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After Rafale Deal, Huge Tax Waiver For Anil Ambani's French Firm: Report

France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Anil Ambani's Reliance Communications in 2015, months after India's announcement of buying 36 Rafale jets, French newspaper Le Monde reported today. Reliance ...
Sunday, April 14, 2019

No political interference in tax settlement with Anil Ambani's firm: France

NEW DELHI: In the wake of reports that it granted huge tax waiver to Anil Ambani's French firm, France Saturday said a global settlement was reached between the French tax authorities and the Reliance subsidiary and that it was not subject to any political ...
Sunday, April 14, 2019

Anil Ambani's RCom got 143.7 million euro tax waiver after Rafale deal announcement: French newspaper

NEW DELHI: France waived taxes worth 143.7 million euros to a French-registered telecom subsidiary of Anil Ambani's Reliance Communications in 2015, months after India's announcement of buying 36 Rafale jets, a leading French newspaper Le Monde ...
Sunday, April 14, 2019

Mukesh Ambani bailing out brother Anil may be watershed moment in their relationship: Experts

Richest Indian Mukesh Ambani saving younger brother Anil Ambani from jail by helping his struggling telecom firm repay Swedish supplier Ericsson may be a watershed moment in the relationship between the two brothers, who have in the past publicly ...
Tuesday, March 19, 2019

Anil Ambani's tale of riches to rags

Soon after his death, his two sons, Mukesh Ambani and the younger Anil Ambani got engaged in a bitter battle for the inheritance and control over India's largest business conglomerate. It was only when their mother, Kokilaben, brokered a demerger of the ...
Tuesday, March 19, 2019

Anil Ambani thanks elder brother Mukesh Ambani for paying Ericsson dues

Rcom has paid Ericsson nearly Rs 580 crore including penalty interests, thereby ensuring the telco's chairman Anil Ambani does not go to jail. With Monday's payment of Rs462 crore including some interests, the debt-laden telco ends its 18-month long battle ...
Tuesday, March 19, 2019

Anil Ambani thanks Mukesh, Nita for helping pay off Rs 550 crore Ericsson debt

RCom chairman Anil Ambani Monday thanked his brother Mukesh and his wife Nita for extending "timely support" after his debt-laden firm Reliance Communication cleared payments due to a service provider just a day before the expiry of the deadline set by ...
Tuesday, March 19, 2019

"Deeply Touched": Anil Ambani Thanks Brother Mukesh For Last-Minute Save

Just when industrialist Anil Ambani seemed set for a three-month jail term for failing to clear crores in dues owed to Swedish service provider Ericsson, his brother - Mukesh - on Monday stepped in to save the day. With the help of his brother's "timely support", ...
Tuesday, March 19, 2019

Mukesh Ambani bails out Anil in Ericsson payout case day before SC deadline

Billionaire Mukesh Ambani stepped in to bail out younger brother Anil Ambani by helping him repay Reliance Communications' (RCom's) dues to Ericsson. The last-minute rescue spares the younger Ambani a three-month jail term for contempt of court.
Tuesday, March 19, 2019

Anil Ambani thanks Mukesh, Nita for timely support in clearing RCom dues

Billionaire Anil Ambani on Monday thanked his brother Mukesh and his wife Nita for extending “timely support” after his debt-laden firm Reliance Communication cleared payments due to a service provider just a day before expiry of deadline set by the ...
Tuesday, March 19, 2019

Anil Ambani's RCom stocks jump after Mukesh Ambani bails him out on Ericsson dues

Shares of Anil Ambani-led Reliance Communications Ltd (RCom) were locked in the upper circuit on Tuesday after his elder brother Mukesh Ambani helped pay off debt owed to Sweden's Ericsson. Telecom equipment maker Ericsson received Rs 4.62 billion ...
Tuesday, March 19, 2019

Anil Ambani thanks Mukesh Ambani, Nita for timely support in clearing RCom dues

Billionaire Anil Ambani on Monday thanked his brother Mukesh and his wife Nita for extending “timely support” after his debt-laden firm Reliance Communication cleared payments due to a service provider just a day before expiry of deadline set by the ...
Tuesday, March 19, 2019

'Deeply grateful': Anil Ambani thanks his brother Mukesh Ambani for paying Ericsson dues

Asia's richest man Mukesh Ambani has helped his younger brother avert a stint in jail, stepping in to make an $80 million payment for his sibling Anil whose telecom-to-infrastructure empire is struggling under the weight of debt. The embattled former ...
Tuesday, March 19, 2019

Ericsson case: Clear dues or face jail, Supreme Court tells Anil Ambani

NEW DELHI: The Supreme Court on Wednesday held Reliance Communication (RCom) chairman Anil Ambani and two directors guilty in a contempt of court petition filed by Ericsson India over not clearing its dues. The top court stated that Ambani and other ...
Wednesday, February 20, 2019

Pay Rs 453 cr or go to jail: SC holds Anil Ambani guilty of contempt in ...

Ericsson AB filed three contempt petitions against RCom and Anil Ambani for failing to clear Rs 550 crore of dues. Senior advocate Dushyant Dave, appearing for Ericsson India, argued that the court had ordered RCom to pay the amount by September 30 ...
Wednesday, February 20, 2019

एरिक्सन केसः ADAG चेयरमैन अनिल अंबानी व अन्य अवमानना के दोषी, जा सकते हैं जेल

सुप्रीम कोर्ट ने रिलायंस कम्‍युनिकेशंस के अध्यक्ष अनिल अंबानी को जानबूझ कर उसके आदेश का उल्लंघन करने और टेलिकॉम उपकरण बनाने वाली कंपनी एरिक्सन को 550 करोड़ रुपये बकाया भुगतान नहीं करने पर बुधवार को अदालत की अवमानना का दोषी करार दिया। सुप्रीम कोर्ट ने कहा कि अंबानी, रिलायंस टेलिकॉम के अध्यक्ष सतीश सेठ और रिलायंस इंफ्राटेल की अध्यक्ष छाया विरानी ने कोर्ट में दिए गए आश्वासनों और इससे जुड़े आदेशों का उल्लंघन किया है। कोर्ट ने सख्ती से कहा कि एरिक्सन को 4 हफ्ते में 453 करोड़ रुपये चुकाने होंगे। तय समय में भुगतान नहीं करने पर उन्हें तीन महीने जेल की सजा भुगतनी ...

Will pay up, RCom says after SC threatens to jail Anil Ambani in Ericsson debt ...

Troubles for Anil Ambani, the chairman of the Anil Dhirubhai Ambani group, seem to be mounting, with the Supreme Court on Wednesday directing him to pay Rs 453 crore to equipment supplier Ericsson within four weeks or face a three-month jail term.
Wednesday, February 20, 2019

Can Anil Ambani save himself from going to jail?

The Supreme Court of India has directed Reliance Communications' chairman Anil Ambani to clear Rs 550 crore worth of dues of its operational creditor Ericsson or face jail term of three months. The apex court has come down heavily on Ambani for his ...
Wednesday, February 20, 2019

Foreign Media On Anil Ambani And India's Mountain Of Bad Debt

In a remarkable warning to India's elite, the nation's top court said it will put one of the country's most prominent business executives behind bars unless his group pays its dues. It's the latest twist in a dispute that helped push billionaire Anil ...
Wednesday, February 20, 2019

Anil Ambani will go to jail unless Reliance Communications pays up: Supreme Court

NEW DELHI: The Supreme Court held Reliance Communications (RCom) chairman Anil Ambani in contempt for not paying Ericsson's dues worth Rs 550 crore despite having the money to do so, threatening to send the businessman to jail for three months if ...
Wednesday, February 20, 2019

The call Anil Ambani never got from his billionaire big brother

A deal between brothers Anil Ambani of Reliance Group and Mukesh Ambani of Reliance Industries fell through and now Anil not only faces arrest if he doesn't pay off dues to Swedish telecom equipment maker Ericsson in a month but also has little hope of ...
Wednesday, February 20, 2019

The call Anil Ambani never got from Mukesh Ambani

A deal between brothers Anil Ambani of Reliance Group and Mukesh Ambani of Reliance Industries fell through and now Anil not only faces arrest if he doesn't pay off dues to Swedish telecom equipment maker Ericsson in a month but also has little hope of ...
Wednesday, February 20, 2019

Anil Ambani lost $408 million of personal wealth since January this year: report

Back in 2006, Anil Ambani was the third richest Indian as per Forbes with a net worth of $14.8 billion. His biggest asset was a 65% stake in telecom venture Reliance Communications (RCom), his flagship company. Come 2019, RCom filed for bankruptcy and ...
Wednesday, February 20, 2019

The call Anil Ambani never got from Jio

A deal between brothers Anil Ambani of Reliance Group and Mukesh Ambani of Reliance Industries fell through and now Anil not only faces arrest if he doesn't pay off dues to Swedish telecom equipment maker Ericsson in a month but also has little hope of ...
Wednesday, February 20, 2019

Anil Ambani's bankruptcy filing may have a clear winner, his elder brother

In a twist to the tale of two rival billionaire brothers in India, a bankruptcy filing by Anil Ambani's wireless carrier could have one clear winner -- his elder sibling's disruptive mobile phone unit. The process initiated Friday in Mumbai, once ...
Tuesday, February 5, 2019

Shares of Anil Ambani's RCom dive 48% on bankruptcy announcement

Shares of Reliance Communications plunged by over 48% in morning trade today, dropping to an all-time low of Rs 6. On Friday, the Anil Ambani company announced in a regulatory filing that it will be filing for bankruptcy and will seek fast-track ...
Tuesday, February 5, 2019

RCom और अनिल अंबानी, अर्श से फर्श पर गिरने की कहानी

नई दिल्ली कर्ज में दबी अनिल अंबानी की कंपनी रिलायंस कम्युनिकेशंस ने बैंकरप्ट्सी कोर्ट का रुख किया तो सोमवार को उनकी कंपनी के शेयर पहले 45 मिनट में ही 54.3 फीसदी तक गिर गए। आरकॉम के शेयरों की दर 5.3 रुपये के रेकॉर्ड निचले स्तर आ गई थी। कंपनी के लिए बुरी खबर यहीं खत्म नहीं हो जाती। टेलिकॉम इक्विपमेंट कंपनी एरिक्सन सुप्रीम कोर्ट में याचिका दायर कर चेयरमैन अनिल अंबानी की सारी निजी संपत्ति पर दावा करने जा रही है। बंटवारे में RCom अनिल के नाम RCom धीरूभाई अंबानी के छोटे बेटे अनिल अंबानी के कारोबार का हिस्सा है, जिन्होंने 2006 में बड़े भाई मुकेश अंबानी से कंपनियों का ...

Telecom department to okay RCom's spectrum sale by Monday in big relief for ...

The telecom department has informed the Supreme Court that it will give its nod to Reliance Communications' spectrum sale by Monday morning, providing big relief to the Anil Ambani owned telco which can then go ahead with its asset sale and pay off its ...
Wednesday, December 12, 2018

Anil Ambani Says Rafale Order Proves "Falsity Of Allegations Against Me"

Allegations that the government had helped Anil Ambani's Reliance Defence bag the offset contract were also dismissed by the court, which said: "There is no evidence of commercial favouritism." The judges asserted that "perception by individuals cannot ...
Wednesday, December 12, 2018

Anil Ambani welcomes SC order on Rafale

NEW DELHI: Reliance Group Chairman Anil Ambani Friday welcomed the Supreme Court order on the multi-billion dollar Rafale jet deal, saying it established the falsity of politically motivated allegations against his firm. In its ruling on a batch of ...
Wednesday, December 12, 2018

Isha Ambani Wedding: 'तूने मारी एंट्रियां रे दिल में बजी घंटियां' गाने पर जब Hillary Clinton ने किया जमकर डांस

बता दें, आज 12 दिसंबर को मुकेश अंबानी (Mukesh Ambani) की बेटी ईशा अंबानी (Isha Ambani) की पीरामल ग्रुप (Piramal Group) के चेयरमैन के बेटे आनंद पीरामल (Anand Piramal) से हो रही है. ये शादी मुम्बई में मुकेश अंबानी के घर अंटालिया (Mukesh Ambani's House Antilia) में हो रही है. शादी की तैयारियां जोरों पर हैं. पूरे 27 फ्लोर के अंटालिया (Antilia) को पूरी तरह से सजा दिया गया है. ईशा अंबानी की शादी (Isha Ambani Wedding) का जश्न पिछले कुछ दिनों से जारी है. इससे पहले पूरे अंबानी परिवार (Ambani Family) ने उदयपुर के ओबरॉय उदय विला (Oberoi Udaivilas) और सिटी पैलेस (City Palace) संगीत सेरेमनी का जश्न (Isha Ambani Sangeet ...
Wednesday, December 12, 2018

Anil Ambani-led RCom moves Supreme Court against DoT

In December 2017, as a part of its debt resolution plan, Anil Ambani's Reliance Communications (RCom) had struck a Rs 25,000-crore deal with elder brother Mukesh's Reliance Jio (RJio) for the sale of its towers, spectrum and fibre assets mortgaged with ...
Wednesday, December 12, 2018

Can't settle Ericsson dues of Rs 550 cr by given deadline: RCom tells SC

MUMBAI: Reliance Communications has told the Supreme Court that it cannot pay Ericsson Rs 550 crore by the December 15 deadline because the government has not cleared its spectrum sale to Reliance Jio Infocomm, raising fears that the Anil ...
Wednesday, December 12, 2018