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(This story has not been edited by THE WEEK and is auto-generated from a PTI

The approval from IRDAI is pivotal for the transfer of Reliance Capital's insurance businesses, including Reliance General Insurance and Reliance Nippon Life Insurance, to IIHL. Additionally, the Reserve Bank of India (RBI) approval for the RCAP business transfer to IIHL expires on May 17., Companies News - Times Now

ILFS on track for 62% recovery, says Uday Kotak : Rashtra News The IL&FS board expects to resolve around Rs 57,000 crore of the Rs 99,000 crore total debt inherited by the directors by March 2022. Overall the Uday Kotak led board expects to complete resolution of Rs 61,000 crore or about 62% of the

ZIMBABWE’S Finance ministry has resumed negotiations with creditors and the international community as Treasury seeks the resolve the country’s nagging debt overhang. With the country remaining in debt distress while borrowing is limited, public debt has continued to increase, driven by external arrears and legacy debt. BERNARD MPOFU Official figures show that despite making token…

Torrent Power and Sharda Energy and Power are the two entities in the fray to acquire the 600 MW power generation company. The committee of creditors last year approved a ₹1,800-crore debt resolution plan for Sharda Energy. However, Torrent Power claimed it gave a higher offer and alleged an improper sale process.