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Tata woos investors for digital platform as it seeks to compete with Jio, Amazon, Flipkart

Tata Sons is working with advisers to explore bringing in financial or strategic investors, including global tech companies, for its new digital entity.
Anil Ambani (File photo) | Photographer: Kuni Takahashi | Bloomberg

Not lavish, very disciplined lifestyle, Anil Ambani tells UK court in loan dispute case

The dispute, involving three Chinese banks, revolves around an alleged breach of a personal guarantee on a company debt refinancing loan of $925 million dating back to February 2012.
Anil Ambani (File photo) | Photographer: Kuni Takahashi | Bloomberg

SC refuses to resume SBI’s personal insolvency case against Anil Ambani

The Supreme Court directed the Delhi High Court to decide on Ambani’s challenge to provisions of India’s insolvency law.
Anil Ambani | Qilai Shen/Bloomberg

Anil Ambani’s two finance firms to undergo asset sale, bank consortium set to proceed

Value erosion of Anil Ambani's two finance companies due to debt default has made asset sale only viable alternative, say bankers. RBI disagreeable to resolution under IBC.
Anil Ambani (File photo) | Photographer: Kuni Takahashi | Bloomberg

Relief for Anil Ambani as Delhi HC suspends SBI’s personal bankruptcy case hearings

The Delhi HC Thursday restrained Anil Ambani from selling or transferring his assets, and allowed insolvency proceedings against his telecom companies to continue.
Anil Ambani | Qilai Shen/Bloomberg

Anil Ambani in trouble as NCLT agrees to hear SBI plea to start personal bankruptcy process

If NCLT admits Anil Ambani into the bankruptcy process, a list of all claims against him will be compiled and a repayment plan will be worked out, according to rules.
File photo | RIL chairman Mukesh Ambani | Sanjit Das/Bloomberg

All that an MBA degree brings is snob value, not success. Just look at Mukesh Ambani

Fancy B-school degrees are becoming irrelevant in today’s fast-changing world. India’s MBA-IIM obsession is an artificial demand.
Anil Ambani

SBI seeks to recover $158 million from Anil Ambani

State Bank of India is seeking to recover more than $158 million under the personal guarantee clause of the bankruptcy law.
Anil Ambani

UK court orders Anil Ambani to pay $717 million to 3 Chinese banks in 21 days

The order pertains to an alleged personal liability of Anil Ambani and will have no bearing on the operations of RIL, Reliance Power Ltd and Reliance Capital Ltd.
Anil Ambani

Chinese banks still don’t know if Anil Ambani repaid their $100 million last night

Ambani had until 4:00 p.m. Friday in London to make the payment into court or run the risk of automatically losing the lawsuit over $700 million in defaulted loans.

On Camera

File photo of Bihar CM Nitish Kumar | Facebook/NitishKumarJDU

The curious case of Nitish Kumar — 87% anger, 100% victory

In the supposedly most-politicised state in India, people say they don’t have ‘options’ this election.

Tata woos investors for digital platform as it seeks to compete with Jio, Amazon, Flipkart

Tata Sons is working with advisers to explore bringing in financial or strategic investors, including global tech companies, for its new digital entity.

Defence

Defence Minister Rajnath Singh releases the New Defence Acquisition Procedure (DAP) at the Defence Acquisition Council (DAC) meeting, in New Delhi on 28 September 2020 | @DefenceMinIndia | Twitter

Govt scraps offset policy for govt-to-govt deals, allows leasing of defence equipment

The new Defence Acquisition Procedure 2020, which was unveiled by Defence Minister Rajnath Singh Monday and kicks in on 1 October, also cuts down procurement time.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.