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IDBI Bank's CEO says the lender can recover $2.4 billion in bad loans IDBI Bank Ltd.’s chief executive officer said the lender is likely to recoup 195 billion rupees ($2.4 billion) on soured debt in his pitch to potential buyers amid India’s planned auction of the firm.

“We are sitting on about 780 billion rupees of fully provided for bad loans, including written-off loans, and around 25 per cent is likely to be recovered,” Rakesh Sharma said in an interview in Mumbai. “This hidden asset is not reflected in our current valuation and will directly boost the bottom line.

NDTV case: Adani may move Delhi HC to seek promoter group's stake transfer

Adani Group and news broadcaster NDTV are considering legal options after the latter said it would not be able to transfer shares of RRPR Holding, a promoter entity, to Vishvapradhan Commercial Private Ltd (VCPL), citing a regulator ban on its founder-promoters, Prannoy Roy and Radhika Roy, till November this year.

IOC to spend Rs 2 trn for net-zero target by 2046: Chairman

Indian Oil Corporation (IOC), the nation's top oil firm, will invest Rs 2 lakh crore to achieve net-zero operational carbon emissions by 2046, its chairman Shrikant Madhav Vaidhya said on Thursday.The target set is in line with India's aim to reach net-zero emissions by 2070.

IOC, which refines crude oil into fuel and manufactures petrochemicals, will use a combination of energy efficiency measures, electrification of processes and fuel replacement.

GIC Housing Finance to raise up to Rs 2,500 crore via issue of bonds GIC Housing Finance has said it is mulling to raise up to Rs 2,500 crore by issuing bonds on a private placement basis to augment its capital resources.

Seeing the long-term borrowing requirement of the company and to augment resources at a cheaper rate of interest, approval is sought to mobilise some more funds by way of issue of redeemable NCDs/bonds on private placement basis," GIC Housing Finance said in its annual report 2021- 22.

"Seeing the long-term borrowing requirement of the company and to augment resources at a cheaper rate of interest, approval is sought to mobilise some more funds by way of issue of redeemable NCDs/bonds on private placement basis," GIC Housing Finance said in its annual report 2021- 22.

Govt asks Byju's to explain delay in filing audited financial accounts The Ministry of Corporate Affairs has asked Byju’s to explain why it hasn’t filed its audited financials for the year ending March 2021, according to a Bloomberg report.

Earlier this month, the Ministry of Corporate Affairs sent a letter to Byju’s parent company asking them to explain the seventeen-month delay in filing audited accounts.

Debt ratio at Adani's green firm needs 'watching' as it soars to 95.3% A key financial metric of Adani Green Energy Ltd. is flashing signs of concern as its billionaire owner takes on more debt to become a renewable energy giant.

The Gautam Adani owned company’s debt-to-capital ratio has soared to 95.3 per cent, a level that is on the “higher side” for a private company, according to Sharon Chen, an analyst at Bloomberg Intelligence. The company’s capital expenditure plans and its funding are other factors that need a close watch, Chen added.

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