News digest: PSB recap, Aadhaar data breach, Vodafone-Idea merger, and more

Lenders to Aircel and GTL Infrastructure have come up with a solution to clear the combined debt of the firms

Govt seeks nod for Rs 800-billion PSB recapitalisation through bonds

The Finance Ministry sought Parliament’s approval to spend Rs 800 billion extra this fiscal year to recapitalise state-owned banks through bonds. Thursday’s move kick-starts the Rs 1.35-trillion bank recapitalisation bond programme announced by Finance Minister Arun Jaitley in October to help public sector banks come out of the spiralling non-performing asset mess. Read more

UIDAI begins probe on breach of Aadhaar database, initiates FIR

The Unique Identification Authority of India has begun investigations into a report that claimed access to its database of identity details of more than