Dhirendra Kumar 
First big bankruptcy success hands Rs 35,200 crore to banks The biggest asset sale under India’s new bankruptcy law offers a breather to the nation’s banks, a number of which posted record losses for last quarter. Tata Steel Ltd. on Friday bought insolvent Bhushan Steel Ltd. and is paying Rs 35,200 crore ($5.2 billion) to … Read more
Full Delhi Metro Magenta Line to open for public from May 29 The portion of Delhi Metro’s Magenta Line which will connect Kalkaji Mandir to Janakpuri West will be open for public from May 29, it was announced today. This section, comprising of 16 stations, will be the longest opened so far in Delhi Metros … Read more
Narendra Modi arrives in Sochi for informal summit with Russian president Vladimir Putin Prime Minister Narendra Modi on Monday arrived in Russia’s Black Sea coastal city Sochi for an informal summit with President Vladimir Putin that will focus on pressing global and regional issues, including impact of the USA’s withdrawal from the Iran nuclear deal. … Read more