Gravitational arcs in ‘El Gordo’ galaxy cluster
A new image of the galaxy cluster known as "El Gordo" is revealing distant and dusty objects never seen before, and providing a bounty of fresh science. The infrared image, taken by NASA's…
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ARCs
Jujutsu Kaisen Season 2: What we know so far about the upcoming villain and arcs
Jujutsu Kaisen season 2 is expected to take the anime world by storm once again, with its thrilling storyline and breathtaking animation. With the release of the teaser, fans are already…
RBI may consider ARCs’ plea to do away with background checks
After multiple representations from asset reconstruction companies (ARCs), the central bank is likely to do away with its directive on conducting background checks of defaulting retail…
NARCL declines to match Phoenix ARC’s bid for Mittal Corp
Mumbai: The National Asset Reconstruction Co (NARCL) has declined to match Phoenix ARC's ₹405 crore bid for the bankrupt steel maker Mittal Corp, clearing the way for the Bank-backed ARC to…
Srei Group lenders looking to sell sticky loan assets to ARCs
Lenders to the defaulted Srei Group companies -- and Srei Equipment Finance -- are considering selling the sticky loan assets to the asset reconstruction companies to fasttrack recovery as…
Deep-dive: Intel Arc’s AV1 video encoding is the future of GPU streaming
Imagine a world where video streaming could have significantly higher quality without using up more bandwidth—or have the same quality while having half the impact on your data caps. A…
SBI lines up 6 NPA accounts for sale to ARCs to recover dues of Rs 406 cr
Country's largest lender SBI has lined up six non-performing assets (NPAs) for sale to asset reconstruction companies (ARCs) to recover dues of nearly Rs 406 crore. The six NPA accounts put…
Unholy nexus between ARCs and borrowers found after IT raids: CBDT
The Income Tax Department has found an "unholy nexus" between four asset reconstruction companies (ARCs) based in Mumbai and borrower groups after they were raided recently, the CBDT said on…
RBI panel on ARCs proposes norms for valuers, reserve price
To streamline the functioning of asset reconstruction companies (ARCs), a Reserve Bank panel has come out with a host of suggestions including the creation of an online platform for the…
HDFC Bank Q2 preview: Expect double digit NII growth; watch for sale to ARCs
NEW DELHI: HDFC Bank, India’s largest lender by market capitalisation, may report 4-17 per cent sequential growth in net profits and 8-20 per cent in year-on-year terms. Revenues for the…