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ASSET RECONSTRUCTION COMPANIES
IPO Buzz: Over a dozen firms, including Zepto set for debut next monthNext month is set to see a flurry of IPO activity as over a dozen companies plan to launch their share offerings. Collectively, these IPOs ...
RBI proposes stricter data governance framework for banks, NBFCs; seeks feedback by Aug 17The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financia...
Mumbai Metro One restructures debt with NARCL, avoids insolvencyMumbai Metro One Private Limited has successfully restructured its debt, avoiding insolvency. The company signed a Master Restructuring Agr...
ARC consolidation: Govt weighs ASREC merger with NARCLThe government is considering a merger of ASREC Asset Reconstruction Company with NARCL to enhance the functionality of state-sponsored bad...
Vatika Hotels refinance Rs 550 crore debt with KotakVatika Hotels has refinanced Rs 550 crore debt with Kotak Mahindra Bank. This move marks the exit of India Special Assets Fund III from the...
Apple’s new Creator Studio brings AI video editing, image generation, and Logic Pro upgradesApple has launched Creator Studio, a new subscription bundling professional creative apps like Final Cut Pro and Logic Pro, with a strong e...
SREI Finance withdraws plea against Nirmal Lifestyle Mulund’s revival plan at appellate tribunalA key creditor has withdrawn its appeal against Nirmal Lifestyle's resolution plan after the buyer, Mantra Properties, clarified a disputed...
NARCL makes fifth exit with Rs 575 crore recoveryAgson Global, a manufacturer of aroma ingredients, was admitted to insolvency proceedings by the National Company Law Tribunal following a ...
Iran deal includes $300 billion fund, more than half of which already committed, source saysA significant $300 billion private investment fund is part of a U.S.-Iran framework agreement. More than half of this amount is already com...
ED searches at 17 locations in corporate insolvency process caseThe Enforcement Directorate has launched a money laundering probe, conducting searches across 17 locations in Maharashtra and Delhi. The in...
Trump terms $300 billion fund to rebuild Iran as 'fake news'US President Donald Trump has dismissed claims of Washington paying Iran a massive sum. Reports suggested a $300 billion fund for investmen...
Former SBI Capital Markets chief Arun Mehta named Edelweiss ARC CEOEdelweiss Asset Reconstruction Company is thrilled to announce Arun Mehta's appointment as CEO, following an extensive search process by Ko...
PIL in Supreme Court alleges Rs 1,500 cr banking fraud, seeks court-monitored probeA PIL has been filed in the Supreme Court. It seeks a court-monitored investigation into alleged banking frauds. The case involves asset re...
Retail loan stress is the new growth driver for ARCsDuring 2025-26, ARCs acquired stressed debt worth more than Rs 2 lakh cr, comprising Rs 1.5 lakh cr of corporate loans and Rs 50,000 cr of ...
NCLAT offers Supreme Housing & Hospitality final chance to settle Canara duesSupreme Housing promoters have a final opportunity to settle their debt with Canara Bank. The National Company Law Appellate Tribunal has o...
Finance Ministry to review PSBs performance today, Secretary Nagaraju will chair high-level meetThe Department of Financial Services is holding a major meeting with Public Sector Banks today. The focus is on strengthening digital banki...
NARCL retains guarantees of Jaypee ex-promoters to boost recovery of duesNARCL has already filed applications linked to both the corporate guarantee of Jaiprakash Power Ventures and personal guarantees of chairma...