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Road panel says NHAI loans should get govt guarantee
The B K Chaturvedi committee set up to recommend ways to implement road projects faster and more efficiently, has recommended that the National Highways Authority of India (NHAI) be given sovereign guarantees on the loans it raises from the market.

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Sobha set to raise another Rs 250 cr from land sale
Sobha Developers, the Bangalore-based realty player, is set to raise another Rs 250 crore by selling a little over 100 acres of its land in Pune. The company has been making headway to settle a part of its Rs 1,900 crore debt by selling part of its 3,000-acre land bank spread across the country. Sobha recently raised close to Rs 530 crore through the Qualified Institutional Placement (QIP) route. With a debt of Rs 1,900 crore, the company was leveraged 1.6 times and it is understood that a part of the proceeds from QIP is being used to settle a part of that.

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Sanjeev Sanyal: Radically rethinking agriculture
It"s time we busted a few myths and revamped our strategy towards the farm sector.
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Banking disrupted as employees go on strike over merger

Bank employees owing allegiance to four Left-leaning unions today went on a strike protesting the proposed merger of the State Bank of Indore with parent SBI, disrupting normal banking operations in the country, a top union official said. - Bank employees begin nationwide strike - Hunger strikes on for united Andhra - MNC banks pay lesser advance tax in Q3 - Nation-wide bank strike tomorrow - Moody"s upgrades outlook for rupee - Unique identity number to help banks skip KYC rules AIBEA General Secretary C H Venkatachalam told PTI that employees under the banner of All India Bank Employees" Association (AIBEA) and All India Bank Officers" Association (AIBOA) are on a one-day strike. Venkatachalam said there should be no consolidation in the public sector banks in the name of creating global size bank. Many public and private sector banks have already informed customers that the normal functioning at bank"s branches may get affected in view of the strike call. PSU banks control about 70 per cent of the banking operations in the country.


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