Top headlines: 1st invIT by govt entity set to open, SC on AGR dues, & more

From Clix Capital set to buy majority stake in Lakhsmi Vilas Bank, RBI proposing 10-yr term for bank promoter-CEOs, here are top headlines on Friday morning

The AION Capital-backed Clix Capital may come to the rescue of cash-strapped Lakshmi Vilas Bank. The Supreme Court has questioned the Centre’s move to ask state-owned firms to pay Rs 2.7 trillion as dues linked to adjusted gross revenue (AGR), calling it “wholly and totally impermissible’’. ICMR, India's top medical institute has ruled out the possibility of community transmission of Covid-19 in the country. In a first, NHAI has filed application with Sebi and is set for govt's first InvIT launch by the end of the month. Here are the top news on Friday morning.

Clix Capital eyes majority stake