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.
Electoral competition now appears dominated by welfare delivery and governance metrics, but ideology has not disappeared in Tamil Nadu. Instead, it has become strategic.
India’s fast-growing data centre sector may strain state electricity networks; Central Electricity Authority has urged Maharashtra, Andhra Pradesh, Telangana and Tamil Nadu to boost capacity.
On lessons from the ongoing West Asia conflict, he says that while US had superior technology and strike capability, Iran used geography to its advantage.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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