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Anil Ambani (File photo) | Photographer: Kuni Takahashi | Bloomberg

SC refuses to resume SBI’s personal insolvency case against Anil Ambani

The Supreme Court directed the Delhi High Court to decide on Ambani’s challenge to provisions of India’s insolvency law.
tractor

SBI report says rural economy is losing steam, flags rising unemployment and fall in wages

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.
A health worker collects sample of a person for Covid-19 test via Rapid Antigen Testing, at Manipuri Basti in Guwahati | PTI

High Covid fatality in states linked to elderly population, peak a month away — SBI report

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.

Banks Board Bureau recommends managing director Dinesh Khara as next SBI chairman

Senior-most managing director Dinesh Khara will replace SBI Chairman Rajnish Kumar, whose three-year term comes to an end on 7 October.

India plans to hire Deloitte, SBI Caps to help LIC prepare for IPO

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.
Anil Ambani | Qilai Shen/Bloomberg

Anil Ambani in trouble as NCLT agrees to hear SBI plea to start personal bankruptcy process

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.
Representational image for migrant workers | Photo: Suraj Singh Bisht | ThePrint

Rural districts new hotspots, account for over 50% new Covid cases in July, Aug — SBI report

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.
File image of Baba Ramdev

India’s bond market is so hot even Baba Ramdev is selling debt

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.
Locals buy vegetables and essential goods at a market after the announcement of lockdown in wake of coronavirus pandemic, at Worli in Mumbai. | PTI

India’s richest states will have biggest income losses, SBI says

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, debt collector boy from Andhra chasing $20 billion bad loans at SBI

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.

On Camera

A participant at the 'Love World Peace Parade' in Berlin on 21 September

Why we’ll need masks even with a coronavirus vaccine

One study has shown that if everyone wears masks that are only 75% effective, the number of people infected by each coronavirus carrier will shrink fourfold.
Mukesh Ambani | Pankaj Nangia/Bloomberg

Investors continue to flock Mukesh Ambani, now KKR to invest $754 million in Reliance Retail

US private equity group KKR will hold a 1.28% stake in Mukesh Ambani’s Reliance Retail, valuing India’s biggest retailer at Rs 4.2 lakh crore or $57 billion.

Defence

Indian pilots climb out of a Rafale fighter jet that was operationally inducted into the IAF on 10 September 2020 | Photo: Praveen Jain | ThePrint

CAG report flags vendors’ ‘dilly-dallying’ on offsets deals, cites Rafale as example

The CAG made the observations in its latest report, which was tabled in Parliament Wednesday.
Illustration: Soham Sen | ThePrint

Suspect all, fix all? Is that the motto of our new ‘National Suspicion State’?

It’s not just Modi government or BJP, but even state governments, judiciary are getting caught in a ‘we suspect all’ mindset. Is India becoming a National Suspicion State?