The agency is expected to record the statement of the 60-year-old Ambani under the Prevention of Money Laundering Act (PMLA).The big news stories of the day brought to you by Rajdeep Sardesai.Stay on track with Rahul Kanwal in Newstrack where innovation meets the sharpest reporting. It took six months or so to get to 10 …
On June 23, Anil Ambani had claimed that R-Infra, which has loans outstanding of Rs 6,000 crore, will be completely debt-free this fiscal year. A passion-driven on-camera dive into India's military might, Battle Cry is fronted by three of India's finest & award winning defence reporters -- Shiv Aroor, Gaurav C Sawant and Sandeep UnnithanThe most in-depth & definitive show on global affairs.Jab We Met is India's first truly immersive interview show which takes you to the heart of the matter and gives an insight into the life of some of India's most fascinating thought leaders.Reaching out to the future opinion makers of India, tapping into the thought waves of an intelligentsia in the making... India Today TV's new weekend show.Copyright © 2020 Living Media India Limited. Reliance Group Chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai.He was summoned in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. Your one-stop news destination.One story, dissected and explored from all angles to give you a full 360-degree picture. By FPJ Web Desk. MITO: The number of confirmed coronavirus cases worldwide topped 20 million on Tuesday, more than half of them from the U.S., India and Brazil. ED questions Anil Ambani, India battles coronavirus as cases rise, more. Health officials believe the actual number is much higher than that tally kept by Johns Hopkins University, given testing limitations and the fact that as many as 40% of those who are infected have no symptoms. Yes Bank takes over Anil Ambani's group HQ in Mumbai for failure to repay Rs 2,892 crore Yes Bank takes over Anil Ambani’s group HQ in Mumbai for failure to repay Rs 2,892 crore The private sector lender has also taken possession of two flats in South Mumbai for the non-payment of dues by Reliance Infrastructure, according to a notice published by Yes Bank in a newspaper on Wednesday. Comment; Reliance Group Chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai. For reprint rights: ED questions Anil Ambani, India battles coronavirus as cases rise, moreMadhya Pradesh govt on the edge; More positive coronavirus cases in Noida; moreBreather for Kamal Nath govt, no floor test for nowMP crisis ground report: BJP MLAs shifted to Gurugram, rebel Congress MLAs camp in Bengaluru14 Italians with Covid-19 shifted to Medanta Hospital in Gurugram; Delhi violence aftermath; more He was summoned in connection with a money-laundering probe against Yes … Drama Alert. https://www.hindustantimes.com/business-news/yes-bank-takes-possession-of-anil-ambani-s-group-headquarter-in-mumbai-for-failure-to-repay-dues/story-ojJzt7peJQtIz49HX9zL9H.htmlYes Bank takes possession of Anil Ambani’s group headquarter in Mumbai for failure to repay dueshttps://www.hindustantimes.com/business-news/india-s-sensex-advances-as-fund-inflows-to-stocks-continue/story-0Dlai9cLxu2htTlw5NsYMP.htmlIndia’s Sensex advances as fund inflows to stocks continuehttps://www.hindustantimes.com/business-news/floods-coronavirus-dents-india-s-tea-output-in-first-half-of-2020/story-cr0cneFj6qpXLIU6k2B81O.htmlFloods, coronavirus dents India’s tea output in first half of 2020https://www.hindustantimes.com/business-news/german-investor-sentiment-picks-up-in-august/story-UT2yfKx4uMUI6O3BYnpqJL.htmlhttps://www.hindustantimes.com/business-news/rupee-settles-12-paise-higher-at-74-78-against-us-dollar/story-2QObFd9JJIsL8NFiQIqVrK.htmlRupee settles 12 paise higher at 74.78 against US dollarYes Bank takes possession of Anil Ambani’s group headquarter in Mumbai for failure to repay dues Yes Bank, which faced a crisis in March this year on account of bad debts, has substantial loans due from the Anil Ambani group, to which it had an exposure of close to Rs 12,000 crore. Photo via Twitter . Due to the high amount of non-performing assets, the lender had to be bailed out by a SBI-led consortium of lenders for Rs 10,000 crore.Before the bail-out, the government and the RBI superseded the Yes Bank board in March and installed a new chief executive and board.On June 23, Anil Ambani had claimed that R-Infra, which has loans outstanding of Rs 6,000 crore, will be completely debt-free this fiscal year.In 2018, the company sold its Mumbai energy business to Adani Transmission for nearly Rs 18,800 crore, which helped reduce the debt to nearly Rs 7,500 crore. For reprint rights: Syndications TodayCopyright © 2020 Living Media India Limited. 2 ; Watch Later; Share; Twitter; Whatsapp ; Email; Embed. This show goes beyond the headlines with Rajdeep Sardesai.Preeti Choudhry brings you the top stories with facts that have been ignored.Country above all. As the number of cases rise, the country is soon … However, in the last few years, the fortunes of the group have gone south with the companies meeting various fates, including bankruptcies and stake sales.Yes Bank said it had sought to recover dues of Rs 2,892.44 crore from Reliance Infrastructure on May 6 and took possession of the three properties on July 22 after a failure to repay even after 60 days of the notice.It cautioned the general public not to deal with the properties, adding that any dealing with the properties will be subject to a charge of Yes Bank for an amount of Rs 2,892 crore.Last year, the group was looking to lease out the same headquarters -- which admeasures 21,432 square metres as per the Yes Bank notice -- in an attempt to raise resources to pay off debts.The other two properties are spread over two different floors in South Mumbai’s Nagin Mahal, admeasuring 1,717 sq ft and 4,936 sq ft.It can be noted that exposure to ADAG firms is blamed as among the key reasons for the high amount of bad debt piled up by Yes Bank.
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