December 14, 2024 02:48 (IST)
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Reliance consortium bids for bankrupt Indian fabric provider to Zara, Armani

Reliance consortium bids for bankrupt Indian fabric provider to Zara, Armani

Dec 13, 2021, at 11:20 pm

Mumbai/IBNS: Reliance Industries Ltd (RIL) in partnership with Asset Care & Reconstruction Enterprise Ltd (ACRE) has submitted expressions of interest (EoI) for the bankrupt textile company Sintex Industries Ltd, as it looks to diversify into fashion.

PNB reports Rs 1,200 crore 'borrowing fraud' by Ahmedabad-based company

PNB reports Rs 1,200 crore 'borrowing fraud' by Ahmedabad-based company

Oct 01, 2020, at 07:51 am

Mumbai/IBNS: Public sector lender Punjab National Bank has reported a fraud of Rs 1,203 crore by Ahmedabad-based Sintex Industries Pvt Ltd, which had run into trouble last year, said media reports.