Mumbai: State Bank of India’s (SBI) latest effort to sell loans given to Essar Steel Ltd has stalled, as potential buyers baulk at the bank’s demand for a pound of flesh from the same loan’s bankruptcy resolution.

According to three people aware of the matter, the sale of Essar Steel loans worth ₹15,431 crore comes with a precondition that caps the profit a winning bidder can make through bankruptcy resolution at 18%; the difference accruing from any higher profit must go to SBI.

Benchmark equity indices started on a cautious note, staging a moderate recovery in early trade Wednesday, following tepid sentiment in other Asian markets.

A stronger rupee against the dollar and easing crude prices also influenced market sentiment.

Real estate developer Lodha Group's subsidiary Lodha Developers International has announced a buyback programme for its senior dollar denominated bonds that are due in the year 2020.

For the buyback transaction, Lodha Developers International has entered into an arrangement with J P Morgan Securities PLC to commence the buyback programme for repurchasing on its behalf,

To have one airline limping forward on the brink of bankruptcy may be regarded as a misfortune. To have two looks like carelessness.

That’s the fundamental problem for India’s aviation industry, home to the critically ill Jet Airways India Ltd. and its state-owned rival Air India Ltd., which more or less died in 2012 but has been kept on life support thanks to ongoing infusions of taxpayer cash.

Alphabet Inc's Google disclosed on Tuesday that it spent a company-record $21.2 million on lobbying the United States government in 2018, topping its previous high of $18.22 million in 2012, as the search engine operator fights wide-ranging scrutiny into its practices.

Google said in a quarterly disclosure to Congress that it spent $4.9 million on lobbying activities during the fourth quarter, slightly above $4.4 million in the same period a year ago.

Despite repeated assertions by the Telecom Regulatory Authority of India (Trai), the implementation of the new tariff order is proceeding at a sluggish pace. Sources in the know reveal that less than 50 per cent of the consumers’ choice has been recorded across cable-digital and direct-to-home (DTH) platforms.

Shares of Wipro hit a near two-decade high of Rs 353 apiece, gaining 2 per cent on the BSE, as analysts expect the company to post better revenue growth in FY20 led by continued momentum in large deal wins, robust digital growth and continued growth in BFSI (banking, financial services and insurance) and other verticals. The stock of IT services firm was trading at its highest level since March 8, 2000.

Microsoft Corp. is planning to implement self-designed ethical principles for its facial recognition technology by the end of March, as it urges governments to push ahead with matching regulation in the field.

The company in December called for new legislation to govern artificial intelligence software for recognizing faces, advocating for human review and oversight of the technology in some critical cases, as a way to mitigate the risks of biased outcomes, intrusions into privacy and democratic freedoms.

The Indian Space Research Organisation (Isro) is working on at least three different designs of reusable launch vehicles at the same time.

Together with its endeavours to increase the number of objectives per mission and deploy purpose-built rockets, it seems like Isro wants to secure a competitive advantage as quickly as possible in all segments of the launch services market: light, medium and heavy.

Paytm Mall on Tuesday announced ‘Republic Day Sale’ which offers exciting discounts and cashback to the buyers. The attractive deals can be availed by the customers until January 26. The customers can buy laptops, sports shoes, smart TVs, headphones, home appliances and others in the sale.

Up to Rs 8,000 cashback can be availed on the purchase of iPhones using the offer, the company said in a statement.

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