New digest: Govt to issue recap bonds, Air India stake sale, and more

From Ruias taking tie-up route for Essar Steel bid to domestic brokerages cashing in on D-street party, BS brings you up to speed with latest news

Recapitalisation plan: Weak banks may not get growth capital

Weaker banks are likely to be capitalised only to cover their provisioning requirements, while stronger banks would be provided capital for growth as well, sources in the finance ministry have said. Also, the Rs 1.35-lakh-crore worth of bank recapitalisation bonds — of the Rs 2.11-lakh-crore recap scheme offered by the government on Tuesday — would be issued by the government, senior officials confirmed. Read more

Air India stake sale: 14 firms in race to assist govt

As many as 14 companies have expressed an interest to collaborate