There has been a gradual weakening of the RBI, which is a great shame since in the brief time it got to play bad cop, the central bank did some good police work.
RBI may buy Rs 1.7 trillion of debt in the year starting April 1, compared with an estimated record Rs 3 trillion spent on such purchases this fiscal period.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
Point is he had sold assets in his balance sheet.
It is a liquidation mode set in ADAG.
Creditors will be repaid, as in bottom upwards side of liabilities in balance sheet. It will be from realization of assets
As to how this downscaled companies occurred
Funds intra- group industries had been rotating
If other infrastructure companies also in red
Utilities being supplies at lowest rate.
There is expertise lacunae in technical feasibility, managerial application.
This is the most amazing bit of news in all of 14 months or more. How did the ENTIRE financial media miss out on this news, that Anil Ambani was repaying such huge amounts of debt? If he had access to such massive amounts, then why did he almost GET ARRESTED for a paltry sum of 500 crores? Don’t we all remember that TWICE during this period he defaulted to pay up Ericsson, despite having given assurances to Supreme Court to that effect? At one stage Anil Ambani said he was unable to pay up Ericsson because the courts were preventing him from selling some telecom infrastructure to Mukesh Ambani’s Reliance Jio which would have fetched him (ONLY) a couple of thousand crores, if I remember the figures correctly. In fact, the time was running out fast for Anil A to get arrested, all for a mere 500 crores, when elder brother Mukesh dished out a cheque for that amount to be paid to Ericsson and saved his younger brother from incarceration.
Against the above reality, it is virtually impossible to believe that Anil A has paid up 35,000 Crores of debt!!! The immediate suspicion that comes to mind is, did he get huge monies in the context of Rafale fighter jet which he used up to juggle out this miraculous amount? If I remember correctly, a figure of 30,000 CRORES was being thrown around in that context.
Point is he had sold assets in his balance sheet.
It is a liquidation mode set in ADAG.
Creditors will be repaid, as in bottom upwards side of liabilities in balance sheet. It will be from realization of assets
As to how this downscaled companies occurred
Funds intra- group industries had been rotating
If other infrastructure companies also in red
Utilities being supplies at lowest rate.
There is expertise lacunae in technical feasibility, managerial application.
This is the most amazing bit of news in all of 14 months or more. How did the ENTIRE financial media miss out on this news, that Anil Ambani was repaying such huge amounts of debt? If he had access to such massive amounts, then why did he almost GET ARRESTED for a paltry sum of 500 crores? Don’t we all remember that TWICE during this period he defaulted to pay up Ericsson, despite having given assurances to Supreme Court to that effect? At one stage Anil Ambani said he was unable to pay up Ericsson because the courts were preventing him from selling some telecom infrastructure to Mukesh Ambani’s Reliance Jio which would have fetched him (ONLY) a couple of thousand crores, if I remember the figures correctly. In fact, the time was running out fast for Anil A to get arrested, all for a mere 500 crores, when elder brother Mukesh dished out a cheque for that amount to be paid to Ericsson and saved his younger brother from incarceration.
Against the above reality, it is virtually impossible to believe that Anil A has paid up 35,000 Crores of debt!!! The immediate suspicion that comes to mind is, did he get huge monies in the context of Rafale fighter jet which he used up to juggle out this miraculous amount? If I remember correctly, a figure of 30,000 CRORES was being thrown around in that context.