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DEBT COVENANT
SP Group seeks more time to repay bonds nearing maturityShapoorji Pallonji Group has reduced its ₹28,500 crore refinancing by ₹3,500 crore and is seeking a two-month extension on ₹14,300 crore of...
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
Vanguard marks Ola valuation down to $70 million, 99% lower from peakFunds managed by US investment giant Vanguard have slashed the fair value of ride-hailing platform Ola’s parent, ANI Technologies, to $70 m...
Fix the ABC of IBC: Why we should re-engineer the bankruptcy code furtherThe recent litigation around Jaypee has once again unleashed a raging debate over arbitrary decision-making by financial creditors, lack of...
Profit on paper, loss in reality: How a routine accounting tool is used to deceive and take investors for a rideAmortisation is a number most investors skip, but it can shape reported profit. On the surface, it looks routine: A company spreads the cos...
Bringing institutional-grade research to bonds is a game changer for retail investors: Saurav Ghosh of JiraafJiraaf's Co-Founder Saurav Ghosh highlights the critical need for institutional-grade research in India's evolving bond market. He explains...
Shapoorji Pallonji to close Rs 25,400 crore financing by mid-MayShapoorji Pallonji Group is set to raise about Rs 25,400 crore by May 15. This funding will be used to refinance existing debt. The group i...
SP Group to raise Rs 25,400 crore via bonds, loansShapoorji Pallonji Group is nearing the closure of a ₹25,400 crore debt raise by May 15, featuring annual coupons around 18.75%. This fundr...
The dollar is dead, long live the dollar!Wars have shaped the US dollar's global power. From financing conflicts to becoming the reserve currency, its reign was cemented by agreeme...
ETMarkets AIF Talk| Performing credit emerges as core portfolio allocation for investors: Amit DharodIndia’s private credit market is emerging as a key part of alternative investments, supported by structural changes in lending and rising d...
Private Credit emerges as alternative investment when equities are still struggling to reach their past peakThe drop in equity indices, coupled with macro stress from the war in the Middle East, has led major equity brokerages to downgrade India. ...
Alphabet bonds' lack of guardrails highlights investor confidenceGoogle parent Alphabet raised $31.51 billion across U.S. dollar, sterling and Swiss franc bond markets in a global bond raise on Monday and...
Alphabet bonds' lack of guardrails highlights investor confidenceAlphabet's recent $31.51 billion global bond sale highlights strong investor demand for AI hyperscalers, but raises concerns over a lack of...
Renegotiate loan terms or they may turn into ‘current liabilities’, auditors warn companiesIf the loans are classified as “current liabilities” in the year-end financials, it will impact the company’s liability-to-asset ratio, hin...
- Change in accounting principles may hit companies' ability to borrow
The ministry issued the revised Schedule VI to Companies Act, through a notification (No. S.O. 447 (E)) by laying down a new format for pre...
- Suzlon seen in talks to sell Hansen stake
Suzlon, the world's fifth-largest wind turbine maker, is exploring the option of selling a large portion of its stake in Belgian company Ha...
- Tata Steel gets lenders' nod for easier Corus loan terms
Tata Steel UK, an indirect subsidiary of Tata Steel has got lenders approval to reset covenants for its GBP 3.7 billion loan that was taken...
- Suzlon resets loan covering for Repower purchase
Suzlon Energy said it has reset the covenants on the loan it took to buy German wind power firm REpower Systems.
- Tata Steel UK to prepay debt of over 200 mn pounds
Tata Steel UK informed its lenders that it would prepay debt of over 200 million pounds to continue its objective of making its European op...
- Morgan Stanley 'downgrades' Suzlon Energy
Morgan Stanley has “downgraded” Suzlon Energy from overweight to equal-weight while lowering the price target to Rs 52.45 from the earlier ...