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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 finance minister has stated that banks have recovered Rs 14,131 crore by selling Mallya’s assets. However, the businessman has a number of other hurdles to cross before he can come back to India.
It would look like Vijay Mallya, the business tycoon who owned the beleaguered Kingfisher Airlines and has been living in Britain as a fugitive since 2016, has a good reason to be upset. On Tuesday, finance minister Nirmala Sitharaman told the Lok Sabha that the Enforcement Directorate and public sector banks have recovered a total of Rs 14,131 crore by selling Mallya’s assets.
Mallya was quick to respond, pointing out a day later on social media platform X that the government has recovered twice the debt he owed, and hence he is entitled to relief. That sounds logical. The Morning …
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.
Influence cannot be manufactured through diaspora networks, carefully branded events or political donations. It requires honesty and credibility.
Chinese diplomats to India are saying all the right things for Indian ears, but Beijing’s policy actions are moving in the opposite direction.
