You are here: Home » Current Affairs » News » National
Business Standard

News digest: Bank recap bonds, sale of stressed assets, and more

Govt may issue the first tranche of Rs 1.35 lakh crore worth of bank recapitalisation bonds in the first week of Dec

BS Web Team 

ATC to buy Voda, towers for Rs 7,850 cr: What this means for industry

A subsidiary of American Tower Corporation (ATC) on Monday signed an agreement to buy 20,000 mobile towers owned by India and Cellular for $1.2 billion (Rs 7,850 crore at the current exchange rate), kicking off a phase of consolidation. Read More...

rules out single rate

Finance Minister on Monday ruled out a single rate for the goods and services tax (GST), adding any further rationalisation of tariffs would be contingent on revenues. Read More...

First tranche of likely in December

The government may issue the first tranche of Rs 1.35 lakh crore worth of bank recapitalisation bonds in the first week of December.  Read More...

Bidders for stressed assets face income tax hurdle

The sale of stressed assets by lenders could face a serious problem if the income tax (I-T) department demands a levy on the haircut and interest foregone by them on these assets once a new owner takes over. Read More... 

First Published: Tue, November 14 2017. 02:32 IST
RECOMMENDED FOR YOU