Wednesday, 10 August, 2022

Topic: defaulters

From private jets & starry parties to hiding in Nigeria: The giant fall of the Sandesaras

Chetan and Nitin Sandesara of the Vadodara-based Sandesara Group are accused of defaulting on loans of over Rs 5,000 crore

IL&FS seeks insolvency cover to avoid bankruptcy amid string of defaults

IL&FS has missed more than 5 debt payments since August and is trying to settle the matter with creditors outside the insolvency courts.

Crisis-hit IL&FS plans Rs 300 billion asset sales to raise funds

Defaulter IL&FS plans to sell 25 assets and has received investor interest for 14 of them.

RBI delays bonuses of top private bankers amid reports of frauds

India’s private banks have had a tough time over the past year, plagued by revelations of hidden bad loans and alleged lapses in corporate governance.

On Camera


File photo of Sterlite copper unit at Tuticorin in Tamil Nadu | By special arrangement

Shut since 2018 violence, TN Sterlite plant’s closure cost economy Rs 14,749 cr, says study

Copper plant in Thoothukudi was closed after protests turned violent & police firing left 13 people dead. Job losses one of major impacts, says study by NGO CUTS International.


Representational image | Indian Army soldiers during the Army Day Parade at Cariappa Parade Ground in New Delhi | ANI Photo

Army looks to reduce troops by 2 lakh, deployment in Kashmir could be rejigged

The Army, which faces a shortage of about 1.35 lakh personnel, is aiming to reduce its strength from 12.8 lakh to around 10.8 lakh.

In Kashmir 3 years on, 3 positive changes, 3 things that should’ve happened & 3 that got worse

Kashmir as a crisis has fallen off our headlines and from the top of our collective minds. Which is precisely the most important change for the better.