Sensex dives 390 points in early trade; Nifty below 11,600

On the 30-share BSE index, major laggards include Tata Motors, Yes Bank, Tata Steel, Vedanta, HDFC and IndusInd Bank with their shares diving as much as 4 per cent. On NSE, all sub-indices started on a negative tone with Nifty Metal sliding the most, down 2.42 per cent.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2JiUsPt

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RBI weighs incentives for banks to move IBC

RBI may assign a ‘lower risk weight’ on loans to cos against which bankruptcy has been initiated.

from Banking/Finance-Industry-Economic Times http://bit.ly/2V4pzR8

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Underinsurance the bigger challenge, say insurers as they get ready to settle Fani claims

Loss due to inadequate coverage is huge in most natural calamities: officials

from Business Line - Money & Banking http://bit.ly/2Y1xBfk

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IL&FS case: Auditors have many questions to answer, says Corp Affairs Secy

Crisis-hit IL&FS group's debt burden is estimated to be more than Rs 94,000 crore and various entities

from Banking/Finance-Industry-Economic Times http://bit.ly/2PPa4eP

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Now, PSUs to rescue government's failing strategic sale plan

DIPAM officials said that next round for sale of majority government holding in companies will be offered to willing CPSEs proposing to give a good valuation for Centre's stake.

from Banking/Finance-Industry-Economic Times http://bit.ly/2H2geph

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