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Friday, November 1, 2024
TopicAnil Ambani

Topic: Anil Ambani

Broke Anil Ambani has to pay $100 million to Chinese banks by the end of today

Jonathan Browning -
Anil Ambani has until 4 pm in London or 9.30 pm IST to make payment or run risk of automatically losing lawsuit over $700 million in defaulted loans.

Enforcement Directorate summons Anil Ambani in probe against Yes Bank’s Rana Kapoor

PTI -
The Enforcement Directorate official said that Anil Ambani's group companies have taken loans of about Rs 12,800 crore from the crisis-ridden bank that turned NPA.

Rolls Royce, mansion, yacht, watch – Anil Ambani, Nirav Modi, Mallya are losing them all

Bijou George -
There is a rush to collect the assets of Indian tycoons owning bankrupt companies as banks battle mounting bad debt.

Anil Ambani says his net worth is zero, can’t pay Chinese banks back

Jonathan Browning -
A London court has ordered Anil Ambani to pay $100 million to three Chinese banks which are seeking $700 million in defaulted loans from his RCom.

Jail, bankruptcies and death — 2019 was a tough battle for Indian tycoons

Bhuma Shrivastava -
Here are some of the country’s biggest and most-storied businessmen who saw their fortunes fade in 2019 as Indian banks attempted to repair their balance sheets.

Anil Ambani has a $680 million question to answer

Andy Mukherjee -
The $680 million is the amount Industrial & Commercial Bank of China is seeking to recover from Anil Ambani by invoking a ‘personal guarantee’ he gave in 2012.

Anil Ambani’s loan default testimony ‘implausible and highly unlikely’, London judge says

Jonathan Browning -
The setback for Anil Ambani came in a dispute with three Chinese banks seeking $680 million in defaulted loans.

Anil Ambani’s bankrupt shipyard stock surges 600% in 11 weeks, speculators suspected

Ronojoy Mazumdar -
Reliance Naval & Engineering stock hasn’t declined since 9 Sept in a rally that has lifted it to Rs 7.31 from its record-low close of 95 paise.

Anil Ambani, 4 others resign from bankrupt Reliance Communications

ANI -
The resignations come as Reliance Communications faces insolvency proceedings under the Insolvency and Bankruptcy Code.

Anil Ambani faces his investors again, vows to sell assets and cut debt

P. R. Sanjai -
Anil Ambani is struggling to save the remnants of his telecommunications-to-infrastructure empire from collapse after RCom slipped into insolvency.
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Opinion

16th BRICS Summit was about building dollar-free world order. India can use it to expand trade

Seshadri Chari -
For New Delhi, a USD-free system is not an immediate priority nor an existential necessity to unconditionally support the China-Russia agenda.

Pakistan is playing a dangerous sectarian game. Anti-Shia extremism is gaining ground

Geopolitics has reached third inflexion point since WW II, Cold War. An opportunity for India

Economy

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

ThePrint Team -
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Defence

All about Major Bob Khathing, whose daring expedition & diplomatic parleys secured Tawang for India

Smruti Deshpande -
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.

National Interest

From 2004 to 2024, bad news has come wrapped as good news for Congress

Shekhar Gupta -
Congress is silently acknowledging it over-read verdict of last general election. You can see it in easy concession to SP. It will likely be more reasonable in Maharashtra & Jharkhand.

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