‘Please take it’ Vijay Mallya ‘offers to repay 100%’ to banks

NEW DELHI: Beleaguered liquor baron Vijay Mallya  who is being investigated for fraud and money-laundering, appealed to various Indian banks to accept  the full amount of the principal loan he owed various banks and slammed the Indian media for repeatedly calling him a defaulter. In a series of tweets, the businessman asserted that the loan amount was used in recovering […]

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Nissan’s former chairman Carlos Ghosn denied all allegations of financial misconduct

NEW DELHI: Nissan’s former chairman Carlos Ghosn who was detained by police and dismissed by Nissan last week has denied allegations of financial misconduct against him. He was arrested alongside fellow Nissan board member Greg Kelly on Monday. Mr Ghosn, a car industry titan who led the Renault-Nissan alliance, has not spoken publicly since the scandal broke this […]

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Ranjan Mathai Jet Airways board as independent director quits his post

MUMBAI:  Former diplomat Ranjan Mathai has resigned as an independent director of jet airways  to his other commitments. Mathai, who is the former Indian Foreign Secretary and Indian High Commissioner to the UK was onboard since March 2017. “I am no longer able to devote the time required to meet my obligations, as an independent director on the Board […]

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Half of India’s ATMs may close down by March 2019 warns CATMI

MUMBAI: Nearly 50 per cent of the Automated Teller Machines (ATMs) may be shut down by March 2019  due to unviability of operations,  and may lead to the closure of half of the 2.38 lakh machines in the country by March 2019, the Confederation of ATM Industry (CATMi) has warned.on Wednesday. Currently, India has approximately 2,38,000 […]

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Bhanu Choudhrie: Entrepreneur with bright imaginings

London: The executive director of C&C Alpha Group Ltd. since 2001, Bhanu Choudhrie has received many awards for his hard work and contribution to political and public life is a successful British Indian entrepreneur. C&C Alpha Group Ltd. is a UK based company with worldwide investments in healthcare, hospitality, aviation, utilities, and agribusiness. It has […]

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Commonwealth Games England: Bhanu Choudhrie spearheaded fund-raising campaign

Former Asian Entrepreneur of the Year, Bhanu Choudhrie was appointed by Commonwealth Games England as a non-executive director. The 34-year-old is a founder and executive director of C&C Alpha Group, a United Kingdom based holding company with investments in healthcare, aviation, real estate, hospitality and utilities spearheaded the fundraising efforts of the prestigious Commonwealth Games […]

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Reports: Tata in active talks to buy majority stake in Jet Airways

Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier. Tata is very interested in Jet but it is not at a stage of conducting due diligence or looking through […]

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Estonian joint venture for e-governance set up by Mukesh Ambani

Tallinn/Mumbai: Industrialist Mukesh Ambani is keen on the e-governance space and has set up a subsidiary company in Estonia to get a grip on the solutions, government officials of the Northwestern European nation have said. Ambani has formed a subsidiary with the Estonian government’s former chief information officer Taavi Kotka. The joint venture will be looking […]

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Reliance via blockchain receives India’s first LC payment

Mumbai: In a first for India, HSBC Holdings Plc has executed a trade finance transaction using blockchain for an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) transaction substantially reduced the time taken for such deals, RIL said in a press release. “The use of blockchain offers significant […]

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