 "News digest")
Court refuses interim relief to power firms
The Allahabad High Court refused on Monday to provide relief for privately-owned stressed power projects from the Reserve Bank of India’s (RBI’s) February 12 order. The RBI circular directed lenders to undertake insolvency resolution of defaulting companies within a strict timeline. The central bank had ordered banks to identify stress even when repayments were overdue by only a day. Resolution proceedings must be completed in 180 days, a deadline that ended on Monday. Read More
Sensex posts biggest gain in 3 months
The stock markets got a fresh shot in the arm with the US
