RCom’s Punit Garg to be non-executive director

“We wish to inform you that Shri Punit Garg…has ceased to be the Executive Director of the company with effect from 5 April. (He) will continue on the board of the company as non-executive director…,” RCom said in a regulatory filing. Continue Reading

Anil has money to invest in Rafale but can’t clear dues: Ericsson

Responding to that, Anil Ambani told the top court that with the failure of its assets sale deal with elder brother Mukesh Ambani-led Reliance Jio, his company has entered insolvency proceedings and is not in control of the funds. 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