A consortium of lenders, led by Syndicate Bank, is set to agree to a restructuring scheme for Reliance Infrastructure Ltd.’s Mumbai Metro project, two people in the know told BloombergQuint on condition of anonymity, BloombergQuint reported. The restructuring plan involves extending the tenure of the Rs 2,200 crore in outstanding loans by two years, the people quoted above said. In addition, lenders will likely agree to a cut in interest rates to around 9 percent from over 11 percent currently, which will help the metro project repay its dues on time, the people said.

Bolton Wanderers and Bury's opening League One (third-tier) fixtures could be suspended if they do not furnish evidence of their financial viability by 1600 GMT on Monday, the English Football League (EFL) has said, the International New York Times reported on a Reuters story. Bolton, who were relegated from the second-tier Championship last season, have been in administration since May while promoted Bury must provide the EFL with a viable plan to settle their debts after entering an "insolvency event".

The Bank of England is poised to become the outlier among big central banks, with UK policymakers favouring a “wait and see” approach as their US and European counterparts prepare fresh stimulus, the Financial Times reported. The US Federal Reserve is poised to cut interest rates this week, and the European Central Bank last week paved the way to cut rates and relaunch asset purchases in the face of persistently low inflation. But the UK’s monetary policy committee (MPC) is in an anomalous position.

Sterling plunged to 28-month lows on Monday and headed for its biggest daily fall against the dollar since November as investors scrambled to factor in the risk of a no-deal Brexit and the possibility of a snap election, the International New York Times reported on a Reuters story. A still-deeper fall in sterling remains on the cards; all metrics show that a disorderly British exit from the European Union is far from being fully priced in.

Struggling British baby products retailer Mothercare Plc said on Friday its annual underlying pretax profit would not grow, as it grapples with an uncertain and volatile home market along with fragile consumer confidence, Reuters reported. Mothercare, which floated in 1972 and has been a mainstay of British shopping streets, has closed a third of its British stores over the past year through a company voluntary arrangement (CVA).

The largest shareholder in Cobham has come out against the company’s agreed £4bn takeover by US private equity fund Advent International, arguing that it does not see the deal as “compelling,” the Financial Times reported..

Primark is asking landlords to cut its rents in an attempt to compete with rivals that used insolvency proceedings to reduce costs and remain open, the Sunday Times reported, without saying where it got the information, Bloomberg News reported. The fast-fashion retailer is asking for cuts of as much as 30% on contracts with several years left in exchange for lease extensions or refurbishments, according to the newspaper. Primark has 189 stores, most of which are leased, it said.

Morning, the new prime minister would have us believe, has come to Britain. On the sunlit steps of 10 Downing Street, the home Boris Johnson has dreamt of occupying since he was a child, the incoming premier reeled off a string of promises: more police, shorter waits for doctors, better roads, rail, broadband and education, the Financial Times reported. His was a breezy optimism. “The doubters, the doomsters, the gloomsters, they are going to get it wrong again,” he proclaimed.

Whoever wins the U.K.’s leadership race, investors reckon its markets will lose. That’s because for years only one thing has mattered to money managers focused on Great Britain -- the risk of a messy divorce from the European Union pummeling the nation’s assets and darkening its economic prospects, Bloomberg News reported. It’s a scenario neither frontrunner Boris Johnson nor his adversary Jeremy Hunt may be able to avert. “Markets will remain fixated on the Brexit process above all else,” said Edward Park, deputy CIO at Brooks Macdonald Asset Management. “U.K.

Troubled property development schemes spearheaded by a financially stretched former football club chairman account for almost a fifth of the money owed to investors in collapsed peer-to-peer lending platform Lendy, the Financial Times reported. The P2P platform, which had offered retail investors a 12 per cent return before it failed in May, extended £27m of loans to companies controlled by Stewart Day, the former chairman of Bury Football Club, that have since gone into administration, according to Companies House filings.