Kolkata-based United Bank of India, which had earlier declared Kingfisher Airlines and its four directors, including Mallya as wilful defaulters, on Tuesday identified UBHL, the guarantor of the grounded Kingfisher Airlines, also a wilful defaulter.
Experts say it's not only important to get due-diligence done by an independent firm but it needs to be cross-checked, too.
Bankers say it's a question of survival for debt-heavy companies.
Samvat 2070 was a great year for top Indian conglomerates in the stock markets.
China has cast a long shadow on India's economy.
On Reva, Mahindra says electric cars are an innovation that can disrupt the automobile sector.
Revivals nearly double q-o-q to 36 in September, highest in 3 years
But earnings of main private holding firm get a booster dose from RIL dividend
In his new role, chief Chinnakannan Sivasankaran's son Saravana is likely to manage 60% of the group's revenues
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
Engineering conglomerate fended off three corporate raids but emerged stronger.
From selling 14,000 Jeeps in 1973, we slipped to selling just 7,000 vehicles within just three-and-a-half years by 1976.
According to documents accessed by Business Standard, RIL increased its direct stake in Jio to 98.9 per cent as on March this year by pumping more capital into the company.
Diageo-led United Spirits pulls out one more lifeline from UB Holdings.
Riding on a stock market boom since 2009, India Inc's chief executives have been able to salvage a lot of lost pride in their second innings.
While it will most certainly impact his personal credit record, it will also have repercussions for his other businesses and companies he is associated with.
According to various senior UB Group officials, the strategy of 14 power brands' focus is expected to be rolled out soon.
Diageo gets assurance, Heineken may seek one, too.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
United Spirits had earlier forked out a loan of as much as Rs 1,350 crore to UB Holdings.
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