SBI reveals names of 10 big wilful defaulters

first_imgMumbai: The State Bank of India on Friday revealed the names of 10 new big ticket firms and their top officials and declared them as “wilful defaulters”. The firms, include players from pharmaceuticals, gems and jewellery, power, infrastructure and other sectors, according to public notices issued by the Stressed Assets Management Branch 1 (SAM-1), Cuffe Parade. Mostly based in Mumbai, the defaulters have been served repeated reminders to clear their outstanding that are pegged at nearly Rs 1,500 crore. The SBI has warned the borrowers of legal action if they fail to repay their dues with interest and other charges within the next 15 days.last_img

WatchTSX Wall Street move higher as oil Canadian dollar fall

TORONTO — The Toronto stock market closed higher as both the mining and health-care sectors found strength from two high-profile deals — one made official and the other later denied by the company involved.The S&P/TSX composite index ended ahead 95.97 points at 14,908.39.Teck Resources Ltd. (TSX:TCK.B) shares jumped more than 14%, sending the mining and metals sector ahead amid a news report that the Vancouver-based company was in talks about a possible merger with Chilean copper miner Antofagasta. Teck later denied the report, saying it was not in talks with Antofagasta in relation to any form of transaction.Meanwhile, the lightly weighted health-care sector got a rare boost of seven per cent after U.S. health insurance company UnitedHealth Group agreed to buy TSX-traded Catamaran Corp. for more than US$12 billion.On Wall Street, the Dow Jones industrial average rose 263.65 points to 17,976.31, while the Nasdaq was up 56.22 points at 4,947.44. The S&P 500 index advanced 25.22 points to 2,086.24.The Canadian dollar was down 0.59 of a U.S. cent at 78.78 cents US. read more