Yes Bank’s plan to bring Carlyle and Advent on board as equity investors for about $1 billion has gathered pace, following the proposed sale of the lender’s stressed assets to JC Flowers Asset Reconstruction Company and the constitution of a new board, said people in the know.
The NDA’s decision to field a tribal woman as its presidential candidate appears to have paid dividends, with as many as 17 opposition MPs and 126 MLAs cross-voting for Droupadi Murmu, who defeated the opposition candidate Yashwant Sinha late Thursday evening to be elected the 15th President of India.
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