News for Reliance Communications Limited (RCOM.BO)

Indian markets fell for the fifth straight session, with IT, energy, and metal stocks facing heavy selling. Analysts predict further correction, with Niftys support at 22,450 and resistance around 22,700, indicating short-term bearish sentiment.

Prestige Estates to launch ₹52,000 crore housing projects, ACME Solar secures ₹3,753 crore loan, Dr Reddy's recalls medications.

Top News Today: Will Arvind Kejriwal will get bail? The Supreme Court is all set to deliver its verdict today. Meanwhile, Western Carriers (India) and Deccan Transcon Leasing IPOs will open for subscription.

Anil Ambani's Reliance Power shares fell 5% for the third consecutive day after SEBI barred Ambani from the securities market due to fund siphoning allegations. Shares of Reliance Home Finance and Reliance Communications also dropped. Despite Ambanis resignation, Reliance Power claimed the SEBI order does not impact its operations.

Reliance group shares plummet after Sebi bans Anil Ambani, imposes fines for fund diversion at RHFL.

Anil Ambani Group Stocks, Reliance Power, Reliance Infra Share Price Updates 26 Aug 2024: Reliance Power, Reliance Infrastructure and Reliance Home Finance stocks are in focus. SEBI recently barred industrialist Anil Ambani and 24 others, including former officials of Reliance Home Finance (RHFL), from accessing the securities market for five years for diversion of funds. Anil Ambani is taking legal advice on the order. “Ambani is reviewing the Final Order dated 22 August 2024 passed by SEBI in the said matter, and will take appropriate next steps as legally advised,” said Ambani’s spokesperson.

Shares of Anil Dhirubhai Ambani Group dropped by up to 14% after Sebi barred Anil Ambani from the securities market for five years over fund siphoning allegations from Reliance Home Finance. Reliance Home Finance and Reliance Power shares fell 5%, while Reliance Infrastructure shares plummeted 14%. Trading in some other group companies remains suspended.

Sebi bans Anil Ambani news: According to a PTI report, Sebi has barred Anil Ambani, and 24 other entities, from the securities market for a period of five years

Stocks to watch today, August 12, 2024: GIFT Nifty indicates a negative start for the benchmark equity indices on Monday. Here is the list of buzzing stocks to watch during today's trading session

The filing attached an order of the National Company Law Tribunal's Mumbai bench in the matter of application filed by the resolution professional of Reliance Communications (RCom), seeking approval from the NCLT for undertaking the sale of certain unencumbered assets of the company.

Reliance Communications Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 970 million...

Q2 Results: Today, a handful of major companies will be releasing their Q2 results, including Coal India Ltd, Eicher Motors Ltd, Hindalco Industries Ltd, Oil And Natural Gas Corporation Ltd (ONGC), and Mahindra & Mahindra Ltd (M&M).

The company is undergoing an insolvency resolution process after it failed to clear vendor dues and other debt.

The case pertains to alleged differential access given by NSE to certain broking firms over dark fibre, an already laid but unused or passive optical fibre unconnected to active electronics or equipment and does not have other data flowing through it.

(Reuters) - Indian billionaire Gautam Adani is weighing a bid for the coal-fired power plants belonging to industrialist Anil Ambani that are currently being auctioned by an Indian bankruptcy court, Bloomberg News reported on Tuesday, citing people familiar with the matter.

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Benchmark stock indices Sensex and Nifty climbed for a third day in a row, led by continuous foreign inflows and optimistic US market trends following the deal on the US debt ceiling. Nifty gained 100 points or 0.5%, almost reaching 18,600 points, while Sensex rose by 345 points to settle at 62,846.38. Only IT and oil and gas sectors underperformed while Bank Nifty remained bullish. Analysts expect Nifty to witness small profit booking due to a bearish harmonic deep crab pattern that formed on hourly charts, but the market breadth remains bullish.

Based on the OI percentage, 117 stocks were on the short-covering list. These included Tata Communications, Delta Corp, Power Finance Corporation, ICICI Lombard General Insurance Company, and Atul.

For the week, BSE Sensex lost 940.37 points or 1.54 percent to settle at 59,900.37 and Nifty50 fell 245.85 points or 1.35 percent to close at 17,859.45 levels.