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.
The 'ghuspaithiya' narrative is being whipped up precisely when illegal immigration has actually diminished. Like most BJP-RSS ideas, it’s just an unimaginative Right-wing trope.
With non-leather products driving global footwear demand between 2020 and 2024, India’s global market share stood at 1.85% in 2024, says a NITI Aayog report.
ISKP, a sub-continental branch of the Islamic State, is said to have vowed to extend operations in Kashmir, on encouragement from Pakistan’s security establishment.
Pakistan’s army has been a rentier force available to a reasonable bidder. It has never come to the aid of any Muslims including Palestinians or the Gazans, except making noises here and there.
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.