Top stories this morning.
Write-off: Will SBI's play on words help recover loans?
At a recent internal meeting of the SBI, it was decided to drop the term "write-off" and instead use the phrase Advance Under Collection Account (AUCA) for all toxic loans pending with industrial houses. But the question here is whether the mere changing of the term will amount to the recovery of the hefty outstanding loans owed to the bank. Read more
4.4 magnitude earthquake hits Delhi, Haryana; no loss of life, property reported
A medium intensity earthquake measuring 4.4 on the Richter scale shook the national capital and neighbouring Haryana in the wee hours of Thursday. According to the National Center for Seismology, a unit of Ministry of Earth Sciences, the mild tremor hit Delhi at around 4.30 am and was epicentred near Delhi-Haryana border. Read details
DNA Exclusive: CBI probes Mauritius co’s MCX exit
The Central Bureau of Investigation (CBI) has initiated a probe into Multi Commodity Exchange’s IPO held in 2012 that provided an exit to one of the foreign investors — Alexandra Mauritius Ltd — without the requisite approval by Foreign Investment Promotion Board (FIPB). Read full story
Will TCS move to oust Cyrus Mistry from its board today?
As the Tata-Mistry battle rages on, two key board meetings will be held on Thursday, including one to seek removal of the ousted group chairman from the board of crown-jewel Tata Consultancy Services. Read more
Indian Army rejects Pakistan claim of killing 11 Indian soldiers at LoC
Indian Army on Thursday rejected Pakistan Army Chief General Raheel Sharif's claim of killing at least 11 Indian soldiers at Line of Control (LoC). On Wednesday, Sharif had claimed that his troops killed at least 11 Indian jawans the day seven Pakistani soldiers were killed in firing by Indian troops across the Line of Control (LoC). Read more
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 "Top stories this morning")
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