What will happen to Jaiprakash Associates shares after Adani wins insolvency battle?

Synopsis: The NCLT rejects Vedanta’s plea challenge and approves Adani Enterprises’ Rs 15,343 crore bid for insolvent Jaiprakash Associates. The Adani  group to now gains massive land parcels, cement capacity, and infrastructure assets through the acquisition Jaiprakash Associates Limited (JAL), once the crown jewel of the Jaypee Group, was admitted into the Corporate Insolvency Resolution…

FCA: regulated firms need to help consumers in debt

Firms need to support consumers in financial difficulty “without unnecessary barriers”, the Financial Conduct Authority has set out in its regulatory priorities for consumer finance. Published today (March 17), the priorities replace more than 40 portfolio letters published each year, to provide firms with a “succinct one-stop shop”. The FCA set out there was growth…