ARCS
Acre ARC sells Nagarjuna Fertilizers and Chemicals debt to AM Green for ₹1,685 cr
Nagarjuna Fertilizers has successfully cleared its massive debt, positioning itself for a potential merger with AM Green to optimize brand and distribution synergies. The unresolved sale issues of its plant and business loom large, impacting the transfer of government subsidies.
Demon Slayer Infinity Castle Arc film trilogy confirmed. Release date, plot and other details
Nezuko, Hiro Shimono, and Yoshitsugu Matsuoka join Tanjiro in the epic battle against Muzan, with Crunchyroll announcing the thrilling Infinity Castle Arc film trilogy for fans of Demon Slayer.
Demon Slayer Infinity Castle Arc movies to release in India, claims report
The Infinity Castle Arc culminates in a battle against the demon king Muzan Kibutsuji. The upcoming anime movies will bring the successful Demon Slayer series to a close with the release of an epic trilogy, generating excitement among fans.
Demon Slayer: Kimetsu no Yaiba Infinity Castle: Everything we know so far
Crunchyroll has acquired the rights to release "Demon Slayer: Kimetsu no Yaiba Infinity Castle" as a theatrical trilogy. The final arc of the series will be distributed globally by Crunchyroll and Sony Pictures Entertainment, except in some Asian territories and Japan.
One Flew Over the Faux Coup's Next
When a leader fakes a coup against himself, you gotta respect his desperation
Military flees Bolivia government palace after coup attempt fails, general taken into custody
Armored vehicles stormed Bolivia's government palace in an attempted coup, but President Luis Arce stood firm, naming a new army commander who ordered troops to stand down. The soldiers retreated as hundreds of Arce's supporters rallied. General Juan Jose Zuniga, arrested later, claimed Arce orchestrated the move to boost his popularity, which Arce has not commented on. The incident comes amid economic hardship and political tension, with even Arce's rivals condemning the uprising. Regional leaders and former Bolivian officials expressed outrage at the coup attempt.
One Piece Episode 1110: See release date, time, where to watch and what to expect
One Piece Episode 1110 is set to release on June 29, continuing the action-packed Egghead Arc. Viewers can stream the episode on Crunchyroll and Netflix. The episode will explore ongoing battles and new plot developments involving the Red Hair Pirates.
Essel Group company Shirpur Gold admitted for insolvency
To secure a ₹65-crore loan, SGRL had given an undertaking to Industrial Finance Corporation of India (IFCI) that it would maintain its own excess shares besides those of Zee Media, Zee Entertainment (both promoted by Essel Group) and Dish TV India (which is under Chandra's younger brother) to the extent of ₹32.50 crore. The outstanding dues include a principal amount of ₹65 crore along with accumulated interest of ₹27 crore up to October 14, 2021.
Northern Arc Capital raises $75 million debt from Dutch lender FMO
The funds raised will be deployed in retail micro-loans, MSME loans, and green loans, the statement said, adding that this will also help in the wish to fostering inclusive economic growth and environmental sustainability.
Northern Arc Capital raises $75 million from Dutch development bank
A non-bank lender with Rs 10,081 crore in assets plans to deploy funds from newly issued five-year non-convertible debentures to expand retail microloans, SME loans, and green projects. Managing Director Ashish Mehrotra aims to stimulate sustainable economic growth and financial inclusion through these initiatives, supported by impact investor FMO.
One Piece: What is the next arc and when will it arrive on Netflix? Details here
The Fishman Island Arc of One Piece will be available on Netflix starting July 1, 2024. This addition increases the total number of One Piece episodes on Netflix to over 500. Fans can continue their journey with the Straw Hat Pirates as the series expands its offering.
Polls and weather take a toll on smartphone sales in June quarter
The smartphone market in the June quarter is likely to be tepid due to the impact of elections, heatwaves, and floods, leading some market experts to lower their growth outlook for 2024 smartphone shipments. Analysts expect a slowdown in Q2 shipments compared to Q1 due to fewer launches and adverse weather conditions. Counterpoint Research forecasts a 3-5% decline in Q2 shipments, with a revised annual forecast of 152 million units, reflecting a 3% year-on-year growth, down from the initial 5% growth prediction.
Bad loan restructuring emerges to be a better option for ARCs
In FY24, asset reconstruction companies saw a shift towards prioritising loan restructuring over asset sales, focusing on value maximisation and revival potential. This strategic change reflects the evolving role of ARCs in the resolution of bad loans, as they adapt to new credit loss provisioning standards and offer more flexible repayment options.
RBI declines to extend Bansal third tenure at Edelweiss ARC as MD & CEO
The Reserve Bank of India has declined the reappointment of RK Bansal as MD and CEO of Edelweiss Asset Reconstruction (ARC), citing regulatory lapses and allegations of loan evergreening. This decision follows a recent ban on Edelweiss ARC and its subsidiary, ECL Finance, from acquiring new stressed loans and undertaking new businesses.
ARCs to see recoveries improve from stressed residential projects
ARC expected to see 5-7% increase in recovery rates of stressed residential projects. Recovery rates to reach 16-18% by March 2025 due to rising prices, demand, and investor interests.
ARCs to see 5-7% higher recoveries from residential realty in FY25: CRISIL Ratings
Additionally, recent amendments to the Insolvency and Bankruptcy Board of India (IBBI) regulations are expected to expedite the resolution of stressed real estate assets in the medium term, enhancing the overall recovery process for ARCs.
RInfra to raise $350 mn via overseas bonds
Reliance Infrastructure plans to raise $350 million through FCCBs to repay debt and start electric power generation businesses.
My Hero Academia Chapter 424 release date: When will manga end?
"My Hero Academia" Chapter 424 release date is almost here but will this end the manga? The question arose after "My Hero Academia" Chapter 423 marked the conclusion of the Final War Arc.
IDBI SASF gets 18 offers for bad loans
IDBI Bank's Stressed Assets Stabilisation Fund (SASF) aims to recover 11.59% by selling non-performing loans worth ₹6,151 crore.
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