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Business Tit-Bits: Frauds, Corporates and the Slowdown
India’s economic slowdown has coincided with receding fortunes of corporates and the collapse of many companies, who at one point of time were industry leaders/icons in their own right. These fallen corporates have included the likes of ILFS, DHFL,...20 Dec 2019 10:28 AM GMT
Business Tit-Bits: Chinese Banks and Ambani Guarantees
Three Chinese banks are suing the brother of Asia’s richest man in a London court for failing to pay back $680 million in defaulted loans. The Mumbai branch of Industrial & Commercial Bank of China, China Development Bank and the Export-Import...18 Dec 2019 7:38 AM GMT
Business Tit-Bits: No relief for Mr Ambani
It is well known that the Reliance Group of Anil Ambani has been completely dominated and controlled by him.Whether in prosperity or in adversity the company’s reins are in promoters hands and thus by default the entity can do little without him,...27 Nov 2019 7:00 AM GMT
Business Headlines: Jio overthrows Vodafone-Idea to become largest telecom operator
Numbers released over the weekend show Vodafone-Idea, which became the country’s largest telecom operator by subscribers after their merger last year, relinquish its crown to Jio, which took the top spot in terms of number of subscribers. We give...29 July 2019 8:23 AM GMT
Business Tit-Bits: Were they really Billionaires?
India’s billionaire club has shrunk to a three year low. From a peak level of 90 Indian billionaires in March 2018, we now have 71 of them. Among the prominent ones who have exited from this hallowed group are Anil Ambani whose wealth is reportedly...27 July 2019 7:00 AM GMT
The billionaires that never were
A news report says that India’s billionaire club has shrunk to a three year low. From a peak level of 90 Indian billionaires in March 2018, we now have 71 of them. Among the prominent ones who have exited from this hallowed group are Anil Ambani...27 July 2019 6:36 AM GMT