November 23, 2024 02:02 (IST)
Reliance consortium bids for bankrupt Indian fabric provider to Zara, Armani
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
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.
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