E-PaperReliance Infrate News
Jio declared highest bidder for Reliance Infratel, and UVARC for RCom, RTL: Report
Jio and UVARC have emerged as the highest bidders at ₹25,000 cr for RCom assets at committee of creditors meeting held on 13 Jan, 2020, say sourcesUVARC has placed bids of around ₹16,000 cr for spectrum, real estate assets as well as the enterprise and data centre businesses held in RCom and Reliance Telecom
1 min read14 Jan 2020Ericsson India moves Supreme Court, seeks contempt action against Anil Ambani & others
Besides seeking contempt proceedings against RCom chairman Anil Ambani and two others, Ericsson has also sought that they be detained in civil prison unless they purge themselves by making the payment.
3 min read4 Jan 2019NCLAT disposes of contempt plea against Reliance Infratel
NCLAT, however, gave HSBC Daisy liberty to approach again with its contempt plea against the officials of Reliance Infratel
1 min read2 Jan 2019Ericsson row: RCom says relief from TDSAT, can proceed with spectrum sale without bank guarantee
RCom will receive ₹975 crore from the sale of spectrum, and will pay Ericsson ₹550 crore and Reliance Infratel minority investors ₹230 crore
2 min read3 Oct 2018RCom-Jio deal: Reliance Infratel, HSBC Daisy submits final consent terms to NCLAT
This comes a month after Reliance Infratel withdrew its appeal before NCLAT against NCLT order which prohibited it from selling its assets, following a settlement with HSBC Daisy
1 min read29 Jun 2018RCom settles Ericsson dues, asset sale to Reliance Jio gets NCLAT nod
The NCLAT also halted bankruptcy proceedings ordered two weeks ago against debt-laden Reliance Communications (RCom)
2 min read30 May 2018RCom unit settles dues with HSBC Daisy, withdraws NCLAT plea for asset sales
Reliance Infratel on Tuesday withdrew its petition from NCLAT seeking permission to sell its tower and fibre assets after settlement deal with HSBC Daisy Mauritius
1 min read30 May 2018RCom says unit reaches settlement with minority shareholders
Reliance Communications (RCom) unit Reliance Infratel informs NCLAT that it has reached a settlement with its minority shareholders
1 min read29 May 2018RCom shares tank to Rs14.10 as report shows deal with Ericsson unlikely
RCom shares tanked to Rs14.10 after surging as much as 24.77% in intraday trade to hit a high of Rs20.65 after gaining nearly 57% in the previous session
1 min read18 May 2018RCom shares surge 56.87% after reports of Ericsson settlement talks
In intraday trading, RCom shares rose 69.67% to Rs17.90 apiece before settling 56.87% from previous close to Rs16.55
1 min read18 May 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared