Essel group chief Subhash Chandra joins Yes Bank probe
Chandra had earlier cited his Rajya Sabha commitment for not appearing on Wednesday following which the federal agency issued a fresh summon and asked him to join the investigation on Saturday. According to sources, Chandra reached the agency’s Ballard Pier office at 11am and is expected to be questioned till evening.
Yes Bank: Those summoned by ED seek more time to join probe
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Some leveraged promoters risk losing their companies if rout goes on
Lenders have already asked promoters of several companies to arrange margins.
Zee Group says all loan from Yes Bank fully secured as ED summons Subhash Chandra on March 18
The statement further claimed that "the Zee group has never made any transactions with Rana Kapoor (Yes Bank co-founder and the past MD who is now in ED custody) or his family or for that matter any private entities controlled by them and that "all credit facilities availed were fully secured".
Yes Bank: ED summons top corporate honchos for questioning this week
DHFL CMD Kapil Wadhawan, recently arrested by the ED in another case, has also been called for questioning apart from Reliance Group Chairman Anil Ambani who has been called on March 19 at the Enforcement Directorate office in Mumbai, they said.
ADAG says no exposure to Rana Kapoor, family
ADAG further said its entire exposure to YES Bank is fully secured.
The downslide, the takeover and what's next? What's in store for YES Bank now
YES Bank has been in talks with investors over the past year, but failed to come up with a plan.
Rana Kapoor: A veteran banker who never said no to risky loans
Rising profits boosted the share price with Kapoor’s holding turning him into a billionaire.
US hedge fund wants Zee's Subhash Chandra to exit one of his firms
Moon Capital Management has asked Chandra to offload the majority stake in Zee Learn Ltd.
Adani Transmission, Tata Power in talks with Essel Group to buy its power line
The talks are at an initial stage and a deal depends on various factors including valuations, state of the project and how much haircut lenders are willing to take, two people familiar with Essel Group's plans said.
War with Netflix and Disney looms for India’s top local streamer
Zee5, the top domestic streaming platform, is betting on local content to fend off big-spending rivals.
Companies that pay more will run private trains: Bid document
Railways officials said nearly two dozen private players have shown keen interest in the railways plan to allow private entities to run trains in its bid to offer high quality service. The companies that have shown interest include Tata Realty and Infrastructure, Medha, Bharat Forge, BEML, IRCTC, RK Associates, Gatx, Essel Group and Adani Group.
Indian Railways eyes Rs 50,000 crore revamp of 50 stations
The station redevelopment initiative has excited Indian conglomerates and foreign pension funds alike.
Zee group Co bonds traded at about 25% discount
The deals took place privately because the securities were not listed.
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