Page 2 - Assets

Gold tops euro as 2nd-largest reserve asset: What it means globally

Gold has overtaken the euro to become the world's second-biggest reserve asset as central banks continue to buy amid global uncertainty

Refineries to banks: Here are the sectors that topped investments in FY25

In FY25, sectors like refineries, telecom services, and iron and steel led capital investments in India

Sundaram Finance plans to raise over Rs 6K cr in current FY to drive growth

Sundaram Home Finance has unveiled plans to raise over Rs 6,000 crore to accelerate its growth during the current financial year. The funds proposed to be raised would be through a mix of refinance from NHB, bank debt, debentures and fixed deposits, an official said. Sundaram Home Finance reported a 26 per cent rise in its net profit for the January-March 2025 quarter to Rs 71.57 crore from Rs 56.80 crore registered in the corresponding quarter of last financial year. Disbursements made during the quarter under review stood at Rs 1,929 crore as against Rs 1,469 crore registered in the corresponding quarter of last financial year. The Assets Under Management during the financial year ending March 31, 2025 went up to Rs 17,470 crore from Rs 13,812 crore registered in the year ago period. On the outlook for the financial year, the city-headquartered company's MD D Lakshminarayanan said, "The emergence of small towns as an economic growth drive is throwing up a lot of new growth ...

How to navigate a market when both equity returns and FDs are declining

Exposure to gold and longer-duration debt, and purchasing equity funds systematically as valuations soften can help investors navigate this phase

ED attaches ₹6.17 crore properties linked to Kalpataru Group companies

According to an official statement, all the immovable properties are in the form of residential/commercial land and are situated at Mathura in Uttar Pradesh

Ukraine's allies consider seizing Russia's frozen assets worth $300 billion

With US support for Ukraine in doubt, Kyiv's European allies are weighing whether to seize USD 300 billion in frozen Russian assets and use the money to compensate Ukraine, support its military and help rebuild shattered homes and towns. For now, the assets are still on ice, with opponents of seizure warning that the move could violate international law and destabilize financial markets. Here are key things to know about the debate surrounding the Kremlin assets that were frozen shortly after Russia's full-scale invasion in early 2022: What are the assets and where are they? Originally, the money was in short-term government bonds held as reserves for the Russian central bank. By now, most of the bonds have have matured and turned into cash piling up in custodian banks. Some 210 billion euros are in European Union member states, with the biggest chunk, some 183 billion euros, at Euroclear, a Belgian clearinghouse for financial transactions. Other amounts are at financial institutio

BSNL, MTNL raise Rs 12,984 crore from asset monetisation since 2019

State-owned telecom firms BSNL and MTNL have earned a total of Rs 12,984.86 crore from monetisation of land, buildings, tower and fibre since 2019, Parliament was informed on Wednesday. According to data shared by Minister of State for Communications Pemmasani Chandra Sekhar in Lok Sabha, BSNL has earned Rs 2,387.82 crore and MTNL Rs 2,134.61 crore up to January 2025 from monetisation of lands and buildings. "BSNL and MTNL are monetising only those land and building assets which are not required for their own use in the foreseeable future and for which it has the rights to transfer the ownership," Sekhar said in a written reply. BSNL has earned Rs 8,204.18 crore and MTNL Rs 258.25 crore from monetisation of close assets comprising tower and fibre up to January 2025, as per the reply. "Monetisation of assets are being done as per approved policy of the Government and its impact on the PSUs are being monitored closely," Sekhar said.

Microfinance firm CreditAccess says asset quality, overdue loans moderating

Company expresses concern about business growth in Karnataka where it has its headquarters

Carlyle Group hunts for wealth assets in India amid rising competition

The New-York based firm that counts PNB Housing Finance Ltd. and Yes Bank Ltd. in its India portfolio, is keen to acquire wealth and asset management companies

'Risk appetite for microfinance portfolios among ARCs not that high'

In acquisition, we are almost there. And in terms of recovery, if I take the target up to December, we have achieved it, said Pallav Mohapatra, MD & CEO of Asset Reconstruction Company

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