You Searched For "RCom"
Business Headlines: Modi’s 5 Trillion $ Economy Promise: Hallucination or Reality?
Prime Minister Narendra Modi, addressing the 5th meeting of the Governing Council of NITI Aayog on the 15th of June in New Delhi said that the government’s goal was to make India a 5 Trillion $ economy by 2024. However, taking ground level realities ...19 Jun 2019 10:42 AM GMT
What do the Chinese want with Anil Ambani?
ADAG Group Chairman Anil Ambani may soon be out of the prestigious billionaires club. With his wealth depleting and debt piling up, his net worth may soon drop below $ 1 Billion. Over a decade ago, in March 2006, a few years after the division of the ...19 Jun 2019 8:04 AM GMT
What are the real figures Mr. Ambani
The blatant window dressing of financial statements, has been the key feature of India’s NPA crisis, which defies resolution. As part of this dubious scheme of things, the most ineligible borrowers were made eligible, by cooking up their financial...14 Jun 2019 8:57 AM GMT
Business Tit-Bits| What are the real figures Mr. Ambani?
Anil Ambani recently claimed that his companies have repaid Rs.35000 crores of loans, of which he says that Rs.25000 cr.is principal repaid and Rs.10000 cr. is towards interest. However, he gives no details whatsoever of paid how, when and to whom....14 Jun 2019 7:30 AM GMT
Business Headlines: How did a nearly bankrupt Anil Ambani repay his debt?
The Anil Ambani led ADAG Group is facing unprecedented problems. Its listed entities are reduced to market capitalization of ₹ 20,500 crore from upward of ₹ 4,00,000 crore a decade ago. We take a look at the companies under its umbrella and what...12 Jun 2019 7:30 AM GMT
Its official! Anil Ambani’s RCom is bankrupt
RCom had sought to exclude the company for the period from May 30, 2018, to April 30, 2019, at the last hearing. New Delhi| Anil Ambani-led RCom, Reliance’s telecommunication company has now officially been declared as bankrupt. The...10 May 2019 1:22 AM GMT
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