Search Results for: bankruptcy

Public Sector Banks report fraud of $13 billion in 6 months: Nirmala Sitharaman

State Bank of India reported fraud of Rs 25,400 crores followed by Punjab National Bank of Rs 10,800 crores and Bank of Baroda of Rs 8300 crores.

Nov 20, 2019

Parliament winter session begins: Citizenship Bill, economic slowdown among key bills to be discussed today

This year, the winter session of the parliament marks the 250th session of the Rajya Sabha and also the commencement of the second parliament session of the BJP-led NDA government. The session is scheduled to end on December 13.

Nov 18, 2019

Will Mukesh Ambani let rival Sunil Mittal's Airtel grab brother's RCom assets?

Telco wars worsen as Bharti Airtel bids for Anil Ambani's Reliance Communication's spectrum assets that Mukesh Ambani's Jio had previously tried to acquire.

Nov 13, 2019

idea cellular share price, idea cellular vodafone merger, aditya birla group, bharti airtel share price, reliance jio, indian telecom sector

Vodafone writes off book value of Indian operation, CEO flags liquidation risk

As per financial results released by Vodafone Group on Tuesday, the book value of Vodafone's 45 per cent stake in the joint venture, Vodafone Idea, has slumped to zero in November 2019.

Nov 13, 2019

Jet Airways threatened with bankruptcy proceedings

Jet Airways grounded but still flying on bourses, up 44% in 9 days

The stock, which could be out of most investors' portfolios by now, steadily gained nearly 45 per cent in just the past nine trading sessions, surprising analysts and investors alike.

Nov 2, 2019

SC unlikely to hold division of J&K unconstitutional, says senior lawyer Harish Salve

In an exclusive interview with Karan Thapar, senior lawyer Harish Salve covered all the arguments for believing that the de-operationalisation of Article 370 is unconstitutional.

Oct 22, 2019

PMC bank scam: ED identifies more assets of HDIL promoters, directors

The development comes a day after the probe agency revealed that Patel, as the then Union Minister of Heavy Industry, was a frequent flier on Wadhawans' luxury private jet Bombardier Challenger 300.

Oct 17, 2019

After Thomas Cook, another British travel operator Cox and Kings bites the dust

Even though the firm had reported a cash of Rs 2,500 crore in FY 2019, it had defaulted payments leading to bankruptcy.

Oct 15, 2019

More than 5 lakh jobs expected to be lost due to slump in real estate industry

Several projects are stuck across the country and buyers are waiting for new developers to take interest and complete them.

Oct 13, 2019

Ministry of Finance building in New Delhi

Centre mulls time-bound e-bidding process to speed up IBC resolution

The high-profile resolution cases of recent times have witnessed revised bids that have resulted in prolonged litigation which has eventually led to further delay in the insolvency process.

Oct 9, 2019

PMC Bank fraud: ED files PMLA case, raids 6 locations in Mumbai

The ED has filed a money laundering case in the Rs 4,355 crore PMC Bank fraud and also registered an ECIR, equivalent to FIR, against crisis-hit real estate firm HDIL and its promoters.

Oct 4, 2019

Scrapping Article 370 in J&K is correction of mistake, says senior lawyer Harish Salve

Harish Salve said that the Supreme Court will hear the matter and decide if there was anything wrong.

Oct 3, 2019

Mukesh Ambani helped his younger brother Anil Ambani to pay off debt owed to Sweden's Ericsson

Anil Ambani takes a leaf from Mukesh Ambani's playbook of leaner businesses

Reliance Infrastructure focuses on reducing its Rs 6,000-crore debt even as group firms' order books swell on government contracts.

Oct 1, 2019

Forever 21 files for bankruptcy as fast-fashion chain loses to e-commerce

The decision of closing around 350 stores worldwide, including 178 stores in its home market - the United States, comes after months of speculations.

Sep 30, 2019

Travel giant Thomas Cook goes belly up but it's business as usual in India; here's why

The UK travel giant said on Monday it filed for bankruptcy after last-minute efforts to secure a $250 million funding from private investors failed.

Sep 23, 2019

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