Aircel

Friday, Apr 19, 2024 | Last Update : 05:10 AM IST

The telecom department has blacklisted bank guarantees issued by Standard Chartered after the bank failed to invoke one that was issued for Aircel Group.

DoT blacklists bank guarantees issued by Standard Chartered Bank

Standard Chartered Bank has failed to invoke a BG issued by them on behalf of Aircel Group of companies.

19 Aug 2018 1:57 PM

Two independent directors Ninad Karpe and S Ravi have resigned from the board of state-owned IDBI Bank.

Two independent directors of IDBI Bank quit

Karpe and Ravi cease to be independent directors of IDBI Bank with effect from May 11 and May 12 respectively.

15 May 2018 1:52 PM

IDBI Bank on Tuesday said the CBI has examined documents related to its loan exposure to the companies of former Aircel promoter C Sivasankaran.

CBI probes documents on loans to Aircel ex-promoter, says IDBI Bank

The state-owned bank had given a loan to Axcel Sunshine Ltd in February 2014, which had turned into a non-performing asset.

01 May 2018 3:43 PM

The Enforcement Directorate on Tuesday questioned former finance minister P Chidambaram's son Karti Chidambaram in connection with the Aircel Maxis money laundering case.

ED questions Karti Chidambaram in Aircel-Maxis case

This is the first time the agency is questioning him in connection with the case.

10 Apr 2018 4:34 PM

Maxis Communications is providing Rs 95 crore to its troubled telecom subsidiary Aircel for settling outstanding staff salaries and meeting immediate operational expenses.

Maxis provides Rs 95 crore to Aircel for employee salaries, expenses

Aircel announced in February that it has filed for bankruptcy.

02 Apr 2018 4:04 PM

State-owned Bharat Sanchar Nigam Ltd (BSNL) has approached the Communications Ministry for recovery of its outstanding dues from the troubled telecom firm Aircel, which recently filed for bankruptcy.

BSNL approaches DoT for recovery of Aircel's outstanding dues

The move comes at a time when Aircel has filed for bankruptcy.

01 Apr 2018 12:00 PM

The company also said it believes that in the current circumstances, resolution process under the Insolvency and Bankruptcy Code is an “appropriate recourse”.

Aircel files for bankruptcy; cites Jio’s entry as a reason

Sources said that the filing was made in National Company Law Tribunal (NCLT) Mumbai.

01 Mar 2018 1:27 AM

Aircel has approached the regulator for extending the validity of additional port out codes to enable subscribers to move on to other networks

TRAI to issue direction to Aircel to maintain service quality; to grant codes for port outs

TRAI is also likely to grant additional port out codes to Aircel with extended validity of 45 days instead of 15 days.

27 Feb 2018 2:06 PM

Idea Cellular regrets the inconvenience caused to mobile users who are unable to connect with each other.

Idea suspends interconnect services with Aircel over dues

Idea will restore interconnect services immediately after Aircel makes the payment.

07 Feb 2018 1:40 PM

TRAI directed Aircel to issue mobile number porting code to its subscribers for moving out of its network and reject none of the request. (Representational Image)

Aircel to shut operations in six circles from January 30

TRAI directed all telecom operators to accept request of Aircel subscribers to join their network till March 10, 2018.

21 Dec 2017 11:45 AM

Credit rating indicates the capability of a company to pay back debt. (Photo: PTI)

No impact of Aircel merger cancellation on RCom's rating: Moody's

Moody's had downgraded the credit rating of RCom to 'Ca' from 'Caa1' in June 2017.

04 Oct 2017 9:14 AM

Reliance Communications is reassessing debt repayment options after a deal to merge its wireless arm with smaller rival Aircel was scrapped.

Debt-saddled RCom's repayment plan hits snag as Aircel deal collapses

RCom has earned a temporary reprieve from its banks, who have agreed to a standstill on its debt obligations.

02 Oct 2017 8:32 PM

Reliance Communications calls off merger talks

Cites legal and regulatory hurdles as reasons to pull out of the deal.

02 Oct 2017 2:19 AM

RCom was expecting a significant debt reduction post completion of merger with Aircel. (Photo: File)

Reliance Communications, Aircel terminate mobile business merger deal

Both the telcos had signed binding agreements in September 2016 for the merger of RCom's mobile businesses with Aircel.

01 Oct 2017 9:05 PM

RIL chairman Mukesh Ambani was instrumental in launch of Reliance Jio last year.

Jio again tops 4G mobile speed chart with 18.8 mbps

Trai says average download speed on Jio network slightly dipped from 19.12 mbps in May.

04 Jul 2017 5:38 PM

Telecom min Manoj SInha to meet telcos on June 22-23

The panel has asked telecom firms to provide their total annual revenue, operational expenses, net profit, market share and other details.

06 Jun 2017 6:17 PM

Reliance communications Chairman Anil Ambani.

RCom shares hit record low on fourth-quarter loss

RCom reported a $150 million fourth-quarter loss and worries about its heavy debt load resurfaced.

29 May 2017 10:56 AM

RCom shareholders approve merger with Aircel

RCom and the present shareholders of Aircel will hold 50 per cent stake each in the merged entity.

24 Apr 2017 4:36 PM

Reliance Communications-Aircel deal gets CCI nod

Transaction will reduce RCom's debt by Rs 20,000 crore (USD 3 billion), while Aircel's debt would go down by Rs 4,000 crore.

20 Mar 2017 12:03 PM

Reliance Communication to merge with Aircel

The company gets approval of capital markets regulator Sebi and stock exchanges, BSE and NSE.

15 Mar 2017 4:21 PM

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Mohan Guruswamy