Kochhar brothers stepped down from the board of Credential Finance by 2009. While Deepak Kochhar started NuPower Renewables, Rajiv set up Avista Advisory Group
Avista helped some companies restructure their debt in such a way that overseas investors had to take a steep haircut
How Chanda Kochhar and her husband Deepak Kochhar find themselves in a huge controversy.
This was the companies' highest loss in two years.
NuPower will return loan with interest to consumer durables major by 2021
Uttam Galva Steels is a part of the Reserve Bank of India's second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017.
Legal experts are not sure if threat of confiscation of property will be deterrent enough for fleeing offenders
The banks also received a warning from the rating agency Care, in February 2016, after Firestar's financials deteriorated.
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
The code says the process is intended to balance the interests of all stakeholders and the resolution plan is also required to make a statement as to how it has dealt with these interests.
While the concerned property may be confiscated, a person indulging in such a transaction is liable to pay a fine up to 25 per cent of fair market value of the property
Of the 23 Indian billionaires mentioned in the Bloomberg Billionaires Index, only one saw a reduction in net worth, with the companies owned by most of them outperforming the Nifty 50 index by a big margin.
Top firms get GST notices on credit claims on Friday; replies sought within hours.
Companies announce Rs 768 bn worth investments in Dec quarter versus Rs 1.15 trn in Sep quarter
CEOs expect populist measures in the Budget, to help the poor and marginalised, who make up for the largest section of voters.
China Development Bank takes Reliance Communications to NCLT over loan default
Essar group, Bhushan Steel and JSW group likely to be impacted by changes
India serves as the company's R&D hub as it morphs into a health tech major.
While looking at consumer behaviour in the post demonetisation period, the research found that rural consumers were equally enthusiastic about cashless payments.
No new capacity addition is planned for 2018 and capital expenditure plans are on hold
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