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Edelweiss Asset Reconstruction Company

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Raigad police quiz Edelweiss MD, officials for 8 hours

 ECL Finance Company MD and three officials were on Tuesday quizzed for nearly eight hours by the Raigad police in Maharashtra probing the alleged suicide of film art director Nitin Desai, an......

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.......

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......

Whistleblower accuses Edelweiss ARC of fund diversion, other irregularities

 Whistleblower, Paras Kuhad, alleged that Edelweiss Group and Caisse de depot et placement du Québec, a Canadian institutional investor, which hold stakes in the ARC, diverted funds and did......

Tata AIG, ICICI Lombard join race for RCap's assets

 Tata AIG, ICICI Lombard and Nippon Life have evinced interest for the profit-making insurance arm of Reliance Capital (RCap), joining several prominent financial companies from India and abroad in......

Sale of Reliance Capital's assets gets resounding response

 Blackstone, KKR, and Bain Capital, among others, are in the race for its general insurance arm, and Bandhan Bank, Bain, and Dabur Investments have shown interest for RCap’s 51 per cent stake......

Loan Default: Nitin Desai Lost Control Of Studio

 Photograph: Kind courtesy Nitin Chandrakant Desai/Instagram Noted art director Nitin Chandrakant Desai, who was found dead on Wednesday at his studio in Maharashtra's Raigad district, had......

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