Search Results for: Debt trap

Standard Chartered, Ruias create hurdle in ArcelorMittal's India expansion

The case has been dragging on for over 580 days as against the stipulated 270 days under the law due to multiple litigations by the former promoters, Standard Chartered bank and some operational creditors.

Mar 12, 2019

Jet Airways fiasco: Naresh Goyal requests urgent Rs 750-cr from Etihad

In his letter to Tony Douglas, Goyal said that the aviation ministry has also given its consent to pledge its shares in JetPrivelege for securing the interim funding

Mar 11, 2019

domestic airlines, drunk passengers, indigo, air india

Airfares rise steeply as trouble-hit Jet Airways and IndiGo cut capacity

Tickets booked well in advance are also inching north due to capacity constraints.Key metro routes such as Delhi-Mumbai and Delhi-Bengaluru have faced the major brunt of the reduced capacity.

Mar 11, 2019

ArcelorMittal's Rs 42,000-crore offer for Essar Steel faces more hurdles

Ruias may approach the appellate tribunal pushing the case of their Rs 54,389-crore debt resolution plan that lost to ArcelorMittal's offer

Mar 9, 2019

GoAir grounds 14 Airbus A320neo aircraft amid worries of operational efficiency

Passengers bear the brunt of cancellations as fares soar sky-high and pressure on remaining fleet raises performance concerns.

Mar 6, 2019

Cross-border insolvency law changes to boost ease of doing business in India

A separate section in the Insolvency and Bankruptcy Code (IBC) modelled after international best practices will help partners in foreign tie-ups

Mar 5, 2019

Grant Thornton audit report on IL&FS finds rampant irregularities of Rs 13,000 crore

The audit report showed that there were many instances where funds worth Rs. 541 crore were taken for short-term purposes and utilised for long-term purposes.

Mar 5, 2019

Mighty Tatas restructure unwieldy group into 10 verticals

The move is aimed at improving coordination and functioning and is likely to help in synergising operations of over 100 group companies, often operating in overlapping markets.

Mar 4, 2019

jet airways, jet airways q4 results, jet airways share price, aviation stocks, spicejet share price, spicejet q4 results

Jet troubles worsen as other airlines refuse to fly passengers with cancelled tickets

Air India, Air Vistara cancel deals with Jet for carrying interrupted flights passengers citing big gap in prevailing rates and the standard rate applicable under an agreement.

Mar 2, 2019

Jet Airways founder Naresh Goyal agrees to step down as chairman

After months of deliberation, the exit of Naresh Goyal would allow the board to go ahead with the debt restructuring plan of the cash-strapped airline.

Mar 1, 2019

Avengers Endgame theory: Tony Stark has already died for 14,000,604 times?

Doctor Strange's 14 million outcomes are one of the most important aspects of Avengers: Infinity War and its upcoming sequel, Avengers: Endgame.

Feb 28, 2019

An aircraft of India's Jet Airways lands

Etihad conditions set speed bumps for debt-laden Jet's resolution plan

UAE national carrier is apparently unhappy over SBI opposition to its demand for a right of first refusal after one year and Sebi norm requiring an open offer.

Feb 25, 2019

Rami Malek named Best Actor at Oscars 2019

Bohemian Rhapsody is a biopic on Mercury and the band Queen and explores the rise of the band with a focus on the Indian-origin lead singer's personal life, his sexuality and the way he dealt with his fame.

Feb 25, 2019

Ericsson case: Anil Ambani guilty of contempt, directed to pay Rs 453 crore or face 3 months jail

Banks may refuse to release funds to save Anil Ambani jail time

Lenders' boards may not allow RCom's request for releasing Rs 260-crore tax refund held in escrow account for paying off Ericsson after Supreme Court verdict.

Feb 23, 2019

Anil Ambani set to exit mutual fund biz with Reliance Capital stake sale

Company invites foreign partner Nippon Life Insurance to acquire entire 43% stake in Reliance Nippon Life Asset Management

Feb 22, 2019

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