ED had earlier transferred Mallya-owned UBL shares worth about Rs 6,624 crore to the SBI-led consortium on directions of a special PMLA court that is hearing his case in Mumbai.
47 of 48 analysts recommend buy and 1 has a hold rating — a ratio of 98% that’s the highest since June 2004. SBI posted a record profit in the latest quarter that beat estimates.
SBI needs to finance coal projects to meet Modi's push to electrify more homes, yet it wants to back renewable projects to appease investors restricting support to firms involved in coal.
The total number of daily cases being reported across India is nearly 300 per cent higher as compared to last year, meaning they will exert pressure on rural health infrastructure.
SBI drafted in-principle agreement with Adani in 2014 for $1bn facility & brought in several banks for funding as part of consortium. The plan has had several iterations since then.
Justice Prateek Jalan passed the order on a plea by erstwhile directors of the 3 companies challenging a 2016 circular of RBI regarding declaration of accounts as fraud by banks.
BlackRock & Norway’s Storebrand have raised concerns about SBI's proposed Rs 5,000 cr-loan to Adani Enterprises for its Carmichael coal mine in Australia.
SBI, which posted a better than expected profit, estimates a further Rs 200 billion of loans to sour in the next 6 months as Covid continues to impact borrowers.
The dynamics between Europe and Russia have gone so south that mending fences looks like an uphill task—even as the US swings between sanctions and olive branches.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
The ARFC is meant to be a dedicated force for conventional missile & rocket systems, & will include cruise missiles, rockets, ballistic missiles & Pakistan’s planned hypersonic missiles.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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