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LOAN COVENANT
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...
- Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide lossesMost accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, ...
- 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...
- UAE companies struggle to raise fresh loans as war drags onBank lending in UAE is slowing down. Lenders are becoming more careful with new loans. This is happening because of the ongoing Iran confli...
- Ola Consumer's FY25 revenue drops 42%, losses widen, as company begins prep for IPOOla Consumer is moving ahead with its IPO plans. However, its recent financial reports show a significant drop in revenue and a doubling of...
- 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...
- 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...
- Banks should shift exposures from vulnerable MSMEs, lay-off-exposed retail borrowers: EYBanks must act on early risk signals amid the West Asia war. EY suggests shifting exposure from vulnerable small businesses and retail borr...
- The architecture of resilience: Why India’s private credit stands apartIndia’s private credit market stands resilient amid global stress due to its conservative fund structures, strict leverage norms, and close...
- Moody’s downgrades Ola’s rating; flags risk of loan covenant breachThe global rating agency has assigned a negative outlook to ride-hailing firm Ola’s parent, ANI Technologies. According to Moody’s, a breac...
- 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...
- Torrent Pharma says promoters haven't pledged sharesThe promoters are obligated to hold a minimum 26 per cent shares and management control of Torrent Pharma during the period of loans the co...
- What is covenant-lite loan?It is a type of loan whereby financing is given with limited restrictions on the debtservice capabilities of the borrower.
- Libor fall bails out Hindalco, JSWThe fall in the London Interbank Offered Rate; the world's most widely used reference rate for short-term lending — has come to rescue of t...
- Tata Steel gets lenders' nod for easier Corus loan termsTata 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 purchaseSuzlon Energy said it has reset the covenants on the loan it took to buy German wind power firm REpower Systems.
- Tata Steel gives banks more time for loan recastTata Steel has extended the deadline to reset the covenants on the loans it took to buy Corus, a company executive said on Wednesday.
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