UNPAID SHARES DUBAI
Why Hindenburg report is a blessing in disguise for Gautam Adani Hindenburg report will slow his speed of expansion and diversification, and force his financiers to be diligent and cautious in future. This could impose highly desirable financial discipline on Gautam Adani, to his own benefit.
24 Feb, 2023, 06.22 PM IST'Unpaid shares' in Dubai, BVI companies may come back to haunt many Indians Under the Indian Companies Act, a person is allotted shares only after full payment. While UAE Free Trade Zone (FTZ) rules require a minimum share capital of 50,000 dirhams (about ₹11 lakh at the current exchange rate), the authorities do not insist...
05 Sep, 2022, 07.02 AM ISTA year after Jet Airways grounding, wishes to go back in time, hopes of revival dot the firmament As the grounding of the cash-starved Jet Airways nears one year, many dreams have been shattered but there is optimism of an insolvency resolution-led new birth.
15 Apr, 2020, 06.08 PM IST- ADVERTISEMENT
FedEx'd diamonds fueled Nirav Modi PNB fraud, says report The three-carat gem was shipped at least four times between shadowy cos allegedly controlled by Nirav Modi.
30 Aug, 2018, 11.09 AM ISTED, CBI go after country’s second-largest wilful defaulter, Winsome group's Jatin Mehta Agencies such as ED and CBI need help from the UAE to verify Winsome’s explanation for its inability to repay Indian banks
08 May, 2017, 07.06 AM ISTAustralia slashes $190 mn unpaid tax claim for Indian couple Pankaj & Radhika Oswal are fighting the battle against ANZ for undervaluing shares of their fertiliser company to recoup millions in debts.
06 Jun, 2016, 05.19 PM ISTJP Morgan Chase in talks to invest 1,200 crore in SpiceJet; Marans keen to make full exit A fund managed by JPMorgan Chase is in advanced discussions to team up with Ajay Singh to invest around $200 million (Rs 1,200 crore) in cash-strapped SpiceJet.
25 Dec, 2014, 11.50 AM ISTZTE Corp fears its chances of payback from Loop Mobile are low The fear of outstanding dues worth over $33 million, and the anger that it wasn’t informed by Loop while signing the deal with Airtel drove ZTE to court.
16 May, 2014, 04.21 AM IST