Wednesday, 18 May, 2022
TopicSBI

Topic: SBI

Vijay Mallya willing to tighten his belt, curb his $24,000/week London life

SBI lawyers say Mallya is living a ‘lavish lifestyle’ in London, supported by Kingfisher Beer Europe Ltd and family wealth in trusts.

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.

Hedge fund operator plans $1 billion India-focused ESG fund

Avendus expects to raise $1 billion over two years with its ESG fund and sees around 70 percent of that money coming from overseas investors.

Ailing Jet Airways gets lifeline in debt swap deal with lenders

Jet Airways, which needs Rs 85 billion to help it get back on its feet, will be revamped, with banks becoming the biggest shareholders of the company. 

What India’s top three mutual funds bought and sold in January

Stock funds took in a net Rs 61.6 billion, the least since January 2017, and a 7% decline over the previous month

Madam, don’t send us to court, firms keen to avoid bankruptcy law tell SBI

Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for the country's business community.

SBI could take 15% equity stake in Jet Airways

Burdened by debt, Jet Airways is looking to convert part of its loans to equity as it struggles to stay afloat in a highly competitive market

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.

Customers suffer as banks miss deadline to switch to safer chip-based debit & credit cards

The RBI had set 31 December 2018, as the deadline for all banks to replace magnetic strip debit & credit cards with chip-based ones.

Electoral bonds worth more than Rs 1,000 crore issued in 2017-18, says RTI reply

Modi government's scheme had drawn flak from opposition, which had raised concerns that it would lead to an opaque poll funding process. 

On Camera

YourTurn

Chinese President Xi Jinping | Representational image| kremlin.ru

Chinese economy is feeling the heat. Blame Xi’s political Lysenkoism, vaccination policy

Smarting from the failures of his Great Leap Forward campaign, which hit the economy hard, Mao launched the 1962 war with India to rally the nation behind him.
File image of Tata Group's headquarters in Mumbai | Photo: Dhiraj Singh | Bloomberg

Tata in acquisition talks with as many as 5 brands, to bolster position in consumer goods sector

The conglomerate will likely face stiff competition in the sector from existing global giants such as Unilever, as well as Indian tycoon Mukesh Ambani’s Reliance Industries.

Defence

Satellite image of the development on the site | Twitter | @detresfa_

China building ‘bigger, broader’ 2nd bridge at Pangong Tso that can carry armoured columns

China's People's Liberation Army aims for multiple routes to counter any possible operations by the Indian forces on the southern banks of the Pangong Tso in the future.

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.
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