Refuting the charges, a spokesperson for Anil Ambani reiterates that Reliance Capital board had been superseded by RBI, and that an administrator had been appointed.
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.
Watching Manmohan Singh's last press conference as PM, where he answered 62 unscripted questions from 100 journalists, is an exercise in realising how far India’s political culture has shifted.
Recruitment of Nepali Gorkhas into Indian Army is on hold since 2022 with Nepal viewing four-yr tenure of Agnipath scheme, among others, as inconsistent with historical frameworks.
The young people broke the self-imposed silence among the elite not to speak a word critical of the Modi government, except to whisper on the sidelines, looking left, right and behind.
COMMENTS