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Customers talk on mobile phones outside a Vodafone India Ltd. store | ThePrint,in

Vodafone Idea picks banks to sell its fibre assets and boost finances

A deal, if successful, would help Vodafone Idea add to the funds it’s been raising to pare debt and fend off rivals Airtel and Jio.
HDFC Bank's MD Aditya Puri

HDFC picks Bank of America, Morgan Stanley to manage IPO of its non-bank finance unit

HDFC plans to sell the shares in HDB Financial Services Ltd. and raise about Rs 100 billion, generating funds that will help it expand lending amid a crunch faced by shadow banks.
Bank of America

Bank of America buys its biggest distressed asset in India 

The decision to purchase soured loans of Jayaswal Neco Industries Ltd, that makes cast iron pipes, adds to a growing trend of foreign investors exploring the India's massive pile of bad debt.
State Bank of India building in Mumbai | Bloomberg

India’s SBI is said to select banks for $1.4 billion share sale

SBI’s sale will help bolster its capital buffers as it attempts to grow loans at a faster pace.

On Camera

Representational image | Pixabay

Scuba divers are turning plastic waste in the oceans into Covid face masks

Diving organisation PADI has teamed up with a watersports clothing company to recycle bottles recovered from the ocean to make a range of face coverings.

Refining industry enters ‘age of consolidation’ with ‘catastrophic’ margins

A refinery thrives on the price difference between crude oil and fuels like gasoline, earning a profit that’s known in the industry as a cracking margin.

Defence

File image of Indian soldiers in Ladakh | By special arrangement

No de-escalation in Ladakh yet, but some forward movement could be expected this week

India and China have agreed on an initial de-escalation plan and a 72-hour observation window to make sure steps agreed upon have been taken on the ground.
Illustration by Soham Sen | ThePrint

It’s time for China, Pakistan, even India to rethink the fantasy Modi called expansionism

India, China and Pakistan all want territory from another. But it’s a pursuit doomed to fail as they can’t get it without annihilating the other.