Reliance Jio
TMT
Reliance Jio shops for $8 bn in airwaves auction
India's top three wireless carriers bought airwaves worth Rs 77,815 crore ($10.61 billion) at the close of a two-day spectrum...
Finance
Flashback 2020: Virus manages to shoo away almost everyone from stressed assets
The distressed assets market was still going through teething problems from the four-year bankruptcy law when the Covid-19 pandemic...
TMT
Marquee PE firm in talks to buy controlling stake in internet service provider ACT
A global private equity firm is in control-deal talks with Atria Convergence Technologies Ltd (ACT), India’s largest non-telco...
TMT
UV ARC to sell Aircel assets, start low-cost businesses in bid to repay lenders
UV Asset Reconstruction Company Ltd plans to resume certain operations of Aircel Ltd and sell several assets, as it aims ......
General
Grapevine: Adani, others circle 3 Odisha discoms; KKR frontrunner for JB Chemicals
The Adani Group, RP-Sanjiv Goenka group’s power utility company CESC Ltd and Tata Power Co. Ltd have evinced interest in...
Finance
SBI puts Anil Ambani in dock for guarantee given on loans to his firms
The country’s largest lender State Bank of India (SBI) has taken Anil Ambani to the bankruptcy tribunal for a personal ......
TMT
Facebook to buy minority stake in Reliance's Jio Platforms for $5.7 bn
Facebook Inc. will invest Rs 43,574 crore ($5.7 billion) in the digital business of Reliance Industries Ltd...
General
Grapevine: Facebook eyes Jio stake; Future group puts insurance venture on block
Facebook is close to signing a multibillion-dollar deal for a 10% stake in heavily-indebted Reliance Jio, which boasts the acquisition...
TMT
Creditors okay Mukesh Ambani, UV ARC's resolution plans for R-Com, subsidiaries
A creditor panel led by the State Bank of India has okayed the bankruptcy resolution plans of Mukesh Ambani-owned Reliance ......
Markets
Sensex, Nifty gain for the week
Indian shares reversed early gains to end lower on Friday, dragged down by banks exposed to telecom operators who were ......
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