The Commission’s recommendations will reflect in the Modi government’s 2021-22 Union Budget. The Finance Minister is likely to table the Commission’s report, and an action taken report signifying which recommendations of the Commission have been accepted, along with the budget documents.
The high court did not allow Franklin Templeton to distribute money in cash–positive schemes that the fund house has received.
SEBI wants to make risk-management of debt schemes more robust, in light of recent redemptions pressures
The world is reinventing as it goes through this pandemic -- what does it need to emerge stronger, bigger and better? It’s now a scenario of the survival of the fittest and we need to prepare optimally for the same.
Prepare a budget as if there will be a substantial or complete loss of income
Taking a loan for buying an appreciating asset makes sense
The total debt payment default also includes Rs 873 crore principal as of June 30, according to a regulatory filing.
Mutual fund managers expect FY22 to be a more normalised year for economic growth.
"We are likely to see more bankruptcies as medium and small businesses are severely hit. Banks and finance companies are likely to rise sharply, post the moratorium period provided by the RBI to retail borrowers," said Avnish Jain.
“The Board has also authorised the Committee of Directors to decide on matters and transactions relating to aforesaid proposed issuance and allotment of NCDs including but not limited to finalisation and approval of terms and conditions of issue, number of NCDs and timing of the issue from time to time,” the filing said.
After the government over the weekend hiked market borrowing by 54 per cent in the wake of the coronavirus pandemic, calls for monetising debt seem to be gaining traction
World Bank Managing Director Axel van Trotsenburg said the Group of 20 major economies and the Group of Seven (G7) had been largely supportive of a call by the World Bank and International Monetary Fund for a temporary halt in debt payments.
"These promoter companies have repaid loans of around Rs 391 crore out of total debt amount Rs 747 crore as on December 3, 2019," the official said.
The key here is to focus on the goal that you set in the first place and ensure that your behaviour is aligned to it
It’s always better to be conservative in the years closer to your retirement
Investors should only expect inflation plus 1.5 percent points return from their fixed income investments
Your asset allocation and financial goals should anchor your investment decisions
Referring to an order issued by Ministry of Home Affairs, Sebi said "the order... provides that commercial and private establishment shall be closed down but that the capital and debt market service as notified by the Securities and Exchange Board of India shall be exempted from such closures."
From Rs 1.83 lakh crore of debt in FY17, the group brought down the debt by a staggering Rs 1.40 lakh crore over the last three years. Now it plans to cut residual debt from Rs 42,000 crore to about Rs 12,000 crore, according to a mailer Essar sent to policymakers and bureaucrats.
Market conditions remained challenging, but there were early signs of improvement, particularly in ArcelorMittal's core markets of the United States, Europe and Brazil, Chief Executive Lakshmi Mittal said.
The NSE RFQ platform can be accessed by eligible participants -- all regulated entities, listed corporates and institutional investors, among others, the exchange said in a statement.
"In line with both ENGIE's and EIYP's strategies, ENGIE has agreed to sell (once the transaction has closed in accordance with its terms) a 74 per cent stake in 12 solar assets aggregating 813 MWp of operating capacity collectively to EIYP and Sekura Energy, a portfolio company of EIYP," the utility firm said in a statement.
However, the pace of growth in folio numbers dropped in 2019 as compared to preceding three years. Industry experts attributed the trend to decline in investors account in debt oriented schemes as they were spooked by credit events in fixed income market.
Of the total foreign borrowing during the month, USD 2,11,53,22,022 was raised through the automatic route under the external commercial borrowing (ECB).