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COMMERCIAL ENTITIES DEFAULTERS
Mumbai Port Authority to recover Rs 3,500 cr rental arrears from defaultersMumbai Port Authority plans to recover Rs 3,500 crore in lease rental arrears. Criminal proceedings will be initiated against unauthorized ...
Time to score own goals: India's GCCs create world-class research, but rarely own the IP that generates future wealthIndia's innovation challenge lies in foreign ownership of research assets. Global Capability Centers generate significant revenue but do no...
Housing finance stocks: Is the worst of perception over? Time for a relook? 11 HFC stocks with upside potential from a low 6% to 30%As a sector, housing finance has borne the brunt of regulatory changes and various scams at different points of time. It is a sector that h...
Bank of Baroda to pay $600 million to settle NMC Health insolvency claimsBank of Baroda has agreed to a $600 million settlement with administrators of the insolvent NMC Health Plc. The bank faced allegations of g...
Udaan faces creditor heat; Bhavin Thurakia's fifth rodeoCreditors have dragged B2B ecommerce firm Udaan’s parent to Singapore court over a bond default. This and more in today's ETtech Top 5.
The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
Mohsin Naqvi-led Pakistan cricket's money mess deepens as PCB sends legal notice to PSL teamsPakistan cricket is in financial trouble. The Pakistan Cricket Board is sending legal notices to partners for billions in unpaid dues. Mean...
ET in the Classroom: Compromise settlements and technical write-offsThe RBI has asked lenders to put in place board-approved policies for undertaking compromise settlements with the borrowers as well as for ...
Instructions on compromise settlements rationalise regulatory norms: RBIBank unions AIBOC and AIBEA have opposed the Reserve Bank's move to allow lenders to settle loans of wilful defaulters under compromise set...
TRAI writes to key ministries, associations, NIC, others on new bulk SMS normsThe regulator has written to key stakeholders across sectors informing them at length about the rules, and urging them to advise entities a...
HDFC Bank, SBI, others not adhering to norms on bulk SMSes, says TRAI; sets Mar 31 deadline for full complianceHardening its stance on the issue, the Telecom Regulatory Authority of India (TRAI) warned that defaulting entities should comply with the ...
Sebi orders attachment of bank, demat accounts of Rhine and Raavi Credits & Holdings, 3 othersThe recovery proceedings have been initiated against the entities after they failed to pay fine totalling Rs 1 crore imposed on them in Mar...
Future Enterprises defaults on interest payments of NCDsFEL, which is having financial troubles, had last week also informed default on interest payment of another non-convertible debenture. Befo...
Fitch assigns 'BBB-' rating to REC’s proposed dollar notesREC's ratings are equalised with those of India -- BBB- (stable). Fitch believes there is a high likelihood of REC receiving extraordinary ...
IL&FS may file contempt plea against lenders for withdrawing Rs 800cr during moratoriumThe crisis at the NBFC had surfaced last September following a spate of repayment defaults due to internal mismanagement.
SFIO quizzes officials of Central Bank of India on IL&FS loansAs per sources in ED, the agency wants to know whom did the former board members award the retainership contracts during their tenure.
- Taxmen detect GST evasion by RCom, Reliance IDC
The two entities are engaged in internet and telecommunication services. The tax evasion was detected based on data analytics, commercial t...
Loan default: Listed cos get a breather from SebiSebi has decided to defer implementation of its earlier directive until further notice.
- Irda unveils rules for credit default swap investment
Insurance companies are now allowed to hedge interest rate risk as the Irda on Thursday issued the final guidelines on investment into CDS.
S&P, Moody's downgrade 5 Dubai govt entitiesThe global rating agencies S&P and Moody's have downgraded the credit ratings for several government-related entities in Dubai on fears abo...