New Delhi: The Indian economy faced a sluggish start to FY25, with Q2 GDP growth falling below expectations due to monsoon disruptions, subdued government spending, weaker urban demand and a slowdown in lending, SBI CAPS said in a report on Monday. “The Q2 GDP slowdown stems from four key factors: monsoon disruptions hitting industry, subdued government spending stalling capex, weakening …
The Supreme Court has accepted the funding arrangements proposed by SBI Capital with regard to 6 unfinished Amrapali projects. The Supreme Court has clarified that the funding of these projects, which cover a total of 6973 units, will be provided according to the "Collection Milestones" model, as per the suggestion made by SBI CAP's counsel, senior advocate Harish Salve. Mr. …
Unfortunately for Jet Airways employees, there is nothing to leverage with the grounded airline’s net worth in the negative. A group of Jet Airways employees, who had earlier offered to take over the distressed airline, met SBI Caps officials on Thursday to discuss the proposal. SBI Caps told the Jet Airways employees that their proposal would be considered only after …
New Delhi: Lenders to the cash-strapped Jet Airways are committed to reviving the air carrier but nothing has been finalised yet, Punjab National Bank Managing Director Sunil Mehta said on Tuesday. On Monday, SBI said the bid process for the orderly sale of equity in Jet Airways is currently being run by SBI Caps and is being vetted by the …
The debt resolution process of Jet Airways suffered a setback on Wednesday with many prospective investors staying away from submitting expression of interest before the deadline. Accordingly, to allow better participation in the process, the domestic lenders have agreed for extension timeline for submission of EoIs,” SBI Caps said in a statement. This has been changed to “restructuring of the …
Twenty-six years after the stockbroker Harshad Mehta-led securities scam shook the nation, the Bombay high court on Thursday acquitted seven officers of the State Bank of India and State Bank of India Capital Markets Limited and three others of duping SBI Caps to the tune of ₹105 crore. Twenty six years after stockbroker Harshad Mehta-led securities scam shook the nation, …
![SC Accepts SBI CAP Funding for 6 Amrapali Projects [Read Order]](https://www.livelaw.in/h-upload/2019/07/23/362459-sc-and-amrapali.jpg)
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