May 13, 2025 08:50 am (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
US, China agree to pause tariff war for 90 days, will slash reciprocal duties by 115 percent | India struck Malir Cantonment in Karachi: IAF's big revelation on Operation Sindoor | Nuclear blackmailing will not be tolerated, Operation Sindoor not over: PM Modi in address to nation | Military bases, equipment, systems operational, ready for next mission if required: Armed Forces on Operation Sindoor | India's cricket icon Virat Kohli retires from Test cricket | Secretary of State Marco Rubio says US position on Russia-Ukraine war remains on reaching 'immediate ceasefire' | Trade war de-escalation: US, China decide to roll back most tariffs for 90 days | India and Pakistan agreed to stop military actions: Govt confirms Trump's ceasefire claim | India, Pakistan have reached full and immediate ceasefire: Donald Trump announces on Truth Social | 'Frivolous allegation': India dismisses Pakistan's 'Indian missiles hit Afghanistan' disinformation

Anil Ambani steps down as director of Reliance Communications

| @indiablooms | Nov 16, 2019, at 06:50 pm

Mumbai/UNI/IBNS: Anil Ambani has resigned as director of debt-strapped Reliance Communications, the company said in a filing to the Bombay Stock Exchange on Saturday.

According to the filing, Chhaya Virani, Ryna Karani, Manjari Kacker, Suresh Rangachar have also resigned as directors of RCom.

The chief financial officer of the debt-ridden company Manikantan V has also resigned, the filing said.

RCom, which is currently going through insolvency process, has posted a consolidated loss of Rs 30,142 crore for July-September 2019 due to provisioning for liabilities after the Supreme Court ruling on statutory dues.

RCom's total liability includes Rs 23,327 crore licence fee and Rs 4,987 crore spectrum usage charges.  

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Close menu