Shareholders will vote on banks picking up a majority stake – at a price of Rs 1 for 114 million shares, to avoid putting India’s oldest private airline into court-administered bankruptcy.
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.
As SRK turns 60 today, we look back at some of his most iconic on-screen fashion moments that not only defined his characters but also became instantly recognisable elements of films.
New CPI series will take 2024 as base year, will provide more accurate measure of inflation, spending on digital services. Expected to enhance representation and reliability, says Saurabh Garg.
The agreement, signed after meeting between Rajnath and US Secretary of War Pete Hegseth on sidelines of ADMM-Plus in Kuala Lumpur, aims to deepen bilateral ties in the critical sector.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
Kuchh milega nahin. That is the tragedy of the IBC. 2. Given the public mood that has developed around this issue – partly due to tycoons who have fled – each stakeholder, not just senior bankers but also political personages will say, Follow the procedures, don’t get caught on the wrong side of a vigilance enquiry, never mind the haircut so long as our hands are clean. All the more if the loans originated during UPA rule, which many did. 2. If there is a genuine desire to maximise recovery from the twelve trillion pile of NPAs – which is growing – an empowered group of bankers and mandarins should be tasked to have exploratory meetings with defaulting groups and see if a living fruit bearing tree can be saved from being chopped and sold for firewood.
Kuchh milega nahin. That is the tragedy of the IBC. 2. Given the public mood that has developed around this issue – partly due to tycoons who have fled – each stakeholder, not just senior bankers but also political personages will say, Follow the procedures, don’t get caught on the wrong side of a vigilance enquiry, never mind the haircut so long as our hands are clean. All the more if the loans originated during UPA rule, which many did. 2. If there is a genuine desire to maximise recovery from the twelve trillion pile of NPAs – which is growing – an empowered group of bankers and mandarins should be tasked to have exploratory meetings with defaulting groups and see if a living fruit bearing tree can be saved from being chopped and sold for firewood.