The Supreme Court on Tuesday dismissed an appeal by the Department of Telecommunications (DoT) against a Telecom Dispute Settlement Appellate Tribunal (TDSAT) order which held that liabilities of past dues related to spectrum usage charges (SUC) rested only with Reliance Communications (RCom) — the seller — and not the buyer of its 800 MHz spectrum, […]
The DRI is probing at least 40 companies, including two companies of the Adani Group, two Essar Group firms and a few public sector power firms, for alleged overvaluation of coal imports from Indonesia pegged at Rs 29,000 crore.
State-owned China Development Bank, with loans worth 98.6 billion rupees ($1.4 billion) was the biggest creditor to the indebted telecom company, according to a filing made by the Indian company to stock exchanges.
PWC cited the companies' failure to convene audit committee meetings within the expected time, despite multiple letters of intent sent to them, as one of the reasons for the resignation, the firms had informed stock exchanges.
Speaking over a conference call, Ambani said that this amount included inter alia debt servicing payments by Reliance Capital Group, Reliance Power group and Reliance Infra Group, and their respective affiliates.
Congress President Rahul Gandhi is rightly being credited for the grand old party's victory in three crucial states in the Hindi heartland. But what did he do right? It was not the promise of better governance. Manoj CG explains what really worked.
Mumbai, Jan 11 (ANI): Reliance Defence has signed an accord with Andhra Pradesh Government to set up a naval facility along the country’s coast with an initial investment of Rs.50 billion. Reliance Defence, a unit of billionaire Anil Ambani’s Reliance Infrastructure, plans to build submarines and aircraft carriers as well as to provide services including maintenance and refitting of ships at the facility. Reliance Chairman Ambani cited estimates saying the Indian navy could spend nearly 200 billion rupees annually over the next 15 years on acquisitions and fleet modernisation of submarines and aircraft carriers.