 "News digest")
RBI keeps private banks waiting on bonus payment to top executives
The Reserve Bank of India (RBI) has started cracking down on bonuses to top executives at private sector banks. According to sources familiar with the matter, the central bank is yet to grant its approval for bonuses to senior executives in private banks even as the financial year 2017-18 has come to an end. Generally, the central bank grants its approval by mid-March, or latest by March 31, but most banks have not received RBI approval on bonus packages this year. Read more
Deepak Kochhar gets I-T notice in Videocon case
The income tax (I-T) department on Tuesday issued a notice to Deepak Kochhar’s troubled firm NuPower Renewables over alleged tax evasion in connection with the Videocon loan case. Read more
Jet Airways finalises deal for 75 Boeing 737 Max planes worth $8.7 bn
Jet Airways has finalised an $8.7-billion deal to acquire 75 Boeing 737 MAX planes as the airline plans to launch new routes and grow its market share.The Mumbai-headquartered airline and Boeing signed a purchase contract last week. With the latest deal, Jet Airways will have 150 737 MAX planes on order. Read more
Construction target for highways: Each lane to be added under new formula
Ministry of Road Transport and Highways on Tuesday announced that the daily road construction target for the current financial year will be calculated as per lane length kilometre formula practised worldwide. Read more
IBC committee wants wider pool of bidders
A high-level panel on reviewing the Insolvency and Bankruptcy Code (IBC) has suggested widening the pool of those who can bid for insolvent companies. Read more
