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The Kishore Biyani-led Future Retail, which is in the final stages of discussions for a majority stake sale to Mukesh Ambani-led Reliance Industries (RIL), on Monday averted default by making an interest payment of $14 million, or Rs 100 crore, on its foreign bonds.
Cairn tracks $70 billion foreign assets"The Indian government naturally will challenge such seizure but to save the assets it may have to pawn money equivalent to the value of assets in some financial security such as bank guarantee. The court will return such a g… Read MoreNifty has strong support at 14,400-14,200Nifty on the weekly chart has formed a negative candle at the highs, which signals inability of the bulls to maintain the highs. After the upside breakout of down sloping trend line resistance in the previous week, Nifty slip… Read MoreRBI opposes fresh insolvency freezeIn initial discussions with the government, the RBI has indicated a freeze will not help anyone in the long run as it will only show lower level of non-performing assets (NPAs), government sources told TOI. The government has… Read MoreRBI raises concerns over dual microfinance regulation in AssamDuring the first meeting of the newly formed Assam government and microfinance stakeholders in Guwahati on Saturday, RBI officials are said to have argued that banks and non-bank microlenders, which are regulated by it and op… Read MoreAdani Transmission to raise $1.15b via offshore loans“The company is working on a dedicated structure through which the whole sum will be raised for those four projects,” said one of the people. The four include the Western Region Strengthening Scheme, Lakadia Banaskantha Trans… Read More
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