Financial Stress

Showing 1 of 18 from 18 results
Financial Stress - Total results - 18
DoT mulls withdrawing cases against telcos involving disputes of Rs 40,000 crore
Business

DoT mulls withdrawing cases against telcos involving disputes of Rs 40,000 crore

The Department of Telecom (DoT) said that the telecom sector is passing through a financial stress due to various circumstances and telecom services providers are making losses

Moody's pegs FY21 GDP expansion at 0%; says India's rating outlook reflects rising risk of slower growth, low policy effectiveness
Business

Moody's pegs FY21 GDP expansion at 0%; says India's rating outlook reflects rising risk of slower growth, low policy effectiveness

Moody's had, in November 2019, downgraded India's outlook to negative from stable on concerns of lower economic growth.

RBI governor meets bank chiefs; reviews execution of measures aimed at reducing financial stress
Business

RBI governor meets bank chiefs; reviews execution of measures aimed at reducing financial stress

The RBI governor appreciated the efforts of banks in ensuring normal to near normal operations during the lockdown period.

PMC Bank impact: RBI revises norms for urban cooperative banks; to place them under supervision if net NPAs exceed 6%
Business

PMC Bank impact: RBI revises norms for urban cooperative banks; to place them under supervision if net NPAs exceed 6%

Following the exposure of scam in the PMC Bank, which has over 9.15 lakh depositors, the RBI imposed restrictions on withdrawals.

Airtel, Vodafone Idea new rates effective from today: Tariff hike good for customers; to boost govt revenue, create jobs, says COAI
Business

Airtel, Vodafone Idea new rates effective from today: Tariff hike good for customers; to boost govt revenue, create jobs, says COAI

This is the first hike in the past five years in the country's telecom space that was facing tariff war, with voice calls becoming almost free in 2016 and steep 95 percent fall in data prices to Rs 11.78 per GB at present from Rs 269 per GB in 2014

Vodafone Idea, Airtel shares jump up to 8.5% amid govt move to set up panel to mitigate telecom financial stress
Business

Vodafone Idea, Airtel shares jump up to 8.5% amid govt move to set up panel to mitigate telecom financial stress

As the telecom sector stares at a massive payout following a Supreme Court order, the government has created a Committee of Secretaries to work out a financial bailout package

Govt to look at financial stress in telecom sector after Supreme Court orders massive payouts
Business

Govt to look at financial stress in telecom sector after Supreme Court orders massive payouts

As the telecom sector stares at a massive payout following a Supreme Court order, the government has constituted a Committee of Secretaries to work out a financial bailout package that may include lowering of spectrum charges as well as ending the era of free mobile phone calls and dirt cheap data

SC verdict on AGR: Telcos have long ignored the warning signals on revenue underreporting; cartelisation won't help this time
Business

SC verdict on AGR: Telcos have long ignored the warning signals on revenue underreporting; cartelisation won't help this time

The Supreme Court decision of giving three months is liberal considering the stringent provisions of the Insolvency and Bankruptcy Code 2016

US fund Invesco pays 10% premium to pick 11% more in Zee for Rs 4,224 cr; group to lower debt to Rs 7,000 cr
Business

US fund Invesco pays 10% premium to pick 11% more in Zee for Rs 4,224 cr; group to lower debt to Rs 7,000 cr

The price being paid by Invesco, which is a financial investor already holding 7.74 percent in Zee for long, is around Rs 400 a share,

Govt wants fair competition, will not encourage monopoly, says Telecom Minister Ravi Shankar Prasad to telco CEOs
Business

Govt wants fair competition, will not encourage monopoly, says Telecom Minister Ravi Shankar Prasad to telco CEOs

Telecom minister met CEOs of telecom companies including Bharti Airtel, Reliance Jio, Vodafone Idea and state-owned Bharat Sanchar Nigam Ltd

DHFL demise imminent just like debt-ridden IL&FS: India’s regulators, raters failed to catch early signs of NBFC mess
Business

DHFL demise imminent just like debt-ridden IL&FS: India’s regulators, raters failed to catch early signs of NBFC mess

In the case of both IL&FS and DHFL, rating agencies stepped in the last minute to call out the nature of stress in these firms and warn investors

Stiff competition, high employee costs lead to financial stress in MTNL, BSNL, but no proposal to shut down state-run units: Ravi Shankar Prasad
Business

Stiff competition, high employee costs lead to financial stress in MTNL, BSNL, but no proposal to shut down state-run units: Ravi Shankar Prasad

Employee cost of BSNL is 75.06% and MTNL is 87.15% of their total income, while for private telecom companies varies between 2.9 to 5%

Jet Airways crisis: Private airlines need to deal with issues facing them on their own, says Suresh Prabhu
Business

Jet Airways crisis: Private airlines need to deal with issues facing them on their own, says Suresh Prabhu

Jet Airways, which has been flying for over 25 years, is facing financial woes and its share price has taken a beating in recent weeks.

Telecom minister Manoj Sinha assures 'corrective steps' to ensure growth in the sector
Business

Telecom minister Manoj Sinha assures 'corrective steps' to ensure growth in the sector

The meeting comes just days after an inter-ministerial group held a dialogue with all telecom companies on the industry's financial stress and measures that can be taken to ease the situation.

Sunil Mittal, Anil Ambani, other telco heads to meet minister Manoj Sinha to discuss stress in sector
Business

Sunil Mittal, Anil Ambani, other telco heads to meet minister Manoj Sinha to discuss stress in sector

The meeting comes just days after an inter-ministerial group held a dialogue with all telecom companies on the industry's financial stress and measures that can be taken to ease the situation.

Govt discusses action plan for operationalising bankruptcy law
Business

Govt discusses action plan for operationalising bankruptcy law

The Code was approved by Parliament as well as notified by the government in May.

Wilful defaulters watch out: RBI will make borrowing way more expensive
Economy

Wilful defaulters watch out: RBI will make borrowing way more expensive

The Reserve Bank of India will announce next weeks steps to recognise and resolve financial stresses, including making it more expensive for so-called wilful defaulters to borrow funds, governor Raghuram Rajan said on Wednesday.<br /><br />

Govt is doing the right things to overcome this period of stress: FM
Economy

Govt is doing the right things to overcome this period of stress: FM

Asserting that the government has the capacity to overcome "this period of stress", Union Finance Minister Chidambaram today said the current account deficit will be contained below $70 billion this fiscal.