/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The return to profitability and the deleveraging at Reliance Power and Reliance Infra are not what they’re cracked up to be. Plus, as their promoter, his past continues to haunt the two surviving group companies.
A series of wins by Anil Ambani’s two flagship companies, or should we say only two remaining companies, had lent significant optimism to his comeback and had also sparked a rally in their stocks back in May.
The mood has since soured. So much so that the two entities—Reliance Infrastructure and Reliance Power—have, in their defence, highlighted that Ambani and his erstwhile companies being investigated for bank fraud have nothing to do with them operationally, besides pointing to the fact that the instances are 10 years old.
Yet, the umbilical cord cannot be wished away, even though Ambani has not …
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
The stablecoin neobank has raised more than $100 million this year; Saudi Arabia is looking at stock market reforms; and other updates from the week.
