Reliance Communications

Recruitment At RCom Declined By 94 Percent

14Jun By Gauri SinghNo Comments

BUSINESS

Recruitment At RCom Declined By 94 Percent

The Anil Dhirubhai Ambani-led telecom company Reliance Communications has stated that the total number of jobs and recruitment in the company have reduced to 3,400 at present by about 94 percent from a high level of 52,000. The jobs at the RCom was at its peak at around 2008-10. But gradually the number has decreased, maybe due to the pressure of debt. The company is losing its balance lately under a debt of around Rs 45,000 crore. "Total number of people in the RCOM group: from peak of approximately 52,000 to current 3,400, a reduction of approximately 94 percent," RCom said in a filing. The company has closed its mobile services business this year in January and continues to provide business-to-business (B2B) telecom services. The telecom firm in the filing stated that its B2B depar...

RCom Shares in Demand, Give 100% Return in 11 Days

Anil Dhirubhai Led company, Reliance Communications has witnessed a tremendous share jump with a nearly double the money returning in just 11 days. The surge in shares has come amidst NCLAT allowing RCom to proceed with the asset sale to Mukesh Ambani-controlled Reliance Jio Infocomm and Brookfield. Additionally, National Company Law Appellate Tribunal has also put a stay on the order of NCLT regarding insolvency of Reliance Communications, Reliance Infratel and Reliance Telecom. Speaking in terms of numbers, Rcom shares have jumped 100% to Rs 21 from a share price level of Rs 10.5 as on 16 May 2018. In a continuous stretch of last 11 days, heavy trading had been witnessed on the counters of RCom with about 50 to 80 crore equity shares being traded in a single day. Interestingly, ...

Zappfresh Appoints Former Reliance Communications CEO as Senior Advisor

Zappfresh, the company ran by DSM Fresh Foods Pvt. Ltd which specializes in providing high-quality fresh meat announced on Thursday that it appointed Vinod Sawhny as senior advisor to the company. Sawnhy possesses over ten years of experience in the retail industry, and previously held the post of CEO at Reliance Communications Ltd. In addition, he had several leadership positions in Joint ventures of Global multinationals and large Indian companies such as Bharti Airtel’s Mobile businesses and Bharti’s retail business with Walmart. “I have a deep sense of belief in what the team at Zappfresh is trying to do in a way of changing how consumers look at meat products. In an era of questionable sourcing, anti-biotic ridden meat products consumed over time is proving to be a real health h...