Argentina, Brazil, France, and Mexico only sent junior-level officials, while German and British ministers did not attend the meeting (although Germany's central bank chief Joachim Nagel was present), sources said.
In an interview to CNBC-TV18, Ramraj Pai, President, Crisil Rating spoke about how liquidity squeeze heightens corporate India‘s vulnerability and stressful increase in various sectors like power, construction, engineering and steel and as result of that the non performing assets picture for banks will worsen.
Lanco Infratech has started a discussion with bankers a restruture debt worth Rs 90 billion as a weak economy takes a toll.
The board of drug maker Elder Pharmaceuticals approved the restructuring of the company's business by raising capital, hiving off assets or through strategic options to reduce debt.
Wind Turbine maker Suzlon Energy has appointed Amit Agarwal as its new chief financial officer.
The board of construction and engineering company Gammon India has agreed to begin talks with lenders to restructure the company's debt through the corporate debt restructuring process, it said in a statement late on Wednesday.
Lenders to Suzlon Energy Ltd have approved the wind turbine maker's corporate debt restructuring plan for USD 1.8 billion, the company said on Thursday.
The promoters of Suzlon Energy, led by chairman Tulsi Tanti, on Wednesday sold 3.75 crore shares amounting to about 2.11 percent stake in the wind turbine maker for Rs 63 crore. This stake sale is to facilitate its corporate debt restructuring admitted by banks last month.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com recommends Suzlon Energy to long-term traders. He says the news of Suzlon Energy's debt restructuring is actually positive news for the stock