Anil Ambani resigns as Reliance Communications director
New Delhi: Anil Ambani has resigned from his position as director of Reliance Communications, along with four others, even as the bankrupt carriers nears the sale of its assets under the process of insolvency.
Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar have also resigned from positions of directors, the company said in a notice to the Bombay Stock Exchange on Saturday.
"Manikantan V., has also tendered his resignation as a director and Chief Financial Officer of the Company earlier. The aforementioned resignations shall be put up to the committee of creditors of the Company for their consideration," the company said.
RCom's share closed at Rs 0.59 Friday, falling by 3.28%.
The development follows RCom's consolidated loss of Rs 30,142 crore for the second quarter, released on Friday, after provisioning for statutory licence fee and spectrum usage dues, versus a profit of Rs 1,141 crore the year before.
The telco’s loss was the second-worst in corporate India, behind Vodafone Idea’s July-September loss of Rs 50,921.9 crore reported on Thursday. Bharti Airtel reported a loss of over Rs 23,000 crore on Thursday, due to similar provisions.
The telco set aside Rs 28,314 crore after the recent Supreme Court verdict on calculation of adjusted gross revenue (AGR) of telecom companies, it said in a regulatory filing on Friday.
The mammoth losses are on the back of the Supreme Court order of October 24, which backed the government stance of including non-core items in AGR. The ruling left 15 telcos facing over Rs 1.3 lakh crore in additional statutory dues.
Courtesy: economictimes
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Instagram removes BJP’s post claiming Cong ‘will snatch wealth of non-muslims’ following backlash
New Delhi: An animated video post shared on BJP’s official Instagram handle, asserting that the Congress party would snatch wealth from non-Muslims to ‘distribute it to its favorite community of invaders,’ has sparked significant backlash. Following the uproar, the photo sharing platform has taken down the post, reports Newslaundry.com.
Meanwhile, it is uncertain whether the post was removed by the BJP or by Instagram following mass reporting by several users as “misinformation” and “hate speech”. The video depicted Rahul Gandhi holding the Congress manifesto which transforms into the logo of the Muslim league. Furthermore, it sought support for PM Modi from every ‘Bharatiya,’ who is also shown wearing a saffron turban.
According to the report, it also contained a clip of PM Modi alleging that the former PM Manmohan Singh had said, “Muslims have the first claim on our resources,” insinuating that if the Congress were to assume power, it would confiscate the money and assets of non-Muslims, redistributing them to Muslims, whom it favored. Labeling Muslims as ‘infiltrators’, the video depicted historical invaders as looters who plundered India's resources and suggested that the Congress party continues to empower individuals from the same community.
The video then communicated that the Congress party’s manifesto is “nothing but Muslim league’s ideology in disguise. If you are a non-Muslim, Congress will snatch your wealth and distribute it to Muslims.” It also slinged the BJP’s official slogan ‘abki baar, 400 paar,’ and called that it was the need of the hour, since Modi only has the “strength to stop the Congress party’s evil plans.”
Similar claims have also been made by several BJP leaders. Recently, Union Minister Anurag Thakur stated that the Congress intends to “Give your children's property to Muslims.”
