Insolvency proceedings against Reliance Capital

The Reserve Bank of India superseded the board of directors of Reliance Capital and announced plans for insolvency proceedings citing payment defaults and serious governance concerns which the board has not been able to address. RBI has also...

RIL says report of its bid for BT is ‘baseless’

Reliance Industries has denied it wants to make an offer for BT after an Indian newspaper reported it was interested in the UK telecoms group. Reliance called the article as “speculative and baseless”, after shares in BT jumped as much as 9...

India's conglomerates have not only gained heft in the market but have also created wealth for shareholders big time. Thanks to the sizzling rally in group companies’ share prices and speedy recovery in their earnings after the first Covid wave,...

The National Asset Reconstruction Company (NARCL) will have maximum impact on loan books of Bank of India (BoI), Union Bank and Punjab National Bank (PNB), which will sell over 1% of their loans to the bad bank. According to rating agency Crisil,...



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