RCom's fourth quarter loss widens to â¹19,728 crore
Billionaire Anil Ambani-led Reliance Communications on Wednesday posted a net loss of â¹19,728 crore compared to a loss of â¹1,130 crore during the same period previous year. The loss widened because of a one-time charge the telco had to factor in due to the closure of its wireless assets. The company's revenue saw a nearly 40% drop to â¹949 crore.