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NCLT questions haircut taken by Videocon Industries creditors

New Delhi, June 15 -- The Mumbai bench of the National Company Law Tribunal (NCLT) has questioned the haircut that creditors have to take in the Videocon Industries Ltd's (VIL) resolution plan. The re... Read More


NCLT questions Vedanta's bid value for Videocon; firm to delist as part of resolution

Mumbai, June 15 -- The Mumbai bench of the National Company Law Tribunal has expressed surprise at the haircut that creditors have to take in the Videocon Industries Ltd's resolution plan. In the orde... Read More


RBI partially devolves 10 year G-sec at weekly auction

Mumbai, June 12 -- The Reserve Bank of India on Friday rejected bids worth Rs.9975 crore of 10-year bonds at the weekly government auction, with an aim to maintain yields at 6%. This is the second ins... Read More


We expect to see 15% gold loan growth or more in current fiscal

MUMBAI, June 11 -- Kerala-based gold loan company Muthoot Finance has seen a sharp improvement in its asset quality in the fourth quarter of FY21, and is expecting a turnaround in business from the se... Read More


Piramal gets NCLT's nod to acquire DHFL

MUMBAI, June 11 -- Piramal Capital and Housing Finance Ltd on Monday, 7 June, received a bankruptcy court's approval to acquire Dewan Housing Finance Corp. Ltd (DHFL) for '37,250 crore, but with a few... Read More


RBI expands bonds purchase programme

MUMBAI, June 11 -- The Reserve Bank of India (RBI) on 4 June expanded its bonds purchase programme and kept key policy rates at a record low to support economic recovery, even as it downgraded its eco... Read More


Yes Bank board approved fund raising of Rs10,000 cr by issue of debt securities

New Delhi, June 10 -- Yes bank on Thursday said that the board has approved the raising of funds worth Rs.10,000 crore by issue of debt securities. "In its meeting held on June 10 have, inter alia, c... Read More


RBI asks banks not to destory CCTV footage from demonetisation period

New Delhi, June 8 -- The Reserve Bank of India on Tuesday directed banks to preserve the CCTV recordings of operations at bank branches and currency chests for the period from 8 November to 30 Decembe... Read More


NCLT allows billionaire Anil Agarwal to take over Videocon

New Delhi, June 8 -- The Mumbai bench of National Company Law Tribunal on Tuesday approved the resolution plan submitted by Anil Agarwal owned firm Twin Star Technologies for the acquisition of Videoc... Read More


Recovery from IBC cases at 24% in FY21

Mumbai, June 8 -- Recovery from all insolvency and bankruptcy cases, excluding the top nine cases referred by the Reserve Bank of India, stood at 24% as of March 2021. In a research report, Macquarie ... Read More