A lawyer for RCom said it would appeal. However, the company refused to comment on the matter saying that its next move will be dictated after studying the court order carefully. RCom says it owes only Rs 60 crore to Ericsson.
Billionaire Mukesh Ambani's prospects for bailing out his younger brother's phone company are fading after an Indian tribunal put his sibling's Reliance Communications Ltd. into insolvency proceedings, which prohibit "connected persons" from acquiring assets of delinquent borrowers.
The company shut down its consumer mobile business late previous year unable to survive the aggressive pricing strategy adopted by Reliance Jio which offered free voice and undercut the prices of data plans.
Shares of RCom tumbled as much as 18 per cent on the BSE this morning, while its 2020 dollar bonds plummeted the most in more than seven months. The latter scenario would result in what could be one of India's biggest bankruptcies and conclude the downfall of what was once the country's second-largest phone operator. The company is set to report earning for the quarter ended March on May 19.
Here is a look at how share prices for two blue-chip stocks and two exchange traded funds reacted to this latest report . Gasoline and distillate stocks were expected to have fallen by 2 million barrels and 1.3 million barrels, respectively.
Milwaukee starter Jhoulys Chacin gave up one run on two hits in seven innings, with seven strikeouts and two walks. After Jimmie Sherfy walked the bases loaded, Domingo Santana's fly ball to right made it 4-2.
Variety is reporting that Power co-star Andy Bean (pictured left above) has lined up the role of Stanley Uris in It: Chapter 2 . It's fitting because Wyatt Oleff was involved in one of the first movie's creepier sequences as young Stanley.
With Conte widely-expected to move on in the close-season there has been an air of uncertainty around the club in recent months. ESPN's Manchester United correspondent Rob Dawson gives his view on the club's second place finish to rivals Manchester City.
Penn State will play eight conference matchups, five of which are against teams who qualified for the NCAA Tournament last season. This is the third game of the four-year renewed series, although no other games have been scheduled in the future.
If you've ever wondered how much time you spend flipping through photos on Instagram, then you're about to get a wake-up call. It hasn't been enabled as yet so it's unclear when this feature will be rolled out for all users.
Pro-life advocates are calling on President Donald Trump to use regulations to rollback taxpayer subsidies to Planned Parenthood. Last year, they approved a 20-week abortion ban and required women to wait three days before they could have an abortion.
HoweyCoins is part of the SEC's effort to combat an explosion of scams and securities fraud associated with cryptocurrencies . Generally, if something passes the Howey test , and is therefore considered a security, it is subject to SEC regulation .
Twitch launched this new set of custom filters earlier, and they're available to everyone watching PUBG streams . Update 0.5.0 has added a new map, with the desert themed Miramar now available to play for mobile users.
Study shows Pop Music is getting sadder but more danceable?
More recent songs with a low happiness index included Sam Smith's " Stay with Me " and "Whispers" by Passenger , both from 2014. The researchers emphasize that they were looking for the trends in the acoustic properties and the moods describing the sounds.
State may gamble on sports betting
For now, New Jersey , and possibly DE , will likely be the only options for new sports betting operations in the coming weeks. Virginia law now considers gambling illegal, part of a code section titled "Crimes Involving Morals and Decency".
Portia De Rossi says she has quit acting
However, she is best known for playing Lindsay Bluth Funke on the award-winning TV comedy Arrested Development . De Rossi also went on to explain more about the art-based venture that's pulled her away from Hollywood.