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Money will be disbursed only after the Centre is assured that funds secured under the Special Assistance to States for Capital Investment will have its branding, says an official.
The payment was made due to a clerical error. Meanwhile, cosmetics giant Revlon Inc. is embroiled in a legal dispute with some of its lenders over the company’s debt-restructuring tactics.
The benchmark 10-year sovereign bond yield dropped about 50 bps in July. Each basis point fall in the yield adds Rs 350 crore to banks’ treasury gains.
This is the game every nation is now learning to play. Some are finding new allies or seeing value among nations where they’d seen marginal interest. The starkest example is India & Europe.
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