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Thursday, April 02, 2020



SBI consortium gave loan to Sterling Group three years after own subsidiary flagged default

July 25, 2019 7:26 am

The decision to lend to a Sterling Group company in 2015 by the SBI-led consortium has come under the scanner of investigating agencies because the RBI norms mandate that no new credit facilities can be given to promoters and companies who are on the list of wilful defaulters.

Sterling Biotech case: ED files supplementary chargesheet in Delhi court

September 29, 2018 6:24 pm

It is alleged that the company took loans of Rs 5,383 crore from a consortium led by Andhra Bank, which later turned into non-performing assets.

CBI files fresh FIR against Sterling Group for cheating Andhra Bank of Rs 5,000 crore

October 29, 2017 5:05 am

The FIR, registered under various sections of the Indian Penal Code and the Prevention of Corruption Act, names Sterling Biotech, its directors Chetan Sandesara, Dipti Sandesara, Rajbhushan Dixit, Nitin Sandesara, Vilas Joshi, chartered accountant Hemant Hathi and then director of Andhra Bank, Anup Garg, among the accused.

Pound and sterling retreat after Manchester Arena explosion

May 23, 2017 8:51 am

Sterling eased 0.1 percent to $1.299, extending Monday's 0.3 percent loss. The pound dropped 0.3 percent to 144.32 yen, after losing 0.2 percent on Monday.

Raheem Sterling wants Manchester City to make statement against Chelsea

December 02, 2016 5:05 pm

Separated by one point, Raheem Sterling wants Manchester City to make a statement as they battle to overthrow Chelsea at the top of the table.