Anil Ambani may sell Big FM to Dainik Jagran for Rs 1,200 crore

Reliance Communication (RCom) chairman Anil Ambani who is not having a good time in business may have found a buyer for Reliance Broadcast Network (RBN) which operates Big FM radio channel. Continue Reading

SC orders Anil Ambani to pay Rs 453 cr or go to jail

The Supreme Court today held Reliance Communication (RCom) chairman Anil Ambani guilty of contempt of court in a case related to Ericsson India and said he will go to jail if Rs 453 crore in dues is not paid to the telecom equipment maker. Continue Reading

Reliance group firms recommend legal action to protect shareholders

A day after accusing L&T and Edelweiss entities of causing huge market value erosion by “illegal and motivated” sale of their pledged shares, Anil Ambani-led Reliance Group said boards of its three listed firms have recommended “all appropriate legal steps”…. Continue Reading

Resolve your dispute, Ambani brothers: SC on RCom case

As Mukesh Ambani-led Reliance Jio refused to give undertaking to comply with the Centre’s guidelines to purchase Anil Ambani-led RCom’s telecom assets, the Supreme Court has asked the two brothers to resolve the dispute between them. Continue Reading

SC seeks Ambani’s response on Ericsson’s contempt petition 

he Supreme Court on Monday issued notice to Reliance Communication Ltd (RCom) Chairman Anil Dhirubhai Ambani and others on a contempt petition filed by Ericsson India over non-payment of its dues. A bench headed by Justice R F Nariman sought a response from Ambani and others in four weeks.  Continue Reading