Tag: debt
17 Results
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Most airlines will be bankrupt by end of May: CAPA on Coronavirus impact
Across the world, airlines have announced a drastic reduction in their operations in the wake of the coronavirus outbreak.
March 16, 2020 -
Fuel retailers defer decision to suspend jet fuel supply to Air India
Air India has a debt of over Rs 58,000 crore, Centre had decided to offload 74 per cent stake in the airline but got no takers, since many private companies were apprehensive to be in a joint venture with the government.
October 18, 2019 -
Man ends life, ‘suicide note’ mentions debt, Maratha quota
Karbhari Shelke was found hanging from the ceiling of a room in his house in the Vijaynagar area, a Pundliknagar police official said.
August 12, 2018 -
CM clears loan waiver for 1.15 lakh more farmers
Three days after the launch of Punjab government’s much awaited farm loan waiver scheme, Punjab Chief Minister (CM) Amarinder Singh on Wednesday cleared 1.15 lakh more cases for debt waiver amounting to Rs 580 Crore, to be disbursed to farmers across the state before January 31. Earlier on Sunday, the CM had launched the waiver …
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January 10, 2018 -
Punjab to launch farm debt waiver today
Punjab government’s much awaited farm loan waiver scheme will be launched on Sunday with over 46,000 farmers in five districts set to receive first installment of the debt relief scheme. Punjab Chief Minister (CM) Amarinder Singh will on Sunday formally launch the farm debt waiver scheme from Mansa district. The other districts being covered under …
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January 6, 2018 -
Yes Bank sets up MTN programme to raise $1 bn
Private sector lender Yes Bank said on Saturday it has established a Medium Term Note programme to raise $1 bn (over 6,400 crore) by issuing debt securities on private placement basis. “…The Bank has, on December 22, 2017, established a Medium Term Note programme for an amount of $1 bn, in order to enable the …
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December 23, 2017 -
Debt on Gujarat increased due to Modi’s mismanagement: Rahul
Congress Vice President Rahul Gandhi on Thursday hit out at Prime Minister Narendra Modi for Gujarat’s rising debt of “Rs 2,41,000 crore”, which he said was due to Modi’s “mismanagement and publicity” and asked why the people of the state should be punished for it. “In 1995 the total debt on Gujarat was Rs 9,183 …
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November 30, 2017 -
Amarinder fudging data on farmer suicides: AAP
Punjab’s Leader of Opposition Sukhpal Singh Khaira on Tuesday accused Chief Minister Amarinder Singh and his government of fudging figures on the growing number of suicides by debt-ridden farmers in the state. Questioning farmer suicide data disclosed by the Chief Minister in the present Congress government rule so far (March-September 2017), he said that he …
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September 19, 2017 -
Q1 fund raising via debt placement up 28pc at Rs 1.72 lakh cr
Indian companies raised over Rs.1.72 lakh crore through private placement of corporate bonds in April-June 2017 to fund business expansion plans, a jump of 28 per cent from the year-ago level. Through such placement, firms issue debt securities or bonds to institutional investors to raise capital. According to the data available with markets regulator Sebi, …
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July 7, 2017 -
Sahara short of Rs. 9,000 Cr of Rs. 24,000 cr principal amount
The Supreme Court on Wednesday noted that the embattled Sahara Group was still short of Rs 9,000 crore of the principal amount of Rs 24,000 crore to be deposited in the SEBI-Sahara account to refund its investors. The fact became clear after the apex court took on record that as per the committment given on …
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July 5, 2017 -
Waive Air India’s debt, instead of selling it: Workers’ union
An employees' union of Air India on Wednesday met NITI Aayog chairman Arvind Panagriya and demanded that the government waive the airline's debt, instead of selling it to a private player. However, the move may have come a little too late as hours later the Union Cabinet gave its in-principle approval for the disinvestment of …
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June 28, 2017 -
Bankers warn telecom sector may default because of debt stress
Banks which have lent to telecom companies are worried about the financial health of the sector which is under debt stress. Many of them feel there may be defaults in the future. "The bankers are worried. They feel one might see defaults in future unless some solution is found soon," said an official. Four banks …
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June 15, 2017 -
Moody’s warns Pakistan against growing external debt
Global credit rating agency Moody's Investors Service has predicted that Pakistans external debt will grow to $79 billion by June, higher than initial estimates, the media reported on Tuesday. In its latest report on Monday, Moody's said that Pakistan's challenges include a relatively high general government debt burden, weak physical and social infrastructure, a fragile …
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May 9, 2017 -
Greece reaches preliminary deal with creditors: Minister
Greece has reached a preliminary deal with its creditors that should pave the way for long-awaited debt relief talks, the Greek finance minister said Tuesday. “The negotiations are concluded,” Euclid Tsakalotos told reporters, according to state agency ANA. After overnight talks, Tsakalotos said a “preliminary technical agreement” had been achieved ahead of a May 22 …
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May 2, 2017 -
Greece reaches preliminary deal with creditors: Minister
Greece has reached a preliminary deal with its creditors that should pave the way for long-awaited debt relief talks, the Greek finance minister said Tuesday. “The negotiations are concluded,” Euclid Tsakalotos told reporters, according to state agency ANA. After overnight talks, Tsakalotos said a “preliminary technical agreement” had been achieved ahead of a May 22 …
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May 2, 2017 -
India to attract $15-$20 billion FII inflows in 2018: ICRA
India is expected to attract moderate FII inflows of $15-$20 billion in 2018, with headwinds such as the muted outlook for corporate earnings and continued compression in debt spreads relative to advanced economies, rating agency ICRA said in a report on Tuesday. "With the muted outlook for corporate earnings and emerging sectoral concerns regarding Indian …
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January 31, 2017 -
‘Fiscal deficit target of 3% for 2017-18 stiff at this juncture’
Fiscal deficit target of 3 per cent for 2017-18 looks difficult as the debt dynamics of the country show "stickiness", rating agency Crisil said on Saturday. "Three per cent looks like a stiff task at this juncture for fiscal deficit. When the economy needs help, we need to move to a range that is going …
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January 28, 2017