Moon Capital Management has asked Subhash Chandra to offload majority stake in Zee Learn due to concerns about debt, corporate governance and strategy.
From stabilisation of the bankruptcy process to the roll-back of the worst of the Budget, there were a few things to be optimistic about the Indian economy.
Here are some of the country’s biggest and most-storied businessmen who saw their fortunes fade in 2019 as Indian banks attempted to repair their balance sheets.
Zee’s stock value is dropping as tycoon Subhash Chandra and his Essel Group work to clear an outstanding debt of about Rs 11,000 crore with shares pledged as collateral.
The fragile investor sentiment for the Anil Ambani group was dealt a blow after its wireless unit, Reliance Communications, said last Friday it plans to file for bankruptcy.
Fauja Singh, 114, died after being hit by a speeding car. His death renews questions about India’s deadly roads, rising accidents, and poor traffic discipline.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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