August 19, 2020 10:16 pm
Salve, during nearly two-hour hearing, told the bench that there is no question of sale of spectrum without the nod of DoT and even the resolution applicant says the plan involves sale of right to use spectrum, only subject to DoT approval.
August 14, 2020 7:52 pm
Spectrum is a government property, not private, and anyone using it is liable to pay the dues, the apex court said.
January 07, 2020 11:40 am
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) had on December 21, 2018, directed the Centre to return around Rs 104 crore after encashing bank guarantee of Rs 908 crore against spectrum charges of Rs 774 crore.
November 29, 2019 4:51 pm
On the BSE, the stock settled 3.85 per cent up at 81 paise. The stock has gained over 42 per cent in nine trading sessions.
February 20, 2019 1:52 pm
After Rcom, which has a debt of more than Rs 47,000 crore, failed to pay Ericsson, it moved an insolvency petition in the National Company Law Tribunal (NCLT).
February 06, 2019 1:52 pm
On Monday, RCom stock ended nearly 35 percent lower and fell by another 28.5 percent the next day after the company decided to opt for insolvency proceedings.
February 02, 2019 7:24 am
The RCom board noted that despite the passage of over 18 months, lenders have received zero proceeds from the proposed asset monetisation plans, and the overall debt resolution process is yet to make any headway, the statement said.
September 19, 2018 2:24 am
Anil Ambani also thanked his elder brother Mukesh Ambani, who is credited with conceptualising the undivided group's telecom foray and also bought the assets as part of the beleaguered RCom's monetisation efforts.
March 07, 2018 3:25 pm
An arbitration tribunal in an interim order has restrained the debt-ridden company from sale, transfer or mortgaging of assets.
January 16, 2018 4:05 pm
RCom has announced an undersea cable to run over 68,000 kms, expected to cost $600 million, that will help connect India to parts of Asia and Europe.