Debts | The Asian Age

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IBC is unlikely to greatly improve loan recovery rates and there is a need to increase bad asset provisioning to above the present 50 per cent.

Keep more capital buffer for your own interest: RBI ED to banks

Banks with capital will get going and those without it will be punished by the ecosystem.

07 Dec 2018 12:22 PM

The airline is learnt to have laid off as many as 20 employees last month, including some senior-level executives from the in-flight services department.

Crisis-hit Jet Airways fires 16 more people to cut cost

The airline continues to layoff people from various departments in small groups.

27 Nov 2018 10:33 AM

An official said the government is looking at restructuring the Air India's debt. (Photo: File | AFP)

From time to time, govt is providing support to Air India: Choubey

The airline's accumulative losses stood at Rs 47,145.62 crore in financial year 2016-17.

19 Nov 2018 5:16 PM

Tata Sons board is meeting tomorrow to consider the proposal to bid for Jet Airways. (Photo: AFP/File)

Tata Sons board may meet on Friday to decide on Jet Airways takeover

The airline also putting as many as six of its Boeing 777s on sale to part-fund liquidity.

15 Nov 2018 6:02 PM

Tata Sons is conducting due diligence on Jet Airways as it explores the purchase of a controlling stake in the cash-strapped airline.

Tata Sons begins due diligence to buy Jet Airways: report

Jet Airways planned to cut flights on less profitable routes and add capacity in more lucrative markets.

13 Nov 2018 11:11 AM

Company wishes to utilize the proceeds of this equity issuance and the cash available to it to reduce its existing debt.

Airtel International begins cash purchase of its USD 1.5 bn bonds to reduce debt

Bharti Airtel International, using the proceeds it got from six global entities investing in its Africa unit.

10 Nov 2018 2:02 PM

IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and has defaulted on payment obligations for some.

Multiple options explored; selling IL&FS as going concern best case scenario: Srinivas

The government has seized control of IL&FS and ordered an inquiry by the Serious Fraud Investigation Office.

05 Nov 2018 12:42 PM

The plan includes an upfront cash payment of Rs 47,507 crore to all creditors, including Rs 45,559 crore.

Essar Steel shareholders offer to pay Rs 54,389 cr to clear all dues of lenders

The CoC is empowered to consider and approve this Settlement Plan with the requisite voting share.

25 Oct 2018 5:43 PM

IL&FS Financial Services defaulted on bank loans, including interest of Rs 284.5 crore to five banks.

LIC, Orix, SBI to subscribe to Rs 4,500 crore IL&FS rights issue

The announcement came at the annual general meeting (AGM) of the company that has been defaulting on debt obligations.

29 Sep 2018 1:46 PM

Small finance banks together had a total loan outstanding of Rs 31,030 crore in Q1FY19.

Small finance banks lose market share in micro lending

Share of SFBs in the total micro finance market has dropped to 20 per cent in Q1FY19 against 27 per cent in Q1FY18.

27 Sep 2018 8:39 AM

The company expects to save about 3.7 billion rupees this year on maintenance costs and expects a reduction of 6.5 billion rupees starting January 1, 2019. (Photo: PTI/File)

Jet Airways seeks to reassure investors with cost-cutting plan

The airline’s net debt as of June 30 was 73.64 billion rupees.

29 Aug 2018 8:27 AM

Govt siphons off more than the money it injects into public sector banks.

Fund infusion may not help much, say bankers

Centre infused Rs 1.29 lakh crore as capital into the banking system.

20 Jul 2018 9:19 AM

RCom reported a loss of 3.42 billion rupees ($34 million) for April to June on Wednesday. (Photo: PTI)

RCom reports smaller loss in first quarter

RCom has been hit by a fierce price war and is the most leveraged of all listed telecoms carriers in India.

19 Jul 2018 8:30 AM

Fitch says IOC's net debt levels to rise due to large capex

Fitch expects IOC's capex to remain high to upgrade refineries to meet new emission standards.

16 Jul 2018 3:49 PM

For 2018-19, the airline has been allocated Rs 650 crore in view of its now failed disinvestment plan.

Air India seeks restoration of equity infusion from govt

The loss-making carrier has already received more than Rs 26,000 crore under the bailout package.

04 Jun 2018 12:34 PM

Reduction of NPAs in individual PSBs range from about Rs 500 crore to over Rs 10,000 crore.

Bhushan Steel's buyout to reduce PSB NPAs by Rs 35,000 cr

Bhushan Steel was among the 12 stressed assets the Reserve Bank of India had referred to NCLT proceedings last year.

21 May 2018 10:45 AM

RCom shares closed down 8.2 per cent on Tuesday in a broader Mumbai market that ended largely unchanged.

NCLT allows Ericsson's insolvency plea against RCom

RCom plans to reduce its debt by selling assets such as airwaves, mobile masts and fibre optic investments.

16 May 2018 8:21 AM

Airtel posted a consolidated profit of Rs 83 crore, down 78 per cent year-on-year. (Photo: PTI)

No ‘debt relief’ in sight for Bharti Airtel

Sunil Mittal’s Bharti Airtel is weighing various options to pare its Rs 96,000-crore debt.

10 May 2018 9:22 AM

According to sources, the resolution plan involved close to Rs 5,300 crore cash payout and a haircut of 60 per cent of the total banks’ debt.

Vedanta gets NCLT nod for Electrosteel takeover

The 270-day resolution deadline stipulated by IBC ended Tuesday.

18 Apr 2018 8:27 AM

NCLAT has passed an interim order to allow company to execute its Rs 25,000-crore asset monetisation programme.

NCLAT allows RCom to execute asset sale

RCom is now very confident of achieving overall debt reduction of approximately Rs 25,000 cr within next few weeks.

06 Apr 2018 4:07 PM

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Syed Ata Hasnain