Jio IPO set to be fully fresh funding; no OFSReliance Industries is shifting Jio Platforms' IPO from an offer for sale to a fresh issue due to investor disagreements on pricing. This m...
Sri Lanka's bondholders sign off on $12.55 billion debt overhaulSri Lanka's bondholders overwhelmingly supported the government's debt restructuring proposal. The plan exchanges existing bonds for new in...
What are the key challenges for Sri Lanka President Dissanayake?Sri Lanka has elected Anura Kumara Dissanayake as its new president. He faces significant challenges, including economic recovery, debt res...
Sri Lanka says it has deal with China EXIM bank covering $4.2 billion of debtSri Lanka has reached an agreement with the Export-Import Bank of China to cover $4.2 billion of its outstanding debt. The country is facin...
Developing countries in the grip of debt problemsZambia is making progress with a $6.3 billion debt rework deal with creditor nations and China. Sri Lanka has exchanged its dollar-denomina...
Where to park money? Options for debt mutual fund investors, HNIsInterest rates are on an uptick and rates have been hiked on small savings and fixed deposits. However, indexation benefits have been taken...
India says China should take losses in poor-nation debt reworkAbout 60% of the world’s poorest nations are in or at high risk of debt distress, IMF data show. The G-20 has set up a blueprint for restru...
Lenders ask Nicco to rework recast planAccording to IBC rules, the powers of the board of the company cease on the appointment of a resolution professional.
Jindal Stainless in trouble, promoter declines capital infusionJindal Stainless is facing fresh troubles in meeting CDR obligations as one of its promoter group firms has declined to infuse fresh equity...
- Jindal Stainless issues Rs 100-cr shares to promoter firm
The shares were issued on March 30. Scrip of the company today settled at Rs 53.40 apiece, up 12.30 per cent over the previous closing on t...
- Jindal Stainless to issue shares worth Rs 200.5 crore to promoters
Jindal Stainless said it will issue shares worth Rs 200.54 cr to its promoters on preferential basis to meet the conditions of reworked CDR...
- Cabinet nod for Rs 2 lakh crore debt rejig of SEBs
The government today cleared the proposal to restructure debt worth nearly Rs 2 lakh crore of state electricity boards, giving a boost to t...
Air India’s Rs 30,000 cr revamp stuck in red tapeAviation sources fear that restructuring may get expensive as loss-making Air India is dealing with higher debt servicing costs.
- Jindal Stainless seeks to reschedule Rs 9K cr debt repayments
Jindal Stainless has approached lenders to reschedule repayments of its over Rs 9,000 crore debt.
- Mistaken identity costs Future Group dear
The mistaken identity and the government’s failure to push through FDI in retail dampened sentiment at the counter.
- RBI rejects banks' plea to recast part of MFI exposure
Banks keen to rejig securitised paper they had bought from microfinance institutions.
- Reworked debt recovery laws to give a leg up to secured lenders
The reworked debt recovery laws will uphold the rights of secured creditors above government claims to incentivise banks and financial lend...