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Reliance Communications

Reliance Communications
The latest news and top stories on Reliance Communications. A former telecommunications firm headquartered in Navi Mumbai Maharashtra India, Reliance Communications historically provided mobile communication internet connectivity fixed-line and data centre services. Primarily serving corporate clients and consumers, it once held a significant market position with extensive fibre optic networks and a large undersea cable system. The company filed for bankruptcy in 2019 and is undergoing insolvency. Recently, the Central Bureau of Investigation opened a criminal case against the Anil Ambani-linked firm following a State Bank of India complaint alleging fraud and misappropriation of funds.
US, Israel war on Iran

2 tankers carrying India’s Reliance fuel ditch Europe, divert to Asia

Asian buyers are rushing to secure fuel as the near halt in traffic in the Strait of Hormuz, due to war, constrains oil supplies.

videocam

India’s AI superpower dream: flush with cash, short on capacity

India may sharply cut Russian oil imports after US sanctions: sources

The potential change could remove a major hurdle to a trade deal with the US, with Indian refiners reportedly reviewing their Russian oil purchases.

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