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.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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