BUSINESS
Yes Bank to sell 32,344 crore NPA portfolio
Sources informed that Yes Bank's offer to ARCs will be to recover at least 15 per cent amount i.e. Rs 5,000 crore upfront. The balance 10 per cent amount i.e. Rs 3,000 crore may be potential recovery by way of deferred payments.
Privatisation-bound BPCL postpones key expansion projects
Privatisation-bound PSU refiner, Bharat Petroleum Corporation Ltd. (BPCL) has delayed expansion plans for its refinery projects, pending its share sell-off programme that will see government completely exiting from the company and handing over its management to a strategic investor.
Global smartphone market recovers in Q3
The recovery in Q3, compared to Q2, was driven by all key markets, like the US, India and Latin America, returning slowly to normal due to eased lockdown conditions.
State Bank of India offers concessions on home loans
The SBI has offered a credit score based concessions of up to 20bps from 10 bps earlier, for a home loan of above Rs 30 lakh to Rs 2 crore across India, in an extension of its festive offers announced recently.
Khadi Village Industries Corporation launches khadi footwear
Speaking at the launch, MSME Minister Nitin Gadkari said, "Global footwear industry is valued at Rs 1.45 lakh crore. KVIC will generate immense demand for khadi footwear with its range of products."
Sensex above 40,900, stocks of banking, finance rise
Sensex was trading at 40,909.76, higher by 365.39 points or 0.90 per cent from the previous close of 40,544.37 at 10.42 a.m.
SEBI orders Prabhat Dairy to deposit Rs 1,292 crore in escrow account
A SEBI order on Tuesday found, "It is necessary to adopt some urgent measures to safeguard the interests of minority investors/shareholders of PDL and protect the integrity of the securities market by ensuring that the proceeds of the Transaction are secured for the benefit of its investors."
Jindal launches new courses in Finance & Entrepreneurship
The programme aims to train a new generation of Indian entrepreneurs who have been identified as ‘Growth Ambassadors' by Prime Minister Narendra Modi.
Facing revenue constraints, Centre looks at PSUs for higher dividends
Government looks towards public sector undertaking (PSUs) as COVID drenches out the economy
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