Even though Gangwal stands on thin ice if the powers entrusted in the shareholders' agreement are considered; Bhatia has much more to lose if this matter escalates further

In parallel, sector regulator Trai is expected to examine prescribing minimum charge for voice and data services

Columbia's Synergy Group founder, who built the sprawling Latin American conglomerate with his brother Jose, had lost his shipyard and airline businesses because of loan defaults.

At the end of the day, successful investments depend on a booming economy, which depends on healthy people, who are ultimately dependent on a sustainable planet

India must aim higher than $5 trillion. The most important thing is to improve the ICT infrastructure because 5G will not only support another G but also other verticals, said Arogyaswami Paulraj

Demonetisation caused 3 percentage point decline in jobs, economic activity, says new studyA new study has found that demonetisation led to a significant decline in cash, which lowered India's economic growth and led to a reduction in jobs by at least 2-3 percentage points in the quarter of the note ban. The paper, 'Cash and the Economy: Evidence from India's Demonetisation', written by Gabriel Chodorow-Reich, an associate professor of economics at Harvard; Gita Gopinath, the Econ...

PMC Bank crisis: The fictitious accounts - over 21,000 - mentioned in the Advances Master Indent submitted to the RBI in March 2018 mostly belonged to dead account holders, while some belonged to people who had closed their accounts with the bank.

PMC Bank crisis: The ED filed a money laundering case against the HDIL promoters in the Rs 4,355 crore Punjab and Maharashtra Cooperative (PMC) Bank fraud case. The agency is also looking for details of other 18 companies linked to HDIL.

Mumbai Police on Thursday arrested HDIL promoters Rakesh Kumar Wadhawan and Sarang Wadhawan in the PMC Bank loan case; both have been sent to police custody till October 9

PMC bank officials allegedly created 44 hidden accounts with fake credentials to help HDIL; loans given to HDIL later turned into NPAs, leading to its bankruptcy and PMC's exposure of thousands of crores

Rakesh is the executive chairman of HDIL, whereas Sarang is the managing director of the company. The government had issued a look-out circular to stop them from leaving the country

PMC Bank crisis: The complaint names the bank's Chairman Waryam Singh and its Managing Director Joy Thomas, along with other bank officials, and accuses them of criminal breach of trust, forgery and falsification of records.

A glimpse of what went down at the recent AGM of Reliance Group companies, where Anil Amabni was threatened with a class suit, and questioned about his support for the Prime Minister

PMC Bank crisis: Of the Rs 8,880-crore loan book (as of September 19, 2019) that PMC had, more than Rs 6,500 crore or over 73 per cent of the assets are with the bankrupt HDIL group only.

RCom AGM: On the venue front, there is a change from the past as the financially embattled group has chosen to hold the meetings in KC College auditorium instead of one of the biggest auditoriums in the city

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JSW Steel has invested Rs 17,000 crore in the last two financial years for expanding its steel production capacity organically

The final bidders will be eligible to analyse financial data and other crucial documents related to the bankrupt airline, following which they can come up with a resolution plan