Search Results for: bankruptcy

Reliance Power shares meltdown: Anil Ambani-led firm seeks Sebi ban on Edelweiss Securities

Anil Ambani-led company alleges market abuse after heavy erosion in market cap of group companies following the sale of shares pledged to lenders.

Feb 11, 2019

Lenders react sharply to Anil Ambani remarks on fire sale of ADAG firms' shares

Shares of Anil Ambani group companies lost Rs 14,000 crore in market cap prompting Ambani to attribute motives to the fire sale.

Feb 9, 2019

Ericsson files contempt plea against SBI chief over Rcom's Rs 550 cr dues - Report

Ericsson accuses SBI of not helping to retrieve the dues from RCom in its capacity as the lead banker during RCom's attempts to sell wireless assets to Reliance Jio.

Feb 6, 2019

RCom meltdown: Anil Ambani's pain is Mukesh Ambani's gain

Asset sale to Reliance Jio, which would have brought nearly Rs 18,000-crore to debt laden Rcom, floundered after creditors demanded payment ahead of the sale.

Feb 5, 2019

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RCom shares plunge more than 50% after bankruptcy move

The Reliance Communications board has said it now looks at comprehensive debt resolution within the next 270 days.

Feb 4, 2019

Banks sell bad debt at fire sale prices; it isn't good news for Modi

This development is bad news for Prime Minister Narendra Modi, who is keen to get banks lending more to stimulate the economy and create more jobs ahead of an election due by May this year.

Jan 28, 2019

Railways conscious of social, economic responsibilities: Piyush Goyal

Piyush Goyal's meeting with PSB chiefs will review policy tweaks in budget

Standing in for Arun Jaitley for the second time, Piyush Goyal receives North Block officials' briefings to steer the Finance Bill through this government's last parliamentary session.

Jan 25, 2019

Snail-paced insolvency route forces 16 banks to sell bad loans worth Rs one lakh crore

Many PSBs including Bank of India, Dena Bank and Punjab National Bank are aggressively selling their bad loan to clean up their balance sheet.

Jan 24, 2019

Essar Steel bankruptcy row clouds India's FDI push

ArcelorMittal says the inability to apply the law correctly would blemish the nation's standing as a rising investment destination.

Jan 23, 2019

Congress MP stokes controversy alleging that BJP, RSS 'were training people to make bombs'

Govind Singh made the statement in response to the BJP questioning the law and order situation in the state in light of the two recent murders in Madhya Pradesh. He said that RSS and BJP were responsible for the crime taking place in the state.

Jan 21, 2019

Large borrowers defaults fall sharply after RBI orders 1-day default norm

RBI data show the defaulted loans fell more than 60 per cent to Rs 55,070 crore on September 30, 2018, from Rs 1.53 lakh crore on June 30, 2018.

Jan 16, 2019

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Tata Motors' JLR to cut jobs in thousands amid China sales crunch - Report

Reuters reports that the move comes in the wake of fears that the premium carmaker will see a double-digit drop in China demand.

Jan 10, 2019

Court Hears Extradition Ruling For Indian Businessman Vijay Mallya

Court declares Mallya a fugitive economic offender

Mallya has become the first businessman to be declared an FEO under the provisions of the new Fugitive Economic Offenders Act which came into existence in August last year.

Jan 5, 2019

Ericsson seeks arrest and detention of Anil Ambani over Rs 550 crore dues

In early October, Reliance Communications had sought 60 more days for repayment of Rs 550 crore to Ericsson.

Jan 4, 2019

India retains crown as 'world's fastest growing economy'; China a close second

Indian economy's roller-coaster ride during the year gone by was best captured by the GDP growth. In the first quarter of 2018-19 ending June 30, it grew at an impressive 8.2 percent, after 7.7 percent in the first three months of the year.

Jan 1, 2019

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