According to the plan, in strategic sectors, there will be a maximum of four public sector units and a minimum of one unit operating. The govt plans to exit the rest.
The merger is crucial for shadow lender Indiabulls, which is seeking to diversify its asset base, while Lakshmi Vilas bank needs to raise capital to meet regulatory norms.
Congress ‘worthies’ who earned the dubious distinction of coining ‘Hindu/Saffron Terror’ have egg on their faces now after the Malegaon case judgement by Bombay HC.
The rupee’s fall to record lows amid rising energy-import costs and capital outflows is raising expectations that RBI Governor Sanjay Malhotra may be forced to abandon his pause and hike rates.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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