News for Reliance Communications Limited (RCOM.NS)

Reliance Power shares fall on enforcement agency action reports, company clarifies no impact on operations or financials.

Shares of Reliance Infrastructure and Reliance Power plummeted after Enforcement Directorate (ED) raided Anil Ambani's premises concerning a Rs 3,000 crore Yes Bank loan fraud. The ED's investigation revealed irregularities in loan approvals and potential bribery. Both Reliance Infrastructure and Reliance Power deny involvement, stating the probe relates to separate entities with no impact on their operations.

India Business News: The Enforcement Directorate conducted raids across Mumbai, investigating a Rs 3,000 crore money laundering case allegedly involving Anil Ambani's Reli

The Enforcement Directorate raided 35 locations linked to Anil Ambanis Reliance Group in a ₹3,000 crore money laundering probe tied to YES Bank loans. Reliance Power clarified it operates independently of RCom and RHFL, the focus of allegations. The group denied any impact on operations. ED suspects loan diversions, process violations, and bribes to YES Bank officials between 2017 and 2019.

The Delhi High Court asked parties to maintain the status quo and posted the matter for further hearing on September 17.

Delhivery listed in May 2022. More than two years later, its stock continues to trade below its IPO price. Ecom Express wants to follow in the much bigger market leader’s footsteps and go public. But given its losses and stunted revenue growth, will primary market investors be interested?

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.

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

Top events of the day: Prime Minister Narendra Modi is scheduled to visit Odisha, where he will address rallies in Baripada Chhau District and Kendrapara as part of his election campaign.

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...

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.

RIL shares: Axis Securities recommended investors to buy Reliance Industries shares before the record date i.e. 20th July as it believes it to be a more economical way to buy Jio Financial Services that is likely to list at Rs 160 per share.

(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.

Last week, the market closed with a gloom on the red mark. As the new trading week opens today, it will be seen whether the summer heat grips the market or there are some positive signs, , share prices today, stock market today, morning update, daily update, nse nifty, bse sensex, bombay stock exchange, national stock exchange

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.

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.

Indian rupee ended flat at 82.72 per dollar on January 6 against its December 30 closing of 82.73.