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Tractors India dragged to NCLT

Following the failure of earlier attempts at debt recovery, Bank of India has filed for insolvency against Kolkata-based commercial equipment maker TIL (Tractors India) in order to recoup its obligations.

Booster shot for infrastructure sector!

The Budget seems to be focused on high impact areas and accelerating the capital expenditure cycle.

RBI supersedes board of Srei Infra and Srei Equipment Finance

The Reserve Bank of India on October 4 superseded the Board of Directors of Srei Infra and Srei Equipment Finance Limited, owing to governance concerns and defaults by SREI Group Companies.

RBI supersedes board of Srei Infra and Srei Equipment Finance

The central bank of India has appointed Rajneesh Sharma, the former Chief General Manager at Bank of Baroda, as administrator.

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