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Headline News

Aircel network issues trigger rumours of service closure; customers panic

2018-02-21 business-standard
Customers of telecom service provider Aircel on Wednesday virtually laid siege to some of its outlets following rumours about the closure of its service. A company official clarified the network service provider was facing some issues and they were trying to resolve it. According to some of the customers they were neither able to make a call nor receive and they termed it as the first step towards total closure of services. (2-0)

How Any HNA Default Could Affect Markets: Analysts Debate - Bloomberg

2018-02-21 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (9-0)

Promoters pledged holdings drop to 7.8% in Dec qtr: Report

2018-02-20 moneycontrol
The average shares pledged by promoters of top 500 companies listed on the BSE dropped to 7.8 percent in October-December from 8.3 percent in the preceding three months, according to a report by Kotak Institutional Equities Research. (4-0)

RCom firm to provide Reliance Jio deal information to offshore investors

2018-02-20 livemint
Mumbai: In a long-drawn dispute between Reliance Infratel Ltd, a telecom tower infrastructure arm of Reliance Communications Ltd (RCom), and its minority shareholders HSBC Daisy Investments (Mauritius) Ltd, the Anil Ambani-controlled company has agreed to share details of the deal to sell off its assets to his elder brother Mukesh Ambani-controlled Reliance Jio. (2-0)

Aircel to file for bankruptcy at NCLT: Report

2018-02-19 moneycontrol
Aircel will soon file for bankruptcy at the National Company Law Tribunal (NCLT), according to a report in The Economic Times. The telecom company, which has a Rs 15,500 crore debt, has dissolved its board. (52-0)

Manipal Tech withdraws bankruptcy plea against Reliance Communications

2018-02-16 business-standard
Manipal Technologies Ltd has withdrawn a bankruptcy petition against telecom operator Reliance Communications before National Company Law Appellate Tribunal (NCLAT) claiming dues. Counsel appearing for Manipal Tech informed NCLAT bench this week that they have instructions to withdraw the appeal. This was not even opposed by the counsel appearing for RCom. "The appeal is disposed of as withdrawn," noted a two-member bench of NCLAT Justices AIS Cheema and Balvinder Singh, in its order. (2-0)

Manipal Technologies withdraws bankruptcy plea against RCom

2018-02-16 moneycontrol
Manipal Technologies Ltd has withdrawn a bankruptcy petition against telecom operator Reliance Communications before National Company Law Appellate Tribunal (NCLAT) claiming dues. (2-0)

News Live: India Inc sees MA deals worth $15bn in Jan

2018-02-16 moneycontrol
Corporate India's merger and acquisition (M&A) activity witnessed over six-fold increase in year-on-year deal value to approximately $15 billion in January, primarily on account of revived domestic deal activity, reports PTI. In January, there were 47 M&A deals worth $15,137 million, while there were 45 such transactions worth $2,301 million in the same month of 2017, according to assurance, tax and advisory firm Grant Thornton. (33-0)

News Live: Walmart in talks to buy over 40% stake in Flipkart, says sources

2018-02-16 moneycontrol
Walmart is in talks to purchase a stake of over 40% in Indian e-commerce firm Flipkart, a direct challenge to Amazon.com in Asia’s third-largest economy, sources told Reuters. (33-0)

News Live: Russian toll in Syria battle was 300 killed or wounded, say sources

2018-02-16 moneycontrol
Edwin Wong, the Chief Investment Officer of Hong Kong-headquartered SSG Capital Management and an ex-Lehman Brothers Holdings banker, sees a multitude of opportunities in India as the nation pushes ahead with a bankruptcy system overhaul, reports Bloomberg. (31-0)

News Live: Russian toll in Syria battle was 300 killed or wounded, says sources

2018-02-16 moneycontrol
About 300 men working for a Kremlin-linked Russian private military firm were either killed or injured in Syria last week, sources told Reuters. A Russian military doctor said around 100 had been killed, and a source who knows several of the fighters said the death toll was in excess of 80 men. (6-0)

News Live: NSE keen to buy 25% stake in Dhaka Stock Exchange

2018-02-16 moneycontrol
The National Stock Exchange (NSE) is keen to acquire a 25% stake in Dhaka Stock Exchange, rivalling an offer from a Chinese bourse, reports Bloomberg. “We are well positioned to help grow the Bangladesh market and the exchange, given our experience and track record,” Vikram Limaye, Chief Executive Officer of the National Stock Exchange, said. (3-0)

Reliance Communications shareholders approve asset sale plan

2018-02-16 in.reuters
REUTERS - Debt-laden Reliance Communications Ltd (RLCM.NS) said on Friday its shareholders approved its asset sale plan, under which the telecoms carrier would sell its wireless assets to Reliance Jio Infocomm Ltd RELIB.UL. (5-0)

Reliance Communications Limited - Press Release

2018-02-16 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (2-0)

Reliance Communications Limited - Updates

2018-02-15 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (2-0)