Jio to acquire some of Bharti Airtel’s spectrum resources for Rs 1,497 crore

According to a statement from the companies, the agreement will see Jio acquire a portion of spectrum in the 800 MHz band in these circles at an aggregate value of Rs 1,497 crore.

published on : 7th April 2021

Jio inks pact with Airtel to buy spectrum in 800 MHz band; deal valued at Rs 1,497 crore

This marks the first such deal between the two telecom giants.

published on : 6th April 2021

Reliance extends deadline to conclude deal with Future Group by six months

Long stop refers to a timeframe in which all the conditions precedent for deal are met for the transaction to be completed. 

published on : 3rd April 2021

Reliance Retail extends deadline to complete Rs 24,713 crore deal with Future Group

The deal, which is contested by Amazon, is facing legal hurdles and a decision from the Supreme Court is pending over the petition filed by the e-commerce major.

published on : 2nd April 2021

Reliance Jio rivals cement turnaround, add to active subscriber base in January

While Jio still holds the lead in terms of gross subscribers, its low proportion of active subscribers has left it behind Airtel on the latter front. 

published on : 20th March 2021

Delhi HC judgement would have not come in way of NCLT proceedings, says Future Group

'The Supreme Court has directed that, in the meantime, the NCLT proceedings will be allowed to go on but will not culminate in any final order of sanction of scheme,' said Future Retail.

published on : 19th March 2021

Delhi HC stalls RIL-Future deal; asks Kishore Biyani why he shouldn’t be imprisoned

The Court has also directed for the attachment of assets of Biyani and other FRL shareholders.

published on : 18th March 2021

Reliance Industries Limited refutes reports of Nita Ambani joining BHU as visiting faculty

Several media houses had reported that students staged a demonstration at Banaras Hindu University on Tuesday opposing a proposal to make Nita Ambani a visiting professor. 

published on : 17th March 2021

BHU students oppose proposal to make Nita Ambani as visitng professor

Shubham Tiwari, one of the protesting students, said instead of Ambani, those who have set an example of women empowerment should be invited.

published on : 17th March 2021

Enterprise is new big business for telecom firms

Among those who are active in the space, the Tata group and Airtel both have a greater focus toward larger enterprises, with the former not present in the MSME space at all.

published on : 13th March 2021

DoT to issue demand notes to telecom firms on upfront payment for spectrum bought in auctions

DoT sources told PTI that the demand notes will be sent out to the three companies this week, and entails largely the upfront payment for spectrum that is ready to be allocated.

published on : 7th March 2021

Reliance HF defaults on loan payment to PSB

RHFL’s total obligation on the 5-year tenure secured term loan at 9.25 per cent per annum is Rs 200 crore. 

published on : 7th March 2021

Reliance Home Finance defaults on Rs 40 crore loan repayment to Punjab & Sind Bank

RHFL said the lenders of the company are already into an Inter-Creditor Agreement (ICA) for arriving at the debt resolution plan in accordance with RBI.

published on : 6th March 2021

Reliance Industries to cover COVID-19 vaccination costs for employees, families

Reliance Foundation chairperson Nita Ambani further urged all those employees eligible to get vaccinated under the government's COVID-19 vaccination programme to register quickly.

published on : 5th March 2021

You played 'Narad' to block Reliance-Future deal: FMCG distributors to Amazon CEO Jeff Bezos

In a letter, the association said hundreds of their members and families are suffering on account of Amazon's unwarranted adventurism.

published on : 4th March 2021
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