In a landmark ruling, the Supreme Court upheld the constitutional validity of the personal guarantor provisions found in the Insolvency and Bankruptcy Code (IBC). This opens the door for lenders to pursue recovery against individuals such as Kishore Biyani of Future Retail, Venugopal Dhoot of Videocon Industries, and Anil Ambani of ADA Group. ET explains how the sequence has implications
S&P 500’s 2024 rally shocked forecasters expecting it to fizzle
Wall Street strategists were surprised by the S&P 500’s continued rally, soaring to a 23% gain in 2024, contrary to modest expectations. Forecasters revised their
December 30, 2024