After making a weak opening, the stock further tanked 20 per cent to Rs 9.95 on the BSE.
The Mumbai bench of the NCLT accepted a petition from the Indian unit of network-equipment maker Ericsson AB, which is seeking to recover Rs1,160 crore ($170 million) in unpaid dues from the telco controlled by Anil Ambani.
Like other incumbents in India's telecoms sector, RCom has been hit by a fierce price war over the a year ago, especially after the entry of Reliance Jio, which offered free voice and cut-price data plans. RCom shares have fallen over 65 per cent this year as of Tuesday's close, compared with Bharti Airtel's 27.9 per cent fall and Idea Cellular's 51 per cent drop during the same period.
Pitt set for prime time
The Pirates, set to play the Miami Marlins on the same day at 7:05 p.m. changed the start time of their game to 1:05 p.m. Penn State and Pittsburgh will meet in a primetime, nationally televised college football game on September 8 at 8 p.m.
While RCom's bank lenders had agreed to the debt reduction plan and had been seeking to quash Ericsson's bankruptcy petition on the grounds that it would result in a major loss for them, Ericsson has argued that it is not fair that lenders should be reimbursed for their losses while creditors are taken advantage of. The company said, "RCom and two of its subsidiaries - Reliance Telecom and Reliance Infratel - await A detailed order from NCLT, allowing the Ericsson application for admitting the companies to debt resolution under the IBC".
RCom owes around Rs 45,000 crore to as many as 31 domestic and worldwide banks, including over Rs 10,000 crore to a Chinese lender.
The company shut down its consumer mobile business late a year ago.
Run by wealthy businessman Anil Ambani, RCom has said it plans to reduce its debt by selling assets such as airwaves, mobile masts and fibre optic investments. However, the company refused to comment on the matter saying that its next move will be dictated after studying the court order carefully.
The Board of Control for Cricket in India announced the squads for the upcoming Women's T20 Challenge Match on Thursday. India aim to launch a women's edition of the IPL in the next three years, a top BCCI official said.
More importantly, it would add another piece of silverware to Old Trafford's bulging trophy cabinet, and provide tens of thousands of travelling Reds with one of the days of their lives beneath the famous Wembley arch.
The truth is this was a dream for me, to win a trophy with Atletico, with [Diego Simeone] and my friends and teammates. The French club's hopes faded after Payet went off injured in the 31st with what appeared to be a thigh injury.
The addition of the Miramar map is the big-ticket item in the latest update, which also adds several new weapons and vehicles. The Miramar desert map is now available in PUBG Mobile while the update also adds a handful of other features as well.
From monster trucks to gyrocopters, use an assortment of rugged and wasteland-ready vehicles to speed across the badlands. We have this novel approach: "you buy the game and then you play it", Willits joked with German website GameStar .
At 432.4 million barrels, USA crude oil inventories are in the lower half of the average range for this time of year. Momentum is neutral to negative as the fast stochastic generated a crossover sell signal in overbought territory.
Yet "successful songs are happier, brighter, more party-like, more danceable and less sad than most songs", it continues. They were looking for average trends in the acoustic properties of the music and the moods describing the sounds.
Winston is an executive producer on the Late Late Show With James Corden and will have the same role on Happy Together , CBS said. Harry Styles is to executive-produce a sitcom loosely based on his early days with One Direction , CBS has announced.
Queensland jobless rate equal worst in the nation
There was also a lift in the participation rate which measures the number of people in work or looking for employment. Monthly hours worked in all jobs increased 19.4 million hours (1.11%) to 1,764.0 million hours.
Thousands of doses of Ebola vaccine arrive in DRC
The vaccine requires storage at a temperature between -60 and -80 degrees C, tricky in a country with unreliable electricity. Teams are also setting up two Ebola treatment centers (ETCs) in Mbandaka and Bikoro with 20 beds each.
South Korea announce preliminary 28-man squad
A flurry of injuries to several players including Kim Min-jae and Yeom Ki-hun forced Shin to change his plans for the lineup. South Korea have announced their 28-man preliminary squad for the 2018 World Cup.
Agree Realty Corporation (NYSE:ADC) Has Decline in Shorts
The earnings growth rate for the next years is an important measure for investors planning to hold onto a stock for several years. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment.
SEC Launches Fake ICO to Educate People on Fraud
The SEC's spoof ICO launch, HoweyCoins website breaks down the red flags of fraudulent fundraising to educate potential victims. HoweyCoins says it combines the "blockchain and travel" to offer ICO participants massive discounts on travel expenses.
Baby joy for the Lampards
Everyone seems to be fascinated by my body clock. "She looks a bit of a sort", which I think is East End for "She's attractive". The Loose Woman presenter took to Instagram to reveal the good news. "The Lampard family are expanding", she wrote.
Martinez, Bogaerts power Red Sox past A's
Piscotty was batting eighth and starting in right field for Tuesday night's game at Boston , which was delayed by rain. This comes less than one day after Cavaliers coach Tyronn Lue said the Celtics are "gooning the game up", per Martinez.