SMEs accounted for 98.5% of insolvencies in the first half of 2025 – Deloitte – Business Post
SMEs accounted for 98.5% of insolvencies in the first half of 2025 – Deloitte Business Post Read the original article here
Anil Ambani in Trouble Again as SBI Tags RCOM Loan ‘Fraud’
In a major setback for Anil Ambani, the former director of Reliance Communications Ltd (RCOM), the State Bank of India (SBI) has classified the company’s loan account as “fraud.” The bank is now gearing up to report Ambani’s name to the Reserve Bank of India (RBI), stirring fresh controversy around the telecom giant’s financial dealings.…
Supreme Court directs Lodha Developers to deposit Rs 520.8 crore for vacation of ED attachment
The Supreme Court on Wednesday directed Lodha Developers, which acquired V Hotels Limited through an insolvency process, to deposit Rs 520.8 crore within four weeks to vacate the Enforcement Directorate’s attachment of land parcels worth Rs 4,000 crore. The Apex Court passed the verdict on a petition filed by the national agency, challenging the Bombay…
Reliance Communication loan account classified as ‘fraud’ by SBI
India’s largest lender, State Bank of India (SBI) has classified the loan account of Anil Ambani’s Reliance Communications as “fraud”. In a letter dated June 23, 2025, SBI said that it issued a show cause notice to the company via letters in December 2023, March 2024 and September 2024. After taking cognisance of Reliance Communications’…
The one Reliance company that failed – MSN
The one Reliance company that failed MSN Read the original article here
Lodha Developers to deposit Rs 520 cr as security in legal case against group firm VHL- The Week
New Delhi, Jul 2 (PTI) Lodha Developers Ltd has been directed to deposit Rs 520.80 crore as security in relation to an ongoing case in the Supreme Court against V Hotels Ltd, which the company acquired last year through an insolvency process. In a regulatory filing on Wednesday, Lodha Developers Ltd informed that this matter…
Norwich City Council to put Lion Homes into liquidation
A report to Norwich City Council’s cabinet blames changes to the housing market and economy for making its housing arm, Lion Homes, unviable. The company, which is wholly owned by the council, was founded as Norwich Regeneration Limited in 2015 in the hopes of delivering more affordable housing and an additional income stream for the council. However, the…
The challenge at UN aid conference: Governments cannot paper over the cracks in development funding | Opinion
World leaders gathered in Seville this week for the U.N.’s International Conference on Financing for Development have an immense challenge before them. The hope originally was to find the additional money needed to reduce poverty, promote growth and fight climate change. Now, the worry is that matters may get even worse than they already are.…
UN aid meeting seeks end to Global South debt crisis – France 24
UN aid meeting seeks end to Global South debt crisis France 24 Read the original article here
NCLT Clears Adani Properties’ Bid for HDIL Assets Worth Over Rs. 2,000 Crore – Goodreturns
NCLT Clears Adani Properties’ Bid for HDIL Assets Worth Over Rs. 2,000 Crore Goodreturns Read the original article here