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Developers said sales bookings continue to be negligible in May as well, as state-wise lockdowns continue.(File photo)

Home sales, new project launches fall in April-May

By Madhurima Nandy, Bengaluru
PUBLISHED ON MAY 27, 2021 01:21 AM IST
Residential sales fell 60% in April from the preceding month amid crisis. Fresh project launches in April dropped 53% from March and remained subdued for the fifth straight month, according to a report by Edelweiss Research.
Edelweiss ARC on Thursday strongly denied the allegations.
Edelweiss ARC on Thursday strongly denied the allegations.

Edelweiss’ shares fall on reports of irregularities at its ARC unit

By Gopika Gopakumar, Mumbai
PUBLISHED ON MAR 19, 2021 06:25 AM IST
  • According to Moneycontrol, the MCA has ordered an inspection of the company’s books following a shareholder’s complaint to the Prime Minister’s Office (PMO) and the Reserve Bank of India.
Rashesh Shah, chairman and chief executive officer of the Edelweiss Group, outside ED office in Mumbai, on Wednesday.(HT Photo)
Rashesh Shah, chairman and chief executive officer of the Edelweiss Group, outside ED office in Mumbai, on Wednesday.(HT Photo)

Edelweiss Group chairman Rashesh Shah appears before ED in forex scam case

Hindustan Times, Mumbai | By Pratik Salunke
UPDATED ON JAN 15, 2020 06:43 PM IST
The ED is probing a firm named Capstone for forex violations. Edelweiss has denied any link to Capstone.
The country’s banking sector is coping with about $210 billion of soured or problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.(Dhiraj Singh/Bloomberg)
The country’s banking sector is coping with about $210 billion of soured or problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.(Dhiraj Singh/Bloomberg)

India’s $210 billion bad loans are luring foreign funds hunting for returns

Bloomberg | By Anurag Joshi and Lianting Tu
UPDATED ON JUN 04, 2018 11:04 AM IST
The Insolvency and Bankruptcy Code (IBC) introduced in 2016 has given rise to opportunities for offshore funds to acquire borrowers’ distressed assets. High potential profits on those deals attract funds.
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