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The Supreme Court directed the Delhi High Court to decide on Ambani’s challenge to provisions of India’s insolvency law.
For 12 Indian states, the loss in state GDP in the current fiscal is mainly due to the rural areas, says the research report by State Bank of India.
Report correlates high Covid fatality rate in Tamil Nadu, Punjab, J&K, Maharashtra & West Bengal to their high elderly population. But experts refute this assertion.
Senior-most managing director Dinesh Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on 7 October.
The advisers will help evaluate the capital structure of India’s biggest insurer as well as aid the company in reworking its financial statement ahead of its initial share sale.
If NCLT admits Anil Ambani into the bankruptcy process, a list of all claims against him will be compiled and a repayment plan will be worked out, according to rules.
SBI research report says number of rural districts with less than 10 cases has fallen to 14 in Aug, from 55 in June. Full-year contraction forecast in double digits.
Baba Ramdev’s Patanjali & Wipro are among 91 maiden bond sellers this year compared to only 61 making their bond-market debut in the same period 2019.
Eight of the wealthiest states and UTs, including Delhi and Maharashtra, will post double-digit contractions in income this fiscal year through March 2021.
Sreenivasulu Setty is one of three MDs at SBI and one of his tasks is to head recovery of the bank’s nearly $20 billion bad-loan pile.