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.
A bankruptcy tribunal ruling favouring banks will deal another blow to Anil Ambani’s stressed empire after his wireless carrier slipped into insolvency.
More than Rs 930 billion deep in debt, business tycoon Anil Ambani is waging a war to raise money to sail through after his flagship firm Reliance Communications Ltd slipped into insolvency.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
India exited the Indo-Russian FGFA programme in 2018. But now it might procure at least 2 squadrons of Su-57 aircraft from Russia and evaluate Russian proposal to manufacture them in India.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
As messaged by Ashok, i suggest the same, sell all the properties except one flat to stay, repay all the debts, search for a good job as he is educated, no lavish spending, show bazi in future, enjoy simple meals, have peaceful sound sleep at nights. Once debts cleared, life will be very easy as an ordinary citizen. I am your well wisher Mr. Anil.
Business is not run on EMOTIONS. If Anil Ambani is in business he should perform well. Show results and profit. There is NO EXCUSE FOR NON-PERFORMANCE.
He should leave his LUXURIOUS LIFESTYLE AND PAY THE DEBT.
He is a very good in businesses… he done exceptionally great work with his farher … at personal front he is very emotional.
Kind hearted and honest… thats why he is facing all this. He got himself in a trap.. hopefully and wishing him and his team all the very best.. its in a great interest of his employes .. lenders and all having concerns with the group and also for indian econmy…
To come out… all the very best ..to him…and all businessmen
As messaged by Ashok, i suggest the same, sell all the properties except one flat to stay, repay all the debts, search for a good job as he is educated, no lavish spending, show bazi in future, enjoy simple meals, have peaceful sound sleep at nights. Once debts cleared, life will be very easy as an ordinary citizen. I am your well wisher Mr. Anil.
Business is not run on EMOTIONS. If Anil Ambani is in business he should perform well. Show results and profit. There is NO EXCUSE FOR NON-PERFORMANCE.
He should leave his LUXURIOUS LIFESTYLE AND PAY THE DEBT.
He is a very good in businesses… he done exceptionally great work with his farher … at personal front he is very emotional.
Kind hearted and honest… thats why he is facing all this. He got himself in a trap.. hopefully and wishing him and his team all the very best.. its in a great interest of his employes .. lenders and all having concerns with the group and also for indian econmy…
To come out… all the very best ..to him…and all businessmen
Gentleman should sell his offsets to elder brother and exit the world of business completely. Everything he touches turns to ashes.