Latest News on Defaults
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Defaults - Total results - 7
Apr 13, 2020
Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damageRealty sector is the second-largest employer after agriculture and provides for both blue and white collar jobs, said CREDAI (national) chairman Jaxay Shah said.
Jan 08, 2019
Default rates among borrowers taking multiple loans from MSME lenders rise to 4.4% in three years: ReportThe study shows that 45 percent of the sanctions showing loan stacking behaviour belong to loans sanctioned by NBFCs and 23 percent of the borrowers who have taken loans from NBFCs fall in this category.
Aug 23, 2018
Reliance Infrastructure defaults on Rs 133 cr non-convertible debentures redemption payment; shares down 1.46%Reliance Infrastructure, however, said it expects to make these payments in the next few days from the proceeds from the sale of Mumbai Power Business to Adani Transmission for Rs 18,800 crore.
Feb 06, 2015
Break-up: How the Mirach-Sahara $2 bn deal to bail out Roy fell throughSahara Group's efforts to raise money to secure bail for its chief, Subrata Roy, have taken another turn, with Bank of America (BofA) refuting claims it is the banker for a $2-billion financing package offered to the group by a US-based entity.
Sep 16, 2014
Regulator says NSEL has no credibility, suggest govt should take over FTILStating that crisis-hit NSEL is "bereft of any credibility", regulator FMC today said it has recommended the government to consider merger of the spot commodity exchange with its promoter FTIL.
Sep 19, 2012
UB group auditors raise concern over exposure to Kingfisher, tax duesAuditors of UB group's holding firm, UBHL, have raised concerns over its significant exposure to debt-ridden Kingfisher Airlines, as also on delays and defaults related to tax dues and repayments to lenders.
Jul 07, 2011
No money, can't pay: Mother of all defaults looms in FCCBsWhen Indian companies piled into foreign currency convertible bonds in 2006-08, they thought it was free money that wouldn't have to be repaid, as it would get converted into equity. That won't happen, and the stage is set for many defaults.