• Tag results for debt

General Motors offers USD 2.2 billion debt for equity swap in return for Seoul's support: Sources

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.

published on : 21st February 2018

Crisil upgrades outlook on state-owned banks

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’.

published on : 27th January 2018

India unveils details of bank recapitalisation plan; aims at tackling bad debt woes

The government sought parliament approval for 800 billion rupees that it plans to spend by March, as part of a two-year recapitalisation programme.

published on : 24th January 2018

Punjab Finance Minister Badal favours all-India farm debt waiver scheme

Punjab Finance Minister Manpreet Singh Badal today advocated for an all-India farm debt waiver scheme on the pattern of Punjab.

published on : 18th January 2018

China's local government debt growth almost doubles in 2017

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.

published on : 18th January 2018

Chinese ratings agency downgrade US debt over political 'deficiencies'

A Chinese credit ratings firm has downgraded US debt, citing the political "deficiencies" and "factional rivalries" of the United States.

published on : 17th January 2018

Deposit farmers’ debt relief, Andhra Pradesh CM Chandrababu Naidu tells officials 

 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.

published on : 9th January 2018

Farm loan waiver scheme launched by Punjab CM Amarinder amid protest

Amarinder Singh cited figures to point out that his government announced higher loan waiver than other states, including the BJP-ruled ones.

published on : 8th January 2018

India's external debt stands at USD 496 billion at September-end

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.

published on : 29th December 2017

Government doesn't want Air India to go Kingfisher Airlines way: Civil Aviation Minister

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.

published on : 28th December 2017

Reliance Communications' shares jump again on debt plan but unclear if all creditors on board

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.

published on : 27th December 2017

Reliance Communications debt will be cut by Rs 39,000 crore through new resolution: Anil Ambani

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.

published on : 26th December 2017

Yes Bank sets up Medium Term Note programme to raise USD one billion

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.

published on : 23rd December 2017

Caught in debt trap, man kills four of his family, attempts suicide

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.

published on : 13th December 2017

Debt-ridden Chennai man kills family 

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.

published on : 12th December 2017
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