Court asks Ambani not to dispose of or transfer any of his assets; says insolvency against him should continue as before and that liabilities as personal guarantor can also be examined during resolution process

Moody's said SBI's ratings could be downgraded if India's sovereign rating is downgraded, reflecting the high interlinkages between the banks' credit profile and that of the government

Future Group is in talks with Reliance Retail to sell its flagship Future Retail to pay mounting debts; companies have supposedly reached an agreement regarding certain terms and conditions, and a deal worth Rs 24,000-27,000 crore could be signed soon

Anil Ambani bankruptcy: Anil Ambani's companies have faced a series of challenges and roadblocks. While some are said to have been brought on by executional shortcomings, some appear to be bad timing

The board was expected to discuss the merger of three group companies- Future Lifestyle, Future Supply Chain, and Future Retail- in the meeting

The NCLT order directing appointment of the resolution professional does not constitute an admission of SBI's insolvency application by the tribunal, a spokesperson for Anil Ambani said

Selling of controlling stake in Future Retail to Mukesh Ambani's RIL is seen as biggest setback to Biyani, known as one of the best minds in retail business in India. But how did he come to this point?

Anil Ambani individual insolvency proceedings: With the sword now hanging over promoter's own personal wealth, experts feel they would no longer deliberately try to drag on a process for time immemorial

NCLT has approved initiation of bankruptcy proceedings against Anil Ambani over Rs 1,200 crore owed to State Bank of India

Funds from the bond issuance will primarily be used to support the intended offer to buy out the equity shares of Vedanta Ltd (VDL) that are held by public shareholders, the statement said

The World Bank notes that the government needs to continue to implement critical reforms in key areas such as health, labour, land, skills and finance to come out stronger from the impact of the coronavirus pandemic

Fintechs' ties with banks and NBFCs have come under the Reserve Bank of Indias scanner for shoddy practices. Here is the inside story

A higher quantum of restructured assets would clearly reflect higher asset quality challenges for NBFCs and could restrict their ability to mobilise funds from banks and capital markets, India Ratings and Research said in a report

The development comes at a time when Pakistan faces a challenging situation as its IMF programme also remains technically suspended for the past five months

PM Modi launched the facility through video-conferencing to startups, agri-entrepreneurs, agri-tech players, and farmer groups for post-harvest management and fostering farm assets

Tata Power has already shortlisted seven investors - including Mubadala, KKR, Brookfield, Petronas and Canadian pension fund CDPQ - to negotiate to raise investment in its InvIT

Besides rates, the RBI's measures will also have impact on your borrowing capacity for gold loan, and a dispute resolution mechanism will help you online payments related issues

The RBI has made it obligatory for lenders such as HDFC Bank to provide information on their borrowers to Experian and three other credit bureaus on a monthly basis

Most governments across the world incentivise debts to drive business even when it leads to over-borrowing, economic instability, tax evasion and adversely impacts investment in public goods. In contrast, equity-driven business has none of these ill-effects, produces better economic outcomes too

India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit