generate more excitement in the brand and has managed to secure over 11,200 bookings and
generate business of over 22 bln rupees in December alone.
* BANKING: Reserve Bank of India notified that the trigger point, breaching which banks can
convert their tier-I bonds into equity, remains at 5.5% of core equity capital.
* ECONOMY: Union Cabinet has approved the bilateral currency swap agreement between India and Japan for up to $75 bln.
* FINANCE: Infrastructure Leasing & Financial Services, which is selling assets to repay debt of
about 910 bln rupees, won’t provide indemnity and warranties to potential buyers, a move that will
drive down valuations steeply.