News digest: Stressed power assets, RIL market cap, fake news, and more

Other lenders yet to come on board

SBI fixes plans for six stressed power assets 

State Bank of India (SBI) has chalked out resolution plans for about half a dozen stressed power assets. But their future is still uncertain as other lenders are yet to come on board even as the Reserve Bank of India’s deadline for beginning insolvency proceedings ends on August 27. SBI is the lead lender, with an exposure of Rs 700 billion to these companies. Read more

RIL market cap tops Rs 8 trillion  

Reliance Industries (RIL) on Thursday became the first Indian company to cross Rs 8 trillion in market capitalisation. The