New Delhi: The State Bank of India (SBI) will conduct an e-auction of 11 bad loan accounts on November 7 to recover dues of Rs 466.49 crore.

In terms of the bank's revised policy on sale of financial assets, in line with the regulatory guidelines, the bank will place 11 accounts for sale to ARCs/banks/NBFCs and FIs, SBI said in an auction notice.

Pritilata Mondal is a railway mechanic. She works at the railway yard of the Santragachi station of the South Eastern Railways. Earlier this year, the railway authorities released a video of her day at work on YouTube. It was about how she got a job in the railways, how she was recruited as a mechanic though she had no technical knowledge about wagons, how she inspects wagons, repairs glitches and hammers the nuts and bolts back in place and so on and so forth.

Bengaluru: A few anonymous employees of global software vendor Infosys have accused its Chief Executive Officer (CEO) Salil Parekh and Chief Financial Officer (CFO) Nilanjan Roy of unethical practices for many quarters.

"Parekh and Roy have been resorting to unethical practices for many quarters, as evident from their e-mails and voice recordings of their conversations," said the complainants,

The National Highways Authority of India (NHAI) is in dire need of funds for expanding the road network. Towards this end, the nodal government agency has put the fourth bundle of toll projects on the block, inviting bids under the TOT (toll-operate-transfer) model.

However, here’s why analysts and industry experts are sceptical about garnering any premium bids for this bundle.

Mumbai: Saudi Aramco, Rosneft, Kuwait Petroleum, ExxonMobil, Shell, Total SA and Abu Dhabi National Oil Co. are among companies that have had conversations with the government on asset sales and are likely to bid for the government’s stake in Bharat Petroleum Corp. Ltd, two people aware of the matter said.

The government is planning to invite preliminary bids for 100% stake sale in Air India next month and already some entities have expressed interest in the national carrier, sources said.

The airline is sitting on a debt pile of around ₹58,000 crore, besides huge accumulated losses running into thousands of crores.

The Pakistan military has rejected as “false” the Indian Army’s assertion that it targeted at least three terror camps in PoK and said India is welcome to take any foreign diplomat or media to the site to “prove” its claim on ground.

Indian Army chief General Bipin Rawat said on Sunday that six to ten Pakistan Army personnel were killed and three terror camps destroyed in a retaliatory action by the Indian Army opposite the Tangdhar and Keran sectors in Jammu and Kashmir.

Reliance Jio has alleged that the move to review the interconnection charges by regulator Trai is not only arbitrary, unwarranted and anti-poor but it will also adversely affect investor’s confidence and sabotage Prime Minister’s vision for Digital India. The latest entrant in telecom space also said that the move protects vested interests of some old operators. “It is unfortunate that instead of profiting the poor and marginalised sections of Indian society, the Consultation Paper has chosen to help profiteers in the telecom business,”

Two bank unions have threatened a 24-hour strike against the recently announced bank mergers and banking activities are likely to get hit on Tuesday, 22 October. The banks will be protesting against falling deposit rates and outsourcing of jobs, news agency IANS reported. All India Bank Employees’ Association (AIBEA) and Bank Employees Federation of India (BEFI) have notified that they will be on a strike from 6 am on October 22 to 6 am on October 23.

Union Finance Minister Nirmala Sitharaman on Sunday said negotiations between India and the United States on a trade deal are going on in "full speed" and expressed hope that it will conclude soon.

The negotiations came up during a discussion between Sitharaman and US Treasury Secretary Steven Mnuchin at the IMF headquarters. Mnuchin is scheduled to visit India next month.

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