Cutting cost further? RBS shuts some Asia units, sacks 70
RBS has halved the size of its investment bank as part of a major retreat since its 2008 taxpayer bailout, and has been forced by the British government and lower profitability across the industry to...
View ArticleChina’s worrying external debt at 27-yr high of $695 bn
The jump in foreign debt shows that China, which lends more than it borrows, is borrowing more from overseas to hedge against the devaluation of its foreign exchange reserves. The post China’s worrying...
View ArticleIs RBI the one-eyed hawk in a world of blind bankers?
If the world could avoid recession by printing money it should have done so long ago. Maybe more of the same remedies that don't work isn't the answer The post Is RBI the one-eyed hawk in a world of...
View ArticleBank of China, Honda, Amazon, Google make it to list of least transparent...
The Berlin-based anti-corruption watchdog named Bank of China, Honda Motor, Bank of Communications, Agricultural Bank of China and Russia's Sberbank as the five least transparent companies. The post...
View ArticleSahara’s Subrata Roy an acquirer of assets, not seller, says Mirach’s Saransh
The Mirach Capital Group chief did not agree that his firm had to do anything with the deal not working out smoothly. The post Sahara’s Subrata Roy an acquirer of assets, not seller, says Mirach’s...
View ArticleSahara files lawsuit against Mirach for forgery, says new deal soon
Sahara and Mirach were asked to finalise their deal by 20 February to help arrange funds for securing release of Roy and his two colleagues, who have been lodged in Tihar Jail for almost a year now....
View ArticleSahara’s Grosvenor House put on sale by Bank of China; may fetch Rs 5,000 cr
In fresh troubles for crisis-hit Sahara, its over Rs 5,000-crore worth Grosvenor House hotel has been put on sale by the lender Bank of China after a default, which the group attributed to certain...
View ArticleSahara says submissions to SC can’t be subject of media trial
In a statement, Sahara said "submissions made before the court for adjudication in a sub-judice matter cannot be subjected to public debates and speculative media trials, as the same can attract...
View ArticleSubrata Roy has no funds to bail himself out but Sahara is bidding for...
However, it is unlikely that the group will get enough funds to buy the iconic hotel back The post Subrata Roy has no funds to bail himself out but Sahara is bidding for Grosvenor again appeared first...
View ArticleUS court issues show-cause notice to Sahara in $350-mn lawsuit
In fresh troubles for Sahara, a US court has issued show-cause notice to the group in connection with a $350 million lawsuit seeking attachment of its two prized hotel assets here -- Plaza and Dream...
View Article
