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The National Company Law Tribunal (NCLT) admitted the bankruptcy pleas against Srei Infrastructure Finance (SIFL) and its wholly owned subsidiary Srei Equipment Finance (SEFL) after the central bank referred the two companies to the NCLT’s bench in the eastern metropolis, where Srei is based.

Though Das cautioned that the resurgence of edible oils prices and high global crude oil prices in the recent period, is a cause of concern. "Domestic pump prices remain at very high levels. Rising metals and energy prices, acute shortage of key industrial components and high logistics costs are adding to input cost pressures " Das said.

Reserve Bank of India (RBI) is regularly in touch with financial institutions to gauge any build up in stress whenever it is observed, deputy governor Mahesh Kumar Jain said in a post policy interaction with journalists. Jain was replying to a question on whether the RBI is comfortable with the quality of assets of the financial sector after the moratorium of classification of bad loans due to the Covid 19 pandemic ended last year.

NCLT, which had originally given less than two days to the company to file their reply in the matter, had to settle for two weeks after ZEE approached the National Company Law Appellate Tribunal (NCLAT), challenging the initial order of the tribunal.

The state-owned bank has entered into an agreement with the Bollywood star and his son Abhishek Bachchan to lease 3,150 sq ft in a building close to the family residence, Jalsa, in Juhu.

The Reserve Bank of India on Friday said that it was reviewing its recent scheme on ATM replenishment whereby the regulator put in place mechanisms to penalise lenders. The central bank deputy governor T Rabi Shankar said that they had received inputs from banks and were in the process of reviewing it.

CarDekho is in advanced talks to raise $100-150 million in a funding round led by Hong Kong-based insurance giant AIA Group and South Korea’s Mirae Asset Group at a post-money valuation of $1.2-1.4 billion.

In another transaction, Pinewood Strategy’s India Opportunities Growth Fund bought 410,000 shares of Consolidated Finvest & Holdings at Rs. 171.2 per share through a bulk deal on the NSE.

Getalong Enterprise had come out with an initial public offering of 7.5 lakh equity shares of Rs 10 Each for cash at a price of Rs 69 per equity share, aggregating to Rs 5.18 crore, the release noted.

This week, Nifty50 rose 2 per cent aided by buying from domestic institutional and retail investors even as flows from foreign investors remained patchy.