debts
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
02 Dec 2019 4:42 PM

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

Adding to the problems of the power generators, a new government in Andhra Pradesh—which owes renewable energy firms more than any other state—wants to renegotiate its contracts, saying the prices it pays are inflated.
Discoms may get loans to clear dues to RE firms
27 Nov 2019 1:33 AM

Commercial banks are unwilling to lend to these firms because of their high outstanding debt.

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
21 Nov 2019 10:35 AM

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

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
18 Nov 2019 9:33 AM

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

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
16 Nov 2019 3:48 PM

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

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
16 Nov 2019 10:51 AM

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

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
21 Oct 2019 11:48 AM

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

The company has made interest and principal repayments of Rs 72.65 crore on a range of instruments including non-convertible debentures. (Photo: ANI)
Shares of Reliance Capital dip 4.4 pc after stake sale in RNAM
30 Sep 2019 11:23 AM

The entire RNAM stake monetisation proceeds will be utilised to reduce Reliance Capital's outstanding debt.

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
16 Sep 2019 9:47 AM

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

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
13 Sep 2019 3:01 PM

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


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