SEBI in February had issued a retraining order on founder Ambani and other top executives of a group entity, Reliance Home Finance, for allegedly diverting funds to repay debt.
The outfit claimed the responsibility by posting a message on Telegram, which went viral on social media and came to the notice of Mumbai police, a senior police official said.
The apex court said the proceedings before the National Company Law Tribunal will go on and but will not culminate into any final order on amalgamation of Future Retail with Reliance.
The dispute, involving three Chinese banks, revolves around an alleged breach of a personal guarantee on a company debt refinancing loan of $925 million dating back to February 2012.
More than Rs 930 billion deep in debt, business tycoon Anil Ambani is waging a war to raise money to sail through after his flagship firm Reliance Communications Ltd slipped into insolvency.
The issue of inequality has assumed the blazing limelight at a time when inequality in India is said to be higher than it was in the British Raj. It's a ripe situation for half-truths and incendiary statements.
Speaking at launch of economist Surjit Bhalla’s book, S Jaishankar also highlights Gen Z’s engagement with ‘reel culture’, which has 'promoted awareness, created interest in many subjects'.
Germany’s erstwhile Christian Democratic Union govt, led by Angela Merkel, prevented sale of small arms to police forces in states they perceived had ‘bad human rights record’.
A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.
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