Anil Ambani's RCom surges 10% after payment to Ericsson

Shares of Reliance Communications (RCom) rallied 10% on Tuesday after the company cleared Swedish company Ericsson's ₹550-crore dues. Chairman Anil Ambani, who avoided a three-month jail term after the payment, thanked his elder brother Mukesh Ambani for his "timely support". The dues were cleared just a day before the expiry of the deadline set by the Supreme Court.