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The Centre is set to alter the insolvency code to shield new owners of #bankrupt companies from criminal liabilities pertaining to the time when the entities were controlled by the outgoing promoters, three people familiar with the matter told ET.
The three remaining private players-#Airtel, VIL and #Jio with 280 million, 311 million and 355 million customers have been baiting each other’ customers with rock bottom tariffs and finally raised them after three years.
Markets regulator Sebi on Friday directed three public sector financial institutions — LIC, SBI and Bank of Baroda — to dilute their stakes to below 10% in UTI Asset Management Co by December next year
Lenders to #JaypeeInfratech will have to take a haircut of over Rs 3,700 crore while 20,000 home-buyers will not get paid any penalty for delay in construction of their homes in the takeover proposals brought by #SurakshaRealty and #NBCC