The asset quality of Banks have also improved, as per the apex bank report, with the gross non-performing assets (GNPA) ratio falling to its lowest in 13 years at 2.7 per cent at March-end 2024 and 2.5 per cent at September-end 2024.
Bengaluru (Karnataka) [India], December 17: Pai Machines, a newly established brand of Infra Bazaar Tech Pvt Ltd (IBTPL) that deals in advanced machinery manufacturing, has completed the asset purchase of the machinery works manufacturing facilities of L&T Construction Equipment Limited
According to the ED, the assets were sealed in a case involving a firm named Niharika Ventures and Developers, who allegedly defrauded innocent investors under the pretext of providing affordable residential land through their entity, Niharika Ventures.
The Directorate of Enforcement (ED) restituted assets worth Rs 4,025 crore to JSW, which was a Successful Resolution Applicant to the assets of erstwhile Bhushan Power and Steel Ltd under the Insolvency and Bankruptcy Code (IBC) corporate resolution process (CIRP).
India will assume the presidency of the Asset Recovery Interagency Network-Asia Pacific (ARIN-AP), a multi-agency network dedicated to tackling and recovery of the proceeds of crime, in 2026, as it has been included in its steering committee, the Enforcement Directorate said in a statement
The Asset Disposal Committee (ADC) marked a major step in providing relief to the victims of the Rose Valley Chit Fund scam as it began the first phase of refunds
Pakistan's National Accountability Bureau (NAB) filed a plea in an accountability court, requesting it to freeze the assets of Zulfi Bukhari, a close aide of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan, reported ARY News.
The shares of IndusInd bank surged more than 2.67 per cent after the bank received approval from the Reserve Bank of India (RBI) to establish a wholly-owned subsidiary for undertaking the asset management business of Mutual Funds, the bank informed the exchange in a filing.
The Assets Under Management (AUM) of equity mutual funds have surged by 5.37 per cent sequentially to Rs 25,12,845.59 crore in July 2024 from Rs 23,84,727.69 crore in June 2024, PL Wealth Management said in a statement.
Accusing the Bharat Rashtra Samithi (BRS) leaders of escorting crores of commission and indulging in a scam of around Rs 8,000 crore in awarding power project works, Telangana Chief Minister Revanth Reddy on Monday said that the BRS leaders are claiming they illuminated the state with abunda