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About 14 results for "reconstruction of financial assets"

Mallya assets freeze order in UK courts until April 2018

Vijay Mallya, who is undergoing an extradition trial in a UK court over Rs 9,000-crore fraud and money laundering charges, will face next year a parallel litigation brought by 13 Indian banks to freeze nearly USD 1.5 billion of his assets. According to court ... Deccan Herald, 1 day ago

JM Financial gets NHB nod for home finance arm

Financial services player JM Financial has got the regulatory approval to launch a housing finance subsidiary."JM Financial Home Loans, a step-down subsidiary of JM Financial, has received certificate of registration from the National Housing Bank for ...
 Business Standard3 weeks ago JM Financial sees 27% jump in Q2 net at Rs 145.84 crore  Business Standard1 month ago
Rediff.com

How Piramal Group plans to spread its wings

Piramal will join the JSW, Vedanta and Tata groups, which are bidding aggressively for distressed assets, especially in the infrastructure and steel sectors. The cash-rich Piramal Group is in the race to buy controlling stakes in Binani Cement and Electrosteel Steels after their lenders asked India’s top conglomerates to bid for distressed assets that have been referred to the National Company Law Tribunal (NCLT) following default on bank loans.   The distressed asset fund of the ...
 Rediff.com1 month ago

Russia moves to save Promsvyazbank in third bailout this year

By Tatiana Voronova and Jack Stubbs MOSCOW (Reuters) - Russia has stepped in to rescue Promsvyazbank, the country's 10th largest private lender, its central bank said on Friday, the third in a series of costly financial bailouts this year. Promsvyazbank (PSB) ...
 Sify6 hours ago

Nodal officer

The State Government has nominated Commissioner of Taxes, Manipur, as the Nodal Officer of Manipur, to identify the relevant registries and authorities offices responsible for recovery of taxes other dues and issues of property attachment orders under ...
 E Pao!2 days ago

Weak Global Markets; Falling Oil Prices; ONGC, Vedanta & Other Cues to Sway the Market Today

Posted by Equitymaster Indian share markets �continued to witness selling pressure in yesterday's trading session as trade deficit widened to an almost 3-year high. The sentiments also remained subdued due to disappointing quarterly earnings and weak ...
 Equitymaster.com4 weeks ago Sensex Trades on a Volatile Note; Capital Goods Stocks Top Gainers  Equitymaster.com4 weeks ago
Sify

MARG Group Chairman GRK Reddy arrested for cheating

The Chairman and Managing Director of MARG Group, GRK Reddy, was arrested on Wednesday by the Chennai police following a complaint by one of the many customers, who had booked flats in the group's delayed real-estate projects. Many of MARG's real-estate ...
 Sify1 month ago
Mathrubhumi

Banks must inform customers on closure of insurance schemes: NCDRC

New Delhi: Banks are bound to inform its customers through personal notice before discontinuing any insurance policy provided as a cover for loans granted, the apex consumer commission has said. The National Consumer Disputes Redressal Commission (NCDRC) has ...
 Mathrubhumi1 month ago
Rediff.com

Why banks are uncomfortable with bankruptcy code

Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues Are banks getting boxed in after the introduction of the Bankruptcy Code? Some signals seem to be pointing that way. Not only are they looking at prospects of steep haircuts (write-offs) on their loans, the Code would also mean banks losing their business to the bond market.   The Code is also upsetting the traditional rules of the games, where banks sold the ...
 Rediff.com2 months ago

Japan Post share sale raises $11 billion, but demand weaker than for IPO

By Taiga Uranaka TOKYO (Reuters) - A government sale of Japan Post Holdings Co stock raised $11 billion in the world's second-biggest share sale this year, with the postal and financial giant's attractive dividend yield helping drum up sufficient, albeit ...
 Sify2 months ago
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