yr: 2014. metropolis: Mumbai. event: YouTube Fan Fest; Shah Rukh Khan, the king of Bollywood, is at thedais and the gang is cheering. fanatics are fawning as Khan winds them make-up. make-up, the gears shift. The cheering gets louder. The hysteria rises a few notches. The gaze of the crowd ... Read More »
Embattled Indian tycoon Vijay Mallya’s UB Group has denied allegations that it used 4.3 billion rupees ($65 million) of bank loans to now-defunct Kingfisher Airlines to buy property overseas. Mallya, a liquor baron and lawmaker, has been at an unknown location since March 2 after Kingfisher’s creditors stepped up pressure ... Read More »
Global distressed asset buyers such as JC Flowers & Co and Apollo Global are flocking to India, where banks have been ordered to clean up an estimated $120 billion of bad and troubled loans. Bad loans at Indian banks jumped by nearly a third to around 4 trillion rupees ($60.3 ... Read More »
CHENNAI: Credit rating agency Moody’s Investors Service on Thursday said India’s rising foreign direct investment (FDI) inflows reduces the current account deficit and also the external financing needs. In a statement Moody’s said it does not expect widening of India’s current account deficit based on its assumptions that commodity prices ... Read More »
Coal India’s Jharkhand arm Central Coalfields Ltd (CCL) posted a record production of 61.35 million tonnes (MT) in 2015-16, which was the second consecutive year of double digit growth for the company. “This is the second consecutive year when Central Coalfields Ltd (CCL) has achieved double digit growth and achieved ... Read More »
