Page 18 - Debt

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

Telecom tariff hikes to ring in improved debt metrics in next fiscal: ICRA

Telecom service providers are expected to dial in next round of tariff hikes over the next one or two quarters

'Reliance Capital's EOI for asset monetisation receives 60 bids'

Reliance Capital's expression of interest for asset monetisation garnered mega response with 60 bids being received

DHFL used multiple software to hide fraudulent deals: forensic report

FoxPro used to show disbursements, receipt of funds from over 260,000 fictitious borrowers

Covid-19 pandemic pushes Union govt's debt past Rs 100-trillion mark

Sudden jump of Rs 7 trillion in Q1 pushed debt to record; enhanced borrowing this year will add to the debt stock by FY21-end, weakening its sustainability

Kamath committee: Analysts applaud criteria, but fear not all may benefit

Analysts remain skeptical of the timeline to implement the restructuring guidelines and the number of companies that may meet the eligibility criteria

Subordinate debt: A way for govt to hand out cash to needy MSMEs

The scheme provides liquidity to stressed MSMEs without really burdening them with heavy debt obligations and the banks are guaranteed the loan amount so they don't have to worry about repayment

UK govt debt tops $2.6 trn for first time; Sunak calls for tough decisions

It means Britain now owes an amount euiqvalent to more than 100 per cent of economic output, the heaviest burden since the early 1960s, the Office for National Statistics said on Friday

Debt restructuring to help India Inc to tide over Covid crisis: CEOs

The debt moratorium has helped many companies to conserve cash and re-start operations. Yet, CEOs say it isn't enough as consumer demand has not picked up to pre-Covid levels

Debt raising brings respite but financial condition is fragile: Economists

Taking advantage of low rates overseas and relatively relaxed norms by the Reserve Bank of India (RBI), Indian companies are lining up to raise resources abroad

Argentina says it struck deal with creditors over $65 billion debt

Argentina said it would extend the original deadline of Tuesday for reaching a deal to August 24 to finalise it

IL&FS expects to address over Rs 50,000 cr of its debt by March 2021

The group has shared its estimates of debt to be addressed over the next three quarters

India's debt to hit 87.6% of GDP in FY21; FRBM target only by FY30: Report

India's debt to GDP ratio has increased from Rs 58.8 trillion (67.4 per cent of GDP) in the financial year 2011-12 (FY12) to Rs 146.9 trillion (72.2 per cent)

Global debt surged to record $258 trillion in first quarter of 2020

The IIF said the first-quarter debt-to-GDP ratio jumped by over 10 percentage points, the biggest quarterly surge, to reach a record 331%

India in talks with Sri Lanka over its request for debt relief: MEA

Sri Lanka is reeling under a major economic crisis and has requested several countries and international donors, including India to provide debt relief