March 22, 2026

undervaluation

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SC flags undervaluation, sham auctions under IBC, seeks probe | India News

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NEW DELHI: Supreme Court on Wednesday flagged the substantial haircuts taken by creditors in proceedings under Insolvency and Bankruptcy Code (IBC) after being told how the bankrupt Reliance Communications of Anil Ambani group was bought at a throwaway price by Mukesh Ambani’s Reliance Jio.Solicitor general Tushar Mehta said, “Apropos the SC’s concern, govt of India…

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Valuation gap: ONGC trails Zomato in market cap despite holding assets worth 1/3rd of its valuation; analysts flag undervaluation

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State-run Oil and Natural Gas Corporation (ONGC), valued at around Rs 3.10 lakh crore, now lags behind food delivery platform Zomato in market capitalisation despite owning stakes and assets worth more than a third of its own valuation — a gap analysts say reflects deep undervaluation of India’s largest oil and gas producer.As of Friday’s…

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