Analysts attribute sudden interest in ADAG stocks to the anticipation of the company becoming more proactive and aggressive to prune its debt obligations
ICICI Lombard General Insurance Company reported 23 per cent YoY rise in net profit at Rs 346 crore for March quarter 2020-21
Debt resolution only after clearance of govt dues, says tribunal
Revenue garnered from 4G auction may be much lower than reserve price set at Rs 3.92 trillion
Debt-ridden telecom firm Reliance Communications said the group owes around Rs 26,000 crore to Indian banks and financial institutions
Decks cleared for sale of tower, fibre assets to Reliance Digital
Insolvency against bankrupt telecom company and two arms restarted last May after NCLAT lifted stay on proceedings; Rs 91,000 crore worth claims have been admitted against the firm.
Three state-controlled Chinese banks have pursued Ambani for more than $700 million in a London court
While the personal guarantee matter is being heard by the SC, the fate of dues worth Rs 45,000 crore, including to the Chinese banks, will be decided by the NCLT where the matter is still pending
Experts see the telecom sector heading towards duopoly
CEO asked to furnish personal guarantee within four weeks; order alarms professional managers
Ambani had given personal guarantees for the Rs 565 crore and Rs 635 crore SBI loans to RCom and Reliance Infratel (RITL), respectively, in August 2016
His Reliance Communications (RCom), a mobile carrier launched in 2002 with cut-price plans and is currently in insolvency.
Bharti Airtel's Sunil Mittal says that, to his mind, Average Revenue Per User or ARPUs need to hit Rs 300, or double Airtel's current figure, if the industry is to stabilize
Business Standard brings to you a snapshot of events that made it to the headlines today
Justice Mishra observed under the IBC spectrum trading was different from spectrum sale
The National Company Law Tribunal (NCLT) Mumbai is scheduled to hear the resolution plan of RCOM, RTL and RITL on Friday, the source added
Here are the top headlines on Thursday morning
Senior advocate Harish Salve, who represents RCom and its committee of creditors, said it will be forced to go into liquidation if spectrum sale not allowed
Plan approved by lenders leaves nothing for dept; NCLT adjourns hearing