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Reliance's $50 Billion Wipeout Shows Toll of Weak Earnings
Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown.
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Anil Ambani Can't Hold Key Managerial Post In Listed Firms For 5 Years: SEBI
Reliance Group Chairman Anil Ambani cannot hold a key managerial position in any listed company for five years, the capital markets regulator SEBI said in an order today.
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Reliance Capital's Joint Auditor Guilty Of Overlooking Fraud: Regulator
The National Financial Reporting Authority (NFRA) has held the joint auditor of Reliance Capital guilty of professional misconduct for deliberately overlooking the Price Waterhouse (PW) report of suspected fraud regarding loans and investments.
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RBI Clears Resolution Plan For Debt-Ridden Reliance Capital
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital.
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In Delhi Climate Plan Draft, Less Reliance On Other States For Hydropower
The Delhi government's draft action plan proposes a reduction in the national capital's reliance on hydropower from other states, taking into account potential future challenges to generation capacity due to changes in temperature and precipitation.
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Telecom Firms Surpass 3-Year 5G Rollout Target In 6 Months: Official
Both Reliance Jio and Bharti Airtel have been rolling out a 5G network across the country. However, debt-ridden Vodafone Idea is awaiting fund raise post which it will infuse capital for rolling out 5G services.
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Reliance Capital Resolution: Notice Issued To Torrent Investments By Appellate Tribunal
Vistra ITCL (India) Ltd, one of the members of the Committee of Creditors of Reliance Capital, has moved NCLAT against an NCLT order.
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Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity
Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133 crore, the mobile carrier said.
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Best Offer For Reliance Capital 60% Below Aggregate Liquidation Value: Report
The firm has since failed to make several debt and interest payments on debentures.
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Jio Says Its 5G Services Now Cover Entire National Capital Region
Reliance Jio Infocomm today said Jio is the only operator now to provide 5G services across the entire National Capital Region (NCR), including Delhi, Gurugram, Noida, Ghaziabad and Faridabad.
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LIC's Decision To Sell Reliance Capital's Debt Upsets Lenders, Bidders
Days ahead of the deadline to submit binding bids, LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders.
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Piramal Capital Withdraws Insolvency Proceedings Against Reliance Power
Piramal Capital and Housing Finance Ltd has withdrawn the insolvency proceedings against Reliance Power Ltd.
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Reliance Capital Reverses Losses Reports Rs 215 Crore Profit In Q2
Reliance Capital, which is undergoing insolvency process, posted a consolidated net profit of Rs 215.23 crore for the quarter ended September 2022.
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Reliance Capital Lenders To Decide On 'Challenge Mechanism' Clause On Friday
Lenders of Reliance Capital will meet on Friday to decide on the 'Challenge Mechanism' clause in the resolution process, sources said.
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Reliance Jio 5G Beta Trials Begin in Delhi and Other Cities With Over 1Gbps Download Speed
Reliance Jio on Thursday started beta trials of 5G services in the national capital along with three other cities — Mumbai, Kolkata and Varanasi — with users getting download speed of over 1Gbps. At Chanakyapuri, in Lutyens' Zone of New Delhi, the users got internet speed of over 1Gbps. During the trial, the company said, "Now 5G services will ...
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Reliance's $50 Billion Wipeout Shows Toll of Weak Earnings
Reliance Industries Ltd. has erased almost $50 billion in market capitalization since its peak in July as the most valuable Indian firm struggles with weakening earnings and an economic slowdown.
-
Anil Ambani Can't Hold Key Managerial Post In Listed Firms For 5 Years: SEBI
Reliance Group Chairman Anil Ambani cannot hold a key managerial position in any listed company for five years, the capital markets regulator SEBI said in an order today.
-
Reliance Capital's Joint Auditor Guilty Of Overlooking Fraud: Regulator
The National Financial Reporting Authority (NFRA) has held the joint auditor of Reliance Capital guilty of professional misconduct for deliberately overlooking the Price Waterhouse (PW) report of suspected fraud regarding loans and investments.
-
RBI Clears Resolution Plan For Debt-Ridden Reliance Capital
The Reserve Bank on Friday approved the resolution plan for debt-ridden Reliance Capital.
-
In Delhi Climate Plan Draft, Less Reliance On Other States For Hydropower
The Delhi government's draft action plan proposes a reduction in the national capital's reliance on hydropower from other states, taking into account potential future challenges to generation capacity due to changes in temperature and precipitation.
-
Telecom Firms Surpass 3-Year 5G Rollout Target In 6 Months: Official
Both Reliance Jio and Bharti Airtel have been rolling out a 5G network across the country. However, debt-ridden Vodafone Idea is awaiting fund raise post which it will infuse capital for rolling out 5G services.
-
Reliance Capital Resolution: Notice Issued To Torrent Investments By Appellate Tribunal
Vistra ITCL (India) Ltd, one of the members of the Committee of Creditors of Reliance Capital, has moved NCLAT against an NCLT order.
-
Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity
Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133 crore, the mobile carrier said.
-
Best Offer For Reliance Capital 60% Below Aggregate Liquidation Value: Report
The firm has since failed to make several debt and interest payments on debentures.
-
Jio Says Its 5G Services Now Cover Entire National Capital Region
Reliance Jio Infocomm today said Jio is the only operator now to provide 5G services across the entire National Capital Region (NCR), including Delhi, Gurugram, Noida, Ghaziabad and Faridabad.
-
LIC's Decision To Sell Reliance Capital's Debt Upsets Lenders, Bidders
Days ahead of the deadline to submit binding bids, LIC's move to sell its Rs 3,400 crore secured principal debt of cash-strapped Reliance Capital Ltd (RCL) to an asset reconstruction company (ARC) has irked its lenders and bidders.
-
Piramal Capital Withdraws Insolvency Proceedings Against Reliance Power
Piramal Capital and Housing Finance Ltd has withdrawn the insolvency proceedings against Reliance Power Ltd.
-
Reliance Capital Reverses Losses Reports Rs 215 Crore Profit In Q2
Reliance Capital, which is undergoing insolvency process, posted a consolidated net profit of Rs 215.23 crore for the quarter ended September 2022.
-
Reliance Capital Lenders To Decide On 'Challenge Mechanism' Clause On Friday
Lenders of Reliance Capital will meet on Friday to decide on the 'Challenge Mechanism' clause in the resolution process, sources said.
-
Reliance Jio 5G Beta Trials Begin in Delhi and Other Cities With Over 1Gbps Download Speed
Reliance Jio on Thursday started beta trials of 5G services in the national capital along with three other cities — Mumbai, Kolkata and Varanasi — with users getting download speed of over 1Gbps. At Chanakyapuri, in Lutyens' Zone of New Delhi, the users got internet speed of over 1Gbps. During the trial, the company said, "Now 5G services will ...
