While the lender has Rs 17,000 crore of retail assets and land parcels in Juhu, Borivali, Worli, and Chembur in Mumbai, there may be a disconnect between the quality of DHFL's books and the value bidders ascribe to it.
Falling sales since demonetisation has alarmed CEOs, who want to save cash till the economy recovers.
Official sources said while the accounts of Nirav Modi, the diamantaire under arrest in this case in London, have deposits of $3,74,11,596 (Rs 258 crore) while the accounts in the name of his sister Purvi Modi has deposits of 27,38,136 (Rs 24 crore).
A debt recovery tribunal in India ruled that Rs 6,200 crore of Vijay Mallya's dues -- Rs 5,000 crore as principal and Rs 1,200 crore as interest -- was payable. Mallya claims that out of the sum due, Rs 3,000 crore had already been recovered by the claimants.
Corporates understand that the PMO drives all key decisions in this government.
Images from Day 3 of the fourth and final Test in Delhi, on Saturday.
Rahane is playing back-to-back Ranji games after a long time and it would be a good opportunity for him to get some runs under his belt, especially at his home turf, before he heads for New Zealand with the India 'A' team.
Diamond industry expects revenues to drop by 20-25% in the current financial year.
The BJP believes that the only party still capable of leading a credible challenge against it is the Congress. Please note how BJP campaigners in states where the Congress may count for a cipher or thereabouts, mostly attack the Congress, observes Shekhar Gupta.
A source said that the lenders have proposed to change the management of the beleaguered air carrier as they feel it is not possible to run the company with present management.
The festering dispute over the accession of Jammu and Kashmir stands out as one of the world's most volatile fault lines that divides regions, countries, societies, communities and ethnic groups, notes Mohammad Sayeed Malik, the distinguished commentator on Kashmir affairs, on Sheikh Abdullah's 39th death anniversary.
The Daredevils might have ended last in IPL VI but former India coach Gary Kirsten feels it is an opportunity for the beleaguered side to do well this season and said his experience with Team India will help him in his new role as head coach of the Delhi Franchise.
When the government is out to get Mallya, why is it quiet about those people who are responsible for Air India's massive losses is a million dollar question
He, however, seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the NCLT to recover Rs 1,200 crore.
They also warned that banks will start reporting higher non-performing assets after September, once the six-month moratorium on loan repayment ends.
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
A rejuvenated India will start as the favourites when they lock horns with Zimbabwe, who have been left bruised and battered after a 10-wicket thrashing, in the series-deciding third and final Twenty20 International in Harare, on Wednesday.
Beleaguered England captain Alastair Cook on Thursday conceded that they may have gone wrong with some of the tactics they employed in what has been a disastrous Test series against India but insisted that there was no lack of effort.
Manafort, who had once lobbied for pro-Inter-Services Intelligence and anti-India groups, had been recently attracting negative publicity for his alleged lobbying activities in Ukraine.
The BCCI on Tuesday banned the 19-year-old from all forms of the game till November 15 for failing a dope test. T
The Board Of Control For Cricket In India (BCCI) has labelled Mahendra Singh Dhoni's comments as 'personal opinion' after the national team's captain said beleaguered coach Duncan Fletcher still called the shots and would lead them into next year's World Cup.
Yuvraj Singh has found support from the maverick batsman, who says the India left-hander is at the receiving end of 'unwarranted criticism' following his scratchy knock in the World T20 final against Sri Lanka in Dhaka, on Sunday.
Under fire, Dhoni's men will look to plug all loopholes as the in-form Bangla tigers aim for a clean sweep
If Mallya does not appear before the court, he risks being declared a fugitive economic offender, besides properties linked to him being confiscated.
'Does the Indian army's new assertiveness risk a clash escalating into shooting and possibly skirmishes?' asks Ajai Shukla.
The special court, however, did not permit the ED to attach the paintings owned by Modi and seized by the Income Tax department as the Bombay high court had earlier directed for the artworks to be auctioned but the money to be deposited and not disbursed.
'It is especially discouraging for young people in the development sector. I've noticed that many of them are actively considering other career options to escape this atmosphere.' Geetanjali Krishna reports.
Ian Bell returned to form in spectacular fashion with a superb 167 and debutant Jos Buttler also shone to help England strengthen their dominant position over India on the second day of the third Test on Monday.
Handed the task of overseeing a struggling Indian team, newly-appointed team director Ravi Shastri refuted suggestions that his role would undermine the position of beleaguered coach Duncan Fletcher.
As the Centre pushes reforms in the power sector, especially for the beleaguered electricity distribution segment, several states, especially those ruled by Opposition parties, are clamouring against it. Maharashtra, West Bengal, Tamil Nadu, and Kerela have voiced their reservations against the proposed amendments to the Electricity Act, 2003. The irony is the states opposing the amendments on the ground of threat of privatisation already have private partnerships in power supply. The proposed Bill was slated to be placed on the floor of Parliament in the Monsoon session. But it still awaits Cabinet approval amid several states complaining that they have been not consulted on the issue.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
Considered one of the greatest finishers in 50-overs cricket, Dhoni will join India's elite 'Club 300', which has Sachin Tendulkar (463), Rahul Dravid (344), Mohammed Azharuddin (334), Sourav Ganguly (311) and Yuvraj Singh (304).
The group companies now lead the market capitalisation league table in sectors such as ports, power generation, gas distribution and transmission, and power transmission and distribution, ahead of incumbents in both public and private sector. This has Gautam Adani family the second wealthiest in business in India.
The bitter circumstances under which his England career was cut short notwithstanding, Kevin Pietersen has still not given up hope of playing for the national team, insisting he can revive the beleaguered side. England lost to India by 95 runs in the second Test at Lord's on Monday and extended their woeful run in recent months.
The inspiring story of India's Blade Runner, Major D P Singh
Lenders to DHFL will meet early July to hammer out a rescue package, which will include the reworking of loan payments, fresh working capital support, roping in a financial investor, and the promoters ceding control.
American help in defending our independence will send a strong signal to the Chinese, argues Colonel Anil A Athale (retd).
The Shiromani Akali Dal chief said the passage of the Bills marks a 'sad day' for the 'country's millions and for democracy'.
The National Company Law Tribunal on Tuesday approved the Jalan-Kalrock Consortium's resolution plan for the bankrupt Jet Airways.
'I'll survive for a month, but worry about what will happen if the lockdown isn't eased after that.'
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