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...
Tag : RCom
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....
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...
No Relief For Mr. Anil Ambani
Mr Ambani resigned as a director, but his resignation was rejected by its committee of creditors Despite decades of a corporate legal structure in...
Why did Anil Ambani resign now?
RCom soon became debt-ridden and much as Mr. Ambani hoped to sell its assets and repay its lenders as he had personally promised, that did...
Business Headlines: How did a nearly bankrupt Anil Ambani repay his debt?
The Anil Ambani led ADAG Group is facing unprecedented problems. Its listed entities are reduced to market capitalization of ₹ 20,500 crore from upward of...
Its official! Anil Ambani’s RCom is bankrupt
RCom had sought to exclude the company for the period from May 30, 2018, to April 30, 2019, at the last hearing. New Delhi| Anil...
Business Headlines: With just 22% stake left, Anil Ambani is rapidly losing control of RCom
Anil Ambani is rapidly losing control of his flagship company Reliance Communications. In December 2018, just three months ago, Anil Ambani’s shareholding in RCom was...
Financial Institutions sell pledged shares of RCom
The story of Anil Ambani can be summed up in two sentences by taking a look at his flagship company Reliance Communications. RCom’s market capitalisation...
Mukesh bails out younger brother Anil Ambani, what now for RCom?
With an opera like drama playing out in the annals of the Indian business community last evening, we were all kept at the edge of...