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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
SEBI has chosen to let Reliance Home Finance off with a light fine, when it should have initiated a forensic audit based on lapses.
Last Tuesday, the Securities and Exchange Board of India passed an order on Reliance Home Finance, a company that borrowed over Rs 12,000 crore from banks and investors and defaulted. The order was the culmination of a show-cause notice dated 5 August 2021, which sought an explanation from the company for lapses in disclosures between 1 April 2019 and 26 March 2020.
During the period, the company had not made mandatory critical disclosures to stock exchanges. The disclosures were necessary to determine if the company’s debt instruments, especially non-convertible debentures, were 100% backed by asset cover to ensure that they …
As India prepares to throw open its nuclear sector to private players, the conglomerate is taking position. But the technology, economics and risks look far tougher than anything it has scaled so far.
Multiple institutions have failed in their duty to pursue the litany of cases against Ambani and his companies. This has facilitated a comeback that should never have been
The return to profitability and the deleveraging at Reliance Power and Reliance Infra are not what they’re cracked up to be. Plus, as their promoter, his past continues to haunt the two surviving group companies.
