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RAHUL SATIJA
Future Retail bonds tumble with stocks after Reliance deal blowThe Mumbai-based supermarket operator’s bonds maturing in 2025 fell by 5.6 cents on the dollar to 57.9 cents, the lowest since Aug. 19 last...
Goldman, Cerberus buy rare Indian junk bond offering 21%The firms invested in the 16 billion rupee ($221 million) issuance through various vehicles, according to an exchange filing Tuesday.
India’s biggest builder makes another attempt at selling sharesThe company, formerly known as Lodha Developers, has been trying to sell shares in an initial public offering since 2009. Macrotech made th...
Franklin India says investors may lose money if plan spurnedFranklin Templeton Asset Management India warned investors of potential losses if they vote against its plan to wind up more than $4 billio...
India funds halve shadow bank debt holdings as crisis persistsShadow banks are important lenders to smaller businesses, and policymakers have rolled out measures to support the financiers in recent mon...
IL&FS: Delays to key India shadow bank insolvency show coronavirus pandemic falloutPayments to creditors from Infrastructure Leasing & Financial Services Ltd., whose default in September 2018 triggered a lingering credit c...
Franklin India may take over five years to return some fundsThe development is the latest turn after the company shut six debt schemes last month.
Amazon partner in India slumps to record low in bond marketFuture Retail operates the popular hypermarket chain Big Bazaar in India.
Default fear pushes funds to ring-fence Vodafone Idea debtMutual funds are seeking to limit any fallout from a possible default by the telecom carrier.
Banks lured by 14-year-low borrowing costs binge on bondsIndian banks have issued a total of Rs 93 billion of local-currency notes since January.
Prolonged slide in financial health of Indian firms comes to endCare Ratings Debt Quality Index inched up 0.04 points to 88.02 in January, after eight straight months of decline.
Apollo, Varde pull out of race for shadow bank AlticoApollo Global and Varde Partners LP are no longer considering bidding for Altico Capital India Ltd., according to people familiar with the ...
Rescuers sought for shadow bank Altico as crisis deepensAlitco’s bad loans spiked to 23.8 per cent of its loan book in the July-September quarter.
Top shadow banks soothed by yield-hungry global fundsThe government needs a healthier shadow banking sector as it tries to boost economic growth.
Bond defaults are highest on record as economy slowsIndian companies have defaulted on a record Rs 7,600 crore bonds so far in 2019.
Care Ratings downgrades Patanjali as acquisition raises risksCare Ratings Ltd. downgraded Patanjali’s long-term bank facilities to A- from A+.
Worsening default risks are putting focus on stimulusCredit profiles of the nation’s companies worsened to a 19-month low in July.
NBFC woes send bond premiums to highest since 2013Trouble has only spread across the sector in recent months.
Jet Airways bailout puts focus on India banks' debt-to-equity lossesSBI and other creditors are planning to convert part of Jet's loans into equity as it struggles to repay debt.
RBI's new year giveaway may hurt credit cultureThat’s the view of India Ratings and Research Pvt., a Fitch group company, on the relaxation extended to the so-called micro, small and med...