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Top headlines: Mistry family in talks for funds, Google ups lending biz

Economic Affairs Secretary Tarun Bajaj says he is certain that a V-shaped economic recovery will take a year.

RBI
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The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4 and will announce its decision on August 6.

BS Web Team New Delhi
Economic Affairs Secretary Tarun Bajaj says he is certain that a V-shaped economic recovery will take a year. That and more on what's news this morning.

Mistry family in talks with investors to raise Rs 4K cr, aims to cut debt

The billionaire Mistry family is in talks with several investors to raise up to Rs 4,000 crore by selling part of its stake in Sterling and Wilson Solar (SWSL), and also with Canadian financial powerhouse, Brookfield, to raise debt against its Tata Sons shares. The proceeds of the funds raised will be used to reduce the group’s debt and repay

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