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Banking

Indian banks balk as court queries airwaves sale

MUMBAI: Indian lenders rushed to be included in a case involving recovery of US$19bil of past dues from telecom companies after a Supreme Court judge questioned banks’ right to sell insolvent carriers’ airwaves

Corporate News

Brooks Brothers on verge of being sold

NEW YORK: Bankrupt Brooks Brothers Group Inc is on the verge of being sold to a partnership that includes the new owner of Barneys New York and one of the biggest US mall operators.