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Amarinder Singh-led Congress government is all set to splurge on buying 434 new luxury cars for the Chief Minister, ministers, legislators, top officers and a few other functionaries.
The Indian conglomerate is on talks of buyng stakes of the debt-ridden airline
Bharti Airtel International (Netherlands) B V commenced cash purchase of USD 1.5 billion, 5.125 per cent Guaranteed Senior Notes which were due in 2023, Bharti Airtel said in a regulatory filing.
The deluge on the 71st Independent Day paradoxically revealed how interdependent we are in both personal and financial aspects.
The government, in a rare move, took control of IL&FS this month after the company defaulted on some of its debt, triggering fears of contagion across India's financial system.
Netflix said in April it planned to raise USD 1.5 billion in debt, after raising USD 1.6 billion in October last year, bringing the total in the past year to about USD 5 billion.
IMF Managing Director Christine Lagarde on Thursday confirmed that Pakistan has formally approached the funding organisation seeking financial assistance to address its economic challenges.
The five firms constitute for more than 50 per cent of the entire group's revenue and may have diverted funds in projects that were worth 300 billion rupees.
India's debt was substantially less than the global debt as percentage of world GDP, said Vitor Gasper, IMF Director of Fiscal Affairs Department.
One of the government sources, however, cautioned that more defaults cannot be ruled out, as IL&FS needs to repay more than 250 billion rupees by March 2019.
The changes are part of Islamabad's efforts to rethink key Belt and Road Initiative projects in Pakistan, where Beijing has pledged about $60 billion in financing.
IL&FS, which is under 910 billion rupees of debt, has previously said 14 of its 25 assets had seen interest from buyers, and that it plans to raise up to 30 billion rupees through the asset sales.
A debt-ridden farmer allegedly ended his life in Jajpur district on Tuesday night.
Basavaraj staged a dharna on the premises of the Deputy Commissioner’s office on Tuesday, urging the authorities to help him get his wife back.
On Friday night, Nandish reportedly bought chicken kabab and laced it with poison and consumed it along with his family.