The government-promoted bad bank National Asset Reconstruction Company of India Ltd (NARCL) last week offered to acquire five distressed loan accounts, including those of Future Retail and GTL Ltd, said two people aware of the development.
The Securities and Exchange Board of India (Sebi) is considering a plan to allow Alternative Investment Funds (AIFs) to extend by two more years the lifecycle of investment products that are set to be wound up, said people with direct knowledge of the matter.
The MSCI India index—a benchmark for global fund managers to assess the country’s investment performance—now has a valuation premium of 96% and 39% over the MSCI Emerging Markets and the MSCI World indices, respectively.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
ETPrime stories of the day
In quest of the right to employment: learnings from Lerner and modern monetary theory
How S Naren’s value play makes this ICICI Prudential fund a winner in choppy markets
Three insights to kick-start your day: BYD’s EV ride in India
Trending Now
Popular Categories
Hot on Web
In Case you missed it
Top Calculators
Top Searched Companies
Top Definitions
Most Searched IFSC Codes
Top Prime Articles
Top Story Listing
Top Slideshow
Top Trending Topics
Top Videos
Private Companies
Popular Articles
Most Searched Articles
Trending Articles
Find this comment offensive?
Choose your reason below and click on the Report button. This will alert our moderators to take action
Reason for reporting:
Your Reason has been Reported to the admin.
Log In/Connect with:
Will be displayed
Will not be displayed
Will be displayed
To read full story, subscribe to ET Prime
₹34 per week
Billed annually at ₹2499 ₹1749
Super Saver Sale – Flat 30% Off
On ET Prime Membership
–
–
–
Subscribe Now
(Credit card mandatory)
You can cancel your subscription anytime
–
–
–
Subscribe Now
(Pay Using Netbanking/UPI/Debit Card)
₹399/month
Monthly PLAN
Billed Amount ₹399
No Trial Period
₹208/month
(Save 49%)
Yearly PLAN
Billed Amount ₹2,499
15 Days Trial +Includes DocuBay and TimesPrime Membership.
₹150/month
(Save 63%)
2-Year PLAN
Billed Amount ₹3,599
15 Days Trial +Includes DocuBay and TimesPrime Membership.
Quarterly
$13.99
7 Days Trial
Yearly
(Save 40.0%)
$33.99
15 Days Trial
Get ET Prime for just ₹2499 ₹1749/yr
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Stories you might be interested in
About Author
