JC Flowers likely to get Saraswat Bank’s Rs 228-cr stressed loans, no other bidder

The 110 accounts the bank had put up for sale in the first week of January include SME accounts and some home loans from individual borrowers. JC Flowers’ offer envisages an 84% haircut for the Mumbai-based cooperative bank.

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Suzlon Energy shares up 13.6% on rising profits

Suzlon Energy’s shares experienced a significant surge. This followed the company’s report of a fourfold profit increase for the March quarter. The company’s market capitalization