Page 7 - Debt

OIL looks to liquidate short term debt raised for NRL buy in current fiscal

The push to liquidate debt will mean no more acquisition or fund raising being planned this year

Lenders worry as troubled Future group works to keep payment deadlines

Group's financial metrics may deteriorate further in June quarter due to second wave

State-owned NTPC plans to raise term loans worth up to Rs 5,000 crore

State-owned NTPC on Wednesday invited proposals for raising term loans worth up to Rs 5,000 crore. The power producer has issued a Request for Proposal (RFP) for raising the amount and financial institutions can submit bids till 11 am on August 26, 2021. The bids would be opened the same day at 11.30 am, according to a letter by NTPC to financial institutions. The loans would be utilised towards capital expenditure for ongoing or new capacity addition programmes. These include takeover of projects, buying out Government of India's equity stake in PSUs under the disinvestment programme, renewable energy projects, coal mining & washeries, renovation & modernisation programmes of various projects, refinancing of loans and general corporate purposes. The minimum amount of loan offered by banks/ financial institutions shall be Rs 500 crore and in multiples of Rs 500 crore thereafter, as per the company. In case of two bidders quoting the same rates, preference will be given to ...

TN finance minister vows reforms as debt hits Rs 5.7 trn this fiscal

This is an over 4-fold rise from Rs 1.32 trillion in 2013-14, and nearly 10-fold over Rs 60,170 cr in 2006-07

Lenders to debt-laden Vodafone Idea look at swapping debt for equity

Over the years, Vodafone PLC has invested $30 billion in Vodafone India and has written off the entire investment

Beyond corporate deleveraging

India's growth drivers are under pressure

Vedanta consolidated Q1 PAT up four-fold at Rs 4,224 cr on revenue spike

Top line up 79% YoY at Rs 28,105 cr; lower base also spurs annual surge in bottomline

Bonds that fight poverty are booming in nations strafed by Covid-19

No nation fully dodged the societal side-effects of the pandemic, which erased jobs, increased poverty and exasperated inequality around the globe

Moody's places Sri Lanka's Caa1 rating under review for downgrade

Fragile external liquidity position raises the risk of default

Godawari Power and Ispat turns debt free, pays all long-term loans

Godawari Power and Ispat Ltd (GPIL) on Tuesday said it has become debt-free by repaying all its long-term loans

Household debt jumps to 37.3% of GDP in fiscal 2021, says report

Household debt has been steadily increasing ever since the GST implementation in July 2017

Future of Laos, its fiscal stability, hinges greatly on China: Expert

Moody's and Fitch credit rating agencies both downgraded Laos' sovereign ratings last year in response to the nominally communist country's escalating public debt, declining foreign exchange reserves

Japan to abolish fiscal advisory panel as Covid adds to debt pile

Japan will abolish on Thursday a nearly two-decade-old panel consisting of academics and corporate executives that has offered long-term proposals on fixing the country's worsening finances

Failure to raise debt limit would be 'catastrophic': US Treasury Secretary

Treasury Secretary Janet Yellen told a congressional panel that failing to raise the federal debt ceiling would have catastrophic consequences that could bring on a financial crisis

Religare Finvest's revised debt restructuring plan enters final stage

RFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business

Near-term headwinds could reverse United Spirits growth trajectory

Margin expansion, debt reduction and higher premium segment sales may offer some support to the stock

Jindal Steel prepays Rs 2,462 cr term loans, pares debt beyond commitment

JSPL has recently announced divestment of its thermal power business to reduce its debt further as well as to cut down on its carbon footprint by almost half

US government could breach debt limit after October 1: Think-tank

A Washington DC-based think-tank said that the US federal government is likely to run out of borrowing room and breach the debt limit after October 1.

CARE Debt index improves by 33 bps in April on better asset quality

Improvement was backed by enhancements in higher rated debt paper. As it is contemporary with minimum time lags, the health of debt and credit markets is encapsulated on a near-real-time basis

Recovery sustains in telcos' operating metrics; debt a big impediment: ICRA

ICRA on Monday said it expects steady recovery in telecom sector to sustain by way of ARPU expansion which is likely to boost revenues