/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Multiple institutions have failed in their duty to pursue the litany of cases against Ambani and his companies. This has facilitated a comeback that should never have been
One barely heard of Anil Ambani after his ignominious track record of running several of his companies into the ground and allegations of bank fraud surfaced. That started changing around September 2024.
Ambani’s surviving group companies—Reliance Infrastructure and Reliance Power—began making a series of announcements about capital infusions and plans to expand business. His return to the limelight reached a high point in early December 2024, when he was seen seated in the front row at the Maharashtra government’s swearing-in ceremony in Mumbai, which the prime minister attended.
Ambani was no longer a pariah. An image rehabilitation was underway for …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
India’s second-largest brokerage by active clients wants to handle IPOs as a merchant banker. But gaining a foothold in the highly competitive sector is easier said than done.
