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Creditors’ recovery from defaulters under the Insolvency and Bankruptcy Code (IBC) dropped to almost 26% of their admitted claims in the December quarter from 33% in the previous three months, showed the latest data compiled by the insolvency regulator. The realisation in the December quarter—Rs 4,281 crore from 79 firms—seems to have been hit by long delays in resolution. About two dozen of these rescued firms saw the resolution processes stretching beyond four years, well beyond the stipulated time frame of 270 days, suggesting erosion of the stressed asset value. The recovery, however, was 74.7% of the fair value of the stressed companies when they were admitted for resolution and 128.6% of the liquidation value of these companies, according to the Insolvency and Bankruptcy Board of India data.

₹425 per share, 181.5% higher than the issue price of ₹151. On BSE, Vibhor Steel Tubes share price today was listed at ₹421 apiece, down 178.81% than the issue price.

₹1,280 against the previous close of ₹1,331.20 and soon fell 4.7 per cent to hit the low of ₹1,268. Around 9:30 am, the stock traded 2.73 per cent lower at ₹1,294.90 on NSE. Whirlpool of India's promoter, Whirlpool Mauritius Ltd, will sell a 24 per cent stake worth $451 million ( ₹3,745 crore) in the company through a block deal on Tuesday, as per a term sheet reviewed by Mint.

Stock Market News: The domestic benchmark indices, the Sensex and Nifty 50, ended in green for the fifth straight session on Monday, led by gains in pharma, fast-moving consumer goods (FMCG), and consumer durable stocks. During Monday's session, the Nifty 50 touched a fresh all-time high of 22,186.65 before closing 81.55 points, or 0.37%, higher at 22,122.25.

Sensex rose 281 points to settle at 72,708 and the broader Nifty closed at its all-time high of 22,122 points. Stocks that were in focus included names like Novartis India, which rose 15.44%, Global Health, which fell 2.9%, and YES Bank, whose shares declined 4.58% on Monday.

Buy or sell stocks for today: On account of the participatory rally in majority segments, the Indian stock market ended higher for the fifth straight session. The Nifty 50 index hit a new high of 22,186 before ending at 22,122 level.

Vibhor Steel Tubes IPO: Shares of Vibhor Steel Tubes Limited will be listed on the BSE and NSE during Tuesday deals. As per the information available on the BSE website, the Vibhor Steel Tubes IPO listing date has been fixed on 20th February 2024 i.e. today.

₹20,000 crore per month. According to RBI, credit card spending among Indians rose to ₹1.65 trillion in December 2023 from ₹1.61 trillion in November. Macquarie Research says these cards were issued to drive volumes and never contributed much to profitability as margins were low.

Tamil Nadu government in its Budget has said it will incentivise the creation of high paying jobs in new GCCs by providing a payroll subsidy. The move is being lauded by industry watchers and experts as one that could potentially bolster Tamil Nadu to narrow the gap with other GCC hubs like Bengaluru and Hyderabad. «I see this to be a brilliant move to bring the spotlight back on Tamil Nadu which has the unique distinction of having deep technology and domain talent across industries such as manufacturing, automotive, financial services and healthcare,» Ramkumar Ramamoorthy, Partner at Catalincs, a growth advisory firm told ET.

India, February 19: Forget roses and chocolates; this Valentine's Day, Finnup gifted Indian businesses the ultimate love story – a hassle-free loan match! Founded by Rahul and Abhishek Agarwal, Finnup is launching India's first Unsecured Business Loan (UBL) matchmaking platform, promising to be the cupid of debt-raising for all, from tiny startups to large corporations.Love at First Swipe: Gone are the days of lengthy loan applications and endless paperwork. Finnup's platform, built with cutting-edge AI and machine learning, analyses business needs and whisks away to perfect lender match in just 4-5 hours.

A New York judge has spared Donald Trump a “corporate death penalty” ruling, but his business did get hit hard with bans and cash penalties

Donald Trump’s legal debts might now exceed a half-billion dollars

NPPs is not economically justified, while in others, it is impossible due to territorial features and the lack of power grids. In such cases, what Rosatom, the State Atomic Energy Corporation, offers for SMR NPPs may turn out to be the only right solution, according to Dr Dmitrii Samokhin, Head of the Nuclear Physics and Engineering department, Obninsk Institute for Nuclear Power Engineering of the National Research Nuclear University. Considering the list of sites in India for the potential placement of NPPs with a unit capacity of up to 300 MW, it becomes clear that there is a significant need, according to Samokhin. It may be pointed out that India and Russia are exploring SMRs as part of civil nuclear partnership The RITM-200 series SMR NPP is a pressurized water reactor (PWR). Its modifications are designed for nuclear icebreakers, land-based and floating SMR NPPs. The RITM-200 reactor was designed based on the experience of operation of SMRon Russian nuclear icebreakers (more than 400 reactor-years). Currently, eight RITM200 reactors are installed on the newest nuclear icebreakers Arktika, Sibir, Ural, and Yakutia. Six of them have been in operation on three icebreakers since 2020 and 2022. The technology has proven its effectiveness and maximum safety at all stages of the life cycle, including radioactive waste management.

BSE Midcap index closed with a gain of 0.29 per cent while the Smallcap index jumped 0.77 per cent. Also Read: Indian stock market: Why Nifty 50 index may touch record high this week — explained with 5 reasons The overall market capitalisation of the firms listed on the BSE rose to nearly ₹391.7 lakh crore from nearly ₹389.5 lakh crore in the previous session, making investors richer by about ₹2.2 lakh crore in a day.

1:5 stock split: Shares of Remedium Lifecare Ltd is one of the multibagger stocks that the Indian stock market has delivered in recent years. The multibagger stock has risen to the tune of 1700 percent in the last one year. However, it seems that the multibagger stock still possesses some upside potential.

Bitcoin halving, often referred to as the «halvening,» is a significant event in the world of cryptocurrency. It is a pre-programmed event that occurs approximately every four years, and its implications are crucial for Bitcoin investors, miners, and enthusiasts alike.

Punjab Kisan Mazdoor Sangharsh Committee Sarvan Singh Pandher asserted that the farmers will continue to move forward with the 'Delhi Chalo' march on February 21 adding that the discussion will also be held on the proposal proposed by the government on MSP. «We will have discussions on the proposal by the govt in the next two days...The govt will also deliberate on the other demands...We will continue with the 'Delhi Chalo' march on Feb 21 if there is no result,» Pandher said while addressing the media after the conclusion of the meeting between protesting farmer unions and Union Ministers in Chandigarh on Monday. He further said that the government and farmers' unions would try to find a solution to the issues.

The trend kicked off a few months ago with some of the big tech companies seeking to rationalise their workforce, they said.

₹3,343 crore, from ₹1,962 crore a year earlier. “The number of Indians who want to learn or educate is less than 10% when it comes to 25-30 years of age and that’s still a drop in the ocean. So, in that sense, there is a much greater need and as traditional brick-and-mortar institutions would not be able to cater to it, we need partnerships.

As Ethereum (ETH) introduced the Geth Upgrade release, Solana (SOL) faced a major outage in block production. However, both coins show steady growth in the crypto market.

₹7.41 crore in fines for allegedly making “unlawful gains" by taking the opposite positions in the market from the ones they promoted on air. Varshney said, “If we see that on a television channel, guest experts are giving advice to manipulate the market we will of course enter the picture, but it is the responsibility of the TV channel to see whether their guest experts are giving advice in a transparent manner or there is some manipulation going on.