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.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Using this technology, IDF carried out fully robotic combat missions, drastically reducing risk to Israeli troops. The robotic combat task force also enhanced situational awareness.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
Anil Ambani is the right man to bulid jets for air foce in India.
Raj Kapoor once recalled how his mother had told him, A loving mother cannot distribute her Naseeb equally to all her children.