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Pain not yet over: SBI refers 3 cos to CDR for Rs 3430cr

India's largest lender the State Bank of India (SBI) referred three loan accounts including Bharati Shipyard (BS), ARSS Infrastructure and Vijai Electricals (VE) to the Corporate Debt Restructuring (CDR) cell.
GE may buy transformer co Vijai Elect for $1bn: Sources

General Electric (GE) may be close to buying Hyderabad-based transformer company, Vijai Electricals. Sources tell CNBC-TV18 that GE might peg the latter’s enterprise value at USD 1 billion.

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