Behind Adani Deals, an 'Elusive' Elder Brother
Sibling of Indian conglomerate’s founder played key role in activities questioned by U.S. short seller; company says brother had no managerial role
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Sibling of Indian conglomerate’s founder played key role in activities questioned by U.S. short seller; company says brother had no managerial role
Standard Chartered Bank (SCB or Stanchart) had lent huge sums to Essar, mostly as unsecured loans. When the liquation of Essar’s assets began, Stanchart did everything in its power to get clubbed along with secured creditors, thus laying claim on secured assets where were to go to Indian banks.
Indian economy -- Out damned spot!
Yes, in some ways the government has succeeded. Digital payments have soared, at least in terms of the number of transactions. But values appear to have stagnated.
The hope is that the crowds will begin to applaud the government’s achievements. And the cheerleaders would, expectedly, hope to get their due rewards.