Debt

China's debt diplomacy threatens African countries' natural assets

The crisis is worrying as most African countries with Chinese loans are witnessing a repayment crisis and are seeking deferment of interest payments and re-negotiating loan terms

Pak needs to pay $77.5 bn in debt; risk of default 'real': US think tank

Pakistan needs to repay a whopping USD 77.5 billion in external debt from April 2023 to June 2026 and the cash-strapped country may face "disruptive effects if it ultimately defaults, a prominent US think tank has warned. The analysis published on Thursday by the United States Institute of Peace (USIP) warned that amid skyrocketing inflation, political conflicts, and rising terrorism, Pakistan is facing the risk of a default due to its massive external debt obligations, the Geo News reported on Friday. Pakistan, currently tackling a major economic crisis, is grappling with high external debt, a weak local currency and dwindling foreign exchange reserves. The USIP report called the USD 77.5 billion that Pakistan needs to repay in external debt from April 2023 to June 2026 a hefty amount for a USD 350 billion economy. It stated that if Pakistan ultimately defaults, there will be a cascade of disruptive effects. In the next three years, the debt-struck country has to make major ...

The next day: Adani Group stocks rise after group denies news reports

As a result, the combined market capitalisation of the group rose by over Rs 20,000 crore

Renewed debt worries trigger sharp sell-off in Adani Group stocks

The group has been on a sticky wicket ever since the US-based short seller Hindenburg Research, in a report, alleged -- among other things -- stock manipulation and concerns about its debts

How India is breathing easy on corporate debt amid crisis elsewhere

Indian companies are doing better than peers, but business is slowing down

IMF, World Bank to convene next sovereign debt roundtable for April 3

The meeting comes amid continued delays in securing debt treatment agreements for Zambia, Ghana, and Ethiopia that US officials and others blame on foot-dragging by China

FRL insolvency: Creditors invite fresh bids, divide assets into 5 clusters

The creditors of Future Retail Ltd have now invited new expressions of interest where the prospective buyers can bid for the debt-ridden firm "as a going concern or individual cluster or a combination of clusters" of its assets as it failed to attract a resolution plan in over four months. Despite finalising 11 prospective bidders like Reliance and Adani group' JV April Moon Retail, FRL against which the corporate insolvency resolution process (CIRP) was initiated on July 20, 2022, failed to receive any bids till February 20, 2023 despite two extensions in deadline for submissions. Following this, lenders have decided to divide the assets into clusters to make them more attractive to buyers. "... the last date of receipt of resolution plans was December 15, 2022, which was subsequently extended to January 16, 2023 and thereafter to February 20, 2023. However, no resolution plans were received for FRL by the due date of submission of resolution plans for the Corporate ...

Avoid excess exposure to risky assets in times of high market volatility

Build emergency corpus, buy adequate life and health insurance, and don't take on too much debt

Road developers' debt to rise to Rs 30,000 crore by FY25: Crisil Report

Revenue growth also pegged to be high on strong awarding, says study

ADP merger likely to give wings to GMR Airports Infrastructure stock

Current fair value of Rs 48-Rs 50 indicates room for upside

Adani Group pre-pays over $900 million worth share-backed financing

Adani Group has been looking to ease concerns about its credit profile after a U.S.-based short seller noted high debt and alleged improper use of offshore tax havens and stock manipulation

33% debt investments in FY22 were to women-led enterprises: Caspian Debt

Multiple platforms, organisations and initiatives have come up that can help women set up, grow and lead businesses, fostering a more inclusive and innovative environment

Adani in talks for $400 mn debt against Australian coal port assets: Report

North Queensland Export Terminal, which is controlled by Adani family trust, is being considered to raise funds for the group, according to the report on Monday, citing sources aware of fundraising

G20 meet aims to find 'lasting solutions' to global debt issue: Govt

"There are countries that are facing huge debt problems and our aim in G20 will be to find lasting solutions to these problems"

Losing traction: BAFs' dream run halts even as equity market stays volatile

BAFs see outflows for four months on the trot after inflows stayed in the green for two years

'Fake Ebitda' masks risk in debt-laden companies, says report

The S&P analysts this week said the latest data reinforces their view that those Ebitda figures are "not a realistic indication of future Ebitda

India setting up $4 billion fund to backstop corporate debt market

During times of stress, the backstop fund could step into the market to buy relatively illiquid investment grade bonds

West Bengal's debt per capita stands at an estimate of more than Rs 60,000

With a population of around nine crore and cumulative debt of Rs 5.86 lakh crore, debt per capita in West Bengal stands at a conservative estimate of more than Rs 60,000. When the ruling Trinamool Congress assumed office in 2011, the total debt of the state stood at Rs 1.97 lakh crore. In the budget for 2023-24 presented in the state assembly on Tuesday, the West Bengal government has proposed to raise money from the market to the tune of Rs 79,000 crore, compared to the 2022-23 revised figure of Rs 75,000 crore. Noted economist Ajitava Ray Chaudhuri said, "The present generation has contracted such a debt stock which has to be repaid by the future generation". "If a such high debt is backed by equivalent assets created, the burden on future generation will be lower," Ray Chaudhuri said. The state's tax revenue for the year 2023-24 is also projected to be Rs 89,000 crore, in contrast to Rs 79,500 crore in the revised figure for 2022-23.

G20 finance chiefs to meet in India next week to discuss debt troubles

The Feb. 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is the first major event of India's G20 presidency and will be followed by a March 1-2 meeting of foreign ministers in New Delhi

World's next debt disaster seen brewing in Indonesia's builder binge

The struggles are already reminding some analysts and investors of the high-profile debt debacles in China and South Korea last year, which were centered on the nations' developers