Debt Fight
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Byju's in Talks With Potential New Backers to Raise $1 Billion in Funding Amid Shareholder Revolt
Byju’s is in advanced talks with prospective new shareholders for a $1 billion (roughly Rs. 8,200 crore) fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran’s control over the beleaguered tech startup.
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Billionaire Mining Tycoon In India Fights To Clear Vedanta's Debt
Billionaire tycoon Anil Agarwal's Vedanta Resources Ltd. has close to $2 billion of bonds to settle in 2024 - half of which is due in January.
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European Central Bank Set To Hike Rates To Combat Inflation
European Central Bank (ECB) will pull the plug on years of stimulus on Thursday and signal a string of rate hikes to fight surging inflation
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Joe Biden Cancels Chicago Trip With Agenda Under Threat, Debt Crisis Looming
President Joe Biden postponed a Wednesday trip to Chicago to stay in Washington and fight for his domestic agenda, which hangs from a thread in Congress, the White House said.
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Cabinet Clears Rs 70,000-Crore Debt Scheme, Fund Of Funds For Small Businesses: 10 Points
The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...
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International Monetary Fund Approves Debt Relief For 25 Poor Countries
The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic.
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Jet Airways International Flights To Remain Suspended Till Monday
The Mumbai-based airline with more than $1.2 billion of bank debt,is fighting for survival as it also owes money to lessors, suppliers, pilots and oil companies.
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Beer King Vijay Mallya May Have To Cut $24,000-A-Week Allowance
Vijay Mallya, the ex-billionaire known as the "king of good times" in India, may have to prepare for a bout of relative austerity as he fights multiple lawsuits against creditors.
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Jet Airways Crisis Worsens, Pilots Threaten Strike From April 1: 10 Points
Jet Airways' pilots have threatened to stop flying from April 1 if the cash-strapped airline does not have a rescue plan in place by March 31, a trade union said on Tuesday. The airline's pilots union has also said that it seeks a proper roadmap from the airline by March 31 on paying their overdue salaries. "We have decided that either the manageme...
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"Will Learn From China": Imran Khan On Anti-Poverty Plan Amid Debt Crisis
Pakistan will use the same model that China has implemented to fight poverty and improve the standard of living, Pakistan's Prime Minister Imran Khan has said. Mr Khan, who visited China earlier this month, is looking to steer the country out of a possible debt crisis and has approached the International Monetary Fund for a bailout.
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US Trade War Upends China's Economic Balancing Act
China's government is facing a multi-front battle to defend its economy, fighting to reduce its debt mountain while the yuan and local stock markets tumble in the face of a US trade conflict.
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Trump Acknowledges Russian Involvement In Meddling In U.S. Elections
President-elect Donald Trump acknowledged for the first time Wednesday that he believes Russian operatives hacked the Democratic Party during the election, but he continued to dispute intelligence reports that Moscow acted to help him win.
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Rahul Targets Modi On Black Money, Seeks Debt Waiver For Farmers
Rahul Gandhi today targeted Prime Minister Narendra Modi over the IDS scheme alleging that he had failed to act against black money despite his talk of "56-inch chest" to fight corruption, and instead brought out a scheme for turning into white the ill-gotten wealth of "thieves".
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Uday Kotak Says Low Growth, Tardy Legal System Impeding NPA Fight
Even as bad assets mount, banker Uday Kotak has said legal tangles and sluggish economic growth are making asset quality resolution a tough job for lenders, and termed the RBI's asset quality review as a "small subset" of the stress that exists in the system.
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Euro Zone Summit Aims to Save Greece in Euro Zone
Euro zone leaders will fight to the finish to keep near-bankrupt Greece in the euro zone today after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".
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Byju's in Talks With Potential New Backers to Raise $1 Billion in Funding Amid Shareholder Revolt
Byju’s is in advanced talks with prospective new shareholders for a $1 billion (roughly Rs. 8,200 crore) fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran’s control over the beleaguered tech startup.
-
Billionaire Mining Tycoon In India Fights To Clear Vedanta's Debt
Billionaire tycoon Anil Agarwal's Vedanta Resources Ltd. has close to $2 billion of bonds to settle in 2024 - half of which is due in January.
-
European Central Bank Set To Hike Rates To Combat Inflation
European Central Bank (ECB) will pull the plug on years of stimulus on Thursday and signal a string of rate hikes to fight surging inflation
-
Joe Biden Cancels Chicago Trip With Agenda Under Threat, Debt Crisis Looming
President Joe Biden postponed a Wednesday trip to Chicago to stay in Washington and fight for his domestic agenda, which hangs from a thread in Congress, the White House said.
-
Cabinet Clears Rs 70,000-Crore Debt Scheme, Fund Of Funds For Small Businesses: 10 Points
The Union Cabinet on Friday cleared a Rs 20,000-crore debt scheme to help stressed micro, small and medium enterprises (MSMEs) raise funds from financial institutions. The Distressed Assets Fund-Subordinate Debt Scheme is likely to benefit two lakh businesses, Minister of Heavy Industries and Public Enterprises Prakash Javadekar said after the Cabi...
-
International Monetary Fund Approves Debt Relief For 25 Poor Countries
The International Monetary Fund on Monday announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic.
-
Jet Airways International Flights To Remain Suspended Till Monday
The Mumbai-based airline with more than $1.2 billion of bank debt,is fighting for survival as it also owes money to lessors, suppliers, pilots and oil companies.
-
Beer King Vijay Mallya May Have To Cut $24,000-A-Week Allowance
Vijay Mallya, the ex-billionaire known as the "king of good times" in India, may have to prepare for a bout of relative austerity as he fights multiple lawsuits against creditors.
-
Jet Airways Crisis Worsens, Pilots Threaten Strike From April 1: 10 Points
Jet Airways' pilots have threatened to stop flying from April 1 if the cash-strapped airline does not have a rescue plan in place by March 31, a trade union said on Tuesday. The airline's pilots union has also said that it seeks a proper roadmap from the airline by March 31 on paying their overdue salaries. "We have decided that either the manageme...
-
"Will Learn From China": Imran Khan On Anti-Poverty Plan Amid Debt Crisis
Pakistan will use the same model that China has implemented to fight poverty and improve the standard of living, Pakistan's Prime Minister Imran Khan has said. Mr Khan, who visited China earlier this month, is looking to steer the country out of a possible debt crisis and has approached the International Monetary Fund for a bailout.
-
US Trade War Upends China's Economic Balancing Act
China's government is facing a multi-front battle to defend its economy, fighting to reduce its debt mountain while the yuan and local stock markets tumble in the face of a US trade conflict.
-
Trump Acknowledges Russian Involvement In Meddling In U.S. Elections
President-elect Donald Trump acknowledged for the first time Wednesday that he believes Russian operatives hacked the Democratic Party during the election, but he continued to dispute intelligence reports that Moscow acted to help him win.
-
Rahul Targets Modi On Black Money, Seeks Debt Waiver For Farmers
Rahul Gandhi today targeted Prime Minister Narendra Modi over the IDS scheme alleging that he had failed to act against black money despite his talk of "56-inch chest" to fight corruption, and instead brought out a scheme for turning into white the ill-gotten wealth of "thieves".
-
Uday Kotak Says Low Growth, Tardy Legal System Impeding NPA Fight
Even as bad assets mount, banker Uday Kotak has said legal tangles and sluggish economic growth are making asset quality resolution a tough job for lenders, and termed the RBI's asset quality review as a "small subset" of the stress that exists in the system.
-
Euro Zone Summit Aims to Save Greece in Euro Zone
Euro zone leaders will fight to the finish to keep near-bankrupt Greece in the euro zone today after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".
