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Latest Articles in anil ambani

Reliance Capital To Exit Lending Business, Shares Hit Two-Decade Low

Reliance Capital currently lends to small and medium enterprises through unit Reliance Money and to home buyers via Reliance home finance. Both these businesses accounted for about 15% of the company's revenue last financial year.

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Reliance Group's Anil Ambani Says Will Make Timely Debt Service Payments

We at the Reliance Group are fully committed to meet our future debt servicing obligations in a timely manner through further asset monetization plans that are already at various stages of implementation: Anil Ambani

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Anil Ambani To Withdraw Defamation Suits Against Cong, Herald

The formal process to withdraw the suits will be taken up in the court when it resumes after the summer vacation

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Reliance Communications Jumps After Mukesh Ambani Bails Out Brother Anil On Ericsson Dues

Telecom equipment maker Ericsson received Rs 4.62 billion from RCom as unpaid dues from a deal it had signed in 2014

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Supreme Court Finds Anil Ambani Guilty Of Contempt In Ericsson Case

The court asked billionaire Ambani and two directors of RCom to pay Rs 4.5 billion to Ericsson within four weeks

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Supreme Court Gives Govt 10 Days To Reveal Details Of Military Jet Deal

The ruling came in a hearing on petitions including a joint plea by former government ministers Yashwant Sinha and Arun Shourie, along with lawyer and activist Prashant Bhushan, on the jet deal

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RCom To Exit Telecom Completely To Focus On Real Estate: Anil Ambani

The first priority for RCom is to resolve its over Rs 40,000 crore debt, Ambani told shareholders at the company's 14th annual general meeting

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Supreme Court Defers Asset Sale Permission To RCom

State Bank of India, one of RCom's biggest creditors had filed a petition to the Supreme Court to allow the sale to go through even as Ericsson's case remains at the arbitration tribunal.

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Slowly Slipping Down

At 25th position, Anil Ambani’s wealth is shrinking and his businesses are declining

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RCom Outlines New Debt Reduction Plan With No Write-Offs

RCom, as the company is widely known, would have debt of below 60 billion rupees after the asset sales, which are expected to close between January and March 2018, Ambani

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RCom's Loss, Missed Payments Send Shares Plunging To Record Low

With a net of debt of 443 billion rupees as of end-March, RCom is the most leveraged among listed Indian telecom companies

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RComm Says In Talks With Parties Over Sale Of Tower Business

The deal with Brookfield Infrastructure Group for tower transaction was condition precedent based on the demerger of wireless division of the company with Aircel, which was called off by the company and Aircel on mutual consent on October 1, 2017

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Dhirubhai Ambani Aerospace Park foundation To Be Laid On Oct 27

French Defence Minister Florence Parly, top officials of Dassault Aviation and Anil Ambani will attend the foundation-stone laying ceremony of Dhirubhai Ambani Aerospace Park

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RCom To Focus On 4G Broadband Service - Shutdown Of Wireless Business On Cards?

Earlier this month, RCom said it would evaluate an alternative plan for the mobile business after a deal fell through to merge the unit with rival Aircel

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India's Rich Get Richer, Mukesh Ambani Retains Top Slot:Forbes

Anil Ambani, Mukesh's younger brother, was ranked much lower at 45th place with USD 3.15 billion. He was ranked 32nd in 2016 (USD 3.4 billion) and 29th a year before that

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