#GOOD_TO_KNOW INDIA TOP NEWS • RBI's high surplus transfer t | TEJGyan

#GOOD_TO_KNOW

INDIA TOP NEWS

• RBI's high surplus transfer to buffer hit on govt revenues

The Reserve Bank of India's board approved a significantly higher than expected surplus transfer to the government on Friday but it may not be enough to cushion the damage from a crippling second wave of the novel coronavirus. nL2N2N80I7

• 'Faster than the virus': India's financial hub gears up for a third COVID-19 wave

India's crowded financial hub Mumbai won plaudits this year for tackling the second wave of the pandemic better than any other metropolis in the country - and it is gearing up to get ahead of a potential third wave that experts fear could affect children. nL2N2N80SU

• SBI confident on asset quality after posting record profit

Top lender State Bank of India sought to allay concerns about its asset quality and forecast credit growth in low double digits for the full year, after reporting earnings that were well above estimates for the final quarter of fiscal 2021. nL3N2N824W

• India denies asking state banks to withdraw cash held abroad over Cairn dispute

India's government on Sunday denied asking its state-run banks to withdraw funds from their foreign currency accounts abroad on fears that Cairn Energy may attempt to seize the cash in a tax dispute, adding New Delhi was open to resolve the matter. nL3N2NA06W

• Renault-Nissan fights court battle with Indian workers on operations during COVID-19 surge

Renault-Nissan has told an Indian court it needs to continue production at its car plant to meet orders, rejecting claims from an employee union that COVID-19 safety protocols were being ignored at the factory, legal filings show. nL2N2NA03U

• JSW Steel examining bid for Gupta's British business -sources

JSW Steel is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two people familiar with the matter told Reuters, as would-be buyers circle Sanjeev Gupta's global commodities empire. nL2N2N903Y

• Air India says February's data breach affected 4.5 million passengers

Personal data of about 4.5 million passengers of Air India was leaked in a cyber attack on the airline's data processor but the compromised servers were later secured, the Indian state-run carrier said in a statement. nL3N2N83RJ

• India, Pfizer seek to bridge dispute over vaccine indemnity -sources

Pfizer and the Indian government are seeking to resolve tensions over a demand by the U.S. drugmaker for legal protection from any claims linked to the use of its COVID-19 vaccine in one of the world's biggest markets, two sources told Reuters.