Anil Ambani | The Asian Age

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Anil Ambani Page-3

Ambanis: Blood is thicker than water

The vicissitudes of competitive business couldn't have been more glaring than in two brothers' case.

20 Mar 2019 12:48 AM

The nature of the backing or how it was delivered was unclear, but in a statement, Anil Ambani thanked his billionaire brother. (Photo: File | PTI)

RCom shares jump after Mukesh Ambani bails out brother Anil on Ericsson dues

Telecom equipment maker Ericsson received 4.62 billion rupees ($67.42 million) from RCom as unpaid dues.

19 Mar 2019 10:44 AM

Brother Mukesh steps in to spare Anil jail stay

The Supreme Court had last month held Ambani in contempt for not paying Ericsson's dues despite promising to do so.

19 Mar 2019 2:11 AM

Reliance Communications pays Rs 458.77 crore to Ericsson: sources

Failure to cough up the dues would have meant that RCom Chairman Anil Ambani would have faced a 3-month jail term.

18 Mar 2019 6:05 PM

Reliance Communications Chairman Anil Ambani. (Photo: File)

A day left for Anil Ambani to pay USD 80 mn to avoid jail

The repeated failure to comply and Ambani's personal guarantee landed him in trouble last month,

18 Mar 2019 3:44 PM

The NCLT case filing got delayed due to collection of invoices from all BSNL circle offices. (Photo: File)

BSNL to approach NCLT this week against RCom to recover Rs 700 cr

BSNL has already invoked bank guarantee of around Rs 100 crore submitted by RCom for default on payments, said sources.

17 Mar 2019 1:19 PM

Reliance Communications has filed an appeal before NCLAT to direct SBI to release income tax refund of Rs 259.22 crore.

RCom-Ericsson case: NCLAT declines to direct SBI to release Rs 259 cr

Apex court has asked RCom group to pay Rs 453 crore in four weeks, by March 19, failing which Ambani will have to go to jail.

16 Mar 2019 10:51 AM

The six lane Delhi-Agra Toll Road. (Photo: ANI)

Reliance Infrastructure offloads stake in Delhi-Agra Toll Road to Singapore firm

Reliance Infrastructure will utilise proceeds of this transaction entirely to reduce its debt, it said in regulatory filings.

15 Mar 2019 12:47 PM

At the current market price, the value of stock sold comes around Rs 59 crore. (Photo: PTI)

Lenders sell 12 crore shares of Reliance Communications

Company has been reeling under a debt of around Rs 47,000 crore and has opted for invoking bankruptcy proceedings.

14 Mar 2019 9:11 AM

RCom asset monetisation deal failed because Reliance Jio refused to take responsibility of past dues of the Anil Ambani-led firm.

NCLAT reserves order on RCom plea to release funds

RCom has been asked by both the Supreme Court and the NCLAT to pay Rs 550 crore to Ericsson.

14 Mar 2019 8:48 AM

According to the bench, the lenders gave a "golden outlook" to NCLAT to recover around Rs 37,000 crore from sale of assets but nothing happened.

NCLAT pulls up RCom lenders over Rs 37,000 cr asset sale 'golden outlook'

The NCLAT has asked all the lenders to file a two-page note over that and directed to list the matter on Tuesday.

12 Mar 2019 8:53 AM

The company has also lined up a few more non-core assets to monetise. (Photo: Twitter)

Reliance Capital claims stake sale to halve its debt soon

The Anil Ambani group-run company is sitting on a debt of over Rs 18,000 crore.

07 Mar 2019 1:07 PM

A three-judge bench of the Supreme Court is scheduled to hear the matter. (Representational Image)

Rafale documents cited by Prashant Bhushan were stolen: Centre to SC

Venugopal said those who put documents on Rafale deal in public domain guilty under Official Secrets Act and contempt of court.

06 Mar 2019 9:40 AM

Watch: Rahul Gandhi performes folk dance with locals in Jharkhand

Gandhi said, 'It is matter of shame that IAF protects country but PM steals money from the Air Force and puts it in Ambani’s pockets.'

02 Mar 2019 5:03 PM

Speaking at a rally in north Maharashtra’s Dhule district, the Congress chief also ridiculed industrialist Anil Ambani, saying he cannot make even paper planes. (Photo: File)

PM can’t do without PR, attacked us despite unity talk: Rahul

Slamming PM, party chief Rahul Gandhi Friday said Modi can’t refrain from engaging in public relations exercise 'even for five minutes'.

02 Mar 2019 8:47 AM

A warning for Anil Ambani

India’s image as a business destination tends to get sullied by the reluctance of major industrialists when it comes to accountability.

22 Feb 2019 12:43 AM

After the terror attack, in a press conference, Rahul Gandhi along with Manmohan Singh had said that he and his party would support the government and not get into any other discussion for the next few days. (Photo: File)

Jawans don't get 'martyr status', Ambani gets Rs 30,000 cr in PM's New India: Rahul

Gandhi's renewed attacks signal a change in stance after BJP leaders including Amit Shah took digs at Cong after Pulwama attack

21 Feb 2019 2:32 PM

Reliance communications Chairman Anil Ambani.

RCom seeks lenders' nod for release of Rs 260 cr in bank account to Ericsson

RCom is confident of raising the balance approximately Rs 200 crore for payment to Ericsson

21 Feb 2019 12:22 PM

Anil Ambani, chairman of Reliance Communications (Photo: File)

Anil Ambani found guilty of SC contempt, to pay Rs 453 cr

Reliance Communications chief faces 3-month jail if he doesn’t pay within 4 weeks

21 Feb 2019 1:51 AM

Reliance Group Chairman, Anil Ambani (Photo: File)

Reliance Group stocks under pressure; tank up to 10.3 pc on SC move

Apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks.

20 Feb 2019 12:54 PM

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Shobhaa De