Anil Ambani faces criminal case in India
- 23-Aug-2025
MUMBAI: India’s federal investigating agency said on Saturday it had opened a criminal case against industrialist Anil Ambani and his company Reliance Communications Ltd (RLCM.NS), opens new tab following a complaint by India’s largest bank about alleged fraud. State Bank of India alleged that Anil Ambani, the younger brother of billionaire Mukesh Ambani, and Reliance […]
Grounded Jet Airways’ shares sink
- 18-Apr-2019
Once India’s largest private airline, Jet halted all flight operations indefinitely on Wednesday evening after lenders led by the State Bank of India declined to extend more funds to keep the carrier going
Jet Airways grounds three-fourths of fleet
- 03-Apr-2019
India’s Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors
State Bank of India posts third straight quarterly loss
- 10-Aug-2018
NEW DELHI/BENGALURU: State Bank of India is confident of returning to profitability from the December quarter onwards as the impact of bad loans eases, its chairman said after the nation’s top lender by assets plunged to its third straight quarter of losses. India’s banks have been plagued by a surge in non-performing loans which hit […]