Mumbai: Union Bank of India has decided to sell Visa Steel‘s debt worth ₹410 crore at a reduced price after failing to attract any bids in the previous quarter. The bank has set the reserve price at ₹143 crore, which is lower than the previous quarter’s price of ₹160 crore. Additionally, debts of six other … Read more
The government on Tuesday extended the deadline till August 17 for merchant bankers and legal advisors to bid for managing strategic sale of RINL. The earlier deadline for submitting bids was July 28. The Department of Investment and Public Asset Management (DIPAM) had on July 7 floated the Request for Proposal (RFP) for appointing transaction … Read more
Hyderabad: India now has forex reserves of over USD 590 billion, the highest ever, up by USD 119 billion over the previous year, while the external debt is USD 554 billion, making the country a “net creditor“, Minister of State for Finance Anurag Singh Thakur said here on Saturday. Speaking to media persons he said … Read more