Dalal Street today: UltraTech Cement followed by Infosys, Sun Pharma, Bajaj Auto PowerGrid, ICICI Bank and IndusInd Bank were among the top gainers in the Sensex pack. On the other hand, ONGC, M&M, Nestle India, Axis Bank and HDFC were among the laggards

Anil Ambani-led Reliance Capital has invited bids to sell stakes in its subsidiaries, including Reliance General Insurance and Reliance Nippon Life Insurance, so as to clear dues worth nearly Rs 20,000 crore

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Traders said positive economic data out of US and progress in stimulus talks in Washington lifted investors sentiments. With less than two weeks to go before the US presidential election, global markets have turned flat with positive bias

In a statement released on Tuesday morning, SBI expressed regret over the inconvenience caused to customers and assured that normal services will resume soon

The court has asked the lenders for their opinion on a plea by the younger Ambani brother requesting them to be included in his challenge to a separate bankruptcy case against him in India

\"No funds whatsoever were provided by Mukesh Ambani to Anil Ambani in a personal capacity, nor was there any gift,\" says Anil Ambani's spokesperson

After the hearing, a spokesperson said that contrary to exaggerated perceptions of his flamboyance and lavish lifestyle, Anil Ambani has always been a simple man of simple tastes

Bankim Thanki, who represented three Chinese banks, said list of his witnesses and assets provided by Ambani was incomplete; he even pointed out to shopping done by Ambani using his credit card from luxurious stores like Harrods, Dolce and Gabbana and Harvey Nichols

Stock market update for upcoming week: Corporate earnings announcements, US-China tensions and coronavirus cases will set tone for Dalal Street

Countering the government's stand on ownership of spectrum, the Committee of Creditors (CoC), led by the SBI told the Supreme Court that the spectrum is an essential and integral part of RCom's assets and is vital for its continuance as a going concern

UV Asset Resolution Co Ltd (UVARCL) has offered bid of a little over Rs 16,000 crore and committed to pay 30 per cent of the sum upfront within 90 days

As per the resolution plan, UV Asset Resolution Co Ltd (UVARCL) has been approved as buyer of RCom and its subsidiary RTIL, while Reliance Jio will get the tower and fiber assets of Reliance Infratel

MSME body has written to the government pointing out many Chinese companies have set up their units in India and they call themselves Indian companies

Ambani seemed to indicate that he did give a personal guarantee to India's largest lender SBI, which has moved the National Company Law Tribunal (NCLT) to recover Rs 1,200 crore

The state-run lender has filed an application in the National Company Law Tribunal (NCLT) to recover the amount from Ambani under the personal guarantee clause of the bankruptcy law

A spokesperson for Anil Ambani said the matter pertains to an alleged personal guarantee for a corporate loan availed by Reliance Communications Limited (RCom) in 2012 for global refinancing

The Reliance Group indicated that it plans to appeal against a UK court ruling that asked Anil Ambani to pay USD 100 million towards a conditional order granted to 3 Chinese banks pursuing the recovery of approx USD 680 million

Case pertains to a loan worth $925 million given to Ambani's now bankrupt Reliance Communications in February 2012; RCom repaid a portion of the loan, but defaulted on its payment obligations in February 2017

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