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IDFC First Bank had sanctioned a term loan of ₹48 crore in favour of Marvel Realtors & Developers at an interest rate of 17.5% per annum in July 2017. As per the loan agreement, the debt was scheduled to be repaid in 48 monthly instalments and the principal amount was to be repaid in 10 instalments.

The resolution professional informed lenders Friday that voting on the three plans would close on January 7. The voting deadline has been extended amid a legal battle among creditors over the distribution of proceeds.

Credit to industry continued to register a strong pick-up, with total loans accelerating to 13.1%, while personal loans expanded at 19.7% in November, largely driven by housing and vehicle loans.

The Roys will continue to hold a 2.5% stake each in NDTV, according to the statement.

With China reopening in 2023 and OPEC cutting back on oil production, global oil consumption is projected to rise once more

India is currently going through another revolution powered by innovative blockchain technology. Over the last few years, the Web3 and crypto industry has witnessed stellar growth, with much increased opportunities and investment avenues.

The Dow Jones Industrial Average fell 99.19 points, or 0.30%, at the open to 33,121.61.

Now, the index has to continue to hold above 18,181 zones, for an up move towards 18,350 and 18,442 levels whereas supports are placed at 18,081 and 18,018 levels, said Chandan Taparia of Motilal Oswal.

Foreign portfolio investors (FPIs) sold 1,219.08 billion rupees ($14.73 billion) worth of Indian equities in 2022, till Dec. 29, the biggest selloff in Indian shares in a year since 1993, when data became available.

The central bank, which has on several occasions this year intervened in the spot and forwards market to protect the rupee, has said changes in reserves also stem from valuation gains or losses.