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.
The investment represents 60 per cent holding in the equity share capital of Netmeds' parent company, Vitalic Health and 100 percent direct equity ownership of its subsidiaries.
Reliance's shares have more than doubled from a low in March as its digital unit got billions in investments from companies including Facebook Inc. and Google.
Mukesh Ambani is not just inking deals with FB and Google in 2020, he is also seeing a massive fan base grow on Instagram. From Antilia to khandaani pujas, fans can’t get enough.
Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
Difference between a person not going for loan and a person going for a loan is like a difference between a debt fund and a equity fund. The former will rise steadily but slowly, the latter will shoot up or down. As a nursery kid would say, like a snail and a rabbit.
It is sad that a talented person like Anil Ambani has to face the situation that he is facing at the most crucial age in his life which is the ripe time to multiply It was only because he was at a wrong place at the wrong time. He will come up if he looks after his health. He will prove himself in time. This experience will be useful for his family and next generation of entrepreneurs.
One should think 1000 times before taking loan from a bank. Banks are friend when you have lot of money but a real enemy when you don’t have money.
Learn from here that these banks have shown red carpet when they were giving loan to Mr Ambani.
I am with Mr Ambani that he has not a run away from the situation and facing the truth with courage.
On the other hand I would personally suggest to all my readers and fellow people that do not take loan from banks in both the conditions you have money me or you don’t have money.
When you are in good days banks are your friends and when you are in bad days these banks make your days worst.
I sir if you remember I have send a mail to you
Difference between a person not going for loan and a person going for a loan is like a difference between a debt fund and a equity fund. The former will rise steadily but slowly, the latter will shoot up or down. As a nursery kid would say, like a snail and a rabbit.
It is sad that a talented person like Anil Ambani has to face the situation that he is facing at the most crucial age in his life which is the ripe time to multiply It was only because he was at a wrong place at the wrong time. He will come up if he looks after his health. He will prove himself in time. This experience will be useful for his family and next generation of entrepreneurs.
Wish you all the best anil ambani…aap ek baar phir se sabkuch theek karlenge
God bless you always ???
One should think 1000 times before taking loan from a bank. Banks are friend when you have lot of money but a real enemy when you don’t have money.
Learn from here that these banks have shown red carpet when they were giving loan to Mr Ambani.
I am with Mr Ambani that he has not a run away from the situation and facing the truth with courage.
On the other hand I would personally suggest to all my readers and fellow people that do not take loan from banks in both the conditions you have money me or you don’t have money.
When you are in good days banks are your friends and when you are in bad days these banks make your days worst.