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The Western Railway will spend around Rs 245 crore to replace 17 foot overbridges (FOB) and build 12 new ones across its suburban section.   The general administration drawings have already been prepared. The procedure to invite tenders for this work will start in November 2017. WR has a total of 74 FOBs, of which 24 were constructed in the last two years. Work is in progress at 14 more. [..]

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MUMBAI: At a time when stressed loans of commercial banks have crossed Rs 8.2 lakh crore, Canada's Brookfield Asset Management has committed Rs 7,000 crore to buy bad loans in India through a joint venture with SBI.   A statement issued by SBI on Wednesday said that the country's largest bank has committed up to 5% of total investments into stressed assets. "The JV will independently eval[..]

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