Finance Minister ArunJaitley has said the government, faced with the issue of non-performing assets, is working on a plan to rebuild the capacity of India’s banking sector so as to support growth. Gross non-performing assets (NPA) of the public sector banks rose to Rs 6.41 lakh crore at the end of March 2017. . . . .
Bharti Airtel and Tata on Thursday announced that they have entered into an understanding to merge Consumer Mobile Businesses (CMB) of Tata Teleservices Limited (TTSL) and Tata Teleservices Maharashtra Limited (TTML) into Bharti Airtel. As part of the agreement, Bharti Airtel will absorb Consumer Mobile Businesses (CMB). . . . .