Page 18 - Debt
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
 "Telecom tariff hikes to ring in improved debt metrics in next fiscal: ICRA")
'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
 "'Reliance Capital's EOI for asset monetisation receives 60 bids'")
DHFL used multiple software to hide fraudulent deals: forensic report
FoxPro used to show disbursements, receipt of funds from over 260,000 fictitious borrowers
 "DHFL used multiple software to hide fraudulent deals: forensic report")
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
 "Covid-19 pandemic pushes Union govt's debt past Rs 100-trillion mark")
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
 "Kamath committee: Analysts applaud criteria, but fear not all may benefit")
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
 "Subordinate debt: A way for govt to hand out cash to needy MSMEs")
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
 "UK govt debt tops $2.6 trn for first time; Sunak calls for tough decisions")
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 restructuring to help India Inc to tide over Covid crisis: CEOs")
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
 "Debt raising brings respite but financial condition is fragile: Economists")
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
 "Argentina says it struck deal with creditors over $65 billion debt")
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
 "IL&FS expects to address over Rs 50,000 cr of its debt by March 2021")
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)
 "India's debt to hit 87.6% of GDP in FY21; FRBM target only by FY30: Report")
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
 "India in talks with Sri Lanka over its request for debt relief: MEA")
UTI MF to side-pocket debt exposure to Zee Learn following downgrade
Rating revision factored in likelihood of default on payments due on Wednesday
 "UTI MF to side-pocket debt exposure to Zee Learn following downgrade")
Reducing debt will end poverty trap for poor nations: World Bank chief
Developing countries and emerging markets face dire economic consequences from the pandemic given inadequate healthcare systems
 "Reducing debt will end poverty trap for poor nations: World Bank chief")
Adani Ports to raise $1.25 bn through dollar bonds to pay existing debt
They will be issued in one or more tranches overseas and listed in any one or more stock exchanges in India or overseas, the company said in a statement
 "Adani Ports to raise $1.25 bn through dollar bonds to pay existing debt")
Public debt accounts for 91% of Centre's Rs 94-trillion liabilities
Public debt accounted for 90.9 per cent of total outstanding liabilities as on March 31, 2020, said the quarterly report on Public Debt Management.
 "Public debt accounts for 91% of Centre's Rs 94-trillion liabilities")
Debt collector at age 12, C S Setty now chases $20 billion at SBI
Forty-two years later, Setty continues to collect on loans, albeit on a much larger scale.
 "Debt collector at age 12, C S Setty now chases $20 billion at SBI")
RIL raises over Rs 1 trn in 6 weeks, sells 19.9% stake in Jio Platforms
The Mukesh Ambani-led company plans to reduce debt with the proceeds from the stake sale
 "RIL raises over Rs 1 trn in 6 weeks, sells 19.9% stake in Jio Platforms")
