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Friday, April 3, 2026
TopicDistressed assets

Topic: Distressed assets

Bank of America buys its biggest distressed asset in India 

The decision to purchase soured loans of Jayaswal Neco Industries Ltd, that makes cast iron pipes, adds to a growing trend of foreign investors exploring the India's massive pile of bad debt.

On Camera

Pakistan is fence-sitting on Iran War. Tehran prefers it there

There is no disagreement among Pakistan’s elite about which side they would take in a war between Tehran and Riyadh. Its role as a facilitator helps Islamabad avoid getting involved.

SEBI proposes return of open market share buybacks to support stocks

Regulator seeks feedback on allowing firms to repurchase shares via exchanges after tax changes, as markets reel from war-led selloff and foreign outflows.

India commissions its third nuclear-powered ballistic missile submarine—INS Aridhaman

INS Arihant was first vessel under SSBN project and was quietly commissioned in 2016. The second indigenous SSBN, INS Arighat, was commissioned in August 2024.

Gulf war exposed India’s fragilities. It’s time for navel-gazing, in the national interest

It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.