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Aircel lenders approve UV ARC's bid, to get less than 1% of dues

TMT

18 May, 2019

Aircel lenders approve UV ARC's bid, to get less than 1% of dues

UV Asset Reconstruction Company Ltd has received approval of the lenders to Aircel Ltd to buy the debt-laden telecom company ......

NCLT starts bankruptcy process for Reliance Communications

TMT

09 May, 2019

NCLT starts bankruptcy process for Reliance Communications

The National Company Law Tribunal (NCLT) on Thursday admitted Reliance Communications Ltd (RCom) for insolvency and allowed it to exclude ......

Stressed assets this week: Jet in limbo; ABG Shipyard heads to liquidation

Infrastructure

03 May, 2019

Stressed assets this week: Jet in limbo; ABG Shipyard heads to liquidation

During the January-March quarter, 73 cases ended in liquidation, taking the total number of such cases to 378 since the ......

RCom opts to resume insolvency process, withdraws plea against NCLT order

Finance

30 April, 2019

RCom opts to resume insolvency process, withdraws plea against NCLT order

Anil Ambani-led Reliance Communications Ltd (RCom) on Tuesday withdrew its petition challenging an order of the National Company Law Tribunal ......

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How the profile of India's billion-dollar valuation firms changed in past decade

Markets

08 March, 2019

How the profile of India's billion-dollar valuation firms changed in past decade

Ten years ago, this week, the Indian stock market bottomed out after the carnage from the collapse of Lehman Brothers. ......

Supreme Court finds Anil Ambani guilty of contempt in Ericsson case

TMT

20 February, 2019

Supreme Court finds Anil Ambani guilty of contempt in Ericsson case

 India's Supreme Court on Wednesday found Anil Ambani, chairman of debt-laden Reliance Communications (RCom), guilty of contempt of court for wilfully ......

RCom slumps 54% to all-time low after approaching bankruptcy court

TMT

04 February, 2019

RCom slumps 54% to all-time low after approaching bankruptcy court

Reliance Communications Ltd (RCom) shares plunged by more than half to a record low on Monday, after the Indian telco said ......

Reliance Jio extends deadline to acquire Reliance Communications's assets

TMT

31 December, 2018

Reliance Jio extends deadline to acquire Reliance Communications's assets

Reliance Industries Ltd said on Monday that its subsidiary Reliance Jio Infocomm Ltd has extended the term of the definitive ......

RCom a step closer to completing asset sale as tower unit settles with PE backers

TMT

29 May, 2018

RCom a step closer to completing asset sale as tower unit settles with PE backers

Industrialist Anil Ambani-led Reliance Communications Ltd said on Tuesday unit Reliance Infratel Ltd has reached a settlement with its minority ......

Stressed assets: Tata Steel buys Bhushan Steel; Jaypee, Tecpro face fraud charges

Manufacturing

18 May, 2018

Stressed assets: Tata Steel buys Bhushan Steel; Jaypee, Tecpro face fraud charges

The National Company Law Tribunal’s various branches are monitoring several hundred cases of stressed assets. In the second of a ......