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.
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.
Care Ratings cut Reliance Capital’s bonds by 8 notches to D from BB, citing delay in coupon payments on several of lender’s non-convertible debentures.
GCX Ltd, which owns the world’s largest private undersea cable system, is the latest among Anil Ambani’s companies to file for bankruptcy in the past year.
Reliance Naval says cash crunch is impacting progress of existing projects leading to extended timelines & thereby erosion of confidence amongst clients.
Countering insurgency needs the Pakistan Army to demonstrate a political will that ties leaders at the centre with those in the borderlands. But it may not have the imagination.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
Not just the great whites at the top of the food chain. Blue fin tuna, even cod and mackerel. Saw a video clip of the BJP’s traders’ convention at Talkatora Stadium, Delhi. Empty chairs. Most people left even before two senior Union ministers arrived. This is the loyal base the party should be looking after. They keep blood coursing through the veins of the economy.
Not just the great whites at the top of the food chain. Blue fin tuna, even cod and mackerel. Saw a video clip of the BJP’s traders’ convention at Talkatora Stadium, Delhi. Empty chairs. Most people left even before two senior Union ministers arrived. This is the loyal base the party should be looking after. They keep blood coursing through the veins of the economy.
A toxic cocktail of poor commercial judgement, weak ethics / corporate governance and an economy in deepening crisis. No Acche Din for India Inc.