Search Results for: bankruptcy

Will IndiGo tread Jet's path as promoters clash over governance?

Differences between Gangwal and Bhatia have reached a stage where they could affect the day-to-day operations of India's largest airline; Sebi forced to intervene

Jul 10, 2019

PNB detects Rs 3,805 crore fraud by Bhushan Power & Steel

Bhushan Power and Steel was among the first 12 companies referred by the RBI India to a bankruptcy court for a debt resolution process under India's new insolvency law.

Jul 7, 2019

NBFC crisis: RBI may get more teeth to regulate HFCs, review assets

Interestingly, housing finance companies in India are regulated by the National Housing Board and the RBI does not have direct authority over them.

Jul 4, 2019

Lee Iacocca, management guru and author (1924-2019)

Who was Lee Iacocca? Management icon and the father of Ford Mustang dies aged 94

Lee Iacocca, the author of several celebrated management books, was credited with resurrecting Chrysler from dead and starring in a series of 'if you can find a better car buy it' ads

Jul 3, 2019

Interests of Tata and Qatar Airways may cloud Etihad and Hinduja bids to buy Jet cheap

The UAE national carrier, a strategic partner holding about 14 per cent stake in the defunct private airline, has reportedly contacted the bankruptcy resolution professional.

Jul 1, 2019

Will Reliance Group's Mumbai HQ sale ease Anil Ambani's Rs 18,000 crore debt problem?

The 7 lakh square feet Reliance Center in Santa Cruz to which Anil Ambani group of companies moved a few years back is expected to fetch Rs 2,000 crore.

Jul 1, 2019

Boris Becker, Boris Becker bankrupt, tennis, Boris Becker news, Arbuthnot Latham

Bankrupt tennis legend Boris Becker puts his trophies and souvenirs up for auction

One of the most famous names in tennis has to put his hard-earned trophies up for bidding in order to overcome financial hardships.

Jun 24, 2019

Full text of President Ram Nath Kovind's speech at Parliament [READ]

While addressing the 17th Lok Sabha, President Ram Nath Kovind congratulated the newly-elected MPs of the Parliament.

Jun 20, 2019

Bankruptcy-bound Jet staff stare at mid-career domain switch fearing jobless tag

Many of the defunct airline's staff are under pressure to switch domains though some have managed to hop on to other airlines.

Jun 19, 2019

Anil Ambani's RCom owes whopping Rs 15,000 crore to three Chinese banks

According to RCom's regulatory filings, the group has paid back Rs 35,000 crore of debt in the last 14 months.

Jun 18, 2019

Will Etihad buy Jet cheap under insolvency process leaving lenders high and dry?

Now that SBI-led lenders' consortium has decided to start bankruptcy proceedings against Jet Airways, UAE national carrier Etihad with 12% stake has a chance to drive a hard bargain.

Jun 18, 2019

India may be one of the top 20 FDI sources in 2021, a UN report says.

World-beating India Inc may be a top-20 global FDI source by 2021: UN panel

Indian companies invested $11 billion overseas in 2018 and the figure is likely to go up this year putting India among the top-most FDI sources for the global economy, according to a UNCTAD report

Jun 14, 2019

Here's why NIA court sentenced fake Jet hijacker Birju Salla to life in prison until death

The incident took place on October 30, 2017, when captain Jay Jariwala and co-pilot Ashutosh Newase were informed about the threat letter on board Jet Airways flight 9W-339.

Jun 12, 2019

Suppliers' bankruptcy petitions may prove the last nail in Jet Airways coffin

The fate of Jet Airways lenders rescue plan in the balance as several suppliers and operational creditors head to National Company Law Tribunal to initiate proceedings under Insolvency and Bankruptcy Code.

Jun 10, 2019

Relief for lenders as RBI relaxes stressed asset guidelines

A circular issued in February last year required banks to initiate a resolution process as soon as a default took place.

Jun 8, 2019

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