News Digest: Deal between Ambanis, LS passes triple talaq Bill, and more

From Insolvency Bill easing rules for SME promoters to Lok Sabha passing triple talaq Bill, BS Brings you up to date with the latest news

Ambani dials Ambani: Jio to buy RCom's mobile biz assets for Rs 24,000 cr

Mukesh Ambani’s Reliance Jio announced a deal on Thursday to acquire younger brother Anil Ambani-owned Reliance Communications’s (RCom’s) wireless infrastructure assets, including towers and spectrum, at an estimated price of Rs 20,000-24,000 crore. Read more

Lok Sabha passes triple talaq Bill; Congress and other parties go along

After the Lok Sabha passed the triple talaq bill on Thursday, the Narendra Modi government indicated it would be amenable to incorporating some of the amendments that the Opposition suggested when the bill comes up for discussion in the Rajya Sabha. Read more

Sebi nod for universal exchanges from October 2018

The Securities and Exchange Board of India (Sebi) on Thursday said exchanges would be allowed to deal in both equities and commodities from October 2018, a move that would benefit the National Stock Exchange (NSE), the BSE, and the Multi Commodity Exchange (MCX), which currently trade in either of the two categories. Read more

Insolvency Bill eases rules for SME promoters

A Bill to replace an ordinance amending the Insolvency and Bankruptcy Code offers promoters of small and medium enterprises (SMEs) undergoing insolvency proceedings a month's window to repay overdue loans. and bid for their companies. Read more

Year-end rise in yields puts banks in the soup

With yields rising sharply, banks are caught between a rock and a hard place. Read more