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’…
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…
The one Reliance company that failed MSN Read the original article here
New Delhi, July 2 (IANS): The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as “fraud” in a case that dates back to August 2016. Reliance Communications said in an exchange filing that this disclosure is being made pursuant to the rules of the Securities and Exchange Board…
New Delhi: India’s Reliance Communications said late on Tuesday that State Bank of India has decided to report its loan account as “fraud” in a case dating back to August 2016. The state-run lender would also report the name of Reliance Communications’ former director Anil Dhirajlal Ambani to the Reserve Bank of India, the company…
New Delhi, July 2 : The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as “fraud” in a case that dates back to August 2016. Reliance Communications said in an exchange filing that this disclosure is being made pursuant to the rules of the Securities and Exchange Board…
Del Monte’s losses have piled up as consumers choose healthier or cheaper alternatives. Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as consumers in the United States increasingly bypass its products for healthier or cheaper options. Del Monte announced the bankruptcy filing late Tuesday.…
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Del Monte Foods filed for bankruptcy and is seeking a buyer for its 139-year-old business. The storied canned fruit and vegetable maker has “faced challenges intensified by a dynamic macroeconomic environment,” CEO Greg Longstreet said…
In May, Wolfspeed announced that it faced economic uncertainty, also coupled with the US-American political situation, whose changing trade policies put the industry under strain. However, the financial situation had likely started going sour far earlier, as the company had also announced that it was putting its planned semiconductor factory together with ZF on hold…
Home Business Bad news for Anil Ambani as SBI flags Reliance Communications loan as…, he may have to… Reliance Communications which is under corporate insolvency resolution process is being managed by the Resolution Professional Anish Niranjan Nanavaty, since from June 2019. Bad news for Anil Ambani as SBI flags Reliance Communications loan as…, he…