/
•
•
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 stablecoin neobank has raised more than $100 million this year; Saudi Arabia is looking at stock market reforms; and other updates from the week.
The central bank’s shift to a 100% collateral requirement threatens to erode leverage, reduce volumes and force a consolidation across prop desks.
High returns, RBI-regulated comfort, and easy withdrawals drew investors in. Now, with repayments drying up, the fintech platform, its NBFC partner, and the regulator are pointing fingers—leaving customers to chase their own money.
