HDFC Bank is considering an appeal against an NCLT order approving Subhash Chandra’s repayment plan, under which creditors will receive only Rs 6.5 crore against admitted claims exceeding Rs 22,000 crore. HDFC Bank’s Rs 680-crore claim has 3.2% admitted
An Indian national and director of seven Singapore companies has been declared bankrupt after 407 workers lodged claims for unpaid wages. The companies provide air-conditioning, plumbing and building services, while authorities have been investigating the wage-related complaints
San Francisco: Indian-origin Nishad Singh, is being scrutinized for financial practices that caused the collapse of FTX, one of the world’s largest cryptocurrency exchanges. He lived with the FTX founder along with 9 others. Singh was in the inner circle of FTX’s 30-year-old founder, Sam Bankman-Fried. “Gary Wang (Chief Technology Officer), Nishad and Sam control the […]
Colombo: Sri Lanka’s economy is in dire straits with its usable foreign reserves down to less than $50 million, the country’s finance minister said Wednesday. Ali Sabry was speaking to Parliament after returning to Sri Lanka from talks with the International Monetary Fund. He said any IMF rescue program, including a rapid financing instrument needed […]
NDA came to power with the promise of developing the nation on all fronts, but contrary to the promise the government is privatising all key public sector entities, CPI leader Puvvada Nageswar Rao alleged
"COVID-19 pandemic has impacted everyone directly or indirectly around the world. Most of the Indian-American small business owners are struggling to pay basic expenses due to little or no income."
