Financial Distress

Financial Distress News

Chennai: Man ends life after killing his wife, two children with wood cutting machine
India

Chennai: Man ends life after killing his wife, two children with wood cutting machine

The gruesome deaths came to light when the neighbours, on suspicion, went up to the house and found the family of four lying in a pool of blood with their throats slit

Farm loan waivers to crimp states' capital spending; revenue deficit widens despite higher receipts: Report
Business

Farm loan waivers to crimp states' capital spending; revenue deficit widens despite higher receipts: Report

Last year, larger states like Uttar Pradesh, Maharashtra, Karnataka, Tamil Nadu had also announced farm loan waivers as financial distress kept rising among farmers.

DGCA monitoring cash-strapped Jet Airways' financial health, safety issues on fortnightly basis
Business

DGCA monitoring cash-strapped Jet Airways' financial health, safety issues on fortnightly basis

Aviation regulator DGCA is assessing the "health" of cash-crunched Jet Airways on a fortnightly basis following a financial audit of the carrier in August this year

HDFC Bank in Reserve Bank's too-big-to-fail list of lenders along with SBI and ICICI Bank
Business

HDFC Bank in Reserve Bank's too-big-to-fail list of lenders along with SBI and ICICI Bank

Too Big To Fail status creates expectation of government support for them in times of financial distress.