Rajesh Business & Leisure Hotels owes lenders, led by ICICI Bank, more than ₹621 crore. In March lenders had unanimously voted for the Rare Asset Reconstruction Co and Naman Group consortium to take over the company’s defunct hotel business in Mumbai and had filed a requisite proposal in the NCLT.
US stocks: US market drops as Trump’s rejection of Iran peace plan lifts oil prices
Following President Trump’s dismissal of Iran’s peace proposal, US market indexes experienced a downward trend, spurred by a notable surge in crude prices. This escalation