Page 16 - Debt

Vedanta Resources reduces net debt by $300 mn in first half of FY'22

Expects to further reduce its debt by $500 million in the second half of FY'22

China's economy threatened by a property giant's debt problems

Real estate developer Evergrande once binged on debt. Now the music has stopped, investors are panicking and experts warning of an imminent failure

Bonds beckon as equity holdings get risky after rally, say experts

With interest rates expected to rise, it may be prudent to avoid long-term options, say experts

Quality of rated debt dips in August 2021: CARE Ratings

This was a second consecutive decline as CDQI print in June was 90.01

MIAL raises Rs 7,200 cr via NCDs and foreign loans, refinances debt

The capital raise happened last month and around Rs 6,500 crore of loans owned to domestic lenders were repaid

SAIL aims at reducing net debt to Rs 15,000-20,000 crore in FY22

Steel Authority of India Ltd is aiming at reducing its net debt to a range of Rs 15,000-20,000 crore in the current fiscal if the prices and demand for the commodity remain stable

Vodafone Idea in talks to refinance over Rs 6,000 crore of its debt

Fall in 4G customers is a concern as Airtel continues to increase its share

OIL looks to liquidate short term debt raised for NRL buy in current fiscal

The push to liquidate debt will mean no more acquisition or fund raising being planned this year

Lenders worry as troubled Future group works to keep payment deadlines

Group's financial metrics may deteriorate further in June quarter due to second wave

State-owned NTPC plans to raise term loans worth up to Rs 5,000 crore

State-owned NTPC on Wednesday invited proposals for raising term loans worth up to Rs 5,000 crore. The power producer has issued a Request for Proposal (RFP) for raising the amount and financial institutions can submit bids till 11 am on August 26, 2021. The bids would be opened the same day at 11.30 am, according to a letter by NTPC to financial institutions. The loans would be utilised towards capital expenditure for ongoing or new capacity addition programmes. These include takeover of projects, buying out Government of India's equity stake in PSUs under the disinvestment programme, renewable energy projects, coal mining & washeries, renovation & modernisation programmes of various projects, refinancing of loans and general corporate purposes. The minimum amount of loan offered by banks/ financial institutions shall be Rs 500 crore and in multiples of Rs 500 crore thereafter, as per the company. In case of two bidders quoting the same rates, preference will be given to ...

TN finance minister vows reforms as debt hits Rs 5.7 trn this fiscal

This is an over 4-fold rise from Rs 1.32 trillion in 2013-14, and nearly 10-fold over Rs 60,170 cr in 2006-07

Lenders to debt-laden Vodafone Idea look at swapping debt for equity

Over the years, Vodafone PLC has invested $30 billion in Vodafone India and has written off the entire investment

Beyond corporate deleveraging

India's growth drivers are under pressure

Vedanta consolidated Q1 PAT up four-fold at Rs 4,224 cr on revenue spike

Top line up 79% YoY at Rs 28,105 cr; lower base also spurs annual surge in bottomline

Bonds that fight poverty are booming in nations strafed by Covid-19

No nation fully dodged the societal side-effects of the pandemic, which erased jobs, increased poverty and exasperated inequality around the globe

Moody's places Sri Lanka's Caa1 rating under review for downgrade

Fragile external liquidity position raises the risk of default

Godawari Power and Ispat turns debt free, pays all long-term loans

Godawari Power and Ispat Ltd (GPIL) on Tuesday said it has become debt-free by repaying all its long-term loans

Household debt jumps to 37.3% of GDP in fiscal 2021, says report

Household debt has been steadily increasing ever since the GST implementation in July 2017

Future of Laos, its fiscal stability, hinges greatly on China: Expert

Moody's and Fitch credit rating agencies both downgraded Laos' sovereign ratings last year in response to the nominally communist country's escalating public debt, declining foreign exchange reserves

Japan to abolish fiscal advisory panel as Covid adds to debt pile

Japan will abolish on Thursday a nearly two-decade-old panel consisting of academics and corporate executives that has offered long-term proposals on fixing the country's worsening finances