The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue. Infrastructure Leasing & Financial Services (IL&FS) could get a lifeline, with public sector behemoths Life Insurance Corporation (LIC) and State Bank of India (SBI) likely to increase their stakes in the beleaguered infrastructure lending company through a rights offering as a means of infusing fresh capital. LIC is IL&FS’ largest shareholder with a 25.34 per cent stake, while SBI, which owns 6.42 per cent, is the seventh-largest stakeholder in the company. The prospect of the two public sector financial institutions raising their stake was discussed in a meeting chaired by Finance Minister Arun Jaitley on Tuesday. Economic Affairs Secretary Subhash Chandra Garg, Reserve Bank of India Deputy Governors Viral Acharya and BP Kanungo, LIC Chairman VK Sharma and SBI … [Read more...] about All is not lost for IL&FS yet as LIC, SBI plan to hike stake
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Stream international cricket Live & On-Demand with KAYO SPORTS including every Australian Test, ODI and T20I on home soil. Get your 14-day free trial > Josh Philippe of the Sixers appears certain to be one of the most-selected wicketkeepers in SuperCoach BBL this seasonSource:Getty Images WHY PHILIPPE? If you were closely watching and playing SuperCoach BBL last season, then Josh Philippe’s name is one you’ll remember with a bullet. Philippe didn’t quite burst out of the blocks to begin with, but he built up so much momentum that he went from gloveman and bit-part batsmen to opening up the order for the Sixers in what seemed like a blink of an eye. In six matches playing as an opener last season, Philippe put away 168 runs at an average run rate of 33.6 while his strike rate of 161.5 had him at the pointy end with some of the best hitters in the Big Bash League. The other huge factor for starting the 22-year-old in your SuperCoach team is that … [Read more...] about SuperCoach BBL: Will Josh Philippe or Cameron Bancroft make the ‘keeper cut?
Email Four Corners By Sean Nicholls, Peter Cronau and Mary Fallon Updated March 20, 2019 10:28:25 Photo: Uber launched in Sydney in 2014 but was not legal until December 2015. (ABC News: Garth Caird) Map: Australia Investigators were forced to create multiple false identities with the assistance of banks and phone companies to launch covert "sting" operations against ride share company Uber when it first began in Australia. Key pointsAuthorities reveal how they used fake identities to crack down on Uber when it first launched in AustraliaUber used spyware called Greyball to block passengers it suspected were transport regulatorsUber is preparing for its first public share offering in the US later this year The extent of the covert operations undertaken against Uber drivers has been revealed by a former senior transport safety investigator as part of a Four Corners investigation into the ride sharing giant.The revelation comes as Uber is trying to rehabilitate its … [Read more...] about How Australian transport authorities played cat and mouse with Uber’s Greyball