Nitin Desai suicide: Edelweiss Group chairman, 4 others booked for abetment

Raigad police in Maharashtra on Friday registered a criminal case against five persons including Edelweiss Group chairman Rashesh Shah for alleged abetment of art director Nitin Desai's suicide.......

Nitin Desai started delaying loan repayment from 2018 end: Edelweiss to HC

Senior Edelweiss officials, accused of abetting the suicide of renowned art director Nitin Desai on Friday submitted to the Bombay high court that he had started delaying on his loan repayment......

Role of creditors to be probed in Nitin Desai death case: Fadnavis

A day after renowned art director Nitin Desai was found dead, Maharashtra Deputy Chief Minister Devendra Fadnavis on Thursday said the role a private lending firm, from which Desai had taken loan,......

Reliance Infra cuts standalone debt by 87%; shares surge 20%

Anil Ambani's Reliance Infrastructure Ltd has slashed its standalone debt by 87 per cent to Rs 475 crore after it cleared outstanding dues of Life Insurance Corporation of India, ICICI Bank and......

RBI imposes biz restrictions on Edelweiss

The Reserve Bank on Wednesday imposed business restrictions on Edelweiss Group's lending and asset reconstruction arms on concerns over evergreening of loans. Photograph: Eieleien/Wikimedia......

RBI rejects BoB's plan to send Anil Ambani firms to NCLT

The RBI rejection is a second blow to BoB - the lead bank of both companies -- after a Delhi high court order on August 18 stayed a move by BoB and the entire consortium of lenders to classify......

Aditya Birla, US firm Vrde Partners in $1-billion JV for stressed assets

Värde currently manages about $14 billion globally, and has invested nearly $500 million in India in the past five years Aditya Birla Group and US investment firm Värde Partners on......