Insolvency cases rise 18% in Oct-Dec, shows IBBI data
Mon, Feb 26, 2024 1:03 PM

Insolvency cases rise 18% in Oct-Dec, shows IBBI data

A Flip by Shubhangi Gupta
Get it on Google Play
Cases admitted under the corporate insolvency resolution process (CIRP) rose to 7,325 in the October-December quarter of the financial year 2023-24 from 6,199 in the corresponding quarter last year, latest data from the Insolvency and Bankruptcy Board of India (IBBI) showed. This marks a jump of 18 percent on a year-on-year basis. A total of 891 cases were approved for resolution.

More great flips

M&M Standalone March 2024 Net Sales at Rs 25,436.05 crore, up 12.69%

M&M Standalone March 2024 Net Sales at Rs 25,436.05 crore, up 12.69%

Reported Standalone quarterly numbers for Mahindra and Mahindra are: Net Sales at Rs 25,436.05 crore in March 2024 up 12.69% from Rs. 22,571.37 crore in March 2023.Quarterly Net Profit at Rs. 2,038.21 crore in March 2024 up 31.58% from Rs. 1,548.97 crore in March 2023.EBITDA stands at Rs. 3,666.19 crore in March 2024 up 17.09% from Rs. 3,131.22 crore in March 2023.

Open Flip
Rane Holdings Standalone March 2024 Net Sales at Rs 26.07 crore

Rane Holdings Standalone March 2024 Net Sales at Rs 26.07 crore

Reported Standalone quarterly numbers for Rane Holdings are:Net Sales at Rs 26.07 crore in March 2024 up 3.08% from Rs. 25.29 crore in March 2023.Quarterly Net Profit at Rs. 11.15 crore in March 2024 up 103.1% from Rs. 5.49 crore in March 2023.EBITDA stands at Rs. 15.43 crore in March 2024 up 23.24% from Rs. 12.52 crore in March 2023.Rane Holdings EPS has increased to Rs. 7.82 in March 2024.

Open Flip
3 Reasons to Buy Alphabet Stock Like There's No Tomorrow

3 Reasons to Buy Alphabet Stock Like There's No Tomorrow

For Alphabet investors, the big question that emerged from these developments is whether the advent of generative AI would spell trouble for Google's flagship search. Here are three of the biggest upgrades coming to Google Search and why investors should be buying the stock like there's no tomorrow. ✅AI Overviews ✅Video search powered by AI ✅Meal and travel planning.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon