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31-40 results from 308 for query «rcom»

19 January, 2018 4:52 PM RCom told to refund customers

The Telecom Regulatory Authority of India (TRAI) on Friday directed Reliance Communications (RCom) and Reliance Telecom to refund the unused balance of their prepaid customers and security deposits of their post-paid subscribers. The companies would also require to report compliance to the regulator by February 15 for prepaid users and by March 31, 2018 for post-paid 52

29 December, 2017 3:58 PM Jio may pay $3.75 bn for RCom assets

Anil Ambani firm has ₹45,000 cr. debt Debt-laden Reliance Communications has signed a deal to sell its wireless assets to Reliance Jio Infocomm for almost ₹24,000 crore ($3.75 billion), two sources familiar with the matter told Reuters on Friday. The two companies had announced late on Thursday that Reliance Communications, backed by businessman Anil Ambani 54

29 December, 2017 7:52 AM RCom shares jump nearly 35% on Reliance Jio deal

In four days, the stock has zoomed over 129 percent. New Delhi: Rising for the fourth straight session, Shares of Reliance Communications (RCom) zoomed nearly 35 percent after Mukesh Ambani stepped in to bail out the debt-ridden firm by acquiring spectrum, tower, optical fibre network and other assets. After a positive opening, shares of the company 61

28 December, 2017 1:11 PM Reliance Jio To Buy All Wireless Assets Of RCom, 100% Proceeds To Reduce Debt

RCom expects the transactions with Reliance Jio Infocomm to close in a phased manner between January and March 2018, subject to the lenders' and other applicable approvals. The sale marks the return of the telecom company back to the fold of Reliance Industries, which forayed into telecoms in 2002, spearheaded by elder Ambani, under the name of Reliance 56

28 November, 2017 12:32 PM RCom to sell its DTH arm BIG TV to Pantel Technologies, Veecon Media & Television

Reliance Communications said it will sell its DTH arm Reliance BIG TV to Pantel Technologies and Veecon Media & Television, a move aimed at reducing debt. The company has entered into a binding share purchase agreement with Pantel Technologies Ltd and Veecon Media & Television Ltd for sale of its subsidiary Reliance BIG TV Limited (RBTV), RCom said in a statement 74

27 November, 2017 2:06 PM Indian lenders may resist Chinese banks’ plan to move RCom debt under IBC

A consortium of Chinese banks have filed a suit against Reliance Communications in the National Company Law Tribunal (NCLT) seeking that the telecom firm's debt resolution should take place under the Insolvency and Bankruptcy Code, sources with direct knowledge of the matter have told CNBC-TV18. According to various bankers, Chinese lenders account for around 45

17 November, 2017 8:22 AM Aircel delays debt repayments: CARE

Telecom operator Aircel Ltd has delayed payment of interest on its debt obligations, ratings agency CARE said and downgraded its rating on the company's bank facilities to default. Aircel, the sixth-ranked mobile carrier in the country by subscribers, has delayed payment of interest on its debt obligations on account of its "weak liquidity position 56

13 November, 2017 4:24 AM RCom Shares Slump After Company Reports September-Quarter Loss

RCom reported a loss after tax of Rs 2,709 crore in the July-September quarter versus a profit of Rs 62 crore in the same period a year ago. Reliance Communications (RCom) shares fell more than 9 per cent in early trade on Monday after the company reported a loss in the September quarter. Shares in the company were trading at Rs 12.80 in recent trade 48

10 November, 2017 11:29 AM Vodafone Invites RCom Customers To Use Its Network For Porting

Chennai: Telecom service provider Vodafone today said Reliance Communications customers can use its network for facilitating port-out requests. Recently, Reliance Communications said it would shut down voice call service from December 1 and its customers could move to other networks by this year end, as per directions by Telecom Regulatory Authority 56

1 November, 2017 4:41 AM Market Live: Nifty extends rally; Sensex jumps 300 pts as WB ups India ranking

11:19 am Auto sales: Eicher Motors said Royal Enfield's sales increased 18 percent to 69,492 units in October, year-on-year. 11:05 am Rupee trade:Â The rupee today positively reacted to India's jump on Ease of Doing Business ranking by rising 15 paise to 64.59 against the dollar. The World Bank's list was released yesterday. Banks and exporters liquidated 100