RBI Reveals Top List of 30 Major Wilful Defaulters; which owes to banks over ₹50,000 Crore

RBI, Reserve Bak of India, Wilful Defaulter, List of Wilful Defaulters, Mehul Choksi, Nirav Modi, Vijay Mallya, Indian Banking, Indian Banking system

The RBI has revealed a list of 30 major willful defaulters that together owe banks over ₹50,000 crore. Fugitive diamantaire Mehul Choksi’s three firms, including Gitanjali Gems (₹5,000 crore), figure in the list, besides Vijay Mallya’s Kingfisher Airlines (₹2,500 crore). Other names include Ruchi Soya, Rotomac Global and ABG Shipyard, all of which have been […]

India’s Urban Transport Projects to get Big Cheque worth $2.5 billion from the Asian Infrastructure Investment Bank

Infrastructure Projects, Hyderabad Metro Rail, Transport Infrastructure, Bullet Train, Delhi Metro, electric Vehicles, Rapid Transit, Speed Rail, Sustainable Urban System, Mumbai Metro Project, Infrastructure in India, Roads Projects in India, Highway Projects in India

India’s urban transport projects may soon get $2.5 billion from the Asian Infrastructure Investment Bank. A company executive told Economic Times that AIIB was in talks to pump $400 million each into the Chennai and Mumbai Metro rail networks. Other potential investments include $500 million in the Mumbai Urban Transport Project and $400 million in […]

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