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How credit card companies are making a comeback
May 26, 2012 at 18:56 | Source: Moneycontrol.com
After the initial boom period of 2004 to 2006, the Indian credit card industry faced one of its toughest years in 2007-09. However, it seems like the tide is turning with the sector witnessing a dramatic drop in credit card defaults in the last one year.
Fitch affirms NTPC's FC IDR at 'BBB-'; outlook stable
May 24, 2012 at 12:35 | Source: Moneycontrol.com
Fitch Ratings has affirmed India-based NTPC Limited's Long-Term Foreign-Currency Issuer Default Rating (FC IDR) at 'BBB-', National Long-Term rating at 'Fitch AAA(ind)', and its National Short-term rating at 'Fitch A1+(ind)'. The Outlooks on the Long-Term ratings are Stable.
Forego currency support to avert Armageddon default: Tyche
May 21, 2012 at 15:50 | Source: CNBC-TV18
As the Euro zone reels under pressure, Martin Hennecke, Associate Director, Tyche Group believes that major Western countries are also expected to face a major sovereign debt crisis in the days ahead.
Govt initiates legal action against Kingfisher
May 09, 2012 at 15:00 | Source: Reuters
All but two major airlines in India have defaulted on paying airport charges, Civil Aviation Minister Ajit Singh said on Wednesday. IndiGo, the only profitable airline in the country, and privately-held Go Air have not defaulted on airport payments, Singh told lawmakers in a written reply.
Kingfisher talking to tenants to avoid eviction
May 04, 2012 at 11:48 | Source: PTI
The Vijaya Mallaya-promoted Kingfisher Airlines continues to hit air pockets with two real estate developers now slapping eviction notice for allegedly defaulting on rent payments since last November.
S&P raises Greek rating, lifting it out of default
May 02, 2012 at 16:12 | Source: Reuters
Standard & Poor's raised Greece's credit rating to low-speculative grade on Wednesday, lifting it out of default territory as expected, after Athens completed the biggest sovereign debt restructuring in financial history.

Videos »
Forego currency support to avert Armageddon default: Tyche
Penalty to go up once CIL ramps up production: NTPC's CMD
Pressure on asset quality of banks to intensify: CRISIL
No need to blow Spain's troubles out of whack: EU economist
'Commodities weak & bond markets strong only in DMs'
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New consent order system to cover RIL caseCases already before judges' panel only exception disposal within 6 months for fresh, pending cases
The new consent order framework announced by the Securities and Exchange Board of India (Sebi) will apply to the Reliance Industries Ltd (RIL) case and other existing ones. A senior Sebi functionary t...
May 29, 2012 at 01:31 | Source: Business Standard
Spain pressured as market weighs Bankia fallout
MADRID (MarketWatch) — Bankia SA shares recovered some of a nearly 30% drop on Monday, but stayed significantly lower as markets got the first chance to react to news of a bigger-than-expected bail...
May 28, 2012 at 21:57 | Source: Market Watch
Euro Re-Denomination Would Trigger Debt Defaults, Fitch Says
A currency re-denomination for any euro nation would lead to “multi-category” downgrades for companies and some may voluntarily decide to default, according to Fitch Ratings. While companies that ...
May 28, 2012 at 18:00 | Source: Bloomberg
Rupee slump costly for $5.5 bn in convertible bonds
MUMBAI: When promising tech company Subex sold $180 million in five-year convertible bonds in March 2007 to fund the acquisition of a Canadian technology company, India was at the height of an unprec...
May 28, 2012 at 16:17 | Source: Economic Times
Here’s what the Greek exit means for the US
Uncertainty over the fate of the euro currency is already dampening US economic growth and any significant worsening of the crisis would deal a blow to a recovery that is gradually gathering steam. E...
May 28, 2012 at 16:11 | Source: FirstPost
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RTI power: Will RBI disclose top loan defaulters in India Inc?
A judgement on 29 May could well change how confidentiality is looked at in India, especially in the context of  the Right to information Act (RTI). The Reserve Bank of India (RBI) has challenged an order by the Central Information Commission (CIC) asking ...
May 28, 2012 at 04:26 | Source: firstpost.com
State legislators clamp down on student loan defaulters
SPRINGFIELD-The Illinois House voted Saturday to arm a state agency with new powers to garnishee wages for student loan defaulters despite worries the move will drive more Illinoisans into bankruptcy or foreclosure. By a 63-44 vote, the House ...
May 26, 2012 at 18:04 | Source: Chicago Sun-Times
India among top defaulters of London congestion charge
London, May 24 (PTI) The Indian High Commission here owes London authorities over 2 million pounds towards congestion charge, which is levied on vehicles entering busy central London roads during the day on weekdays. As of May 2, 2012, the Indian High ...
May 24, 2012 at 09:45 | Source: MSN India
No relief to bank loan defaulters: Govt
Ruling out any relief to bank loan defaulters owing Rs 1 crore (Rs 10 million) and above, government said on Friday all efforts will be made to recover the dues from such companies and individuals. Maintaining that the government was under no ...
May 18, 2012 at 10:21 | Source: rediff.com
Nigeria: Budget Implementation - Senate to Go After Tax Defaulters
The Senate today mandated its committee on Banking, Insurance and other financial institutions to enforce the level of enforcement of tax payments by companies operating in Nigeria. The motion, sponsored by Senator Bassey Otuh(Cross River state), who is ...
May 25, 2012 at 05:12 | Source: AllAfrica.com
Service fee defaulters could face legal action
DUBAI: The interim owners associations (IOAs) of Golden Mile are seeking legal recourse to recover service fees from defaulting landlords. Speaking on their behalf, Alastair McCracken, Chief Executive Officer, Novus Community Management, which manages the ...
May 23, 2012 at 19:33 | Source: Gulf News
Emaar names and shames defaulters in Springs community
To push people to pay their service charges, Emaar has started naming and shaming people who are not willing to pay maintenance charges on time. Right at the entrance of the different communities within The Springs area, the developer has put up the street ...
May 24, 2012 at 10:28 | Source: Zawya.com
Kenya: Land Rates Will Not Be Waived, Says Gumo
He said the defaulters' property should be auctioned to recover the money. "A full council meeting passed a resolution a fortnight ago, allowing the council to waive interest on the land rates, pending approval and gazettement from the minister ...
May 28, 2012 at 18:16 | Source: AllAfrica.com
Michigan goes hard after student loan defaulters
Former college students in the eastern half of Michigan get hauled into federal court for defaulting on their student loans at 10 times the rate of the national average. That doesn’t mean more Michigan residents are stiffing the federal ...
May 15, 2012 at 23:54 | Source: MLive.com

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