- Tag results for debt
General Motors has offered to convert debt of around $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul.
Rating agency Crisil has revised its outlook on the long-term debt instruments (excluding Basel III Tier I) of 18 public-sector banks (PSBs) to ‘stable’ from ‘negative’.
The government sought parliament approval for 800 billion rupees that it plans to spend by March, as part of a two-year recapitalisation programme.
Punjab Finance Minister Manpreet Singh Badal today advocated for an all-India farm debt waiver scheme on the pattern of Punjab.
Local government debt expanded again in China last year despite Beijing's pledge to rein in a growing national debt load that has sparked fears of a financial crisis in the world's number two economy.
A Chinese credit ratings firm has downgraded US debt, citing the political "deficiencies" and "factional rivalries" of the United States.
Chief Minister N Chandrababu Naidu directed officials to deposit the third installment of the debt redemption scheme amount in the bank accounts of the beneficiary farmers within three days.
Amarinder Singh cited figures to point out that his government announced higher loan waiver than other states, including the BJP-ruled ones.
India's external debt reached USD 495.7 billion at the end of September quarter, up 5.1 percent over end-March 2017, primarily on account of increase in foreign investment in the debt segment.
On June 28, the Cabinet had cleared disinvestment of debt-laden Air India but the final modalities, including the quantum of stake sale, would be decided by a panel headed by the finance minister.
Reliance Communications Ltd's shares soared for a second straight day on Wednesday after the Indian wireless carrier detailed a plan to cut its hefty debt load.
Reliance Communications had close to Rs 45,000 crore debt on its books in October 2017, he had said. The RCOM stock rose sharply on announcment, closing at 30 per cent high at Rs 21.33.
Private sector lender Yes Bank today said it has established a Medium Term Note programme to raise USD 1 billion (over 6,400 crore) by issuing debt securities on private placement basis.
Five-page note written by him mentions details of the piled up dues that forced him to murder his wife, two kids; didn’t want them to suffer that burden.
The 39-year-old man who was upset over bad debt allegedly killed four members of his family, including his two children, at Thiruvalluvar Nagar in Pammal on Tuesday.