Senior official says govt always has a buffer or surplus from returns it makes on EPFO’s investments, which ensures that employees’ savings remain protected.
Value erosion of Anil Ambani's two finance companies due to debt default has made asset sale only viable alternative, say bankers. RBI disagreeable to resolution under IBC.
Care Ratings cut Reliance Capital’s bonds by 8 notches to D from BB, citing delay in coupon payments on several of lender’s non-convertible debentures.
With $252 million of debt falling due in May-June, asset disposals are key to averting a crisis at Reliance Capital, India’s fifth biggest mutual fund.
Armenia has procured significant defence equipment from India, including artillery guns, multi-barrel rocket launchers, air defence system, sniper rifles, weapons locating radars, anti-drone weapons.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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