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The company had in 2008 entered into a contract with Delhi Metro for running the country’s first private rail project for 30 years. It stopped operating the Delhi airport metro rail line in 2012 following a dispute over fee, and initiated arbitration alleging violation of contract.

The government will sell 5 per cent of its stake in state-owned Hindustan Copper through an offer for sale (OFS) this week.

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State-wise trend indicates that the rural households’ average debt more than doubled in 18 states for the 6 year period ended 2018, while 7 states witnessed the same for urban households. Importantly, 5 states, including Maharashtra, Rajasthan and Assam witnessed a simultaneous doubling in average debt across both urban and rural households during this period.

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The rating agency also clarified that there is no case for upgrades in this sector in the near term as asset-quality stress will remain unresolved and capital buffers remain thin, particularly for state-run banks . It also warned that the banks would require $ 27 billion under a stress case scenario.

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The offer is primarily for 5% and the government can retain bids for another 5% under the greenshoe option in case of oversubscription, the Department of Investment and Public Asset Management said.

Payments and merchant commerce firm Pine Labs has appointed Wall Street investment banks Morgan Stanley and Goldman Sachs as advisors for its initial public offering (IPO) in the United States next year, sources aware of the matter said.

Among the buyers were Stitching Depositary, American Funds Global, Integrated Core Strategies and BNP Paribas Arbitrage Fund who cumulatively bought 20.8 million units of the real estate investment trust.

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TCS, which is positioning itself as a company that provides end-to-end consulting to implementations to global clients and gain more of their wallet share, is bullish on faster growth as customers across sectors invest in technology to transform their business.

The institutional investor has raised $275 million or over Rs 2,025 crore by selling around 6 per cent stake in the listed entity. The deals have resulted in reducing Blackstone’s holding in the REIT to 32 per cent from earlier 38 per cent.

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The regulator has impounded the bank accounts of these individuals to the extent of Rs 13.58 crores.

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