Top headlines: Zee boss 'will fight' takeover bid; govt stocks up coal

Subhash Chandra alleges Invesco is gunning for illegal takeover of his media company.

A Reserve Bank of India-appointed administrator has told the Kolkata-based Srei group there won't be any job losses after the regulator took over the board.

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RBI-appointed Srei administrator assures job security to employees

The Reserve Bank of India (RBI)-appointed administrator of the Kolkata-based Srei group met its senior management and assured them that there would not be any job losses during the transition period.

Rajneesh Sharma, the administrator, also said the non-banking financial companies of the group would restart their business soon and focus on loan recovery, sources in the know