Recovery Financial News

By Stella Qiu

₹852.5 crore. Meanwhile, P&G Hygiene’s dividend payout ratio continues to remain robust.

Digital Currency Group has reached a preliminary agreement with Genesis creditors to settle the claims by reimbursing 70-90% in USD equivalent to unsecured creditors.

Rishabh Pant, who has been recovering from his last year's road accident injuries, on Monday, shared a glimpse of his workout routine with fans. Pant took to his official Instagram handle and posted a video clip in which he was seen diligently working out on an exercise bike, in order to regain his form and fitness. «Grip. Twist. Paddle. Good vibes only,» he wrote in the caption. Seeing Pant's recovery several people expressed their joy in the social media post's comment section. One of them was Australian cricketer David Warner, who led the Delhi Capitals during Pant's absence in IPL 2023. He lauded the young cricketer's efforts, expressing his delight by stating, «This makes me smile and very happy.»

macroeconomic insecurity. The countries of the Global South have particularly been affected, as their rising debt burdens have hampered efforts at promoting sustainable development, placing a question mark on their ability to meet the sustainable development goals (SDGs) or respond to the effects of climate change.

₹205.15 apiece on the BSE on Friday. However, the stock witnessed some buying and recovered from day’s low to hit an intraday high of ₹225.00 apiece. About 227 million JFSL shares changed hands on Friday, Reuters reported.

Crypto trading platform Cypher protocol has published a plan to recover from its $1 million exploit, stating it will “socialize” losses across the platform in an initial stage of the recovery. In the first stage of the plan, the Solana-based trading platform will produce a “pro rata redemption package” of current assets it possesses, which will become withdrawable by users through a web interface. However, the platform does not currently have enough funds to pay back all depositors, so losses will be distributed across all accounts in this initial stage rather than being borne by any particular individual or group.

PRAGUE (Reuters) — The Czech government will scale back a planned loan from the European Union's post-COVID recovery fund to 19.4 billion crowns (805.75 million euros), from the initially planned 137 billion crowns, Industry Minister Jozef Sikela said on Wednesday.

Future Group companies on Tuesday moved the Delhi High Court against a debt recovery tribunal's July 31 order that restrained them from alienating their assets in recovery proceedings initiated by lenders. A bench led by Chief Justice Satish Chandra Sharma, while seeking response from the government, Future Group founder Kishore Biyani, Rattan India Finance, RBL Bank, Yes Bank and others refused to stay the DRT order.

Future Group companies on Tuesday moved the Delhi High Court against a debt recovery tribunal's July 31 order that restrained them from alienating their assets in recovery proceedings initiated by lenders. A bench led by Chief Justice Satish Chandra Sharma, while seeking response from the government, Future Group founder Kishore Biyani, Rattan India Finance, RBL Bank, Yes Bank and others refused to stay the DRT order.

Silver prices fell significantly in recent weeks, dragged down by concerns over Chinese demand, a strong recovery in US yields, and a firmer dollar. In the benchmark London Spot market, prices corrected more than 12% in the last one month while losses were limited to 9% in domestic futures due to a weak Indian rupee. Silver returned to the limelight in May when prices surged to near one-year high.

PNB Housing Finance share price jumped more than 8% on Monday after the company announced the recovery of ₹784 crore worth of corporate non-performing account. PNB Housing Finance shares rallied as much as 8.4% to ₹688.10 apiece on the BSE. PNB Housing Finance through its focused and multi-pronged resolution strategy has successfully resolved and fully recovered its large corporate Non-Performing account of ₹784 crore, which is 1.3% of loan asset as on 30th June 2023, the company said in a regulatory filing on Saturday.

B2B is normally associated with the digital world, but there are many companies whose products go as consumable or what is commonly called as raw material in the manufacturing sector. So for companies which are into supplying industrial consumables it is not an easy task.

One of Greg Friedman’s favorite photos from his many visits to Maui over the last four decades is an image of his father and his then five-year-old twins at the Lahaina train station.

By Granth Vanaik and Ananya Mariam Rajesh

By Jonathan Allen

The comments come after a raft of recent figures that have stoked concerns over China's stuttering post-Covid recovery, and after US President Joe Biden said the country's mounting economic problems made it a «ticking time bomb». «After the smooth transition of the epidemic prevention and control, China's economic recovery is a wave-like development and a tortuous process, which will inevitably face difficulties and problems,» foreign ministry spokesman Wang Wenbin said at a regular press conference. «A number of Western politicians and media have hyped up the periodic problems in China's post-epidemic economic recovery process. But eventually, they will for sure be proven wrong,» he added. Retail sales, a key gauge of consumption, grew 2.5 percent year-on-year in July, the National Bureau of Statistics (NBS) said on Tuesday, down from 3.1 percent in June and falling short of analyst expectations.

Dabur India Ltd will continue to expand its portfolio across price points and build on its power brands, said chief executive Mohit Malhotra in an interview. The maker of Vatika shampoo and Hajmola candy reported an 8% rise in rural volumes in the June quarter, far more than the market’s 4% growth. Rural demand has been growing for Dabur, driven by the launch of bridge packs, an expanding distribution network and an overall demand uptick, Malhotra said.

banking system liquidity reasonably ample", the PBOC said in an online statement. The MLF rate serves as a guide to China’s lending benchmark loan prime rate (LPR) and markets mostly use the medium-term policy rate as a precursor to any changes to the lending benchmarks.

RBI) Thursday asked banks to double down efforts to maximise recovery from written-off accounts. This was after data released to Parliament showed that banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years, starting 2014-15. “We would like the bank managements to have a board-approved policy for write-off and also a follow-up to maximise recovery from these accounts for which we are engaging with bank managements,” deputy governor Swaminathan J said. Data tabled in the Lok Sabha had also shown that banks wrote off bad loans worth over Rs 2.09 lakh crore during the year ended March 2023. In fact, banks had recovered an aggregate of Rs 2.04 lakh crore in written-off loans, including corporate loans, since April 2014 and up to March 2023. The deputy governor said that it was important to get the context right when assessing written-off loans. “We have to be guarded before passing judgments over that,” he said. “Once an account becomes NPA, prudential norms require the creation of provisions and basis the ageing of the NPA as well as the realisable value of the security these provisions get augmented and come to a stage when provisions equal the outstanding in the account. Once these accounts become fully provided for you are carrying an asset on one side and equal provision on the other side.” Swaminathan explained that as part of prudent balance sheet management and tax efficiency banks resort to technical write-offs.

By Andrea Shalal