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The new surge in Covid cases in China is making Indian companies, from electronics and apparel manufacturers to gold and diamond exporters, worried about another bout of supply chain disruptions as well as exports to the Chinese market getting hurt.
Potential IDBI Bank bidders have asked the government for tax benefits from the accumulated ₹45,000 crore losses to accrue to the acquiring entity in case the lender is merged with another bank.
Torrent Investments is the highest bidder for Anil Ambani-owned Reliance Capital, having offered ₹8,640 crore for the debt-laden financier at an auction held on Wednesday.
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