financial recovery News

IL&FS Appeals for Extended Deadline to Finalize Resolution of 57 Entities

IL&FS has requested an extension from NCLAT to resolve 57 entities, reporting progress in restructuring with 197 subsidiaries out of insolvency. Lenders have recovered Rs 45,000 cr...

Swiss National Bank Achieves Record-Breaking Profit of 80.7 Billion Swiss Francs in 2024

The Swiss National Bank reported a record annual profit of 80.7 billion Swiss francs in 2024, a significant recovery from the previous year's loss. This profit, driven by gains fro...

Adani Group Stocks Surge Up to 9% Following Hindenburg Research's Shutdown Announcement

Adani Group stocks surged up to 9% after Hindenburg Research announced its shutdown, marking a significant recovery for the conglomerate. This rally reflects the market's positive ...

Indian Overseas Bank Unveils Massive NPA Sale: 46 Accounts Valued at Rs 11,500 Crore

Indian Overseas Bank announces the sale of 46 NPA accounts worth Rs 11,500 crore, aiming to improve asset quality and financial health through strategic recovery measures and signi...