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.
New Delhi: The outsourcing industry, India’s largest white-collar employer, is a juggernaut that has all but stopped moving. The dollar revenue at the top...
By pairing Indian drone engineering with Japanese semiconductor expertise, the two firms aim to develop more advanced autonomous systems tailored to both defence & commercial use.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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