Intense Israeli airstrikes in southern Lebanon killed at least 16, including children, despite reports of a ceasefire. This escalation jeop...

A preliminary deal to end the Middle East war has been signed by the US and Iran. This agreement extends a ceasefire and reopens the Strait...

Iran and the United States have reached an agreement to end nearly four months of war, paving the way for detailed negotiations on the Isla...

Edelweiss Asset Reconstruction Company is thrilled to announce Arun Mehta's appointment as CEO, following an extensive search process by Ko...

A PIL has been filed in the Supreme Court. It seeks a court-monitored investigation into alleged banking frauds. The case involves asset re...

Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...

The Insolvency and Bankruptcy Code has helped creditors recover over Rs 4 lakh crore rupees. The Code has revived many distressed companies...

Indian equity investors, frustrated by stagnant returns, are urged by Sandeep Neema of PL Asset Management to distinguish weak sentiment fr...

Market expert Sunil Subramaniam advised caution amid geopolitical uncertainty and rising input costs, while favouring consumer durables, ca...

The company entered corporate insolvency resolution process (CIRP) in July 2023 on a plea by Beacon Trusteeship Ltd. It has two secured cre...

The Supreme Court is pushing for a resolution for 22,000 Unitech homebuyers. The court wants suggestions from the new board, banks, and fin...

Omkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...

The proposed AMC will work on a fee-based model. It will collate bad debt across banks and reach out to institutional investors, including ...

Last year, banks put up over Rs 75,000 crore on the block and managed to sell Rs 20,580 crore worth of assets only, data from the industry ...

Edelweiss and IARC are planning to raise Rs 500 crore and Rs 300 crore, respectively, to capitalise their asset reconstruction funds.

A government-appointed advisory group on asset reconstruction firms has favoured $20 billion limit for investments by foreign institutional...

Small Industries Development Bank of India to set up asset reconstruction firm for SMEs in the next 6-9 months.