SBI reports huge losses, Rupee hits new lows, Rcom-Ericsson hit Stalement- Weekly Digest #61

Monday- 21st May 2018 UAE has given its banks permission to share information with India related to Winsome Group,  the diamond house which is India’s second-largest wilful defaulter. After initial uncertainty, Softbank has decided to sell its entire 21% stake in Flipkart to US retail giant Walmart. Softbank had invested $2.5 billion in Flipkart and is expected to …