Mukesh Ambani has promised to slash the group’s net debt zero to zero by March 2021 after an investment spree of $76 billion in the past five years, bulk of it on its massively disruptive telecom carrier.
History, however, tells us that the United States was a protectionist power for much of its existence, and the tariff was a crucial factor in its dethronement of Britain as global economic leader by the early 20th century.
The country has shortchanged its blue-collar workers, especially women, whose participation rate in the workforce has swooned. A nation of 1.3 billion people is producing only what 150 million affluent customers want.
Altico started defaulting on its interest repayments in September, and its lenders are keen for it to get an equity infusion for any debt restructuring plan to be cleared, the people said, asking not to be identified as the d
Earnings growth for India Inc. is another factor seen support stocks in the new year. A possible economic recovery, lower corporate tax rate, clean up of bad assets at banks, above average monsoon and accommodative central ba
While the RBI’s surprise move Dec. 5 to hold policy rates shocked the bond market, the move augurs well for the rupee. But the government can ill afford a strong currency as the nation’s exports have declined for four st
Apple’s work on communications satellites and next-generation wireless technology means the aim is likely to beam data to a user’s device, potentially mitigating the dependence on wireless carriers, or for linking devices
Outstanding debt of states has risen over the last five years to 25% of GDP, posing medium-term challenges to its sustainability, according to the RBI study. India’s gross general government debt -- including federal and st
Given that the relations between the two men are probably beyond repair, would Mistry even want to return to work at Bombay House, as the headquarters are known? Perhaps not. However, he might want to retake his board seat,
As the loans are already classified as soured, they will need to push the company into bankruptcy by Jan. 3, failing which an additional 20% provisions have to be set aside for the loan, the people said.
The $680 million is the amount Industrial & Commercial Bank of China Ltd. is seeking to recover from Anil Ambani, a former Indian billionaire by invoking what they say is a personal guarantee he gave in 2012.
The parabolic surge in Reliance Nippon and HDFC Asset is also down to the fact that the duo is India’s only listed fund houses. The shortage could ease after UTI Asset Management Co. goes public next year.