Top Headlines: BSNL bailout, YES Bank to raise $1.1 bn from Carlyle, Advent

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BSNL bailout: On revival and 4G launch, employees have fingers crossed

The Rs 1.64 trillion package, unveiled on Wednesday, includes a mix of financial support, debt restructuring, viability gap funding and administrative allotment of spectrum that will help the telecom service firm to de-stress its balance sheet, improve landline network and launch 4G service. The government hopes with these measures BSNL will turn profitable on a net basis in 2026-27. Read more...

Global PE investors Advent, Carlyle to invest Rs 8,900 cr in YES Bank

Private lender YES Bank on Friday announced raising equity capital worth $1.1 billion (Rs 8,900