Assets

Liquidation of Jet Airways' assets may give creditors around Rs 1,000 crore

While the book value of all of Jet Airways assets may amount to around Rs 1,000 crore, 13 percent of the dues pending to financial creditors, of the airlines and 6.4 percent of the total admitted claims against the airline, auctioning the assets may fetch close to 50 percent of the total value of the assets.

Where are mutual fund investments coming from?

Gandhinagar, Dhanbad grew their AUM the fastest between March 2024 and March 2020

'Incorrect,' says LIC on report of insurer looking to raise $6-7 bn by selling land, buildings

LIC has put together an internal team to work out a sale plan for its real estate assets across the country which may start with Mumbai

Is an HUF structure a no-brainer for managing taxes and assets? Warts you should be aware of

In an era where joint families are no longer the norm and even in nuclear families couples prefer to keep finances separate, combining it in a HUF can lead to grief later on

Sarbananda Sonowal declares assets worth Rs 4.76 crore

His movable assets include 10,249 shares of Oil India Limited with a current market value of Rs 59,74,142, bank deposits of Rs 47,59,705, and other investments of Rs 37,00,025.

Shell seeks partners for renewable assets in India

The move is part of Shell CEO Wael Sawan’s plan to improve the British energy company’s performance and improve the returns of its assets.

Over $1.8 billion worth of assets recovered from economic offenders: Union Minister Jitendra Singh

Addressing an event at the Central Bureau of Investigation (CBI) headquarters here, he said there has been a quantum jump in extradition of criminals and fugitives in recent years, especially after India hosted the 90th Interpol General Assembly in October 2022.

Greenko Group firm agrees to buy assets of Nagarjuna Fertilizers for Rs 1,700 crore

This comes three months after Asset Care and Reconstruction Enterprise Ltd (ACRE), an asset reconstruction company, purchased NFCL's debt from the lenders and issued a demand notice under the provisions of the SARFAESI Act

Karnataka leads with most billionaire MLAs, Uttar Pradesh lags behind

The Association for Democratic Reforms (ADR) conducted an analysis of 719 MLAs belonging to the Congress party, revealing that 33 (5 percent) of them are billionaires. Similarly, out of the 1,356 MLAs affiliated with the BJP, 24 (2 percent) possess assets valued at more than 100 crores.

Stock market has 70% chance of crashing in a few years, says GMO co-founder Jeremy Grantham

In an interview with WealthTrack on July 1, the British investor said that stocks face a 70 percent risk of crashing in a few years, as there's a bubble forming in asset prices on the verge of implosion.

Green steel standoff lingers, Tata Steel to decide on UK assets in 2 years, says Narendran

In the worst-case scenario, if the UK government did not finance a green transition by the company, different assets would be closed as they reached end-of-life, said the steelmaker’s chief executive.

First Republic Bank rout; unable to shake depositor anxiety, shares plunge at opening bell

Shares slumped 26%, following an even more severe tumble Tuesday, after it revealed that depositors withdrew more than $100 billion last month after the collapse of Silicon Valley Bank and Signature Bank.

CBI files fresh case against ex-GAIL director ES Ranganathan in disproportionate assets case

Ranganathan, then director (marketing) at GAIL, was arrested in January last year in a case of alleged bribery of over Rs 50 lakh for giving discounts to private companies buying petrochemical products marketed by the Maharatna PSU, they said.

Gold slips over 1% as equities gain, investors assess banking risks

Spot gold was down 1.4% at $1,950.05 per ounce as of 1107 GMT. U.S. gold futures fell 1.6% to $1,951.20.

Rupee weakens as bank contagion fears drag risk assets

The rupee closed at 82.6350 per dollar, compared with its previous close of 82.5525.

Redefining asset classes using default risk is a robust approach

Modern Monetary Theory offers a useful framework for defining assets, physical or financial, by assessing their default risk

Amid pandemic, India's biopharma and diagnostic industry proved to be strategic assets: Mansukh Mandaviya

In his video address to the National Summit on Quality of Biologicals, organised here by the National Institute of Biologicals (NIB), the minister said biological drugs have emerged as a choice of therapy along with conventional chemical drugs.

Assets of foreign banks flourish in 2022

Assets of overseas banks like Citibank, JPMorgan Chase and Deutsche Bank increased after falling in the previous year, data with the Indian Banks Association show.

Delhi BJP councillors declare up to 300% jump in assets: ADR report

The ADR also mentions that out of the 84 re-contesting councillors, cumulative assets of 75 councillors have skyrocketed between 3 percent and 4437 percent, while assets of only 9 councillors have dropped between 2 percent and 76 percent

FTX says receiving interest from buyers for assets

Cryptocurrency exchange FTX said on Tuesday it was receiving interest from potential buyers for its assets and would conduct process to reorganize or sell them.

FTX seeks indemnity for unnamed individuals for steps taken to protect assets

Bankrupt cryptocurrency exchange FTX said on Tuesday it was seeking to indemnify unidentified individuals

Retail investors are playing the long term game : Vasanth Kamath, CEO, Smallcase 

Investors now have longer investing horizons leading to stronger portfolio retention, says Vasanth Kamath, CEO & Founder, Smallcase

The Tatas are planning a mother of mergers — the bane of Indian aviation

The Tatas’ aviation business is sitting on a chunk of assets that may be a challenge to streamline. At many airports across the country, the combined Tata group offering is bigger than IndiGo

Family feud: Kirloskar Brothers Ltd refutes charges of mis-utilising funds

The brothers have been in a feud over the deed of family settlement for the assets of the more than 130-year-old Kirloskar Group.