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BANKRUPT INDIAN TYCOONS
Anil Agarwal challenges Adani's winning bid for $4 bln in assets, F1 trackIndian billionaire Anil Agarwal’s Vedanta is challenging fellow tycoon Gautam Adani’s winning bid for bankrupt real estate firm Jaiprakash ...- IndiGo meltdown puts India's competitive airline industry in focusAmid IndiGo’s mass flight cancellations caused by crew shortages, airlines such as Air India and SpiceJet added extra flights to handle the...
- India's banks will lend. Will tycoons like Adani and Ambani borrow?India's workforce is large, but investment is lacking. Private sector expansion is low. Banks are less exposed to key industries. The Reser...
- Vijay Mallya and India's endless legal limbo: When does the wait end?Vijay Mallya's case highlights the protracted nature of Indian debt recovery laws, leaving entrepreneurs in legal limbo for years. Despite ...
- Ananda Krishnan, Malaysian billionaire, once sponsored CSK in IPL. A look at his staggering net worth he left behindNoted Malaysian billionaire Ananda Krishnan passed away on Thursday. Krishnan’s vast business empire covered multiple sectors, and one of h...
- Lok Sabha Elections: Anil Ambani queues up to cast his vote in Mumbai, chats with fellow citizensIn Phase 5 of the elections, six Lok Sabha seats in Mumbai, including Mumbai North, Mumbai North West, Mumbai North East, Mumbai North Cent...
- Suits & Sayings: Two young Turks steer this large tech investor; when bosses let their hair down in Goa; Muscat wedding for gen-next of QSR tycoon & banking honchoAfter years of negotiations came the news of a handshake.
- Lanka IOC boss granted special residence visa to woo more foreign investments to crisis-hit countryThe Sri Lankan government is now exploring options to purchase discounted oil from Russia, as the island nation desperately looks to replen...
- The stakes are high between Jeff Bezos and Mukesh Ambani in their fight over a near-bankrupt companyThe 2025 dollar bonds of Future Retail rose a little Monday, though they still trade at 61 cents to the dollar. Based on what an arbitratio...
- Former RBI governor Patel pens book on dealing with NPA issueTitled 'Overdraft: Saving the Indian Saver', the book focuses on the non-performing assets (NPAs) issue that has afflicted Indian banking i...
- Sunil Mittal’s Bharti Enterprises bids for SoftBank-backed satellite firm OneWebOneWeb had formed an alliance in 2018 with partners including Bharti Airtel to allow wireless carriers to extend their service into airplan...
- Vijay Mallya gets bankruptcy reprieve from UK High CourtJustice Michael Briggs of the insolvency division of the High Court granted relief to Mallya, ruling that he should be given time till his ...
- Creditors swoop on Indian tycoons’ Rolls Royce, island mansionThe moves come as India is battling $130 bn of bad debt that has sparked bankruptcies at some companies.
- Ex-billionaire Mallya let French mansion rot, lender chargesVijay Mallya faces extradition to India on fraud charges. He was granted permission to appeal, which will be heard in February. Once known ...
- 2019: The year Indian tycoons faced bankruptcies, jail and even deathBanks wrote off $39 billion loans in 18 months as they battled the world’s worst bad debt pile.
- From MF, radio arms to head office, Anil Ambani selling anything that has a priceAsset sales would help Ambani bolster the financial health of his group’s companies.
- 13 Indian banks seek details of Vijay Mallya’s assets in BritainSo far there are many assets the banks believe belong to the indebted tycoon that they have not been able to seize.
- View: India turns a bad-loan tragedy into a bankruptcy farceA new section has introduced four layers of new roadblocks for potential bidders. That's a delight for losing sides' lawyers trying to trip...
- Irish tycoon goes bankrupt, but its effect felt in IndiaAn Irish tycoon who has gone bust faces the prospect of being jailed for not surrendering his properties, among other countries, in India.
- Aditya Mittal ranked 6th on Fortune's top young biz leaders listArcelorMittal's CFO Aditya Mittal is ranked 6th on Fortune's '40 under 40,' a list of top young biz leaders who are "innovating and expandi...
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