SITI Networks, previously known as SITI Cable Network, is a part of the Essel Group. "...the company is in discussions with its bankers for restructuring of its debt obligations," SITI Network said.
FEL has defaulted on interest payment for the period March 21, 2022, to September 19, 2022.
Gaurav Choudhury, Deputy Executive Editor, Moneycontrol gives his insights into how giving bankers a direct line to the Home Ministry could help prevent white collar criminals from fleeing the country.
M Saraswathy is in conversation with Ravi Krishnan, Deputy Executive Editor, Moneycontrol, to discuss the underlying factors that caused the confidence deficit in India's shadow banking sector.
The National Financial Reporting Authority has been set up as an independent regulator for chartered accountants, to enforce accounting and auditing standards, therefore, enhancing investor and public confidence in financial disclosures of companies.
The recommendations of the Dave panel go a far way in not only expanding the applicability and scope of the settlement mechanism but also bolstering its efficiency
Thane municipal commissioner Sanjeev Jaiswal, has asked the Maharashtra State Electricity Distribution Co Ltd (MSEDCL) officials, to disconnect power supply to the property of tax defaulters in the city. The Thane Municipal Corporation (TMC) R
Banks assess an applicant‘s potential to pay back a loan in terms of various parameters including his credit score, age, source of income.
The legal recourse for resolution of unpaid loans is a long and uncertain procedure in India, and the outcome varies across cases.
SBI chairperson Arundhati Bhattacharya said there was a need to professionalise the entire process of choosing the top management at state-owned banks
The new definition of a non-cooperative borrower replaces one the Reserve Bank of India issued in February, which had set several criteria including not providing required information even after two reminders from lenders.
Prime Securities may soon be categorised as a defaulter. The National Stock Exchange exchange is in line to take a Rs 100 crore hit, with Prime Securities being unable to pay the exchange margin money owed on certain trades in the derivatives segment, report CNBC-TV18's Sajeet Manghat and Ashmit Kumar.
Former SEBI whole-time member MS Sahoo explains to CNBC-TV18, that proposed revised consent guidelines will ensure transperancy and punish defaulters more effectively.