With the State Bank of India moving the National Company Law Tribunal's Delhi bench to enforce the personal guarantees of Ambani, it will delay the recovery of dues by the Chinese banks which won a UK court order in May this year.
'In India, the impact will be less than 1% of employee headcount.'
Dhirubhai may or may not have owned the government; it would seem his son wants to own the market, notes T N Ninan.
The market has zoomed to new highs for calendar 2017.
Q3 results have been poor but better than extremely low expectations.
More than a year of Covid-19 has pushed most businesses into gloom but Reliance Industries Ltd (RIL) managed to reduce its gross debt 25 per cent, enabling it to turn towards its next phase of capital expenditure that has come in the form of a Rs 75,000-crore plan for green energy and power storage. The company managed to stay afloat during the pandemic because of its large presence in the consumer-centric businesses of retail and telecommunication (see chart: "A new Reliance"). These two businesses constituted 45 per cent of its EBITDA during FY21 from 36 per cent in FY20.
Zuckerberg says internet.org can co-exist with net neutrality
With the O2C business outlook on the mend, the Street is also looking forward to news on RIL's proposal to sell up to 20 per cent of the O2C business to a strategic investor like Saudi Aramco.
Saudi Aramco had right from the beginning resisted the price tag Reliance had put for the 20 per cent stake in O2C business, which comprises the company's twin refineries at Jamnagar in Gujarat, petrochemical plants and 51 per cent in fuel retailing venture.
Reliance Industries Ltd's focus on the next hypergrowth opportunities in clean tech and its path to decarbonisation has the potential to spur re-rating, raises clarity on investment cycles and reduces investor worry, brokerages said. RIL chairman Mukesh Ambani at the company's 'Green AGM' on Thursday committed Rs 75,000 crore over the next three years to set up an integrated Green Energy Giga Complex across 5,000 acres in Jamnagar, Gujarat which will contain four giga factories. The complex, which would be one of the world's largest renewable manufacturing facilities, would have an integrated solar photovoltaic module factory, an energy storage battery factory, electrolyser manufacturing for hydrogen production, and manufacturing of fuel cells so that hydrogen can be used in transportation.
Flipkart co-founder Sachin Bansal on Friday took pot shots at Snapdeal saying India should not be blamed for the latter's failure to hire "great engineers".
The Porsche 911 RS is fast becoming a collector's item among India's high net worth individuals.
Liverpool laboured to a 2-0 win over Denmark's Midtjylland on Tuesday as a goal from Diogo Jota and a Mohamed Salah penalty secured a hard-fought Champions League Group D victory at Anfield.
Is it only about choosing the right model and manufacturer? No, there's more to it. Know how to select the ideal car.
In essence, follow the private-equity approach to personal investing and treat each investment decision as if it is a matter of life-or-death, because it is, suggests Avinash Luthria.
College is where the manicured view of the world provided by one's family, encounters new trends. It is the dawn of exploration. Wishing for a sanitised bubble on campus appears hypocritical. The correct strategy, one would assume, is to weed out the violence while retaining the right to political debate, argues Shyam G Menon.
Spain spoiled the Irish party in Gdansk when a rejuvenated Fernando Torres netted twice in a crushing 4-0 Group C victory that eliminated Giovanni Trapattoni's side from Euro 2012.
Bloomberg's data notes that since last year, Bill Gates's net worth has decreased by $1.1 billion, while Ortega's has increased by an impressive $10.4 billion.
Images from Day 9 of the 2022 Australian Open, at Melbourne Park, on Tuesday.
Business failures rise when growth declines. When Indian growth slowed in the last decade, defaults increased. This is the normal working of the market economy, points out Ajay Shah.
Foreign portfolio investors have been net positive since the Union Budget
Key stimuli of the government's relief package will be a tax break on jet fuel, waiver of parking and landing charges at airports for the next six months and deferment of payment to oil companies by three months.
It is startling that Mark Zuckerberg has failed to convince so many in India about the merits of Free Basics.
Read the numbers carefully because no one can offer a credit card at zero cost or give a loan at a simple interest of 9%.
A falling rupee and lower foreign buying in equities are signals investors should watch out for, says Devangshu Datta
The market is moving up because there is a high degree of speculative retail and operator action. This is rarely a situation sustainable for any lengthy period, says Devangshu Datta.
An open and free internet is a key contributing factor to innovation in the digital economy.
Exiled England batsman Kevin Pietersen believes his former teammates can win the World Cup if they play with freedom even though their dreadful record in the last five tournaments suggests otherwise.
The deal includes Reliance Infrastructure's integrated business of Generation, Transmission and Retail Electricity Distribution
While there has been an improvement in the overall demand environment, the other reason expected to trigger this growth is the absence of a bench strength in most companies
Images from Day 6 of Wimbledon at the All England Lawn Tennis and Croquet Club in London, on Saturday.
In a recent article, Rajan has ridiculed critics of the exchange rate policy.
BCCI Apex Council will work on finalising India's revised Future Tours Program and the domestic season.
Vivek Agarwal, founder of OOKIOH tells Rediff how he is making swimsuits that look good and feel great too.
Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.
Multiple triggers such as asset sales, pickup in energy cash flows, increased traction in omni-channel retail, and rise in ARPUs could further drive the stock.
Last month, the bank was placed under Prompt Corrective Action due to high level of bad loans, lack of sufficient capital to manage risks and negative return on assets for two consecutive years.
Leicester City won at Arsenal for the first time in 47 years on Sunday, with substitute Jamie Vardy's late close-range header enough to secure victory in the Premier League at The Emirates.
TRAI said that Internet service providers would not be allowed to discriminate on pricing of data access for different web services.
