A third of the amount is part of a monthly settlement plan SpiceJet had previously agreed with Credit Suisse, and the rest are unpaid dues to the bank.
Switzerland’s 2nd largest bank has been merged with country’s largest bank & its rival UBS for a lot lower than its market value. Regulators say this was the best way forward.
In a package orchestrated by Swiss regulators on Sunday, UBS Group AG will pay $3.23 billion for Credit Suisse Group AG and assume up to $5.4 billion in losses.
Madras HC has ordered winding up of SpiceJet Ltd over non-payment of $24 million in dues to Credit Suisse AG. But order kept in abeyance to allow SpiceJet time to deposit $5 million.
Nearly 67 of the 100 unicorns in India came into existence after 2005, a Credit Suisse report says, noting changes in regulatory, business and funding environment.
The Centre's move to scrap Article 370, which gives Jammu & Kashmir special status, and Credit Suisse upgrading Indian markets to overweight has boosted stocks.
In May 1974, RSS chief Madhukar Dattatraya Deoras spoke at a lecture series in Pune about caste-based discrimination and social equality within the Hindu fold.
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.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
What Munir has achieved with Trump is a return to normal, ironing out the post-Abbottabad crease. The White House picture gives us insight into how Pakistan survives, occasionally thrives and thinks.
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