VIDEOCON LOAN CASE
Deutsche Bank boosts loans to cash-strapped tycoons in India
The NBFC crisis is creating new prospects for Deutsche Bank. Goldman Sach has been another beneficiary.
Videocon dues may jack up Airtel's AGR bill
Bharti Airtel's adjusted gross revenue (AGR) bill is set to increase, with the Department of Tele...
Unilever, 3M on list of firms eligible for China loans to ease coronavirus crisis
Some lenders in the city have each received a list of firms...
Include Videocon foreign arms in insolvency process: NCLT
This is the first case of overseas incorporated arms being brought under the ambit of local insolvency laws.
Delhi court dismisses bail plea of ex-Fortis Healthcare promoter Malvinder Singh in RFL case
The EOW registered an FIR in March last year after it received a complaint from RFL's Manpreet Suri against Shivinder, Godhwani and others, alleging that loans were taken by them while managing the firm but the money was invested in other companies.
New tax regime allows deduction of interest on home loan on rental property
In the new tax regime, there is good news for individuals who have rented out their house property. Such individual taxpayers can avail the deduction on interest paid on housing loan. However, one should be careful while claiming this deduction.
Allow one-time restructuring of real estate loans to complete stuck projects: Keki Mistry, HDFC
If loan restructuring is allowed, then new lenders will come and provide funding for a project with proper diligence, proper safeguards while ring-fencing the money. If that is done, then these projects can get completed and home buyers can get their apartments, says Keki Mistry, CEO, HDFC.
Stocks inch higher as new coronavirus cases fall
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.31 per cent.
Government may look at division of shares for retail push
The tyre maker’s shares with a face value of Rs 10 closed at Rs 71,730 on the BSE on Friday.
Anil Ambani fully involved in company operations, says UK Court
“It is clear that Ambani is not a titular chairman and is involved in running the company," a UK Court said.
Lakshmi Vilas Bank Q3 loss narrows to Rs 334 crore; provisions fall
Total income fell sharply to Rs 585.77 crore compared with Rs 762.48 crore a year ago.
Bad loans of public sector banks fall to Rs 7.27 lakh crore at end of Sept 2019: Nirmala Sitharaman
"The government has instituted comprehensive reforms in PSBs to improve, governance, underwriting, monitoring and recovery, and has leveraged technology in all aspects of banking, resulting in reduction in their NPAs," Sitharaman said in written reply to a question in the Lok Sabha.
Not many NBFCs may use Sarfaesi Act to recover loan
Many NBFCs were unable to dispose of immovable property of defaulter borrowers fast enough even after filing the case under Sarfaesi and receiving a favourable outcome because it typically takes long time to get permission from the revenue department to auction or otherwise sell the collateral, Chakravarti claimed.
RBI asks PNB to harmonise provisions for bad loans with OBC & UBI
In late August finance minister Nirmala Sitharaman announced the amalgamation of 10 public sector banks into four big banks. As part of this plan PNB is supposed to acquire OBC and UBI which would create the country’s second largest bank – both in terms of business and branch network.
Ex-billionaire Anil Ambani pleads poverty in $680 million loan fight
Anil Ambani has seen his fortune dwindle over recent years, losing his billionaire status.
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