Debts

Friday, Apr 19, 2024 | Last Update : 11:11 PM IST

The Reserve Bank on Friday sent the troubled mortgage lender for bankruptcy proceedings, making it the first financial services player to go to the NCLT for a possible debt resolution.

DHFL shares fall nearly 5 pc as RBI starts resolution process

Over 17 lakh shares of DHFL were traded on the NSE, while the BSE saw an exchange of 4.51 lakh shares.

02 Dec 2019 4:37 PM

Banks will now become even more cautious about non-banking financial companies as going to bankruptcy court destroys values because the realisation may not be much.

Govt to start DHFL's bankruptcy proceedings in latest shadow banking crisis

DHFL’s owes its lenders nearly 1 trillion rupees including several mutual funds, banks, pension funds, insurance firms and retail investors.

21 Nov 2019 10:34 AM

NBCC and Suraksha Realty took part in the bidding process but their plans were rejected by the lenders.

NBCC, Suraksha Realty submit revised bids for Jaypee Infra

This will be the third round of bidding process in the Jaypee Infratech insolvency matter.

18 Nov 2019 9:33 AM

RCom, which is going through insolvency process, had made a profit of Rs 1,141 crore in the second quarter of the previous financial year (Q2 FY19).

RCom posts Q2 loss of Rs 30,142 crore on provisioning of liabilities

RCom revenue from operations dropped to Rs 302 crore in Q2 FY20 from Rs 977 crore in Q2 FY19.

16 Nov 2019 3:47 PM

Sitharaman also said that no bank has approached the finance ministry raising concern over their exposure to the telecom sector.

Govt intends to address concerns of telecom sector, says Sitharaman

The SC last month ruled in favour of the govt and directed telecom companies to pay as much as Rs 1.42 lakh crore.

16 Nov 2019 10:48 AM

The government would be conducting roadshows at global financial centres like London and Singapore this month to entice investors for the disinvestment.

Taking steps to protect interests of employees: Air India chief on divestment jitters

The government is planning to invite bids for the national carrier next month.

08 Nov 2019 11:42 AM

EoI inviting bids for 100 per cent stake sale are likely to be floated either this month-end or next month.

Govt likely to float bids for Air India sale next month

The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.

21 Oct 2019 11:46 AM

The airline has a debt burden of more than Rs 58,000 crore and servicing the loans is a major challenge as the annual outgo is more than Rs 4,000 crore.

Air India posts Rs 4,600 cr operating loss in 2018-19; aims profit this fiscal

The airline's net loss stood at about Rs 8,400 crore while total revenues touched around Rs 26,400 crore in 2018-19.

16 Sep 2019 9:46 AM

CDEL's board of directors approved the sale of its Global Village Technology Park in Bengaluru to Blackstone for up to Rs 3,000 crore.

Deleveraging assets to ensure liquidity position of company: CCD

Coffee Day Enterprises Ltd (CDEL) has been trying to divest its assets to pare debt.

13 Sep 2019 3:00 PM

The public sector firm's provisional loss was Rs 4,859 crore in 2015-16, Rs 4,793 crore in 2016-17, Rs 7,993 crore in 2017-18 and is estimated to swell to Rs 14,202 crore in 2018-19.

BSNL facing challenge in crediting month's salary on Aug 30: source

BSNL's loss is estimated to be around Rs 14,000 crore with a decline in revenue to Rs 19,308 crore during 2018-19.

31 Aug 2019 10:35 AM

Air India official had on Thursday said that oil firms stopped fuel supplies to the airline at Cochin, Visakhapatnam, Mohali, Ranchi, Pune and Patna around 4 pm.

Air India owes Rs 4,500 cr in fuel dues; hasn't paid in 200 days: Oil cos

Air India offered to pay Rs 60 crore which is a drop in the ocean of what oil marketing companies owe.

23 Aug 2019 1:24 PM

The grounded airline owes more than Rs 8,500 crore to lenders.

NCLAT asks Jet lenders if they would cooperate with Dutch court administrator

The NCLAT has asked to list the matter on September 4 for further hearing.

21 Aug 2019 3:19 PM

Even after such flying rights are allocated to an airline, it must have slots at both the airports in order to start flight operations.

Govt extends temporary allocation of Jet Airways' slots, flying rights till Dec

A slot is a date and time at which an airline's aircraft is permitted to depart or arrive at an airport.

21 Aug 2019 10:06 AM

The NBFC sector has been reeling under stress since the unfolding of the IL&FS liquidity crisis in September 2018 due to alleged fraud and mis-management issues.

DHFL makes fresh default on Rs 1,571 crore bond repayments

The company is estimated to be sitting on a debt-pile of over Rs 90,000 crore.

20 Aug 2019 9:36 AM

IL&FS declined to comment on the findings within the report.

IL&FS may not have disclosed bad loans for years: RBI report

The Indian government took control of IL&FS late last year after it defaulted on some of its debt.

15 Aug 2019 9:39 AM

On Sunday, mining baron Anil Agarwal's investment company Volcan Investments said it has shown interest in acquiring stake in Jet Airways.

Not feasible to reinvest in Jet; cites unresolved issues: Etihad

Etihad has consistently and constructively sought and advanced solutions to help resolve Jet's issues.

12 Aug 2019 4:02 PM

Videocon did not immediately reply to calls seeking comment.

SBI seeks bids for Videocon's overseas oil, gas assets

SBI said it had appointed consultant Deloitte to find buyers for Videocon’s exploration assets in Brazil and Indonesia.

05 Aug 2019 12:57 PM

The company had posted net income (attributable to equity holders of the parent) of USD 1.865 billion in the year-ago period.

ArcelorMittal reports USD 0.447 billion net loss for June quarter

The company said its gross debt was at USD 13.8 billion as of June-end this year.

01 Aug 2019 1:04 PM

Cash conditions are in surplus of Rs 1 trillion and are likely to stay so ahead of the advance tax payments.

India 10-yr bond yield drops as FPIs shift from equities to debt

Investors have moved to debt; net inflows amounted to USD 1.3 billion as of July 1-29.

31 Jul 2019 1:40 PM

Merger is one of the many components of the overall revival plan because clearly MTNL cannot stand by itself.

DoT working on proposal for MTNL, BSNL merger; final call by Cabinet: Source

The net worth of BSNL stood at Rs 34,276 crore, while MTNL had a negative networth of Rs 9,735 crore as on April 1, 2019.

30 Jul 2019 4:11 PM

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