Insolvency Guardian Media Centre
NCLT Clears Adani Properties’ Bid for HDIL Assets Worth Over Rs. 2,000 Crore Goodreturns
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On Wednesday at 4:26 PM (Bangkok time), the share price of SCB X Public Company Limited (SET: SCB) rose by 1.27% or THB 1.50 to THB 119.50, with a trading value of THB 1.99 billion.
Kasikornbank Public Company Limited (SET: KBANK) grew by 0.65% or THB 1.00 to THB 155.50, with a trading value of THB 1.83 billion.
Bangkok Bank Public Company Limited (SET: BBL) increased by 1.06% or THB 1.50 to THB 142.50, with a trading value of THB 574.62 million.
TMBThanachart Bank Public Company Limited (SET: TTB) climbed by 0.52% or THB 0.01 to THB 1.92, with a trading value of THB 398.60 million.
Krung Thai Bank Public Company Limited (SET: KTB) gained 0.47% or THB 0.10 to THB 21.60, with a trading value of THB 367.07 million.
TISCO Financial Group…
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The one Reliance company that failed MSN
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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 of India (SEBI).
“This is to inform you that Company has received letter dated June 23, 2025 (received on June 30, 2025) from SBI (marked to he Company and its erstwhile director – Shri Anil Dhirajlal Ambani), inter alia, stating that SBI has decided to report the loan account of the Company as “fraud” and to report the name of Shri Anil Dhirajlal Ambani (erstwhile director of the Company) to the…
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Potential ‘offences’ found by liquidator of recruitment company owing $2.9m The Press
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[SINGAPORE] Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered Bank in the High Court of Singapore, they said in a statement dated Monday (Jun 30).
The lawsuit, brought by court-appointed liquidators Angela Barkhouse and Toni Shukla, seeks to hold StanChart accountable for its role in allegedly enabling fraud to be committed against 1MDB and the systematic theft of funds.
Three companies in liquidation linked to 1MDB – Alsen Chance Holdings, Blackstone Asia Real Estate Partners and Brightstone Jewellery – said financial breaches and control failings by StanChart between 2009 and 2013 led to financial…
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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 said, under rules that require key management personnel of fraud accounts to be reported to the regulator.
The firm, which is undergoing insolvency proceedings, is a group firm of the Anil Ambani-led Reliance Group.
Anil is the brother of Indian billionaire Mukesh Ambani, who chairs the oil-to-telecom conglomerate Reliance Industries.
State Bank of India…
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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 of India (SEBI).
“This is to inform you that Company has received letter dated June 23, 2025 (received on June 30, 2025) from SBI (marked to he Company and its erstwhile director – Shri Anil Dhirajlal Ambani), inter alia, stating that SBI has decided to report the loan account of the Company as “fraud” and to report the name of Shri Anil Dhirajlal Ambani (erstwhile director of the Company) to the…
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The debt debate ODI: Think change
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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 a statement.
- A sale of the California-based company is “the most effective way to accelerate our turnaround and create a stronger and enduring Del Monte Foods,” Longstreet…
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The turmoil caused by Trump’s “Liberation Day” tariffs and heightened uncertainty about future government policy are expected to weaken US economic growth and raise inflation. This, coupled with the recent credit downgrade of US government debt by ratings agency Moody’s, is likely to put upward pressure on US interest rates, further increasing the servicing cost of US government debt.
Moody’s cited concerns about the growth of US federal debt. This comes as the US House of Representatives passed the “One Big Beautiful Bill Act”, which seeks to extend the 2017 tax cuts indefinitely while slashing social spending. This has caused some to question the sustainability of the US government’s fiscal position.
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