LENDERS dumped shares of Anil Ambani group companies they held as collateral after their market value plummeted about 126 billion rupees (S$2.4 billion) this month, adding to the litany of woes...

[MUMBAI] Lenders dumped shares of Anil Ambani group companies they held as collateral after their market value plummeted about 126 billion rupees (S$2.4 billion, US$1.8 billion) this month, adding...

COMMENTARY

FOR a capital-starved economy, India shows little urgency to extricate good money stuck in failed businesses. That was going to change after the adoption of a modern bankruptcy regime in May 2016...

BILLIONAIRE Anil Ambani's Reliance Communications Ltd plunged as much as 54 per cent in Mumbai after the company said it will file for insolvency following failed attempts to sell assets and...