom

Thursday, Apr 25, 2024 | Last Update : 04:42 PM IST

A bench of justices R F Nariman and S Ravindra Bhat said, 'We don't find any merits in the appeal'.

SC rejects Centre's plea challenging refund of Rs 104 cr ordered by TDSAT to RCom

The Department of Telecom has already adjusted Rs 30.33 crore.

07 Jan 2020 11:16 AM

The shares have hit upper price band on the stock exchanges.

RCom shares hit upper circuit for 6th time; gain over 42 pc in 9 sessions

On the BSE, the stock settled 3.85 per cent up at 81 paise.

29 Nov 2019 4:53 PM

Varde Partners, Bharti Airtel and Reliance Industries, UV Asset Reconstruction Company (UVARCL) are among the main contenders for RCom assets, sources said. (Photo: File | PTI)

RCom shares rally 6 pc to hit upper circuit on asset sale buzz

On the BSE, Reliance Communications's shares rose 4.55 per cent to 69 paise apiece.

25 Nov 2019 11:46 AM

Anil Ambani along with four directors -- Ryna Karani, Chhaya Virani, Manjari Kacker and Suresh Rangachar -- had resigned from Reliance Communications (RCom) earlier this month. (Photo: File | PTI)

RCom lenders reject resignation of Anil Ambani, 4 other directors

Reliance Communications had posted a consolidated loss of Rs 30,142 crore for the September 2019 quarter.

24 Nov 2019 5:07 PM

RCom, which is going through insolvency process, had made a profit of Rs 1,141 crore in the second quarter of the previous financial year (Q2 FY19).

RCom posts Q2 loss of Rs 30,142 crore on provisioning of liabilities

RCom revenue from operations dropped to Rs 302 crore in Q2 FY20 from Rs 977 crore in Q2 FY19.

16 Nov 2019 3:47 PM

Bharti Airtel, Bharti Infratel and private equity firm Varde Partners have submitted their bids for assets of debt-laden Reliance Communications. (Photo: PTI)

Airtel submit bids for RCom spectrum; Jio seeks deadline extension by 10 days

RCom committee of creditors is scheduled to meet on November 13, 2019 to take call on the bids opening.

13 Nov 2019 9:49 AM

RCom board and appointed a resolution to run the company and also allowed the SBI-led consortium of 31 banks to form a committee of creditors.

Anil Agarwal's Twin Star Tech not to bid for RCom assets

Reliance Jio in December 2017 had signed a mega deal with RCom for buying wireless spectrum, tower.

23 Aug 2019 8:58 AM

The company had posted a loss of Rs 342 crore in the same period a year ago.

RCom Q1 loss widens to Rs 366 crore

Total income of RCom during the reported period declined to Rs 866 crore from Rs 1,008 crore a year ago.

10 Aug 2019 1:01 PM

RCom announced completion of sale of its media convergence nodes and related infrastructure assets, worth Rs 2,000 crore to Jio. (Photo: AFP)

Jio, Airtel to bid for RCom's physical assets

RCom lenders have claimed dues of around Rs 49,000 crore on the company till May 2019.

06 Aug 2019 9:48 AM

Reliance Infratel, is a subsidiary of RCom, and is presently under corporate insolvency resolution process. (Photo: File | PTI)

NCLAT dismisses contempt petition against Anil Ambani over RCom payment default

A bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.

23 Jul 2019 3:23 PM

RCom in May last year had filed a petition before the NCLAT against the NCLT order on a plea by global telecom gear maker Ericsson.

RCom: NCLAT allows insolvency proceedings

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya allowed RCom to withdraw its appeal.

01 May 2019 1:55 AM

RCom in February 2019 had announced its decision to opt for insolvency proceedings following its failure to sell assets for paying back its lenders. (Photo: PTI)

RCom withdraws plea against NCLT order allowing bankruptcy proceedings

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya allowed RCom to withdraw its appeal.

30 Apr 2019 5:49 PM

"The show cause notices of March 14 and 15 and letter dated March 20, 2019, by DoT is against the direction passed by this tribunal," the NCLAT said.

NCLAT stays DoT's show cause notices to RCom for cancellation of spectrum licence

A two-member bench also stayed the DoT's letter dated March 20, 2019 to Axis Bank to encash the bank guarantee of Rs 2,000.

26 Mar 2019 3:59 PM

With the latest pledge on March 22, the total pledged shares by RCE now stands at 9.37 per cent of total share capital or 25.90 crore shares. (Photo: File | PTI)

RCE pledges 12.50 cr shares of RCom with IndusInd Bank

RCE held 49.06 crore shares in RCom amounting to 17.74 pc stake, of which it had previously pledged 4.85 pc.

24 Mar 2019 4:40 PM

Anil's heavily debt-laden RCom made a Rs 550-crore payment, including interest, to Ericsson.

RCom shares continue to gain, rally 10 per cent

On the traded volume front, 150.71 lakh shares were traded on BSE and over 3 crore shares changed hands on NSE.

20 Mar 2019 1:05 PM

Reliance Communications Chairman Anil Ambani. (Photo: File)

A day left for Anil Ambani to pay USD 80 mn to avoid jail

The repeated failure to comply and Ambani's personal guarantee landed him in trouble last month,

18 Mar 2019 3:44 PM

The NCLT case filing got delayed due to collection of invoices from all BSNL circle offices. (Photo: File)

BSNL to approach NCLT this week against RCom to recover Rs 700 cr

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

Reliance Communications has filed an appeal before NCLAT to direct SBI to release income tax refund of Rs 259.22 crore.

RCom-Ericsson case: NCLAT declines to direct SBI to release Rs 259 cr

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

At the current market price, the value of stock sold comes around Rs 59 crore. (Photo: PTI)

Lenders sell 12 crore shares of Reliance Communications

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

According to the bench, the lenders gave a "golden outlook" to NCLAT to recover around Rs 37,000 crore from sale of assets but nothing happened.

NCLAT pulls up RCom lenders over Rs 37,000 cr asset sale 'golden outlook'

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

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Dilip Cherian