Hotel Leela 's Rs 4,300 crore debt has taken a heavy toll on the company. SBI has given its green signal to move the company into debt restructuring.
Watch out for stocks from the sugar sector as they hope for sweeter sops post the UP elections.
Federal Bank has classified its RS 90 crore exposure to Kingfisher as an NPA.
TDSAT says Reliance Infra can file rejoinder to Etisalat DB by March 14, reports the PTI.
Textile secretary says that a Group of Ministers (GoM) will be meeting on March 9 to review the ban on exporting cotton. A positive outcome of this meeting can prevent a crash in raw cotton prices.
Tata Motors has denied a report that states the Indian auto major is interested In Swedish carmaker Saab Automobile. Ratan Tata has denied placing a bid for the assets of Saab. One of the bidders is Mahindra & Mahindra.
Tata Motors is also set to launch a car named Tata Megapixel which will give a mileage of 100 km/l.
Era Infra secures a Rs 560 crore contract from Delhi Metro Rail Corporation.
SIDBI lends Rs 100 crore to SKS with rider, reports the Economic Times.
L&T Info joins race to bid for Hexaware, according to a report in the Business Standard.
The Business Standard also reports that Moser Baer plans a debt recast and has proposed a Rs 265 crore haircut proposed.
Tulip Telecom is looking to sell 25% stake in data centre biz, reports the Business Line.
CESC gets nod for 13% tariff hike, reports DNA Money.
IT department raids premises of top Elder Pharma officials.
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