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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The management of the bankrupt group claims to have resolved 61% of its massive debt. Reality or window dressing?
Remember the Infrastructure Leasing & Financial Services crisis, the closest India has come to facing a Lehman Brothers moment? With Rs 1.15 lakh crore in unresolved debt and a knock-on impact on India’s debt market and shadow lenders, chances are you do.
In what seems to be good news on this front, an 8 July story carried by the Times of India, quoting C.S. Rajan, managing director of IL&FS, said that an estimated 61% of the overall debt (as of October 2018) was set to be resolved.
The company has managed this through a combination of court-approved sales and settlements. …
Former WeWork chief is betting on the Mideast markets, fresh attacks have the Gulf on edge again, and other updates from this week.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
Atanu Chakraborty’s resignation does not appear as damaging as the bank’s response to it. The ‘all is well’ narrative needs an independent audit.
