Banks passing the parcel in Future Retail
The struggling retailer’s directors have been accused of causing a massive loss to its lenders, but the banks also seem to have conveniently dragged their feet on the matter.
March 16, 2023•5 min
0
March 16, 2023•5 min
0
More in Business
Business
From India and Pakistan, two new banks for the Emirates
The acquisition of RBL and First Women Bank, Amazon Now in the Emirates and other updates from the week.
You may also like
Business
Anil Ambani owes his gravy train ride to apathy, leniency
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
Internet
How Reliance’s $180 million bet on Embibe came to naught
The edtech company was supposed to be the conglomerate’s answer to India’s education crisis. Seven years and $180 million later, the AI-powered startup has quietly vanished into corporate obscurity.
Business
An uneventful Reliance AGM that could not have been otherwise
Everyone seems to be disappointed with the company’s annual general meeting. With hands full and businesses that need further nurturing, this was not the time for big-bang announcements. And so it was.