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
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
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
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
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
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
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
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
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
As spooked investors called for a government intervention and debt mutual funds saw record withdrawals, traditional bank deposits have gained.
Remaining risk-averse amid the coronavirus pandemic, overseas investors have withdrawn net Rs 10,347 crore from Indian capital markets in April so far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
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
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
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
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
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 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
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
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 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