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TELECOM LOANS DEFAULT
NCLT admits SBI plea for personal insolvency proceedings against Anil AmbaniMumbai NCLT has admitted SBI's plea to start personal insolvency proceedings against Anil Ambani. This follows a Rs 1,200 crore claim by th...- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- Those willing to look beyond the fog of war: 5 large-caps from different sectors with upside potential of up to 28%The news mix could not be more confusing. On the one hand, the US House voted to halt Trump’s Iran war, and Israel and Lebanon again agreed...
- From medical tourism to casinos, oil shock hits Southeast AsiaCompanies across aviation, retail, and manufacturing are implementing price hikes and cost-cutting measures. Disruptions to supply chains a...
- SC restores SBI-led lenders' rights in Reliance InfratelThe Supreme Court has reinstated the SBI-led consortium as financial creditors of Reliance Infratel. The consortium is owed ₹3,628 crore. T...
- SBI moves Supreme Court seeking review of spectrum ruling, flags impact on telecom insolvenciesThe State Bank of India is asking the Supreme Court to reconsider a recent ruling. The judgment prevents telecom spectrum from being treate...
- Omkara, Oaktree pay Rs 1,200 crore to buy GTL debt from EdelweissOmkara Asset Reconstruction Company and Oaktree Capital Management have acquired GTL Infrastructure's debt. The deal, valued at ₹1,200 cror...
- MTNL bank loan default reaches Rs 8,659 crore in JulyMahanagar Telephone Nigam Limited faces financial strain. The telecom company defaulted on loan repayments. The amount is 86.59 billion rup...
- Cabinet secretary to hold meeting next week on MTNL revivalCabinet Secretary TV Somanathan will convene a meeting next week to address the financial woes of MTNL, which faces significant loan defaul...
- MTNL defaults on Rs 8,346 crore in bank loans; total indebtedness reaches Rs 33,568 croreMTNL has defaulted on loan repayments exceeding Rs 8,300 crore to a consortium of banks, including Union Bank of India and State Bank of In...
- MTNL defaults on Rs 1,000 crore loan, Bank of India makes provisionBank of India has set aside Rs 200 crore after MTNL, a government-owned telecom company, defaulted on a Rs 1,000 crore loan. MTNL's financi...
- MTNL defaults on Rs 422 crore bank loan paymentsState-owned telecom company MTNL defaulted on bank loan payments of Rs 422.05 crore, including Rs 328.75 crore on the principal and Rs 93.3...
- Telecom debt not systemic risk to banks: FitchFitch said that though some cos like RCom are facing difficulties, others like Airtel, Vodafone, Idea and even Tata Telecom are in a much b...
- Modi government close to cracking telecom industry's Rs 8 lakh crore NPA puzzleThe Modi government seems to have cracked the debt code for the stressed telecom industry whose total borrowings amount to a whopping Rs 8 ...
- Over 10 banks red flag Anil Ambani's Reliance Communications over missed loan paymentsMore than 10 local banks have red-flagged their loans given to the mobile operator which has suffered a loss of Rs 966 cr in the January-Ma...
- Don’t default on your phone bills, your loan hinges on thatCredit information co's are seeking access to payment details of mobile bills by customers, to find customers credit history.
- Charging for spectrum of existing telecom companies discriminatory, says AUSPIDoT has proposed to charge for all spectrum held by existing players at the rates which new telcos will pay in the airwaves auction.
- Uninor lenders issue default notices: TelenorNorwegian Telecom major Telenor has said that lenders of its Indian arm, Uninor, have issued default notices to the firm as payment.
- Spectrum can't used be as collateral: Telecom departmentDoT has rejected the finance ministry's request to allow spectrum or airwaves held by mobile phone companies be used as collateral by lende...
- Banks to offer 'clean loans' to telcos for 3G spectrum buyBanks have agreed to give clean loans - the industry term for loans against which there is no specific security - to telecom companies to a...
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