Last week, Reliance Communications Chairman Anil Ambani along with four directors had resigned from the company, that is going through insolvency process
Ambani along with Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have resigned as directors of RCom, said regulatory filing
Consolidated operating income for the September quarter rose 8% to Rs 5,622 crore from Rs 5,202 crore a year ago
Airtel has placed a conditional bid to buy RCom's spectrum, and Bharti Infratel has submitted bids for the Anil Ambani company's mobile towers
The Mumbai branch of Industrial & Commercial Bank of China, China Development Bank and the Export-Import Bank of China agreed to loan $925.2 million to Anil Ambani's Reliance Communications in 2012
Irdai has also asked RHICL to "ring fence" its residual assets and not dispose them of without the insurance regulator's prior written approval.
The financing squeeze has already taken a toll on the country's economic expansion, which in turn erodes borrowers' capability to repay further
The payments were due on Wednesday and Thursday, the company said in regulatory filing.
From Forever 21 filing for bankruptcy to core sector output declining by 0.5%, here are the top 10 business headlines on Tuesday
Anil Ambani group shareholders concerned over significant stock price erosion
As a part of its strategy to achieve clean green power, the company will focus on renewable energy projects like solar and wind
Ambani further said the four business verticals including roads, metro, energy and airport are fully funded
Ultra Short-term Fund, Short Maturity Fund see single-day jump of 40-50 per cent in NAVs
Shares of publicly traded firms with a large portion of equity pledged as collateral risk abrupt declines should lenders move to recover their dues
The tribunal has asked the DoT to file its reply to the petition by September 24, after which the RP can file a rejoinder to DoT's reply by September 27. The matter will be heard next on September 30
GCX Ltd., which owns the world's largest private undersea cable system, is the latest company owned by Anil Ambani to stumble.
Maximum bids came at Rs 267 per share, higher than the floor price of Rs 262
At present, Reliance Capital holds 32.12 per cent stake in Reliance MF
The sale of the fully-owned insurance unit is crucial for Anil Ambani
From sales of medium and heavy commercial vehicles falling by over half in Aug to the GST Council considering a breather for hybrid vehicles in its upcoming meeting, here is today's top business news