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Stressed asset investing: An alternative investment opportunity for HNIs
ARCs hold specialized expertise in asset valuation, negotiation, and legal procedures, crucial for navigating the complexities of a stressed asset landscape. Often perceived as a niche domain, the stressed assets market currently encompasses the acquisition and resolution of NPLs.
NCLAT rejects Authum plea on SREI; NARCL completes payments
The National Company Law Appellate Tribunal (NCLAT) has rejected Authum Investment & Infrastructure's appeal against the acquisition of the twin Srei non-banking financial companies by the National Asset Reconstruction Co Ltd (NARCL). This decision paves the way for a seamless takeover of the companies. The two-judge bench, consisting of NCLAT Chairman Ashok Bhushan and Barun Mitra, stated in a 42-page order that they found no errors in the NCLT's rejection of Authum Investment & Infrastructure's plan in August 2023.
CoinSwitch shares proof of reserve valued at Rs 1944.8 crore
The platform successfully undertook an independent review and on-chain validation, affirming that the company's total holdings of crypto and fiat assets (Indian Rupees) surpass those of its customers. The platform demonstrated a total holdings value of Rs 1944.8 crore, encompassing both crypto and fiat assets, while user holdings, comprising crypto and fiat, amounted to Rs 1431.30 crore.
CoinSwitch holds sufficient reserves to match customer investments: Independent firm confirms
INMACS obtained individual Indian fiat currency (INR) balances with banks, payment gateways, and crypto exchanges using snapshot of web-logins on the web-portal of these sources or banks, payment gateways, and crypto exchanges statements of account provided by CoinSwitch.
NARCL gets going with its first offer
NARCL has offered ₹228 crore for Mittal Corp debt held by public sector banks (PSBs) totalling ₹1,414.5 crore, people aware of the development said. This equates to a recovery of 16% for these lenders.
Hedge fund Elliott exited Twitter during Q2 amid takeover frenzy, filing shows
The filing on Monday, showed that Elliott no longer owned any common stock in Twitter on June 30. It had owned 10 million shares at the end of the first quarter.
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RBI proposes new category for bank investments
Debt instruments with fixed or determinable payments and fixed maturity with the intent of holding till maturity shall be classified under held to maturity (HTM). Non-SLR securities such as corporate bonds will henceforth not be permitted to be held in HTM.
CCI clears Groww's acquisition of Indiabulls Asset Management Company
The Competition Commission of India (CCI) on Thursday gave its approval for Nextbillion Technology Pvt Ltd's acquisition of Indiabulls Asset Management Company and Indiabulls Trustee Company.
TVS Motor to invest Rs 1,000 crore in electric vehicles, sets up a dedicated vertical
Sudarshan, a scion of the TVS Group, leads the new strategy for the company. He's being mentored by Ralf Speth, former CEO of Jaguar Land Rover, who was recently appointed as chairman of TVS Motor, and Kuok Meng Xiong, an investor in leading global ecommerce firms ByteDance, Palantir and Airbnb.
FPIs invest Rs 13,667 cr in Indian markets in June so far
Foreign portfolio investors (FPIs) pumped in a net Rs 13,667 crore so far in June as Indian markets continued to remain attractive to overseas investors. However, market experts noted that FPIs withdrew money from Indian equities this week. According to depositories data, FPIs invested Rs 15,312 crore in equities between June 1 and June 18.
Sebi revises investment manager eligibility norms for InvITs; allows fast-track rights issuance
Sebi has allowed a combined relevant experience of at least 30 years.
GDR manipulation: Sebi levies Rs 10.75 crore fine on Aksh Optifibre, its directors
Sebi noted that the company had issued 1.17 million GDRs worth $25 million in Sept 2010.
ED attaches over Rs 2,500-crore assets of Haryana-based SRS Group in connection with fraud case
SRS Group, as per information provided on its official website, is a diversified business house with a "strong presence" across multiple sectors that include gold and jewellery, commodities, cinemas, retail, hospitality, financial services, real estate, education and health care.
Market Now: Auto stocks on a roll; Maruti Suzuki climbs over 2%
The S&P BSE Auto was trading 1.18 per cent up at 25,375.22 around 10:18 AM on December 08.
Market Now: 15 stocks hit fresh 52-week high in today's trade
Overall, 42 shares were trading in green in Nifty50 index, while 8 were trading in red.
Market Now: RIL, Infosys, SBI among most active stocks in terms of value on NSE
Most active stocks in terms of value help investors to identify the stocks with highest trading turnover during the day.
Market Now: These 40 stocks scale fresh 52-week high despite cautious trade
In the Nifty 50 index, RIL, Tech Mahindra, HCL Tech and YES Bank were among the top gainers on NSE.
Market Now: Infosys, RIL, HDFC among most active stocks in terms of value
Most active stocks in terms of value help investors to identify the stocks with highest trading turnover during the day.
Market Now: RCom, Digjam among stocks that slipped over 5% in early trade
Benchmark equity indices BSE Sensex and NSE Nifty were trading in the red in early trade on Tuesday following global cues.
Fourteen stocks in focus on Thursday, 15 December 2016
Gitanjali Gems on Wednesday informed bourses that Nakshatra World, a wholly owned subsidiary of the company has decided to raise funds through an Initial Public Offer
SRS Group to invest Rs 200 crore in multiplex business
The screens, equipped with technology and innovation, will offer a customised theatre geometry and powerful digital sound system, the company said.
Size doesn’t matter! 20 smallcaps doubled investors' wealth in 1 year
Market data shows as many as 22 of the 320 constituents of the S&P BSE Smallcap index have doubled investor wealth over the past one year.
SRS Cinemas to open 100 screens in two years
SRS Cinemas plans to invest up to Rs 60 crore in opening 100 screens in the next two years and expand its footprint to southern and western India.
SRS Cinemas to expand in South, East India; eyes 100 screens
The company said it will invest around Rs 45 crore to Rs 60 crore to set up new properties with a special focus on tier II, II and IV cities in the southern market.
SRS Group plans to open around 300 pharmacies in next 5-7 years
SRS Group, which is foraying into the pharmacy segment, plans to open around 300 drug stores over the next three to five years in the country.
SRS Ltd to invest up to Rs 900 crore in 2 years for expansion
SRS Ltd, which reported a turnover of Rs 3,824.84 crore in the previous fiscal, has presence across various sectors.After SRSGrocery.com, SRS Group to open 3 more online portals
SRS Group is readying to expand its presence across the country. It plans to launch three more e-commerce portals for pharmacy, jewellery and food soon.
SRS Cinemas in expansion mode, celebrates spirit of womanhood
SRS Group is currently in an expansion mode for its multiplex chain, SRS Cinemas, and will invest about Rs10 crore to add more screens.Maytas Properties agrees to pay Rs 850 crore as settlement to SRS Investments, JM Financial
The land in Hyderabad, the only chunk for which Maytas Properties has development rights, is part of the 5,000-acre land bank owned by the Raju family.Load More
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