Page 17 - Debt

Failure to raise debt limit would be 'catastrophic': US Treasury Secretary

Treasury Secretary Janet Yellen told a congressional panel that failing to raise the federal debt ceiling would have catastrophic consequences that could bring on a financial crisis

Religare Finvest's revised debt restructuring plan enters final stage

RFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business

Near-term headwinds could reverse United Spirits growth trajectory

Margin expansion, debt reduction and higher premium segment sales may offer some support to the stock

Jindal Steel prepays Rs 2,462 cr term loans, pares debt beyond commitment

JSPL has recently announced divestment of its thermal power business to reduce its debt further as well as to cut down on its carbon footprint by almost half

US government could breach debt limit after October 1: Think-tank

A Washington DC-based think-tank said that the US federal government is likely to run out of borrowing room and breach the debt limit after October 1.

CARE Debt index improves by 33 bps in April on better asset quality

Improvement was backed by enhancements in higher rated debt paper. As it is contemporary with minimum time lags, the health of debt and credit markets is encapsulated on a near-real-time basis

Recovery sustains in telcos' operating metrics; debt a big impediment: ICRA

ICRA on Monday said it expects steady recovery in telecom sector to sustain by way of ARPU expansion which is likely to boost revenues

T'gana taking Rs 50,000 cr as loan every yr, may land in debt trap: Cong

Telangana Congress Legislative Party Leader Batti Vikramarka said the state government is taking around Rs 50,000 crore as loans every year and it may land into a "debt trap" if this continues

Debt-laden world, rising bond yields: a toxic taper tantrum combo

Global debt today stands at $281 trillion

Ind-Ra revises Vedanta's credit outlook to stable from negative

The ratings agency also affirmed the company's long-term issuer rating

Crisil upgrades long-term debt rating of Muthoot Finance to AA positive

Crisil Ratings has upgraded its ratings on long-term debt facilities of Muthoot Finance to AA positive with a stable outlook from AA.The upgrade is driven by Muthoot Finance's demonstrated ability to profitably scale up its core gold loan business while maintaining its strong financial risk profile.The rating rationale said established track record and brand name in gold financing industry, strong capitalisation and profitability among the best in industry which is expected to remain healthy are the strengths of Muthoot Finance.The change from AA to AA positive signifies reaching the highest standing in the category and the rating is just one level below AAA rating, which is the highest rating for long term debt instruments.Muthoot Finance said the rating upgrade will enable it to raise more long-term debt funds as well as attract a wider set of investors. Moreover, the company will be able to raise funds at much more competitive rates."This upgrade can further attract investments ...

A call to print more money: Economic Survey sees a 'V-shaped recovery'

Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey

India's debt levels to reduce even in low-growth scenario, says CEA

CEA said growth leads to debt sustainability and even if India were to have real GDP growth rate as low as 3.8% each year from 2022-23 to 2028-29, the country's debt levels will still come down

GDP growth leads to debt sustainability, says Economic Survey

Economic Survey made a case for an optimal fiscal stance

Private placement of debt hits all-time high of Rs 7.77 trn in 2020

Fund mobilisation through corporate bonds via the private placement route hit an all-time high in 2020

Bonds in India head for losses on PM Modi's near-record borrowing plan

The relentless supply of sovereign debt has been the biggest hurdle for Indian bonds this fiscal year, as pandemic relief efforts took precedence

Better market conditions, higher output help SAIL pare debt from peak level

Company says net debt down 15% from a peak of Rs 52,290 cr as on April 30, 2020, to Rs 44,308 cr on Dec 31, 2020

Oaktree provides unconditional, implementable plan for DHFL resolution

US-based Oaktree Capital has said its revised bid for the debt-ridden DHFL is unconditional and comes with a commitment of fresh capital infusion of Rs 1,000 crore for the revival of the company

Centre's debt touches 56.2% of GDP in first half of FY21, shows data

Outstanding debt was Rs 107.04 trn, 13.12% more than Rs 94.62 trn at FY20-end

RCom group owes about Rs 26,000 cr to Indian banks, financial institutions

Debt-ridden telecom firm Reliance Communications said the group owes around Rs 26,000 crore to Indian banks and financial institutions