Softbank may invest in Jio as Mukesh Ambani deleverages business : Bulletin: Business Today
Business Today

Softbank may invest in Jio as Mukesh Ambani deleverages business

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April 24, 2019

ED suspects Chanda Kochhar got kickbacks for giving loans to Sandesaras' Sterling Biotech, Bhushan Steel

The Enforcement Directorate has reportedly widened the scope of its probe against former ICICI Bank CEO and MD Chanda Kochhar. A report by India Today said that the agency is looking into loans extended by ICICI Bank to Sandesara brothers-led Sterling Biotech and the embattled Bhushan Steels, which was recently acquired by Tata group. The Enforcement Directorate (ED) suspects that the firm of Chanda Kochhar's husband, Deepak Kochhar, was benefited in lieu of granting loan to the tune of hundreds of crores of rupees to Sterling Biotech.

HDFC gets RBI approval for holding up to 9.9% stake in Bandhan Bank

The Reserve Bank of India (RBI) has given its in-principle approval to Housing Development Finance Corporation (HDFC) Ltd for acquiring 9.9 per cent stake in Bandhan Bank following the Gruh Finance deal. Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January.

PM Kisan: Centre pays around Rs 10,500 crore towards first, second tranche

Around 3.10 crore small farmers have so far received the first tranche of Rs 2,000 each under the PM-Kisan scheme and 2.10 crore peasants have got the second instalment as well, costing Rs 10,500 crore to the exchequer, a senior Agriculture Ministry official said on Tuesday.

Islamic State claims responsibility for coordinated bombings in Sri Lanka

Islamic State has claimed responsibility for the deadly terrorist blasts in Sri Lanka, as investigations intensified into Sunday's coordinated attacks that killed 321 people in churches.

Softbank may invest in Jio as Mukesh Ambani deleverages business

Japan's Softbank is reportedly looking to make a USD 2-3 billion investment in India's fastest-growing telecom firm Reliance Jio as billionaire Mukesh Ambani looks to deleverage business by selling stakes.
This comes on the back of reports of Saudi giant Aramco in discussions to buy a 25 per cent stake in Reliance Industries' refining and petrochemical business for USD 10-15 billion

India extends ban on import of Chinese milk products, chocolates

The government Tuesday extended the ban on import of milk and its products, including chocolates, from China till laboratories at ports for testing presence of toxic chemical melamine are upgraded. Food regulator FSSAI had recommended extending the ban until all labs at ports are modernised to test the chemical. The ban was first imposed in September 2008 and extended subsequently from time to time. The latest ban imposed by the government ended Tuesday.
Indian travellers prefer eco-friendly accommodation, says survey

With sustainable stays gaining popularity, 98 per cent of Indian travellers said they intend to stay at least once in an eco-friendly or green accommodation in the coming one year, according to a survey. Moreover, about 90 per cent of respondents said they would be more likely to book an accommodation knowing it was eco-friendly, whether they were looking for a sustainable stay or not, according to '2019 sustainable travel report' by global travel e-commerce company


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