Jyotindra Dubey

Mar 13, 2024 | economictimes.indiatimes.com | Jyotindra Dubey

A high-stakes dispute over a slum redevelopment project in the heart of south Mumbai, involving three prominent real-estate developers, a state-owned financial institution, and an asset-reconstruction company (ARC), took a dramatic turn earlier this month after one of the key entities withdrew from the legal battle. In an application filed before the Delhi High Court on March 1, Shapoorji Pallonji group company Chinsha Property gave a clean chit

Feb 28, 2024 | economictimes.indiatimes.com | Jyotindra Dubey

Digital loan sharks with suspected China links, who have been preying on financially strained Indians since the onset of the pandemic, are tightening their grip on the country’s underbanked population through a network of money mules and recovery agents in tier-II cities. These entities offer instant short-term loans, usually for seven days, with minimal documentation to desperate customers through loan apps at exorbitant interest rates. Their

Feb 21, 2024 | economictimes.indiatimes.com | Jyotindra Dubey

On August 25, 2022, Balrampur Chini shares witnessed a peculiar shift in trading volumes. Initially averaging around 35,000 shares, the counter saw a sudden surge in activity with more than 1,44,000 shares changing hands within just 15 minutes. Around a week later, a similar spike was noticed in IndiaMart shares. Initially hovering around 2,400 between 2 pm and 2.15 pm, volumes jumped to over 36,000 shares within the next 15 minutes. While such

Feb 12, 2024 | economictimes.indiatimes.com | Jyotindra Dubey

Defence-focused IT solutions company, Rolta India, managed to dodge insolvency thrice since 2019. However, in January 2023, it finally landed in the bankruptcy court when the Mumbai bench of the NCLT (National Company Law Tribunal) admitted Union Bank of India’s plea against the company for a default of INR1,413 crore. The first attempt to find a buyer for Rolta India failed as lenders only received a single bid last year. In the second attempt,

Dec 17, 2023 | economictimes.indiatimes.com | Priyanka Sahay |Jyotindra Dubey |Prashant Mukherjee |Sandhya Sharma

Udaan’s raise In the news. Udaan raises USD340 million led by M&G Prudential. Inside the news. After enduring a year-long dry spell that compelled B2B e-commerce unicorn Udaan to shutter verticals and cut jobs, the firm has managed to secure a substantial funding of USD340 million. The previous capital infusion occurred in November 2022, comprising a debt of USD40 million in addition to USD120 million a few weeks before.