Page 19 - Debt

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

UNCTAD predicts $3.4 trillion debt for developing countries amid Covid-19

The financial turmoil from the crisis has triggered record portfolio capital outflows from emerging economies and sharp currency devaluations in developing countries, making servicing their debts more

7 personal finance tips to guide you through these unprecedented times

Coming out of these unusual times financially fitter and stronger would require discipline, perseverance, conservancy tricks and fortitude. Here are some handy tips for millennials

Suzlon Energy's total debt at Rs 14,262 cr, includes FCCB worth Rs 1,376 cr

The company's total outstanding borrowing from banks or financial institutions is Rs 12,885.75 crore, according to a regulatory filing by Suzlon.

Move from debt to equity, but gradually

The only social distancing I am unable to do is give up my morning walks, which is in an open ground

Debt Quality Index declines again in February, says CARE Ratings

However, there was a marginal improvement seen in January this year on account of enhancements in higher rated debt papers

Budget: Govt proposes credit guarantee on debt in crisis-hit NBFCs, HFCs

The government has proposed to provide credit guarantee for the NBFC sector that has been facing liquidity crisis since the burst of the IL&FS scam nearly one-and-a-half years ago. Besides, the asset-wise eligibility criterion to be admitted under the debt recovery process has been reduced, according to Budget documents. To address the liquidity constraints of non-banking financial companies (NBFCs) and housing finance companies (HFCs), the government proposed to set up a partial credit guarantee scheme for the sector after the Union Budget 2019-20. "To further this support of providing liquidity, a mechanism would be devised. The government will offer support by guaranteeing securities so floated," the Budget documents said. Pawan Singh, managing director and CEO, PTC India Financial Services, said, "The announcement of the government's intent to guarantee securities floated to provide liquidity for NBFCs is expected to help in tiding over the current liquidity crunch." The ...

Air India divestment process finally takes off, with sweetened deal terms

The govt has announced it would absorb 30% more in debt and liabilities, than in the previous year

Franklin Templeton MF sidepockets Voda Idea debt following NCD downgrade

Fund house has carved out separate portfolios in six schemes to hold the exposure

Rise in defaults could make things even worse for India, China in 2020

Defaults in China will likely rise in both the onshore and offshore bond markets next year amid a tightening in funding

Crisis looms as debt wave sweeps developing nations, warns World Bank

The World Bank and International Monetary Fund have been sounding the warning about growing global debt for years, but this report is starker and calls for governments to curb debt crisis.

Going after working capital: SP Group firms' among most leveraged in India

The conglomerate had gross debt to equity ratio of 2.4x on an average during the year ended March this year, as against 0.82x on an average for top-listed companies, excluding financials and oil

States to miss debt target on slow economic growth: India Ratings

RBI data showed that fiscal deficit of states rose to 2.9% of gross domestic product (GDP) in their Revised Estimates, from 2.6% in their Budget Estimates for FY19

Tipping point: Burdened with debt? Improve your credit score

Many companies nowadays check the credit score of people they plan to hire

Essar leads India Inc deleveraging; pays off Rs 1.4 trillion: Prashant Ruia

Despite deleveraging, the group still has a fairly substantial portfolio of assets and companies in the five sectors of energy, infrastructure, metals and mining, services and technology

Bharti Airtel plans to raise up to $1 bn via bond issue to reduce debt

Telecom major Bharti Airtel is planning to raise funds up to USD 1 billion (about Rs 7,000 crore) via a bond issue by its subsidiary Network i2i, the proceeds of which will be used to reduce debt. "...offering of USD denominated Guaranteed Subordinated Perpetual Securities by Network i2i Limited (a direct 100 per cent subsidiary of Bharti Airtel) expected to be rated BB by both S&P and Fitch may follow, subject to market conditions," Bharti Airtel said in a regulatory filing. Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays, BNP Paribas, Citigroup, HSBC, J P Morgan and Standard Chartered Bank as joint bookrunners and joint lead managers to organise a series of fixed income investor meetings and calls across Asia, Europe and the US starting Wednesday, it added. Sources said that the fundraising is likely to be in range of USD 750 million to USD 1 billion, and the final figure will be arrived at based on the market response. The proceeds from ..

Why do credit rating agencies keep missing big Indian company defaults?

India's major rating firms include Crisil, the Indian unit of S&P Global; ICRA, the local unit of Moody's Investors Service

Lenders to troubled real estate financier Altico Capital begin debt recast

The company is diversifying its portfolio, both in terms of sectors and ticket size

Why borrowers should move to longer-tenure loans to escape debt trap

Those who have loans running should set up a contingency fund

Investor flows into equity mutual funds jump in June to Rs 7,663 crore

Debt segment saw outflows of Rs 1.71 trillion compared to inflows of Rs 70,119 crore in May