Amazon Reliance Case: Latest News, Photos, Videos on Amazon Reliance Case ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
By Upmanyu Trivedi and Rahul Satija
A bad bank in India that’s expected to launch this month may help reduce one of the world’s worst bad-loan piles but market participants say it’s a long path ahead.
The new institution, which is set to start operations by the end of June, is likely to handle stressed debt worth 2 trillion rupees ($27 billion) over time, according to a BloombergQuint report. That would be about a quarter of the nation’s non-performing debt load. By housing bad loans of many lenders under one roof, the entity should help speed up decision-making and improve bargaining power when resolving these assets.
Canada s housing market is running hotter than just about anywhere else in the world. Ari Altstedter, Bloomberg | Tuesday December 8, 2020 The world’s biggest tech companies are clamouring for a larger piece of India’s booming Internet space, but that increasingly seems to mean going through the country’s richest man, Mukesh Ambani. Ambani’s Reliance Industries Ltd. is said to be offering to sell a stake of about $20 billion in its retail business to Amazon.com, Bloomberg News.
India News | Ari Altstedter, Bloomberg | Monday August 31, 2020 India is fast becoming the world s new virus epicenter, setting a record for the biggest single-day rise in cases as experts predict that it ll soon pass Brazil and ultimately the U.S. as the worst outbreak globally.
Apr 22, 2021, 6:14 AM – Updated on Apr 22, 2021, 8:48 AM
Word Count: 687
The South Asian nation, which has the second-largest outbreak globally, reported 314,835 new infections, pushing the total to almost 16 million cases. The U.S., the worst-hit country, saw a peak of 314,312 cases on Dec. 21 and has only reported more than 300,000 infections on two days since the onset of the pandemic. Cases in America are now on a downward trend helped in part by aggressive vaccinations.
The deteriorating situation in India shows how the pandemic crisis has shifted firmly to the developing world, where variants are threatening containment measures and there are a lack of vaccines after supplies were taken up by richer nations.
Two of India’s richest men have landed in an unlikely controversy over farming laws, becoming targets of protesters who allege the tycoons have benefited from their close links to Prime Minister Narendra Modi. For weeks, tens of thousands of farmers have camped outside the nation’s capital, demanding the withdrawal of recently passed legislation they say, without evidence, was designed to allow billionaires such as Mukesh Ambani and Gautam Adani to enter farming. The tycoons say they have no such interest. More than 1,500 phone towers of Ambani’s wireless carrier were vandalised last month and some farmers called for a boycott of their businesses.