Ukraine war may be at centre of RBI letter to govt

Governor Shaktikanta Das would not disclose the contents of the letter as the law mandates him only to write to the government. But the MPC’s assessment and conduct – and those of the governor – over the past nine months point to one event – the war in Ukraine. “February 24th completely changed the picture,” […]

LIC puts Rs 613-crore KSK Mahanadi debt on the block

An offer of ₹188 crore from the Ahmedabad-based ARC has triggered a Swiss challenge auction, and on Wednesday, LIC invited counter offers from other ARCs, the people said. Rare ARC, being an anchor bidder, will have the first right to match the counteroffer.