Page 9 - Debt

Debt restructuring to help India Inc to tide over Covid crisis: CEOs

The debt moratorium has helped many companies to conserve cash and re-start operations. Yet, CEOs say it isn't enough as consumer demand has not picked up to pre-Covid levels

Debt raising brings respite but financial condition is fragile: Economists

Taking advantage of low rates overseas and relatively relaxed norms by the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad

Argentina says it struck deal with creditors over $65 billion debt

Argentina said it would extend the original deadline of Tuesday for reaching a deal to August 24 to finalise it

IL&FS expects to address over Rs 50,000 cr of its debt by March 2021

The group has shared its estimates of debt to be addressed over the next three quarters

India's debt to hit 87.6% of GDP in FY21; FRBM target only by FY30: Report

India's debt to GDP ratio has increased from Rs 58.8 trillion (67.4 per cent of GDP) in the financial year 2011-12 (FY12) to Rs 146.9 trillion (72.2 per cent)

Global debt surged to record $258 trillion in first quarter of 2020

The IIF said the first-quarter debt-to-GDP ratio jumped by over 10 percentage points, the biggest quarterly surge, to reach a record 331%

India in talks with Sri Lanka over its request for debt relief: MEA

Sri Lanka is reeling under a major economic crisis and has requested several countries and international donors, including India to provide debt relief

UTI MF to side-pocket debt exposure to Zee Learn following downgrade

Rating revision factored in likelihood of default on payments due on Wednesday

Reducing debt will end poverty trap for poor nations: World Bank chief

Developing countries and emerging markets face dire economic consequences from the pandemic given inadequate healthcare systems

Adani Ports to raise $1.25 bn through dollar bonds to pay existing debt

They will be issued in one or more tranches overseas and listed in any one or more stock exchanges in India or overseas, the company said in a statement

Public debt accounts for 91% of Centre's Rs 94-trillion liabilities

Public debt accounted for 90.9 per cent of total outstanding liabilities as on March 31, 2020, said the quarterly report on Public Debt Management.

Debt collector at age 12, C S Setty now chases $20 billion at SBI

Forty-two years later, Setty continues to collect on loans, albeit on a much larger scale.

RIL raises over Rs 1 trn in 6 weeks, sells 19.9% stake in Jio Platforms

The Mukesh Ambani-led company plans to reduce debt with the proceeds from the stake sale

UNCTAD predicts $3.4 trillion debt for developing countries amid Covid-19

The financial turmoil from the crisis has triggered record portfolio capital outflows from emerging economies and sharp currency devaluations in developing countries, making servicing their debts more

7 personal finance tips to guide you through these unprecedented times

Coming out of these unusual times financially fitter and stronger would require discipline, perseverance, conservancy tricks and fortitude. Here are some handy tips for millennials

Suzlon Energy's total debt at Rs 14,262 cr, includes FCCB worth Rs 1,376 cr

The company's total outstanding borrowing from banks or financial institutions is Rs 12,885.75 crore, according to a regulatory filing by Suzlon.

Move from debt to equity, but gradually

The only social distancing I am unable to do is give up my morning walks, which is in an open ground

Debt Quality Index declines again in February, says CARE Ratings

However, there was a marginal improvement seen in January this year on account of enhancements in higher rated debt papers

Budget: Govt proposes credit guarantee on debt in crisis-hit NBFCs, HFCs

The government has proposed to provide credit guarantee for the NBFC sector that has been facing liquidity crisis since the burst of the IL&FS scam nearly one-and-a-half years ago. Besides, the asset-wise eligibility criterion to be admitted under the debt recovery process has been reduced, according to Budget documents. To address the liquidity constraints of non-banking financial companies (NBFCs) and housing finance companies (HFCs), the government proposed to set up a partial credit guarantee scheme for the sector after the Union Budget 2019-20. "To further this support of providing liquidity, a mechanism would be devised. The government will offer support by guaranteeing securities so floated," the Budget documents said. Pawan Singh, managing director and CEO, PTC India Financial Services, said, "The announcement of the government's intent to guarantee securities floated to provide liquidity for NBFCs is expected to help in tiding over the current liquidity crunch." The ...

Air India divestment process finally takes off, with sweetened deal terms

The govt has announced it would absorb 30% more in debt and liabilities, than in the previous year