According to submissions made by SBI’s lawyer Sandeep Arora in court, the sugar manufacturer defaulted on ₹1,052 crore portion of its debt on March 3, 2022. The default amount, ₹140 crore, includes coupon payments on optionally convertible debentures that had been subscribed to by banks.
Gold, silver hit all-time high on Diwali demand
Gold prices reached a new high of Rs 80,650 per 10 grams in the national capital. Silver also rose significantly by Rs 5,000 per kg,