Debt

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Debt - Total results - 383
Sri Lanka announces $1 billion economic relief package; won't default on debt, says finance minister
World

Sri Lanka announces $1 billion economic relief package; won't default on debt, says finance minister

Sri Lankan finance minister Basil Rajapaksa said that the country would duly pay the $500 million international sovereign bond payment due in a fortnight

Iran to accept tea in payment for Sri Lankan oil debt
World

Iran to accept tea in payment for Sri Lankan oil debt

The barter deal will allow sanctions-hit Iran to avoid having to use up scarce hard currency to pay for imports of the widely consumed staple

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe
World

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe

Louis Kuijs of Oxford Economics said in a report that “ugly growth numbers” in coming months are likely to prompt Beijing to ease lending controls

China property sector distress deepens as second company runs into financial troubles
World

China property sector distress deepens as second company runs into financial troubles

Fantasia Holdings missed the deadline to repay a $205.7 million loan

In locked-down Maharashtra, sugarcane field labourers' lives are upturned by rising debt, inability to access education
India

In locked-down Maharashtra, sugarcane field labourers' lives are upturned by rising debt, inability to access education

Countless young people in Maharashtra, whose families are engaged in cutting sugarcane, are faced with the reality of entering into an endless cycle of debt, labour in the fields, and eventually being forced to discontinue their education.

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak
Business

Moody's downgrades India's rating to Baa3; outlook remains ‘negative’; says move not driven by impact of COVID-19 outbreak

The global rating agency Moody's Investors Service on Monday downgraded India's rating to BAA3 from Baa2, and its short-term local-currency rating to P-3 from P-2

Reliance Industries selling 17% stake in Jio Platforms in one month to help pare half its net debt: Moody's
Business

Reliance Industries selling 17% stake in Jio Platforms in one month to help pare half its net debt: Moody's

Reliance Industries selling over 17 percent stake in its digital unit Jio Platforms for a combined Rs 78,562 crore in one month will help pare about half of its net debt of Rs 1.61 lakh crore, Moody's Investors Service said on Friday

COVID-19, lockdown impact: 27 mn youth in their 20s lost their jobs in April, reveals CMIE
Business

COVID-19, lockdown impact: 27 mn youth in their 20s lost their jobs in April, reveals CMIE

Over 27 million youngsters in their 20s lost their jobs in April. This has serious long-term repercussion, the CMIE report said.

Reliance Industries to sell $750 million stake in Jio Platforms to Silver Lake, on track to cut debt
Business

Reliance Industries to sell $750 million stake in Jio Platforms to Silver Lake, on track to cut debt

India’s Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest nearly $750 million in its digital arm, days after securing a $5.7 billion investment from Facebook Inc, boosting its efforts to cut debt

Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes
Business

Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes

As spooked investors called for a government intervention and debt mutual funds saw record withdrawals, traditional bank deposits have gained.

Foreign portfolio investors pull out Rs 10,347 cr from capital markets in April so far
Business

Foreign portfolio investors pull out Rs 10,347 cr from capital markets in April so far

Remaining risk-averse amid the coronavirus pandemic, overseas investors have withdrawn net Rs 10,347 crore from Indian capital markets in April so far

Hotels, hospitality sectors severely hit by COVID-19; India may get increased share of manufacturing, logistics business: Report
Business

Hotels, hospitality sectors severely hit by COVID-19; India may get increased share of manufacturing, logistics business: Report

Industry estimates indicate that in India, branded and organised hotels annual revenue is Rs 38,000 crore, it added.

Telecom shares drop 13%; surprise loser against other sectors as global lockdowns drive online sales from gaming to food delivery
Business

Telecom shares drop 13%; surprise loser against other sectors as global lockdowns drive online sales from gaming to food delivery

In Asia, Africa, Europe and the Americas, a combination of high fixed costs, debt and market disruption has left telcos significantly underperforming the data-hungry businesses their networks carry

Stock, commodity, bond, forex markets closed today for Good Friday; to resume trading on 13 April
Business

Stock, commodity, bond, forex markets closed today for Good Friday; to resume trading on 13 April

Market rebounded sharply from the opening losses and ended in the green on Thursday amid reports of government's second stimulus package worth about Rs 1 lakh crore soon.

Coronavirus Outbreak: ICRA says credit quality of Indian firms worsened in FY20; warns increase in stressed assets in FY21
Business

Coronavirus Outbreak: ICRA says credit quality of Indian firms worsened in FY20; warns increase in stressed assets in FY21

Domestic credit rating agency ICRA said credit quality of Indian companies worsened in the fiscal year 2019-20 as it downgraded Rs 7 lakh crore of debt and warned of "unprecedented strain" on credit profiles of corporates due to the coronavirus pandemic

Economic slowdown: Around Rs 10.52 lakh cr of corporate debt at risk of default over next 3 years: Report
Business

Economic slowdown: Around Rs 10.52 lakh cr of corporate debt at risk of default over next 3 years: Report

India Ratings and Research in a report said credit profiles of corporates are likely to remain under pressure as the economy grapples with a synchronised and prolonged economic slowdown.

Mutual Funds' asset base hit all time high of Rs 27 lakh cr in November on inflow in debt schemes
Business

Mutual Funds' asset base hit all time high of Rs 27 lakh cr in November on inflow in debt schemes

Mutual fund industry saw its assets base surpassing Rs 27 lakh crore-mark in November-end on the back of inflows in debt-oriented schemes including banking and PSU funds, which have a high allocation to highest rated bonds

Bharti Airtel board approves to raise up to $4 bn through equity dilution, debt funding
Business

Bharti Airtel board approves to raise up to $4 bn through equity dilution, debt funding

Telecom operator Bharti Airtel's board on Wednesday approved raising $4 billion through equity dilution and debt funding

India Economic Summit: Raising funds through equity, collateral for debt, root of financing deficit for women entrepreneurs, says Arundhati Bhattacharya
Business

India Economic Summit: Raising funds through equity, collateral for debt, root of financing deficit for women entrepreneurs, says Arundhati Bhattacharya

Highlighting the shortage of women entrepreneurs, Arundhati Bhattacharya said there were only about 19 percent women entrepreneurs in India and out of which in many of women are "figurative heads and it is actually men who are driving from behind"

Coffee Day Enterprises says deleveraging assets to ensure liquidity position of the company
Business

Coffee Day Enterprises says deleveraging assets to ensure liquidity position of the company

Coffee Day Enterprises Ltd (CDEL), whose long-term rating has been recently downgraded to 'D' by credit rating agency ICRA, is "deleveraging its assets" for debt reduction and to ensure liquidity position for the company