Debt

CoC approves JSW Energy's resolution plan for Raigarh Champa Rail Infra

JSW Energy has secured the approval of the creditors of Raigarh Champa Rail Infrastructure for its proposal to acquire the debt-laden entity currently under the insolvency process. JSW Energy acquired KSK Mahanadi Power Company Ltd (KMPCL), a 3,600 MW thermal power plant in Chhattisgarh, for Rs 16,084 crore through the insolvency process, in March this year. After the KMPCL acquisition, JSW Energy held significant indirect ownership in Raigarh Champa Rail Infrastructure Private Limited (RCRIPL), which is the sole provider of rail infrastructure for coal transportation services to KMPCL. In an exchange filing on Thursday, JSW Energy said, "We wish to inform that the resolution plan submitted by the company for RCRIPL under the corporate insolvency resolution process has been approved by the Committee of Creditors". JSW Energy said it received a Letter of Intent from the Resolution Professional on Wednesday. The closure of the transaction will be subject to the receipt of approval f

Best of BS Opinion: The night, the noise, and the need for balance

Today's pieces look at public debt and economic stability, trade as strategic leverage, the continuing unemployment crisis in Bihar, and how pollution has turned the Milky Way's light into an irritant

Godrej Group firm plans third debt sale in as many months, eyeing $230 mn

The STRPP bonds are set to have a maturity ranging from three years to four years

Omkara ARC acquires Wind World India's debt with ₹1,225-cr offer

Omkara Asset Reconstruction Company on Friday said it has bagged Rs 3,763 crore debt of the bankrupt Wind World India with a Rs 1,225-crore bid. The Areion Group ARC said it has acquired the debt from the National Asset Reconstruction Company Ltd (NARCL), the state-run bad bank, under the Swiss challenge method, as per a statement. The win will make the ARC as the lead decision maker in Wind World India's ongoing Corporate Insolvency Resolution Process (CIRP) as it has secured an 80 per cent voting share in the Committee of Creditors (CoC) with the Rs 1,225-crore investment. WWIL, which was formerly known as Enercon India, operates 650 MW of renewable energy projects and manages the operations and maintenance for 4,500 MW of installed capacity across Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, and Madhya Pradesh, as per the statement. The Rs 3,763-crore debt was originally assigned to NARCL by a consortium of leading lenders nearly 18 months ago. As the

India's external debt climbs to $747.2 billion at June-end: RBI report

India's external debt stood at USD 747.2 billion at the end of June 2025, an increase of USD 11.2 billion over its level at March-end 2025, according to the Reserve Bank data released on Tuesday. The external debt to GDP ratio moderated to 18.9 per cent at the end of June 2025 from 19.1 per cent at the end of March 2025. It said that valuation loss due to the depreciation of the US dollar vis-a-vis the Indian rupee and other major currencies such as yen, the euro and SDR amounted to USD 5.1 billion. Excluding the valuation effect, external debt would have increased by USD 6.2 billion instead of USD 11.2 billion at the end of June 2025 over March-end 2025. Releasing 'India's External Debt as at the end of June 2025' data, the RBI said that at the end of June 2025, long-term debt (with original maturity of above one year) was USD 611.7 billion, recording an increase of USD 10.3 billion over its level at March-end 2025. The share of short-term debt (with original maturity of up to on

India to sell new 10-year government bond on October 3 to raise $3.6 bn

The current benchmark 6.33 per cent 2035 bond has an outstanding of 1.8 trillion rupees

Avenue Supermarts raises ₹100 cr short term debt; opens new store in Delhi

Avenue Supermarts Ltd, which operates the D-Mart retail chain stores, has raised Rs 100 crore in short-term debt through the issuance of commercial paper. The commercial paper, which has been issued on Monday and will mature after 91 days on December 29, 2025, bears a coupon rate of 6 per cent. The said commercial paper (CP) is proposed to be listed on the BSE, said a regulatory filing by the company. The CP has a Credit Rating of ICRA A1+', it added. In a separate filing, Avenue Supermarts informed that it has opened a new store in New Delhi at Epicah Mall & Business Centre, Moti Nagar on Tuesday. With this, the total number of D-Mart stores "as on date stands at 431", it added. Promoted by Radhakishan Damani and his family, DMart retails basic home and personal products across markets, which include Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.

RBI asks states to spread borrowings across tenures as bond yields surge

In a meeting this week with state government officials, the RBI advised states to spread their borrowing across the yield curve

Kaleidofin Capital raises $3 million in debt from Triodos for 3-year tenure

Kaleidofin Capital raised $3 million in debt from Triodos Investment Management to support informal sector enterprises including agriculture and dairy segments

Reliance Infra to sell Pune-Satara toll road for ₹2,000 cr to cut debt load

Reliance Infra to sell Pune-Satara Toll Road for ₹2,000 crore, cut ₹1,400 crore debt, and free ₹600 crore equity to fund future business growth opportunities

NARCL places Rs 631-cr anchor bid for BGR Energy stressed debt auction

NARCL has bid Rs 630.67 crore to acquire over Rs 3,500 crore of stressed debt of BGR Energy Systems via a Swiss challenge auction, offering lenders 18 per cent recovery

DPDzero raises $7 mn Series A to scale AI-powered debt collections

Debt collections platform DPDzero secures $7 mn Series A funding led by GMO Venture Partners, SMBC Asia Rising Fund, and Blume Ventures to expand AI and field collection network

Wine, music and jets draw scrutiny of asset-backed private credit managers

Investors are becoming more discerning after a period of rapid growth in the sector, fueled by demand from insurance companies for investment-grade rated strategies

Cong slams Modi govt over rise in per capita debt of individual borrowers

The Congress on Wednesday slammed the Centre over the rise in the per capita debt of individual borrowers and said the government is constantly trying to hide the real shortcomings by taking the help of statistics and experts, but the debt burden on the country is at its peak in "Modi Raj". Congress general secretary in-charge communications Jairam Ramesh shared screenshots of media reports to attack the government. One media report stated that the average debt of every person in the country has increased by Rs 90,000 in the last two years and the per capita debt of individual borrowers increased to Rs 4.8 lakh in March 2025 from Rs 3.9 lakh in March 2023. The other report shared by Ramesh said 25.7 per cent of the common man's disposable income is going towards paying EMIs of loans which are non-productive for him in the future. "Debt of 'Achhe Din'! The Modi government has ruined the country's economy in the last eleven years. No effort was made to improve the lives of the people

Union Bank of India to garner ₹6,000 crore through equity, debt mix

The decision in this regard was taken in the board meeting held on Wednesday, Union Bank of India said in a regulatory filing

Dalio's debt playbook: What Japan got wrong, and India may be getting right

In 'How Countries Go Broke', the billionaire investor offers a sweeping view of macro cycles and fiscal choices - arguing for 'beautiful deleveraging' as the best path through rising global risk

Pakistan's debt increases to PKR 76,000 billion by end-March 2025

Pakistan's debt has increased to PRs 76,000 billion in the first nine months of the current fiscal year, according to the economic survey, which indicated that the cash-strapped country's economy is likely to grow by 2.7 per cent this year. Finance Minister Muhammad Aurangzeb, who released the Economic Survey 2024-25 Monday, said Pakistan's economy has been on the path to recovery for the last two years, and the process was further stabilised and strengthened in the current fiscal year. The survey is a key pre-budget document highlighting the economic performance of the government in the fiscal year 2024-25. Pakistan's financial year begins on July 1. In the first nine months of the current fiscal year, the government's debt increased to PRs 76,000 billion, including PRs 51,500 billion from local banks and PRs 24,500 billion in loans from external sources, according to the document, which comes a day before the presentation of the budget. Addressing a press conference after launchi

SAIL reduces debt by around ₹750 cr, plans to bring it down further in FY26

Country's largest steel player SAIL, which has a debt of nearly Rs 27,000 crore, has managed to bring down its debt by around Rs 750 crore last year and is planning to reduce it further, a senior company official said. "Today, the debt is around Rs 26,800 crore... and we're planning to reduce it further in this financial year. Last year also we reduced by around Rs 750 crores. "And now we are planning to reduce month-on-month," SAIL (Steel Authority of India Ltd) Director Finance Ashok Kumar Panda said during Q4 & FY '25 Conference Call. And going forward, when the capex will increase, the company will have two-pronged approach, he said. "Number one, we'll try to increase our profitability. So from internal accruals, we'll be able to compensate a part of the requirement. "And the rest part we will line up other instruments available for getting the fund... Our debt-to-equity ratio is good enough to take care of these two aspects going forward," he explained. SAIL has a capex ...

Panchkula horror: How a family of 7 died in suspected mass suicide

Seven members of a family were found dead in a parked car in Panchkula, Haryana, in a suspected case of mass suicide. The family was reportedly under heavy debt, and a suicide note has been recovered

Explained: Why the IMF is warning the US debt is near breaking point | Trump tariffs

Did you know? The US' debt levels could soon surpass its post-World War II peak back in 1945, yes, even higher than during the Great Depression.