Search Results for: bankruptcy

British travel company Thomas Cook collapses, stranding 150,000 travellers abroad

Thomas Cook chief executive Peter Fankhauser says firm's collapse is a "matter of profound regret" and apologises to millions of customers and thousands of employees.

Sep 23, 2019

Economic slump takes hit on auto sector; forces Maruti, Hyundai to slash prices

Car manufacturers including Maruti Suzuki, Skoda, Renault and Tata have seen a major decline in the passenger vehicle segment and has decreased the prices for their cars due to the economic slump.

Sep 18, 2019

Jet founder Goyal may face money laundering charges amid Modi's anti-graft drive

Multiple agencies are probing the defunct Jet Airways, founder-chairman Goyal and associates.

Sep 13, 2019

After Moody's, Fitch turns bearish on Indian economy, slashes GDP projection to six-year low

Calling FM Nirmala Sitharaman's stimulus package for the automobile sector "too little, too late" to prevent a further drop in vehicle sales, Fitch Solutions Macro Research said the measures are only going to support the sector in the medium term.

Aug 29, 2019

Is India in the midst of an economic slowdown? Can it get worse?

Rapidly falling auto sales through successive months provide the most telling indication of the economy's slide as most sectors shed growth momentum; government mulls stimulus package for growth

Aug 14, 2019

First session of Lok Sabha most productive since 1952: PM Narendra Modi

Modi government successfully piloted the revocation of the contentious Article 370 and Article 35A in a systematic and seamless manner within 75 days of coming to power.

Aug 14, 2019

Supreme Court upholds IBC rule that gives home buyers status of financial creditors

Home buyers will enjoy the status of banks and institutional creditors and can take real estate companies into bankruptcy proceedings.

Aug 10, 2019

Arun Jaitley admitted in Delhi's AIIMS after breathing difficulties, PM Modi visits hospital

Jaitley, 66, a diabetic, stepped down in January this year due to ill health before elections that returned Modi's Bharatiya Janata Party (BJP) to power.

Aug 10, 2019

Reliance Jio, Airtel in race for Anil Ambani's RCom assets

The Anil Ambani-led telecom company has been struggling with the long-standing debt of about Rs 46,000 crore.

Aug 5, 2019

DLF pares GIC debt by Rs 3,100 crore; plans to clear all dues by 2nd quarter

DLF has transferred the Mall of India project in Noida to DCCDL to significantly reduce the debt pile.

Aug 5, 2019

Anil Ambani's Reliance Naval on verge of bankruptcy; owes Rs 9,399 crore to creditors

Reliance Naval, earlier known as Pipavav Defence & Offshore Engineering, is facing financial crisis under the leadership of the SKIL Group.

Jul 25, 2019

Ericsson may lose Rs 580 crore won from Anil Ambani-led Reliance Communications

The consortium of lenders took a decision to send a formal word to Ericsson in a recent meeting of RCom's committee of creditors and consortium of lenders led by the State Bank of India (SBI).

Jul 23, 2019

Will Anil Ambani's asset sales spree help lift crushing debt burden?

Younger Ambani sibling hopes to raise Rs 21,700 crore to win 'war on debt' after liabilities almost landed him in jail, forcing elder brother Mukesh's intervention

Jul 13, 2019

Will government's proposed guidelines protect homebuyers against realty frauds?

The government told the Supreme Court bench hearing the Jaypee Infratech case that it is working on the "uniform proposal" to cover all contingencies.

Jul 12, 2019

Will PM Modi finally be able to bring back all black money from Swiss banks?

Fight against black money gets a boost as Swiss banks will give details from September, according to Switzerland's Federal Department of Finance (FDF).

Jul 11, 2019

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