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The new framework is aimed at helping stressed companies raise capital through timely financial intervention at the same time protecting the interest of shareholders.(REUTERS)

Sebi relaxes rules for listed companies with stressed assets

New Delhi | By Press Trust of India
PUBLISHED ON JUN 23, 2020 02:00 PM IST
Consequently, Securities and Exchange Board of India (Sebi) has eased the pricing methodology of preferential issues by such firm.
Nazirkar and his wife were also booked in a case of cheating worth multiple lakhs at the Dattawadi police station in 2017.(Getty Images/iStockphoto)
Nazirkar and his wife were also booked in a case of cheating worth multiple lakhs at the Dattawadi police station in 2017.(Getty Images/iStockphoto)

Amravati joint director of town planning, kin booked for disproportionate assets

By HT Correspondent
PUBLISHED ON JUN 19, 2020 05:02 PM IST
The ACB officials found discrepancies in the income of the Nazirkar family members.
Mutual funds typically are not aggressive on recoveries.(Getty Images/iStockphoto)
Mutual funds typically are not aggressive on recoveries.(Getty Images/iStockphoto)

For MFs, recovery of risky assets turn bleak

Hindustan Times, Mumbai | By Jayshree P. Upadhyay and Neil Borate
PUBLISHED ON JUN 08, 2020 05:02 AM IST
Side-pockets, or a segregated portfolio, ensures money invested in MF debt schemes, linked to stressed assets, gets locked until the fund recovers the cash from the company.
HT Image
HT Image

Centre initiates exercise of forfeiting assets of drug smugglers

Hindustan Times, Tarn Taran | By Anil Sharma
PUBLISHED ON FEB 18, 2020 11:14 PM IST
The Bharat Hotels Group is led by Jyotsna Suri.
The Bharat Hotels Group is led by Jyotsna Suri.

IT dept detects undisclosed foreign assets of Bharat Hotels

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON JAN 24, 2020 11:29 PM IST
It has also found domestic tax evasion worth Rs 35 crore by the hospitality group which may lead to consequences under the Black Money Act, 2015 and the Income-tax Act, 1961, the officials added.
Strata sale is sale of assets to retail or individual investors.(Aniruddha Chowdhury/Mint)
Strata sale is sale of assets to retail or individual investors.(Aniruddha Chowdhury/Mint)

Real estate developers turning to strata sale of commercial assets to maintain cash flows: Report

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JAN 17, 2020 11:45 PM IST
To maintain cash flow, many developers are currently listing anywhere between 25 to 40 per cent of their office supply for strata sale.
Maharashtra State Reserve Police Force at Golibar near Khar subway.(Satish Bate/HT Photo)
Maharashtra State Reserve Police Force at Golibar near Khar subway.(Satish Bate/HT Photo)

Maharashtra Police most corrupt, assets worth Rs 4 crore amassed by cops, says ACB

Hindustan Times, Mumbai | By Jayprakash S Naidu
UPDATED ON JAN 13, 2020 09:06 AM IST
An ACB official posted in Mumbai, said, “Most complaints are received against these two departments. This is because these two departments interact with the public more and have huge manpower as well.”
HT Image
HT Image

To keep going, Punjab local bodies dept to sell off ‘unattended’ assets

Hindustan Times, Chandigarh | By Gurpreet Singh Nibber, Chandigarh
PUBLISHED ON NOV 23, 2019 01:18 AM IST
Directs all 28 improvement trusts to create an annual calendar for sale of such properties; also asks MCs, other civic bodies to prepare an invento
HT Image
HT Image

Assets of 7 notable drug dealers seized in Tarn Taran dist

Hindustan Times, Chandigarh | By HT Correspondent
PUBLISHED ON NOV 04, 2019 11:11 PM IST
Assets of seven smugglers worth Rs 4 crore freezed; all belong to border villages notorious
HT Image
HT Image

CM Khattar’s assets up by 107% in five years

Hindustan Times, Chandigarh | By Neeraj Mohan
PUBLISHED ON OCT 01, 2019 10:49 PM IST
Moveable  assets up by about 1,032 %  to reach Rs 94 lakh from  Rs 8.29 lakh in 2014; immovable down by about 38 per cent from Rs 53 lakh in 2014 to Rs 33 lakh
The move will give Blackstone control of a five million square feet portfolio, including several marquee properties like One Indiabulls and Indiabulls Finance Centre in Mumbai’s Lower Parel and Prabhadevi areas, two in Gurugram and one in New Delhi.(Bloomberg)
The move will give Blackstone control of a five million square feet portfolio, including several marquee properties like One Indiabulls and Indiabulls Finance Centre in Mumbai’s Lower Parel and Prabhadevi areas, two in Gurugram and one in New Delhi.(Bloomberg)

Indiabulls Real Estate divests remaining commercial assets to Blackstone for Rs 4,420 crore

Mumbai | By Asian News International
UPDATED ON SEP 11, 2019 06:51 PM IST
Blackstone had fully acquired the Indiabulls’ Chennai commercial property separately for about Rs 850 crore last year.
Centre has constituted a three-member committee to look into distribution of assets and liabilities of Jammu and Kashmir between two successor Union territories(HT FILE)
Centre has constituted a three-member committee to look into distribution of assets and liabilities of Jammu and Kashmir between two successor Union territories(HT FILE)

Panel to review division of assets and liabilities

New Delhi | By Press Trust of India
PUBLISHED ON SEP 10, 2019 12:53 AM IST
On August 5, the Centre announced the abrogation of the special status given to Jammu and Kashmir under Article 370 and bifurcation of the state into the two UTs.
Over the last many decades, Gold’s returns has been in the range of 6-7%. Given that so many of us are hit by lifestyle inflation of around 8-9%, it may not make sense to keep investing in gold.(File photo)
Over the last many decades, Gold’s returns has been in the range of 6-7%. Given that so many of us are hit by lifestyle inflation of around 8-9%, it may not make sense to keep investing in gold.(File photo)

How beneficial are tangible assets?

By Deepali Sen
UPDATED ON SEP 02, 2019 03:10 PM IST
Key role as a financial planner is to keep nudging the client towards what he needs, keep reminding him to be patient on long-term equity investments, urging him to be diligent on his investing habits .
Haryana Congress leader and Adampur MLA Kuldeep Bishnoi.(HT File)
Haryana Congress leader and Adampur MLA Kuldeep Bishnoi.(HT File)

Kuldeep Bishnoi leaves for Delhi as I-T attaches asset worth 150 cr

Hindustan Times, Hisar | By HT Correspondent, Hisar
UPDATED ON AUG 27, 2019 08:26 PM IST
Delhi Benami Prohibition Unit (BPU) of the Income Tax department has attached benami assets worth 150 crore.
The issues concern the departments of irrigation, energy, transport, finance, housing, food and civil supplies, tourism, animal husbandry and fisheries, forest, industrial development and agriculture.(Twitter image)
The issues concern the departments of irrigation, energy, transport, finance, housing, food and civil supplies, tourism, animal husbandry and fisheries, forest, industrial development and agriculture.(Twitter image)

UP, Uttarakhand resolve most issues about division of assets, liabilities

LUCKNOW | By Umesh Raghuvanshi
UPDATED ON AUG 20, 2019 05:01 AM IST
A list of nearly 35 pending issues concerning 11 departments was part of agenda of both teams.
Enforcement Directorate has attached assets worth Rs 261 crore, including residential plots and agricultural land, belonging to Future Maker Life Care Pvt Ltd.(HT FILE)
Enforcement Directorate has attached assets worth Rs 261 crore, including residential plots and agricultural land, belonging to Future Maker Life Care Pvt Ltd.(HT FILE)

Haryana firm’s assets worth Rs. 261 cr attached for involvement in Ponzi scheme

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 18, 2019 12:35 AM IST
Investigations under the provisions of PMLA revealed that funds were fraudulently collected from subscribers as deposit towards membership in the scheme through a chain of agents spread across India.
The company allegedly ran a ponzi scheme case and duped investors of Rs 3,000 crore(HT PHOTO)
The company allegedly ran a ponzi scheme case and duped investors of Rs 3,000 crore(HT PHOTO)

ED attaches Rs 261-cr assets of Future Maker Life Care involved in Rs 3,000 cr ponzi scam

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON AUG 17, 2019 10:55 PM IST
The ED’s action came on the basis of first information reports (FIRs) registered by the Telangana police against the company and its directors – Radheshyam and Bansilal -- in March 2019.
The nation’s biggest carmaker, Maruti Suzuki India Ltd., reported the worst sales drop since 2012 in July.(Image: Tata group)
The nation’s biggest carmaker, Maruti Suzuki India Ltd., reported the worst sales drop since 2012 in July.(Image: Tata group)

India’s Taj Hotel chain to sell assets as economy weakens

Bloomberg | By P R Sanjai
UPDATED ON AUG 08, 2019 03:40 PM IST
The Mumbai-based company’s measures to cut costs and liabilities come at a time growth in Asia’s third-biggest economy has cooled to a five-year low, while a lingering shadow-bank crisis damps discretionary spending.
The bench of Allahabad high court judges Pankaj Mithal and Saral Srivastava gave a ‘landmark’ judgment that could help the administration recover land dues from other builders as well, officials said.(PTI)
The bench of Allahabad high court judges Pankaj Mithal and Saral Srivastava gave a ‘landmark’ judgment that could help the administration recover land dues from other builders as well, officials said.(PTI)

HC attaches personal assets of builder, stops sale of flats in Lotus Espacia

Greater Noida | By Vinod Rajput
UPDATED ON AUG 08, 2019 01:34 AM IST
The Gautam Budh Nagar administration, on July 25, arrested the promoter of Cloud-9 projects private limited, Ashish Gupta, for failing to pay 66 crore land dues to Noida authority. The Dadri tehsil officials, along with the police, arrested Gupta from his Sector 127 office.
The ED said its probe has found that the Hurriyat leaders allegedly received funds from Pakistan through conduits and also from the country’s high commission in New Delhi.(HT Photo)
The ED said its probe has found that the Hurriyat leaders allegedly received funds from Pakistan through conduits and also from the country’s high commission in New Delhi.(HT Photo)

ED attaches Kashmiri bizman’s assets worth Rs 1.73 cr in terror funding case

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON AUG 02, 2019 12:34 AM IST
The ED added the assets include immovable properties worth Rs 1.48 crore in the names of Watali’s family members and Rs 25 lakh bank balance in the Jammu & Kashmir Bank.
The case dates back to a Haryana state notification that was issued on August 25, 2005 for the acquisition of 912 acres of land for setting up an industrial model township in villages Manesar, Naurangpur and Lakhnoula of Gurugram district.(HT Photo)
The case dates back to a Haryana state notification that was issued on August 25, 2005 for the acquisition of 912 acres of land for setting up an industrial model township in villages Manesar, Naurangpur and Lakhnoula of Gurugram district.(HT Photo)

ED attaches assets worth Rs 66.5 cr in Manesar land case

New Delhi | By HT Correspondent
UPDATED ON JUL 27, 2019 04:51 AM IST
While the case is also under scanner of the Central Bureau of Investigation (CBI), ED has attached the assets under the Prevention of Money Laundering Act (PMLA), 2002, it said in a statement.
Arrest-handcuffs.(HT Photo)
Arrest-handcuffs.(HT Photo)

Former school teacher with assets worth Rs 6.5 cr booked in DA case

Hindustan Times, Bhubaneswar | By Debabrata Mohanty
UPDATED ON JUL 26, 2019 03:32 AM IST
Subrat Kumar Choudhury worked as an assistant teacher at the Mundagada Project Upper Primary School between 2005 and 2019; he took voluntary retirement last month.
Swaminathan and his wife acquired and accumulated assets in the form of immovable properties, cars, bank balances, and other investments worth around Rs. 1.18 crore, against the likely savings of Rs. 30.66 lakh.(PTI)
Swaminathan and his wife acquired and accumulated assets in the form of immovable properties, cars, bank balances, and other investments worth around Rs. 1.18 crore, against the likely savings of Rs. 30.66 lakh.(PTI)

Disproportionate assets: CBI books CGST official, wife from South Mumbai

Hindustan Times, Mumbai | By Vijay Kumar Yadav
UPDATED ON JUN 27, 2019 08:55 AM IST
On Monday, the anti-corruption bureau (ACB) of CBI registered a suo-motu first information report (FIR) against Swaminathan, a Wadala resident, and his wife under sections 13 (2) and 13 (1) (e) of the Prevention of Corruption (amendment) Act, 2018.
Karnataka ACB officials on Friday carried out searches at properties of public servants in the state who alleged to have disproportionate assets(Bloomberg/Representative Image)
Karnataka ACB officials on Friday carried out searches at properties of public servants in the state who alleged to have disproportionate assets(Bloomberg/Representative Image)

Disproportionate assets: ACB raids public servants across Karnataka

Bengaluru | By Asian News International
UPDATED ON JUN 21, 2019 12:19 PM IST
The ACB is conducting searches at premises of various public servants across the state of Karnataka.
Pakistan Prime Minister Imran Khan on Monday warned of legal action against those who do not declare their undisclosed assets by June 30.(PTI)
Pakistan Prime Minister Imran Khan on Monday warned of legal action against those who do not declare their undisclosed assets by June 30.(PTI)

Imran Khan asks citizens to declare their undisclosed assets by June 30

Islamabad | By Press Trust of India
PUBLISHED ON JUN 10, 2019 05:20 PM IST
The premier said that people have until June 30 to declare their benami assets, benami bank accounts and money that was kept abroad.
Nearly 70% of India’s 900 million voters are rural and 260 million belong to farming households.(Arvind Yadav/HT File Photo)
Nearly 70% of India’s 900 million voters are rural and 260 million belong to farming households.(Arvind Yadav/HT File Photo)

Lok Sabha elections 2019: Government offset income slowdown with asset creation in rural heartland

Hindustan Times, New Delhi | By HT Correspondent, Zia Haq
UPDATED ON MAY 24, 2019 07:18 AM IST
The BJP scored commanding leads across farm belts in major battleground states on the strength of Prime Minister Narendra Modi’s heavy campaigning focused on national security, foreign policy and Hindutva.

Lok Sabha elections 2019: What assets, occupations of political hopefuls tell us

Hindustan Times, New Delhi | By Gilles Verniers and Priyamvada Trivedi
UPDATED ON MAY 23, 2019 06:38 AM IST
The data is extracted by the Association for Democratic Reforms (ADR) and merged with Trivedi Centre for Political Data’s (TCPD) own candidates’ data set.
The Enforcement Directorate (ED) has provisionally attached the property of former chief minister of Haryana Om Prakash Chautala worth nearly Rs 2 crore on charges of laundering money.(Hindustan Times)
The Enforcement Directorate (ED) has provisionally attached the property of former chief minister of Haryana Om Prakash Chautala worth nearly Rs 2 crore on charges of laundering money.(Hindustan Times)

ED attaches Haryana ex-CM OP Chautala’s assets worth Rs 1.9 crore in corruption case

New Delhi | By Neeraj Chauhan
UPDATED ON MAY 17, 2019 03:35 PM IST
The property consists of land and a farmhouse located in New Delhi worth Rs 1,94,52,347, officials said, and was attached under the Prevention of Money Laundering Act (PMLA), 2002.
The RBI is looking into all the concerns raised by various stakeholders including banks and power sector companies and may look to tweak the circular without diluting it completely so that the momentum towards resolution of stressed assets is not affected.(BLOOMBERG PHOTO)
The RBI is looking into all the concerns raised by various stakeholders including banks and power sector companies and may look to tweak the circular without diluting it completely so that the momentum towards resolution of stressed assets is not affected.(BLOOMBERG PHOTO)

RBI’s revised norms for resolution of stressed assets likely before May 23

Press Trust of India, New Delhi/Mumbai | By Press Trust of India
UPDATED ON APR 28, 2019 04:18 PM IST
Earlier this month, the Supreme Court had quashed the RBI’s February 12 circular on stressed loan recognition and resolution of large borrowers over Rs 2,000 crore, terming it as “ultra vires”.
The Model Code of Conduct for the Lok Sabha polls is unlikely to have any bearing on issuance of a revised framework for resolution of stressed assets by the Reserve Bank and the guidelines are expected to be announced before May 23(HT File)
The Model Code of Conduct for the Lok Sabha polls is unlikely to have any bearing on issuance of a revised framework for resolution of stressed assets by the Reserve Bank and the guidelines are expected to be announced before May 23(HT File)

RBI’s revised guidelines for resolution of stressed assets likely before May 23: Report

New Delhi/Mumbai | By Press Trust of India
UPDATED ON APR 28, 2019 03:37 PM IST
Earlier this month, the Supreme Court had quashed the RBI’s February 12 circular on stressed loan recognition and resolution of large borrowers over Rs 2,000 crore, terming it as “ultra vires”.
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