MUMBAI: HSBC Holdings Plc has nearly doubled the size of a loan arrangement to part of Indian billionaire Mukesh Ambani’s business empire, bolstering its bet on Asia’s richest person.The London-based bank originally provided a £60 million ($73 million) loan facility to a subsidiary of Reliance Industries Ltd shortly after it acquired the Stoke Park estate in southeast England for £57 million in 2021, according to UK registry filings. It has since extended the arrangement three times, with the latest disclosed increase in December taking it to £115 million,...
MUMBAI: HSBC Holdings Plc has nearly doubled the size of a loan arrangement to part of Indian billionaire Mukesh Ambani’s business empire, bolstering...
Asian shares traded cautiously on Friday despite crude oil prices dipped following a recent rally. Profit-taking and the anticipation of supply increases from...
Rating: Unrated | TP: NAAGM HighlightsStrong focus on TCAS and TMS; high-growth electronics segment.The company continues to have a debt-equity ratio of <0.1x.Only...
Investors in Asia are contending with the anticipation of increased interest rates and rising oil prices, spurred by crude oil’s recent one-year high....
NEW DELHI: Reliance Industries Ltd has sought the shareholders' nod for the appointment of Mukesh Ambani's three children to the company's board.According to...