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Anil Ambani

Q4FY19 results: Reliance Power posts Rs 3,558 cr net loss

Q4FY19 results: Reliance Power posts Rs 3,558 cr net loss

Mon, Jun 10, 2019

Anil Ambani Group firm Reliance Power Sunday reported a net loss of Rs 3,558.51 crore for the quarter ended March 31, as against a net profit of Rs 189.21 crore in the year-ago period.

Property brokerage firm Square Yards' FY19 revenue up 38% at Rs 220 cr

Property brokerage firm Square Yards' FY19 revenue up 38% at Rs 220 cr

Fri, May 03, 2019

On operational front, the company concluded 11,508 transactions, including housing sales and home loans, during the last financial year, slightly better than the 11,299 deals in the previous year. In value terms, it did transactions worth nearly Rs 5,000 crore as against Rs 4,302 crore in the 2017-18 fiscal.

Reliance Capital to cut debt by Rs 10,000 to Rs12 crore by monetising stakes in group companies, non-core investments

Reliance Capital to cut debt by Rs 10,000 to Rs12 crore by monetising stakes in group companies, non-core investments

Thu, Mar 07, 2019

The completion of these transactions would be a major step forward in Reliance Capital`s deleveraging strategy, it said. Reliance Capital said its 43 per cent stake in RNAM is currently valued at over Rs 5,000 crore and the sale of controlling interests will be at a significant premium to the market.

TRENDING NOW

Moody's withdraws RCom's corporate family rating on "default"

Moody's withdraws RCom's corporate family rating on "default"

Sat, Nov 18, 2017

According to Moody's website, a CFR applies to all affiliates under the management control of an entity to which it is assigned, whereas obligations rated 'Ca' are highly speculative and are likely in, or very near, default with some prospect of recovery in principal and interest.

RCom arm sends notice to rivals for campaign against it

RCom arm sends notice to rivals for campaign against it

Fri, Nov 17, 2017

RCom Global Cloud Xchange (GCX) said that it has sent "a 'Cease & Desist' notice and/or injunction to a number of competitors in India, after learning from its Enterprise customers that these competitors are carrying out an illegal and malicious campaign, spreading misinformation and wrongly implying that Reliance Enterprise Voice services will shortly be discontinued".

RCom to shut voice calls from Dec 1, subs can port till Dec 31

RCom to shut voice calls from Dec 1, subs can port till Dec 31

Fri, Nov 03, 2017

The Telecom Regulatory Authority of India (Trai) in direction to all telecom operators said that RCom on October 31, 2017 intimated it that "RCL (Reliance Communications Limited) shall provide only 4G data services to its customers and as a result will discontinue to provide voice services to the subscribers... with effect from 1st December 2017."

Agreed to new loan repayment plan, RCom says

Agreed to new loan repayment plan, RCom says

Tue, Oct 31, 2017

Debt-laden Indian telecoms company Reliance Communications Ltd has agreed a new debt repayment plan with lenders, including a pledge to raise up to 170 billion rupees ($2.6 billion) by selling assets such as mobile towers, it said on Monday.

Adani Transmission, Reliance Infra gains on exclusive talks over power business

Adani Transmission, Reliance Infra gains on exclusive talks over power business

Tue, Oct 10, 2017

Reliance Infrastructure will be selling its Mumbai power business to Adani Transmission, if the deal gets finalised between both the company.

Mukesh Ambani hits back at brother Anil’s insinuations; says ‘Have to root out inefficiencies across the digital ecosystem’

Mukesh Ambani hits back at brother Anil’s insinuations; says ‘Have to root out inefficiencies across the digital ecosystem’

Wed, Sep 27, 2017

Seemingly concerned over the telecom sector's health the Ambani brothers have made hard hitting remarks pointing out the growing competition in the industry.

Reliance Home Finance debuts on markets; lists at 5% upper circuit

Reliance Home Finance debuts on markets; lists at 5% upper circuit

Fri, Sep 22, 2017

On September 6, the company was hived off from Reliance Capital and the shareholders of Reliance Capital Ltd have already received one free share of Reliance Home Finance Ltd.

Reliance Communication posts Rs 1,210 crore loss in June quarter

Reliance Communication posts Rs 1,210 crore loss in June quarter

Sat, Aug 12, 2017

Telecom company Reliance Communications on Saturday posted a consolidated loss of Rs 1,210 crore in the three-month period ended June 30, 2017.

Reliance Communications jumps on promising debt reduction plan

Reliance Communications jumps on promising debt reduction plan

Mon, Jul 10, 2017

As RCom continues its battle in reducing its over Rs 44,000 crore debt, its stock price in the in last one has risen over 14%.

GST will be India's 'economic freedom': Anil Ambani

GST will be India's 'economic freedom': Anil Ambani

Thu, Jun 29, 2017

Industrialist Anil Ambani today termed the Goods and Services Tax (GST), being rolled out from July 1, as India's "economic freedom" and said it would make the country the biggest free and democratic market in the history of humankind.

Reliance Communication shares jumps over 6% on monetisation of realty assets

Reliance Communication shares jumps over 6% on monetisation of realty assets

Thu, Jun 22, 2017

At 1323 hours the shares of Reliance Communications were trading at Rs 20.60 per piece, up 4.56% or Rs 0.90 on BSE.

Reliance Defence partners with Yugoimport to manufacture Rs 20,000 crore worth ammunition for India's defence forces

Reliance Defence partners with Yugoimport to manufacture Rs 20,000 crore worth ammunition for India's defence forces

Tue, Jun 20, 2017

Anil Ambani, in its meeting with President of Serbia, signed a pact with Yugoimport for manufacturing Rs 20,000 crore worth ammunition for next 10 years.

Anil Ambani announces to take no salary or commission from RCom in FY18

Anil Ambani announces to take no salary or commission from RCom in FY18

Wed, Jun 14, 2017

Reliance Communications' (RCom) owner Anil Ambani announced on Wednesday that he has voluntarily decided to draw no salary or commission from the telecom company in the current financial year.

Reliance General Insurance gets listing nod; IPO soon

Reliance General Insurance gets listing nod; IPO soon

Mon, Jun 12, 2017

Reliance General Insurance has received approval for listing on stock exchanges.

Despite getting debt payment relief, Moody's keep "negative" outlook for RCom

Despite getting debt payment relief, Moody's keep "negative" outlook for RCom

Tue, Jun 06, 2017

On June 2, Anil Ambani led RCom, addressing a press conference, said that the company presented its debt payment plan to its lenders who approved it given the company time till December 2017 to pay the loans due.

Debt battle: Reliance Communication shares' jumps after receiving relief from lenders

Debt battle: Reliance Communication shares' jumps after receiving relief from lenders

Mon, Jun 05, 2017

After touching a record low last week, Anil Ambani-backed Reliance Communications (RCom) has finally seen some revival in its stock price. This came in after when the company's lenders provided seven months time for their repayment of debt.

Lenders have given us time till December, says RCom’s Anil Ambani

Lenders have given us time till December, says RCom’s Anil Ambani

Fri, Jun 02, 2017

KEY HIGHLIGHTS:

Anil Ambani to address media today on rising RCom's debt; shares in red

Anil Ambani to address media today on rising RCom's debt; shares in red

Fri, Jun 02, 2017

Reliance Communication reported a loss of Rs 948 crore in Q4FY17, hit by intense price war among telecom operators after Jio's entry.

Now Fitch downgrades Reliance Communications, says default a 'real possibility'

Now Fitch downgrades Reliance Communications, says default a 'real possibility'

Thu, Jun 01, 2017

After ICRA and Moody's, now Fitch Ratings downgraded Reliance Communications to CCC.

Moody's, ICRA downgrade RCom over debt concerns

Moody's, ICRA downgrade RCom over debt concerns

Wed, May 31, 2017

RCom, controlled by billionaire Anil Ambani, has traditionally relied on short-term debt and covenant waivers from its banking relationships, but if these waivers are not received it could impact RCom`s $300 million bondholders "significantly", Moody`s said.

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