Anil Ambani has been chased by three Chinese banks to whom, according a UK court, he owed over $716 million (Rs 5,276 crore), plus significant legal costs including interest of Rs 7.04 crore. After his cross-examination by the commercial court on 29 June, his total repayment amount increased to $717.6 million. After Ambani’s recent cross-examination, ...

The World Bank has agreed to pump in another $1billion into India’s efforts to give the economy a fresh growth impetus after the lockdown period has been decided to be extended by the Centre. Last month, the World Bank had already given India a loan of $1 billion to support the health sector. India seems ...