FUNDS RECOVERY
Why has Kotak re-initiated inflows into smallcap fund? Harish Bihani explains There is FOMO in certain sectors and themes across caps and not only in smallcaps. Harish Bihani thinks there is scope for identifying ideas and deploying large sums of money in the smallcap category. The probability of any event specific to India d...
04 Jul, 2024, 03.31 PM ISTSri Lanka reaches deal on debt restructuring with bilateral creditors including India, China and France Sri Lankan President Ranil Wickremesinghe announced a debt restructuring deal with India, France, Japan, and China, a critical step in economic recovery after the 2022 debt default. Under an IMF bailout program, the agreement is expected to revive s...
27 Jun, 2024, 06.39 AM ISTNvidia, megacaps power strong Nasdaq recovery; Dow pulls back AI chip firm Nvidia soared 6%, recovering some of the steep losses it had notched in three consecutive declining sessions. At current levels, the stock is still 12% away from last week's record high. The Dow pulled back from a one-month high hit on ...
25 Jun, 2024, 11.29 PM IST- ADVERTISEMENT
Will prefer to focus on domestic sectors vs external facing sectors: Sunil Koul I mean there is obviously the broader structural kind of under penetration story behind it, but I think the sector had not done well in the last a couple of years because of these issues and both in terms of numbers but also in terms of the regulat...
22 Jun, 2024, 10.11 AM ISTARCs 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.
11 Jun, 2024, 08.10 AM ISTHigher property prices, changes in law to boost debt recovery from stressed realty projects: Report The recovery of debt from stressed residential realty projects is expected to increase in the current financial year due to rising property prices and regulatory changes. Crisil forecasts a bad loan recovery rate of 16-18% by FY25, driven by improve...
10 Jun, 2024, 03.48 PM ISTARCs 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.
10 Jun, 2024, 01.26 PM ISTMark Mobius turns bullish on Chinese stocks amid recent rally Mark Mobius turned bullish on Chinese equities, citing confidence in the recent rebound after advising investors to avoid them in April.
30 May, 2024, 03.38 PM ISTIMF upgrades China's 2024, 2025 GDP growth forecasts but warns of risks ahead "China's economic growth is projected to remain resilient at five percent in 2024 and slow to 4.5 percent in 2025," the IMF said in a press release, adding the decision was "driven by strong first-quarter GDP data and recent policy measures".
29 May, 2024, 12.23 PM ISTUK recovering faster than expected after slipping into technical recession: IMF The UK economy is approaching a soft landing, with a recovery in growth expected in 2024, strengthening in 2025, IMF said. Soft landing in economic parlance is managing inflation at comfortable levels without hurting economic growth.
27 May, 2024, 09.51 AM ISTIDBI 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.
27 May, 2024, 12.56 AM ISTWallet recovery firms buzz as locked-out crypto investors panic in bitcoin boom Losing access to a crypto wallet is a well-known problem. Investors forgetting their intricate passwords is a primary reason, but loss of access to two-factor authentication devices, unexpected shutdowns of cryptocurrency exchanges and cyberattacks...
16 May, 2024, 12.21 PM ISTAsia stocks brace for US inflation test, China data Beijing has already reported a welcome pickup in inflation to an annual 0.3% in April, helping to soothe worries about a slide into prolonged deflation. Forecasts favour further gains in April retail sales and industrial output due on Friday.
13 May, 2024, 07.57 AM ISTPaytm shares plummet 5%, hit all-time low as lending partners invoke loan guarantees Paytm Share Price: Paytm shares plummeted to an all-time low after Aditya Birla Finance invoked loan guarantees due to repayment defaults. Other partners like Piramal Finance and Clix Capital have also terminated their partnerships, reflecting stres...
08 May, 2024, 04.06 PM ISTBuy industrials on dips; top 2 bets in two-wheeler space: Deven Choksey Deven Choksey highlights the importance of market corrections for safe investments. He advises on potential buy opportunities in companies like Tata Technology, Reliance, Tata Power during corrections for better returns.
08 May, 2024, 09.53 AM ISTAditya Birla Finance, others may have invoked Paytm’s loan guarantees Aditya Birla Finance invoked loan guarantees from Paytm due to defaults. Partnership stress with other lenders. Paytm's lending business faces challenges post central bank's ban. Changes in top management. Reduced consumer loan portfolio to less tha...
08 May, 2024, 08.55 AM ISTIndian Bank aims to make over Rs 1 lakh crore digital transactions: MD & CEO Shanti Lal Jain Indian Bank on Monday reported a 55 per cent jump in its net profit to Rs 2,247 crore for the January-March 2024 quarter as compared to a net profit of Rs 1,447 crore made last year.
07 May, 2024, 07.38 PM ISTNo green shoot of recovery in FMCG space; valuation a challenge in capital goods and manufacturing space: Rahul Singh Rahul Singh from Tata Mutual Fund evaluates the impact of US rate cuts, India rate cut consensus, inflation rate matrix, real estate demand, monsoon correlation, rural economy recovery, and valuation challenges in manufacturing sector. Singh says: "...
16 Apr, 2024, 04.01 PM ISTScrap the 'wilful defaulter' tag: Indian banks' transformation from cheque cashing to digital dash, but with a laggard Many laws governing the banking industry have also evolved to accommodate rapid changes that are driving innovation at breakneck speed. However, some attitudes among bankers and regulators have lagged behind, and don't reflect the digital age. One s...
02 Apr, 2024, 04.11 PM ISTSam Bankman-Fried urges lenient sentence, citing FTX fund recovery Bankman-Fried pleaded not guilty and is expected to appeal his conviction and sentence. He acknowledged making mistakes running FTX, but testified at trial that he never intended to steal customer funds.
28 Feb, 2024, 04.56 PM IST