State Bank of India (SBI) has bought loan pools worth only about Rs 17,000 crore so far in FY19 from non-banking financial companies (NBFCs), against the stated target of Rs 45,000 crore, sources told FE.

There are not too many good asset pools up for sale, and SBI is unlikely to meet its revised full-year target, according to executives in the know.

The Insolvency and Bankruptcy Board of India (IBBI) on Tuesday signed a memorandum of understanding (MoU) with capital markets regulator Sebi for an effective implementation of the Insolvency and Bankruptcy Code, 2016. They have agreed to assist and cooperate with each other for effective implementation of the IBC, subject to limitations imposed by the applicable laws, an official statement said.

India is not the first tier country for post-Brexit free trade agreement (FTA) and a lot more work would be required before Britain can start negotiating such a deal with New Delhi, the UK government admitted on Tuesday.

In his submission to the ongoing Global Britain and India' inquiry being conducted on post-Brexit India-UK ties by the House of Commons Foreign Affairs Committee (FAC), UK Foreign Office Minister Mark Field flagged some high-value trade disputes involving British companies in India as a warning sign on the road ahead.

The country’s largest real estate developer DLF on Tuesday announced its second joint venture with global realty investment, development and management firm Hines. They will work on a project with total value of Rs 7,000 crore.

DLF Home Developers (DHDL), a wholly owned subsidiary of DLF, and Green Horizon Trustee, an affiliate of Hines, have entered into a joint venture to develop a high-end commercial project in Gurugram, said the companies.

Google on Tuesday unveiled a streaming platform called Stadia that allows video game play on any internet-connected device, eliminating the need for games consoles.

The tech platform, announced at the Game Developers Conference in San Francisco, aims to connect more people to participate in interactive play on PCs, tablets, smartphones and other devices.

With the ICC Cricket World Cup 2019 fast approaching, an immediate worry before the Board of Control for Cricket in India (BCCI) is its lookout for a new head coach for the national cricket team. The tenure of current coach Ravi Shastri and his support coaching staff is set to end right after the world cup. To this end, BCCI is likely to soon advertise the vacant position, according to cricket news website ESPNCricinfo, and the candidates should be interviewed before India's tour of West Indies, which begins is in late July.

KIAL, an arm of Kotak Mahindra Bank, said in a statement that it has launched a new fund which will partner with Bengaluru-based realty firm DivyaSree Developers to develop and acquire commercial office assets. “The USD 400 million India Office Assets Fund I, is anchored by a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and is one of the largest dedicated commercial office development platforms announced in India,” it added.

This week, more than 25,000 members of the video game industry are scheduled to descend on San Francisco for the geeky, and often sleepy, an annual gathering known as the Game Developers Conference.

This year, though, more people than usual are paying attention. Google is set to unveil a video game service, codenamed Project Stream, that will reportedly allow people to play Fortnite and other modern titles in a web browser or on a television using inexpensive hardware.

India’s Ola is raising $300 million from Hyundai Motor Group, giving the ride-hailing startup more capital to compete for drivers and customers against Uber Technologies Inc. just as the U.S. rival prepares for an initial public offering.

The deal values Ola at about $6 billion, said a person familiar with the matter, asking not to be named because the figures are private. The Bangalore-based company, which had been valued at $4.3 billion according to CB Insights, will continue to raise funds and has term sheets from other investors, the person said.

The M K Stalin-led Dravida Munnetra Kazhagam (DMK) has promised to abolish the National Eligibility cum Entrance Test (NEET), formerly the All India Pre-Medical Test, as part of its poll promise. The party, which has joined hands with the Congress for the upcoming LokSabha election has also promised to bring back the old pricing models for petrol & gas cylinders.

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