Upmanyu Trivedi
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Subrata Roy Must Pay Rs. 62,600 Crore To Stay Out Of Jail: Regulator SEBI
The Supreme Court in 2012 ruled that Sahara group companies violated securities laws and illegally raised over $3.5 billion.
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Vodafone Idea's Shares Dive A Record Amount Over $4 Billion Payout
Local wireless operators including Vodafone Idea and Bharti Airtelsuffered a blow Thursday, when the nation's Supreme Court rejected their appeal against an October verdict, requiring them to pay as much as $13 billion for spectrum and license fees. The companies were counting on some relief, such as a reversal of the earlier order, reduced liabili...
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Why Amazon Is Feuding With A Partner And Billionaire Mukesh Ambani
Amazon says Future violated a contract with the sale to its rival and wants to halt it, while the indebted Mumbai-based firm says it would collapse if the transaction were to fail.
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JP Morgan, Banks Helped Amrapali Group Divert Funds: Supreme Court
The court on Tuesday ordered the federal anti-money laundering agency to investigate Amrapali, based in Noida, for diverting funds overseas with the help of JPMorgan and others.
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Under New Bankruptcy Law, Firms Clear Rs 830 Billion In Dues: Official
A report by the Reserve Bank of India estimates that gross bad-loan ratio may increase to 12.2% by March 2019 from 11.6 percent in the previous year.
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A $190 Billion Clean-Up Needed As PM Modi Looks For Growth Booster
Just days after a landslide electoral victory, PM Modi is being forced to focus on the economy after the slowest expansion in five years.
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Anil Ambani's RCom Bankruptcy Could End Up Helping Brother Mukesh Ambani
The process initiated Friday in Mumbai, once admitted by the court, would leave Ambani's Reliance Communications Ltd., or RCom, 270 days to repay debt or liquidate. The company voluntarily took the step after a planned sale of tower, spectrum and fiber assets to older sibling Mukesh Ambani's Reliance Jio Infocomm Ltd. stalled.
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In Bankruptcy Case Against Anil Ambani, Tribunal To Verify SBI Claim
State Bank of India has claimed that Anil Ambani offered about $160 million of personal guarantees while seeking loans in 2016 for RCom.
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Supreme Court Rejects Resuming Insolvency Case Against Anil Ambani
A three-judge panel headed by Justice L. Nageswara Rao ruled that the bankruptcy case against the former billionaire will remain suspended.
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Mumbai Airport Investor Allowed To Exit In Blow To GVK Power
GVK had offered in March to buy a 10 per cent stake held by a unit of Airports Co. South Africa.
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Bankruptcy Court Allows Vedanta Group Firm To Take Over Videocon
Twin Star, a part of Agarwal's Vedanta Group, will pay about Rs 30 billion ($410 million) to Videocon's lenders.
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2 Firms Trying To Seize Air India Overseas Assets After Arbitration Wins
Devas filed a petition in New York asking Air India to pay the amount or forfeit its U.S. property including planes, cargo handling equipment and artwork.
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JPMorgan Chase's Assets May Be Seized In Case Linked To Amrapali Group
The Enforcement Directorate said it had preliminary evidence that units of JPMorgan Chase & Co. were involved in crimes generating Rs 187 crore.
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Anil Ambani Faces Crisis As SBI Moves To Recover Rs 1,200 Crore From Him
Mukesh has bailed his brother out in the past, making a last-minute payment in a case that could have seen Anil imprisoned.
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Ratan Tata Fights to Save 21-Year Legacy After Cyrus Mistry Court Ruling
In a severe blow to the Tata Group, the National Company Law Appellate Tribunal said December 18 that Cyrus Mistry was improperly removed in October 2016 at the behest of Ratan Tata, chairman-emeritus of the group, whose actions were "oppressive" for minority investors. Meanwhile, Mr Mistry said that he doesn't want to return, but will fight to pro...
