Recently, SBI reported an unexpected dip into the red. It’s a poor start to the tenure of new Chairman Rajnish Kumar, but he has a good idea of where the bank is headed.
The trade-off between lower costs and delivering the targeted wind energy capacity needs urgent attention.
One hopes that Indian diplomats and national-security managers are doing some serious soul-searching about how, why events spun, so swiftly, out of control in Maldives.
Fifty weeks before the next general election for the 17th Lok Sabha and the BJP seems to be ready to don the war paint for 2019 with PM Narendra Modi sounding the bugle.
The RBI kept its key repo rate at 6 pc, and also retained its “neutral” stance, seeking to support economic growth even as inflation has accelerated to a 17-month high.
Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively
To add platform capabilities in the insurance segment which contributes 15% of total business
The Acquisition is expected to close within the next 3 months
Sells Essar Steel loan to Deutsche Bank
Has sold its $385 mn Foreign currency loan extended to Essar Steel
Bank has taken a 38% haircut
Rs 1600 cr is expected earnings to the bank from the deal
Economic Times Reports
To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn
The co is also in discussions to sell its residential and commercial projects in Chennai
To convene shareholder’s meet on 23rd March in regard to the proposed divestment
Gets Order Worth Rs 230 Cr From NTPC
To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators
Will help NTPC commission the 3x 660MW plant started 12years
Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI
The completion period for the project is 30 months