Anil Ambani's Reliance Communications has been accused of loan fraud exceeding ₹14,000 crore, according to ED sources. SBI has labelled RCo...

State Bank of India has labeled Reliance Communications and Anil D Ambani as fraudulent. The bank is preparing to file a complaint with the...

Reliance Infrastructure and Reliance Power on Thursday said SBI’s classification of Reliance Communications’ loan account as fraud has no i...

Shares of Reliance Power and Reliance Infrastructure fell sharply after SBI classified Reliance Communications’ loan as fraud, implicating ...

SBI has classified Reliance Communications' loan account as fraud, citing diversion of funds and misuse of invoices. Anil Ambani's legal te...

State Bank of India has flagged Reliance Communications’ long-standing loan as “fraud” and named its former director Anil Ambani to the Res...

Reliance Communications, once a telecom giant, faced a steep decline due to debt and competition. State Bank of India has now flagged RCom'...

According to the Sarfaesi Act, asset reconstruction companies that take over stressed assets from lenders cannot infuse equity into an inso...

The ministry and IBBI, in separate letters to the central bank, said its refusal is likely to impact insolvencies across sectors, two peopl...

The immediate impact of the RBI’s decision will be felt by UV Asset Reconstruction Company, which was awaiting approval to take over telco ...

Even the "mighty" house of Tatas had to "gift away" their telecom business (to Airtel), Anil Ambani asserted.

RCom plans to monetise spectrum assets in the 800MHz, 900MHz, 1800MHz and 2100MHz bands by sharing and trading with other Indian telcos, mo...

As part of the asset monetisation plan, to be completed by March 2018, the telco expects to raise Rs 17,000 crore through sale of assets su...

Anil Ambani sought to assuage investor concerns on RCom's financial situation after a delay on some interest payments and a downgrade of de...

If RCom's debt turns into NPA, it will add to the already massive burden on the banking system, which is grappling with stressed loans of m...

SSTL’s comments come amid news of the FIPB rejecting its application to increase foreign holding beyond 74 per cent for a second time.

RCOM may present its Indian minority shareholders the option of swapping their shares with MTN at the same rate as its promoters, ADAG. Hot...