Page 6 - Assets

Monetisation drive: Holdco for infra assets divides policymakers

A similar proposal is being considered for other infrastructure assets with other government departments

Crackdown on tax evaders: I-T notices to holders of foreign assets

Seek action under black money and benami laws for non-disclosure

Cairn to seize overseas Indian assets to enforce $1.2-bn arbitration award

UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover USD 1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return USD 1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a

Finance Bill: Asset distribution to partners will attract capital gains tax

Various courts and tax authorities have ruled both in favour and against imposition of capital gains in such cases.

Street signs: HNI IPO bets on thin ice, lapse in rights entitlement & more

At a fund house level, more than 10 per cent of assets can be invested in perpetual bonds of a single issuer

MCA21 Version 3.0: Govt's automated system to keep an eye on firms

The centre will issue warning if it detects suspicious practices

Seizing Indian assets won't be easy for Cairn Energy, say experts

Experts say enforcement of the award will face a passive hurdle in Article V of the NY Convention

Dipam readies ground for monetisation of assets, seeks list from ministries

Seeks list of potential assets from ministries, govt departments, PSUs

Retail engine revs up but YES Bank has hands full on asset quality

Its deposit base as of December 31, 2020 (Q3) had risen to Rs 1.46 trillion, up 8 per cent sequentially, though below a year ago's Rs 1.65 trillion

Plan to monetise 100 public sector assets, drawing Rs 2.5 trillion: PM

Says government has no business to be in business; 'Our mantra is monetise and modernise'

Loans with dues in excess of 90 days show spike in Dec 2020: ICRA

The delinquencies, which were 0.6-0.7 per cent level in February, shot up to 3.4-3.6 per cent in case of SME and MFI segment by December

Month-on-month revenue since October better than FY20: L&T IDPL's Pathak

The good news is that since October 2020, revenues for FY2021 month-on-month are much better compared to FY2020, said CEO Pathak

India considers new panel to quicken privatisation of state-run firms

An external panel will help accelerate the asset sale process and bypass red tape, according to the people.

Unlocking public assets

Govt's plan to monetise assets has rewards and risks

Institutional investments record a sharp rebound in 2020, shows data

While more than half of the Rs 36,500-crore investment materialised in the last quarter, limited number deals indicate a narrow-based recovery so far.

Outsource asset allocation to a fund

Raising equity allocation when the market is down and reducing it when it is soaring is difficult. Let dynamic asset allocation funds do it for you

Prestige Estates to sell assets worth Rs 11,000 cr to Blackstone, cut debt

Indian company plans to build twice the amount of commercial property space it is selling to the global fund manager.

NCLT approves sale of IL&FS' education assets to Falafal Technology

IIDMCC is the wholly-owned subsidiary of ITNL International Pte Limited (IIPL), which in turn is a wholly-owned subsidiary of IL&FS Transportation Networks Ltd

Investors might face high taxation, volatility in multi-asset play

Positioned as a one-stop solution for investors, funds may not live up to the tag as higher taxation can affect returns

Covid-19 may turn extra Rs 1.67 trn debt into delinquent assets: Ind-Ra

This is over and above Rs 2.54 trillion anticipated prior to onset of pandemic, taking the overall quantum to Rs 4.21 trillion, or 6.63% of total debt