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INDIAN (B)

INDIAN (B)

Flipkart's bid to contain impact of new laws

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The company is said to be taking a number of steps to deal with the fallout. Sources said it is in talks with a bunch of entrepreneurs/startups who can set up retail entities to sell on Flipkart. It is also said to be talking to its existing base of smaller sellers to increase their exposure to the etailer’s platform.



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INDIAN (B)

IL&FS workers stay captive as bank raises hurdle

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What had raised expectations for Hari and his three colleagues was Exim Bank’s move to lift the freeze on ITNL’s bank account. But Ethiopian Commercial Bank executives have refused to lift the freeze, further delaying the departure of the employees who are now left with no money to even buy food and are living without electricity as their employer is refusing to transfer any funds.



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INDIAN (B)

SBI plans to sell Essar Steel's Rs 15k cr NPAs

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The SBI plans to sell over Rs 15,000 crore worth bad loans belonging to Essar Steel to recover its dues from the debt-laden steel maker. SBI said the resolution plan for the recovery of non-performing asset (NPA) has been approved and filed in NCLT Ahmedabad, according to which the minimum recovery to the bank is Rs 11,313.42 crore.



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INDIAN (B)

Indra Nooyi in race to become World Bank prez

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Nooyi, who stepped down from her Pepsi position in Oct, Malpass, who is undersecretary of Treasury for international affairs, and Washburne, who has been the OPIC CEO since Aug 2017, are among several candidates being looked at by the White House to head the World Bank. The US has traditionally chosen the institution’s leader since it began operations in 1946.



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