As PM Modi prepares for the general election, investors are also worried about IL&FS and Essel groups debt concerns, the RBI's rate cut, and the bankruptcy filing by Anil Ambani's wireless carrier.
The fragile investor sentiment for the Anil Ambani group was dealt a blow after its wireless unit, Reliance Communications, said last Friday it plans to file for bankruptcy.
Mukesh Ambani could have more bargaining power over assets of a company he helped dismantle by storming into the mobile phone market with free services.
Anil Ambani had agreed to sell RCom’s towers, spectrum and fiber assets to older brother Mukesh's company for Rs. 173 billion in 2017 to fend off bankruptcy action by creditors.
In just 3 decades, Dhirubhai Ambani rose from a clerk to India’s top industrialist, and it was all down to his vision, risk-taking ability and people skills.
Twin courtroom victories give Anil Ambani and his firms a boost.
New Delhi/Mumbai: It’s a good start to the weekend for billionaire Anil Ambani.
The Supreme...
It would be a disservice to the women of Hassan to look at Prajwal Revanna’s alleged abuse of power as a ‘sex scandal’. Allegations against him show what ‘absolute power corrupts absolutely’ actually means.
Air India’s new policy, effective from 2 May, introduces new weight limits for tickets in each of the different 'fare families' — Comfort, Comfort Plus, and Flex.
New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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