Anil Ambani's sinking wealth leaves lenders jittery

While RCom owes Indian banks close to Rs 45,000 crore, Ambani has lost close to $408 million of personal wealth year-to-date until Tuesday. Reliance Communications’ (RCom’s)......

Adani group, RIL, Tata lead race to buy bankrupt firms

Analysts said with more power sector companies referred to the NCLT by banks, large companies would be at an advantage. Better credit metrics and a zero default track record with banks is helping......

Good news for telcos; spectrum-holding cap to be relaxed

The move will help telcos, including Reliance Jio, Vodafone, and Idea Cellular In a move that will boost consolidation and help stressed companies exit the sector, the Telecom Commission (TC) has......

Deal Street sets $81 billion record as promoters shed taboo

The taboo in selling assets has departed from the Indian promoter’s psyche, which is resulting in a large number of billion-dollar deals. In October, when the Essar group sold its 98 per......