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Business Headlines: With just 22% stake left, Anil Ambani is rapidly losing control of RCom
Anil Ambani is rapidly losing control of his flagship company Reliance Communications. In December 2018, just three months ago, Anil Ambani’s shareholding in RCom was 53.08%, and today it stands at just 21.97%. The Anil Ambani Group’s stake in its...29 March 2019 9:30 AM GMT
Financial Institutions sell pledged shares of RCom
The story of Anil Ambani can be summed up in two sentences by taking a look at his flagship company Reliance Communications. RCom’s market capitalisation in 2007 was ₹ 2 Lakh crore; and now it is but a shadow of former self with its market cap...29 March 2019 8:29 AM GMT
Mukesh bails out younger brother Anil Ambani, what now for RCom?
With an opera like drama playing out in the annals of the Indian business community last evening, we were all kept at the edge of our seat throughout. The spectacle was such that one of the country’s best known businessmen, Anil Ambani, was just...19 March 2019 8:07 AM GMT
IT IS CHHOTA BHAI FAVOURING THE BADA BHAI
The Ambanis once again occupied the national headlines yesterday. Mukesh Ambani the bada bhai, bailed out Anil Ambani, the chhota bhai in style. If sources are to be believed Mukesh Ambani simply cut a single cheque of Rs.480 crores as an outright...19 March 2019 7:59 AM GMT
Mukesh’s help saves day for Anil as RCom makes Rs 550 crores payment to Ericsson
New Delhi | Embattled billionaire Anil Ambani Monday warded off a possible jail term as RCom cleared dues of a Swedish service provider at the eleventh hour with money received from elder brother Mukesh and his wife Nita, whom he thanked for standing ...19 March 2019 1:32 AM GMT
RCom pays 458.77 crore to Ericsson; Anil Ambani wards off possible jail term
New Delhi | A day before the expiry of Supreme Court set deadline, Reliance Communications Monday paid Rs 458.77 crore to Swedish telecom equipment maker Ericsson, clearing outstanding dues and fending-off a possible jail term for its billionaire Chai...18 March 2019 11:06 AM GMT
Anil Ambani saves himself a prison term
It was almost D-day for Anil Ambani as he had to cough up an amount of ₹ 453 crore by tomorrow or face three months behind bars, as per Supreme Court orders. Just last month the Supreme Court had held Anil Ambani and two other directors of Reliance...18 March 2019 9:56 AM GMT