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Showing posts from June 25, 2023

Current affairs

 🙏Good Morning All.... 🌻🌹💐👩‍👩‍👧‍👦🙏 ☕  26.06.2023 : Today's Banking / Financial News at a Glance  🍒    Lenders set to clear Rs 400 crore to bring Go First back on runway : Go First’s lenders have agreed in principle to support the airline’s request for Rs 400 crore interim funding to restart its operations. The airline temporarily halted operations on May 2, and its insolvency plea was admitted by the National Company Law Tribunal (NCLT) on May 10. On Wednesday, the airline’s resolution professional Shailendra Ajmera submitted a business plan and a request for over Rs 400 crore funding to airline’s committee of creditors (CoC). The CoC comprises Go First’s lenders — Bank of Baroda, Central Bank of India, Deutsche Bank, and IDBI Bank — which collectively have an exposure of over Rs 6,500 crore to the airline. Bank representatives met again on Thursday to discuss the airline’s funding request. - Business Standard 🍒    Bank loans to NBFCs under ...

Current affairs

 “Begin your day with a plan. You will end your day feeling accomplished”. Good Morning and Happy Week-ahead ji🪴 Today's Headlines from : *Economic Times* 📝 Bupa Group eyes bigger play in India’s healthcare 📝 Government to launch portal for unclaimed dividends, shares by February 📝 NHAI looks to pare debt via asset monetisation, higher toll income 📝 Voda Idea in advanced talks with vendors for 5G rollout, launch subject to funding 📝 AI firm Ikonz ropes in Big B as strategic partner, looks to raise $10 million 📝 IL&FS moves NCLAT over consent delays for transfer of assets to InvIT 📝 Tomato prices double due to heat, delayed rainfall 📝 First abort mission of 'Gaganyaan' to be conducted in August-end: ISRO chairman *Business Standard* 📝 India, Egypt elevate ties to 'strategic partnership' during PM Modi's visit 📝 Third G20 infra summit meet from Monday with an eye on sustainability 📝 Lenders set to clear Rs 400 crore to bring Go First back on runway...