An analysis revealed that 15% of insolvency cases, which exceed Rs 1,000 crore, represent 90% of the recoverable value. With delays increasing in resolution times, […]
Category: Business
Anil Ambani, others fined Rs 624 crore by Sebi for fund diversion
Markets regulator Sebi banned Anil Ambani and 24 entities connected to him from the securities market for five years, levying a Rs 624 crore fine […]
Disney, Reliance offer ad rate concessions for deal: Report
Disney and Reliance have made concessions to gain antitrust approval for their $8.5-billion media merger, offering not to hike advertisement rates unreasonably. However, they declined […]
Vistara set to merge with Air India as Cabinet to decide on FDI
The Cabinet was expected to give final approval for Vistara’s merger into Air India, clearing the FDI by Singapore Airlines into AI. Following this, SIA […]
Indian IT sees CFO churn, some join rivals
The Indian IT sector experienced a wave of CFO transitions in less than a year, including high-profile moves between rival companies. Notable changes include Jatin […]
Jerome Powell says ‘time has come’ for Fed to cut interest rates
Chair Jerome Powell announced that the Federal Reserve is ready to cut its key policy rate, confirming expectations that officials will start lowering borrowing costs […]
Reliance Infra, Power shares decline after SEBI bars Anil Ambani from securities market
Anil Ambani and 24 other entities including former key officials of Reliance Home Finance Limited (RHFL) faced a five-year ban imposed by Sebi from the […]
Food delivery firm Swiggy targets $15 billion valuation in IPO: Report
Swiggy targeted a valuation of $15 billion for its upcoming IPO, aiming to raise $1-1.2 billion. Competing with Zomato, Swiggy secured shareholder approval for this […]