SBI Moves To Recover Rs 1,200 Crore From Anil Ambani In Guarantees

[ad_1] Anil Ambani had offered personal guarantee on the bank’s loans to his RCom and Reliance Infratel State Bank of India is seeking to recover two guarantees furnished by the former billionaire Anil Ambani, which according to a news report are worth more than $158 million. The state-run lender filed an application with the National […]

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Another Source Of Cash Dries Up For Indian Companies Amid Virus Crisis

[ad_1] Asia’s third-biggest economy is expected to shrink this year for the first time in more than four decades A slump in Indian company foreign-currency loans to an 11-year low is raising concerns that weaker borrowers may struggle to refinance a record amount of maturing debt amid the pandemic. Local firms have secured $1.4 billion […]

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Nonsense, Thunders Top Court, Says Telecom Chiefs In Contempt: 10 Points

[ad_1] The Supreme Court had ordered telecom companies to pay adjusted gross revenue (AGR). New Delhi: A furious Supreme Court today tore into telecom companies as well as the government over dues worth thousands of crores unpaid despite its orders. “We don’t know who is creating this nonsense, is there no law left in the […]

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Rolls Royce, Island Home: What Troubled Indian Tycoons Lose To Creditors

[ad_1] Anil Ambani has been ordered to deposit $100 million into court’s account within six weeks. (File) Weeks after India’s criminal enforcement bureau announced a second auction of the prized personal possessions of fugitive jeweler Nirav Modi including his favorite watch and his Rolls Royce Ghost, the United Kingdom High Court recently asked Anil Ambani […]

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