Daily Archives: November 14, 2018

Resolution failures: Lenders may act against UK’s Liberty

Liberty House has been an active bidder in the insolvency process. The resolution plan submitted by the UK-based company, headed by Sanjeev Gupta, had been approved for several companies — Amtek Auto, Castex Technologies, Adhunik Metaliks and Zion Steel.

RBI circular intrudes on govt turf?

While banning debt restructuring schemes, RBI decided to terminate the ‘5/25 scheme’ for bank loans for long-gestation infrastructure and core sector industries. Government officials believe RBI went ahead with the move despite the scheme being announced in Parliament in the 2014 budget.

Zee may be open to bigger share sale

The statement along with the appointment of LionTree, led by prolific media and telecom deal-maker Aryeh Bourkoff, and Goldman Sachs as advisors, appeared to convince market mavens that the Chandra family is eyeing a large deal with US cable and media behemoths like Charter Communications and Comcast.

Binny Bansal and woman had consensual affair, probe concluded

The accusation of sexual assault came in late July, according to a person with knowledge of the matter, who requested anonymity because the details aren’t public. The person said the accuser was a former Flipkart employee, while a second person who knew of the situation said the woman never worked there.

Tata Sons chief to pitch for board’s backing to acquire Jet Airways

The plan will touch on long-term financial goals as well as on the proposed path for combining the acquired business with that of the group’s existing aviation interests, according to people close to the development.

Don’t think current Indian side is better than ones I played against: Waugh

Former Australia captain Steve Waugh is “not sure” if the current Indian team led by Virat Kohli is any better than some of the sides that he played against during his days as claimed by Ravi Shastri.

Trump expected to reshuffle staff in White House turmoil

The start to the second half of Trump’s first term is enveloped in gloom as the president surveys the damage from the midterms, tension with some of America’s closest allies, and now turmoil inside the administration.

Boxing will remain in Olympics: AIBA chief

Boxing faces uncertain Olympic future but the world body chief Gafur Rakhimov said the sport will remain in the 2020 Tokyo Olympic Games roster having made improvement on several aspects as sought by the International Olympic Committee (IOC).

Fox News to back CNN in court battle with White House

ATP Finals: Djokovic sees off Zverev challenge

Novak Djokovic moved closer to a place in the semi-finals of the ATP Finals as the world number one dispatched Alexander Zverev 6-4, 6-1 on Wednesday.