Assets

Axis Bank's Q3FY25 results: Net profit rises 4% to Rs 6,034 crore

Gross non-performing assets (NPAs) stood at 1.46 per cent at the end of the December quarter, and net NPAs stood at 0.35 per cent

US to return $52.8 mn in seized assets of Nigeria's former oil minister

The United States announced Friday that it would be returning USD 52.88 million in seized assets to Nigeria as part of a yearslong corruption probe against former oil minister Diezani Alison-Madueke and associates, according to a joint statement by Nigeria's minister of justice and the United States government. It marks the first repatriation of assets linked to Alison-Madueke, who served as Nigeria's oil minister from 2010 to 2015. She rose to prominence as a powerful figure under former President Goodluck Jonathan, and became the first female president of the oil alliance OPEC. The seized assets, including a superyacht and prime real estate in New York and California, were confiscated in 2023 by US authorities during Alison-Madueke's trial. Of the repatriated funds, USD 50 million will be allocated to rural electrification programmes in Nigeria, while the remaining USD 2.88 million will be disbursed as a grant by the African country to the International Institute for Justice to ..

IBBI mandates eBKray auction platform for selling assets under liquidation

The Insolvency and Bankruptcy Board of India (IBBI) has mandated the exclusive use of the eBKray auction platform to sell assets under the liquidation process from April 1. The eBKray (now known as Bank Asset Auction Network) is a property listing and e-auction platform designed for banks and lending institutions, addressing recovery of non-performing asset (NPA) loans through efficient property auctions. "The IPs were directed that they shall exclusively list the details of all the unsold assets in respect of the ongoing liquidation processes on the eBKray platform and that they may utilise the eBKray auction platform for the sale of assets in respect of ongoing cases for auctions," the regulator said in a circular on Friday. IBBI directed the IPs (insolvency professionals) to list unsold assets from ongoing liquidation cases for auction on the eBKray platform by March 31. Further, the board emphasised that all auctions for such assets would be conducted exclusively through the ..

American exceptionalism: US earnings growth to outpace global counterparts

The US today accounts for about 67 per cent of the MSCI World equity indices, meaning that corporate America is worth more than twice all other markets combined

NBFC's asset growth to sharply decline to 15-17% in FY 2025, 2026

Asset quality concerns, slowing of bank funding to temper pace

Sun Life profit beats expectations in Q3 profits on strength in Canada, US

Assets under management jumped 13% to C$1.52 trillion from a year earlier

Maharashtra Assembly polls: CM Shinde's income plummets 50% but assets rise

Despite the dip in income, the total assets held by Maharashtra CM Eknath Shinde and his wife experienced substantial growth, rising from Rs 11.56 crore in 2019 to Rs 37.68 crore in 2023-24

Real estate remains most preferred asset class for investment: Report

According to a survey by FICCI and Anarock, 59% of respondents across 14 cities favoured real estate as the most preferred asset class

Kotak Mahindra Bank Q2 results: Consolidated PAT up 13% to Rs 5,044 crore

Other income or non-interest income went up to Rs 2,684.19 crore from Rs 2,314.53 crore. Fees and services for Q2FY25 increased to Rs 2,312 crore, up 14 per cent

Nomura sees robust growth ahead for domestic asset management cos

Forecasts industry AUM to grow at 18% CAGR between FY24 and FY30

Mamaearth parent Honasa clarifies it has no assets in UAE, no attachment

Honasa Consumer Ltd, which owns Mamaearth, brand, on Saturday said there will be no attachment of its assets in the UAE as it has no assets there, although a court in Dubai has ordered such an action in its ongoing litigation with RSM General Trading LLC over termination of distributorship. The company, which also owns The Derma Co and Aqualogica brands, had on Friday said a court in Dubai has ordered attachment of its assets in the UAE but refused to cancel the trading licence of Honasa Consumer General Trading LLC. In a filing on Saturday, the company said,"... there shall be no attachment of the company assets, as the company has no assets located in the UAE." Honasa Consumer General Trading LLC, a subsidiary of Honasa Consumer Ltd has been exempted from this order, it added. RSM General Trading LLC (RSM) and Honasa Consumer Ltd (Honasa) had filed grievance statements against the precautionary attachment order passed by Court of Merits at Dubai, the UAE on June 6, 2024. The Dub

KKR's Agrawal calls industrial infra 'next big thing' in asset class

Data centers and logistics have been big plays for alternative asset managers in real estate and infrastructure as they look to capitalize on long-term trends

Long-term projects should be funded through debt market: Sanjiv Bajaj

Banks are ill suited to fund long term projects as there is a mismatch between assets and liabilities, he said

Bank fraud: ED attaches Rs 678 cr worth land assets of Avantha Group

Land assets worth more than Rs 678 crore of the Avantha Group have been attached under the anti-money laundering law as part of an alleged bank loan fraud linked probe, the Enforcement Directorate said Thursday. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach the properties located in Haryana, Maharashtra and Uttarakhand. The assets belong to various group companies of Avantha Group, "owned and controlled" by businessman Gautam Thapar. "On 19.08.2019, CG Power and Industrial Solutions Ltd had made disclosure under Regulation 30 of the SEBI (listing obligations and disclosure requirements) Regulations, 2015 to Bombay Stock Exchange and National Stock Exchange regarding findings which had potential implications on the financial position of the company. "The disclosure made by CG Power and Industrial Solutions Ltd. revealed that assets and liabilities of the company have been understated considerably," the ED said in a statement. It w

Govt monetises Rs 1.56 trn assets in FY24, falls short of Rs 1.8 trn target

The government monetised assets worth Rs 1.56 lakh crore under the National Monetisation Pipeline (NMP) in 2023-24, lower than the target of Rs 1.8 lakh crore, an official statement said on Wednesday. Under the NMP, the aggregate monetisation potential of the central government's brownfield infrastructure assets has been estimated at Rs 6 lakh crore over a four-year period, from FY22 to FY25. According to the statement, the total target for the first two years -- 2021-22 and 2022-23 -- under NMP was around Rs 2.5 lakh crore, against which around Rs 2.30 lakh crore was achieved. "During the financial year 2023-24, against the target of Rs 1.8 lakh crore, which is the highest among all the four years, the achievement has been around Rs 1.56 lakh crore," it said. Further, this achievement in 2023-24 is around 159 per cent of 2021-22, the statement added. The ministries of road transport and highways monetised assets worth Rs 40,314 crore in FY24, while the amounts for coal ministry w

'Most JP Morgan index clients to invest directly in Indian govt bonds'

India's inclusion in global bond indices was discussed for nearly a decade before the inclusion in the widely tracked JP Morgan index was finally announced last September

Insurers to invest more in private credit market: Moody's Ratings report

In a survey this week of the world's largest insurers, Moody's found that nearly 80% of respondents planned to increase their holdings in at least one class of private credit

360 ONE Asset bets big on health care, technology, and financial services

Nath said its secondaries fund is India's first which is addressing a massive, untapped market, building on a strong relevant track record

Asset famine in China limits central bank's bond trading ambitions

People's Bank of China (PBOC) pledged recently to add treasury bond buying and selling to its toolkit, to improve an increasingly flawed monetary policy transmission mechanism

Battleground 2024: PM Modi's assets saw smaller uptick in second term

The growth rate is also lower than has previously been seen during his tenure as Gujarat CM