May 03, 2016 at 07:28 | Source: Reuters
Under pressure to cut corporate bad debts of more than USD 120 billion, lenders including SBI have been trying to forge tie-ups between distressed cement, steel and power companies and those that are in better shape.
May 02, 2016 at 09:33 | Source: Reuters
The measure marks a vital step towards completing India's quarter-century-old transition from socialism to a market economy that has so far been unable to adequately address what to do when companies fail.
May 02, 2016 at 08:47 | Source: Reuters
Indian banks have either taken over or are in the process of seizing majority control in 18 firms with a combined debt of about USD 15 billion, under a central bank plan that allows them to swap the companies' debt for equity and freeze non-performing loans, brokerage Religare Capital Markets estimates.
Apr 29, 2016 at 20:08 | Source: PTI
The credit rating reflects ability of a company to repay debt. The Baa rating granted by Moody's indicates obligation on a firm are judged to be medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics.
Apr 29, 2016 at 09:58 | Source: CNBC-TV18
HCC's arbitration claims are at Rs 11,000 crore, says MD Ajit Gulabchand, adding that Rs 3,041 crore awarded is yet to come through.
Apr 29, 2016 at 07:38 | Source: PTI
In a regulatory filing, Granules India said its Board of Directors today "approved further investment of USD 17.07 million (about Rs 117 crore) by way of debt/equity in Granules Pharmaceutical Inc, a wholly-owned foreign subsidiary of the company."
Apr 28, 2016 at 22:33 | Source: Moneycontrol.com
Bombay Rayon Fashions' board meeting will be held on May 02, 2016, to consider issue of equity shares on Preferential basis to the lenders of the Company by conversion of debt into equity shares under CDR package and to fix the date, time and venue of the Extra-OrdinaryGeneral Meeting held on April 21, 2016.
Apr 28, 2016 at 22:32 | Source: Moneycontrol.com
Granules India in its meeting held on April 28, 2016, has approved further investment of USD 17.07 mn by way of debt/equity in Granules Pharmaceutical Inc., a wholly owned foreign subsidiary of the Company. Approved further investment of Rs. 50 crore by way of debt/equity in GIL Lifescienses Pvt. Limited, a wholly owned Indian subsidiary.
Apr 28, 2016 at 20:17 | Source: Reuters
India's largest state insurer and its pension fund together bought about one-sixth of the bonds issued by regional governments for their power companies last fiscal year, a minister said on Thursday.
Apr 28, 2016 at 18:08 | Source: PTI
Outlining his vision for transformation for the company, Volkswagen CEO Matthias Muller emphasised that the company would now focus on electric vehicles and car-sharing even as future models would conform to emission tests.