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The Reserve Bank of India superseded the board of directors of Reliance Capital and announced plans for insolvency proceedings citing payment defaults and serious governance concerns which the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...

In a first, state-owned Life Insurance Corp (LIC) may split its initial public offering (IPO) into two parts with a gap of a few months. LIC is planning to mobilise £10 billion through the IPO, according to a report. There is a view that the...



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