News digest: L&T share buyback, Jet resolution, PNB exec directors & more

From Jet's lenders awaiting Sebi decision to Paramount's mismanagement, BS brings you up to date with the latest news

Sebi turns down L&T’s Rs 9,000-cr buyback offer

The Securities and Exchange Board of India (Sebi) has denied approval to Larsen & Toubro’s (L&T’s) Rs 9,000-crore share buyback plan, citing compliance issues over its post-buyback debt-equity ratio. Read more

Centre issues order to sack two PNB EDs

The central government has sacked two Punjab National Bank (PNB) executive directors (EDs) for their alleged involvement in the Rs 14,300-crore fraud by a group of companies belonging to Nirav Modi and Mehul Choksi. The incident came to light a year ago. Read more

Very close to Jet resolution, says SBI chairman

The State