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SC flags 'deep-rooted nexus' between banks, ARCs, borrowers over loans
Flagging a deep-rooted nexus between banks, asset reconstruction companies and borrowers, the Supreme Court on Friday said that taxpayers' money being given as loans and then no effective efforts were taken to recover the amount was not acceptable. A bench of Chief Justice Surya Kant and Justice V Mohana said it was only concerned about the misutilisation of public money, which should have been spent for the welfare of people. The top court issued notice to the Centre, the Reserve Bank of India (RBI) and others seeking their responses on a plea which alleged that a debt of Rs 1,537 crore owed to public sector banks was settled through two asset reconstruction companies (ARCs) for a mere Rs 73.50 crore. During the hearing, the bench raised concerns over the manner in which stressed loans were being settled. "This is a deep-rooted nexus between the borrowers, ARCs and banks," the bench said. The top court observed that it was aware of the limitation in entering into the arena of ...
RIL AGM Highlights: Five drivers for future growth
Reliance is transforming into a deep-tech and advanced manufacturing leader, highlighting five verticals within the company as those with potential for exponential value creation, Chairman Mukesh Ambani said in speech at the latest annual general meeting. These five are: Jio, AI, Retail, FMCG and New Energy.
Jio Platforms breaks into global top 20 in latest WIPO patents rankings; climbs 320 places on coveted chart
Akash Ambani, Managing Director of Jio Platforms said that the rise of JPL to the global top 20 in the WIPO PCT rankings reflects years of efforts towards transformation into a deep-tech company
Deep dive: Hits & misses of Q4FY26 earnings season by JM Financial
While Q4FY26 results have led to an upward revision in our FY27E Nifty50 EPS growth forecast to 17.1 per cent, the recent track record of earnings downgrades warrants caution.
Pharma in her DNA, Wockhardt scion ready for deep dive in the US
Zahabiya Khorakiwala is leading Wockhardt's US business and the launch of its new antibiotic, Zaynich. This drug targets resistant bacterial infections and is a significant bet for the company. Zaynich's US approval marks a major breakthrough after decades without new antibiotics. Zahabiya is focused on hospital penetration, physician advocacy, and demonstrating economic value to healthcare systems.
Indian markets open deep in red as West Asia tensions, tech sell-off rattle investors - ChiniMandi
Indian markets open deep in red as West Asia tensions, tech sell-off rattle investorsChiniMandi
Broadcom earnings deep dive: AI growth vs. Market expectations
Broadcom posted strong quarterly results with 48% revenue growth driven by AI demand, but its stock fell as investors expected stronger AI guidance despite robust earnings and optimistic long-term outlook.
Barometers end with deep cuts; Nifty settles below 23,450 mark
As per provisional closing data, the barometer index, the S&P BSE Sensex declined 303.67 points or 0.41% to 74,346.17. The Nifty 50 index slipped 77.95 points or 0.33% to 23,405.60.
MOFSL on Shriram Finance: MUFG deal to aid growth; keeps Buy for 28% upside
Following the deal with MUFG, Motilal Oswal said that Shriram Finance is well-positioned to capitalise on emerging growth opportunities, supported by strong execution and deep customer relationships.
Indian Stock Market Opens Deep in the Red; Sensex Slumps Over 840 Points, Nifty Falls Below 23,300 - Punjab Newsline
Indian Stock Market Opens Deep in the Red; Sensex Slumps Over 840 Points, Nifty Falls Below 23,300Punjab Newsline
Alkali Metals Ltd leads gainers in 'B' group
NIIT Ltd, Lorenzini Apparels Ltd, Deep Polymers Ltd and Rubicon Research Ltd are among the other gainers in the BSE's 'B' group today, 01 June 2026.
U-Turn! MFs pull back from 12 smallcap stocks after two quarters of buying
MFs are typically considered informed investors, with allocation decisions driven by deep research and long-term fundamentals. While sustained buying often signals confidence, a reversal after consecutive quarters of accumulation is worth tracking closely.