ED jolts Anil Ambani grp's fragile recovery

-
Anil Ambani's Reliance empire, once burdened by debt, saw Reliance Power and Infrastructure stocks rally, fueled by operational improvements and infrastructure optimism. However, ED raids on group-linked entities disrupted this revival, reviving memories of past defaults. Despite distancing themselves from Anil Ambani, the firms face scrutiny over legacy defaults of RCOM and RHFL.

from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/32kNQIt

Comments

Post a Comment

Popular posts from this blog

ICICI sought to acquire HDFC, reveals chairman Deepak Parekh

-
Image
Deepak Parekh disclosed that Chanda Kochhar once suggested a merger between ICICI Bank and HDFC. Parekh declined the offer. He cited regulatory pressure as the main driver for HDFC's eventual merger with HDFC Bank. Parekh described the merger's conclusion as both sad and happy. He emphasized the need for larger Indian banks through acquisitions. from Latest Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/T7rinvo
Read more

Sony says no extension of merger deadline yet

-
Image
Sony's India unit is considering Zee's proposals for completing the merger. Sony Pictures Networks India has not agreed to a deadline extension requested by Zee, indicating that the merger may not be completed by the December 21 deadline. Legal cases against Zee and its promoters have been hindering the merger. Sony is required to start discussions about extending the deadline but has not yet agreed. The merger still requires approvals from the ministry of information and broadcasting and the registrar of companies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/J26qwV4
Read more