Search Results for: Debt trap

What's Anil Ambani's net worth? Quicksilver erosion of $43 bln over a forgettable decade

Anil Ambani's net worth shrunk from $45 billion to $1.7 billion in 2019 and his flagship company RCom is burdened with Rs 45,000 crore debt.

Feb 21, 2019

Reliance battles Comcast, Sony for a substantial stake in Zee

Subhash Chandra's Zee Entertainment has several global suitors including Apple, Sony, Comcast and Atairos seeking to buy a controlling stake.

Feb 19, 2019

Jet Airways rights issue will target raising Rs 2,500 crore

Government-owned National Investment and Infrastructure Fund may pick up a 19% stake in Jet Airways to elevate lenders' equity participation to 51%.

Feb 16, 2019

RBI confident NBFC liquidity situation will improve

Easing of NPAs and banking sector turnaround will help steady NBFCs, governor Shaktikanta Das says

Feb 15, 2019

An aircraft of India's Jet Airways lands

Jet Airways' bailout plan: Lenders to become largest shareholders, Goyal's stake may drop to 25%

Jet Airways said that its board has approved a rescue plan, through which a consortium of banks — led by the State Bank of India — will convert a part of their debt into equity.

Feb 15, 2019

IL&FS fallout: This is why your life savings could be in danger

Since last year, IL&FS default has sent ripple effects in the economy, affecting NBFCs, real estate and many other sectors

Feb 14, 2019

RCom trouble: Lenders press for more collateral from Reliance Group promoters

Anil Ambani appears in court for the second successive day after Ericsson moves contempt petition amid Reliance Group stock meltdown over bankruptcy plea.

Feb 13, 2019

Here's how Kapil Sharma helped people battle drug abuse

Kapil Sharma has joined hands with Sri Sri Ravi Shankar who had initiated a #DrugFreeIndia campaign.

Feb 13, 2019

Eveready grabs attention of Buffett-owned Duracell, rival Energizer

The Khaitan family has been trying to reduce the debt burden for a while now.

Feb 12, 2019

OYO in talks to buy Keys Hotels from US-based private equity firm

If the deal materialises, it would be the fourth acquisition in a year for Softbank-backed OYO.

Feb 10, 2019

DGCA bar on longer Neo, MAX flights affects Indigo, Jet

The curbs were put in place after a 737 MAX jet operated by Indonesian airline Lion Air had crashed last year, killing all 189 people on board.

Feb 10, 2019

Treatment of cows in MP convinced me to build gaushalas; nothing to do with politics: Kamal Nath

After holding several other key portfolios in UPA-II and even in earlier Congress governments, the nine-time Lok Sabha MP was recently the Congress face in Madhya Pradesh elections.

Feb 9, 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

Tamil film director Balakrishnan kills actress wife, chops off body doubting her loyalty

Balakrishnan allegedly killed Sandhya on January 19, chopped her body a day later, packed those in plastic bags, and dumped it in different parts of Chennai.

Feb 8, 2019

Flying 'Oval Office' getting ready for PM Modi, President Kovind; to be delivered by year-end

A new defence mechanism, large aircraft infrared countermeasures (LAIRCM), will be installed in the flights to help with shielding the aircraft from 'shoulder or man-portable missiles'.