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Shares of Reliance Communications (RCom) on Tuesday slumped over 9 per cent in morning trade after the collapse of its Aircel merger deal. 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.

4 Oct 2017 9:14 AM IST

RCom chairman Anil Ambani

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.

2 Oct 2017 8:32 PM IST

Reliance Infrastructure a subsidiary of Anil Ambanis Reliance Group. (Photo: File/PTI)

Reliance Communications calls off merger talks

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

2 Oct 2017 2:19 AM IST

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.

1 Oct 2017 9:05 PM IST

The comment comes in the backdrop of the regulators ongoing tussle with Apple that is reportedly not allowing convergence of the Trais Do-Not-Disturb app on its iOS platform.

TRAI to issue direction to Aircel to maintain service quality; to...

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 IST

Board of Idea Cellular approved raising about Rs 3,250 cr from entities under promoter Aditya Birla Group.

Idea suspends interconnect services with Aircel over dues

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

7 Feb 2018 1:40 PM IST

The Enforcement Directorate on Tuesday questioned former finance minister P Chidambarams 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 April 2018 4:34 PM IST

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.

2 April 2018 4:04 PM IST

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.

1 April 2018 12:00 PM IST

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.

1 March 2018 1:27 AM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

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 IST

IDBI shares fell as much as 3.5 per cent to 73.6 rupees.

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...

1 May 2018 3:43 PM IST