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Adani Group Touts Financial Muscle, Shows Can Grow Without External Debt
Billionaire Gautam Adani's conglomerate on Monday touted the financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt.
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To Address Debt, Court Asks Himachal To Shut Down 18 State-Run Hotels
The Congress government in Himachal Pradesh is battling massive debt and to help it clear its unpaid dues, the Himachal Pradesh High Court today ordered the shutting down of 18 state-owned loss-making hotels.
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5 Members Of Bihar Family Consume Poison Tablets Over Bank Loan, 1 Dead
A desperate struggle with mounting debt ended in tragedy for a family in Bihar, where five members consumed poison in the early hours of Saturday morning.
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National Education Day: Need For Financial Education In Schools And Colleges
Basic financial skills such as budgeting, saving, managing debt and investing are essential for leading a secure and prosperous life.
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Investors Can Use 3-In-1 Accounts To Apply For Some Debt Securities: SEBI
Markets regulator Sebi clarified that investors can continue using 3-in-1 accounts to apply online for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitised debt instruments.
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"Byju's Worth Zero," Says Founder Of India's Once Biggest Startup
Byju Raveendran, the founder of what was once India's biggest start-up, Byju's, said he overestimated the growth potential of his education-technology company which is now "worth zero" as it faces insolvency, but remains hopeful of rescuing it.
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"Every Indian Owes You A Debt": Ratan Tata's 1996 Letter To Narasimha Rao
In a handwritten letter to PV Narasimha Rao, late Ratan Tata expressed his respect for Mr Rao's "outstanding achievement" in heralding much-needed economic reforms in India.
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3 Of Family Die By Suicide After Being Harassed Over Rs 60 Lakh Bank Loan In Rajasthan
Harassed by the bank officials and other people owing a debt of Rs 60 lakh, three members of a family, including a girl aged seven died by suicide in Bikaner on Tuesday.
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'Connectivity Clouding Sovereignty...': S Jaishankar's Veiled Dig At China
External Affairs Minister S Jaishankar on Saturday told the UN General Assembly that unviable projects raise debt levels and any connectivity that clouds sovereignty and territorial integrity acquires strategic connotations, especially when it is not
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With AI, Dead Celebrities Are Working Again And Making Millions
The dead-celebrity industry has proved lucrative. Despite Michael Jackson being about $500 million in debt at the time of his death, his estate has amassed a fortune of $2 billion, according to People.
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Supreme Court Rejects Telcos' Plea on AGR Dues Owed to Government
The Supreme Court has dismissed a plea from telecom companies to reassess the dues they owe the government, resulting in a decline in the stock prices of Vodafone Idea and its counterparts. Vodafone Idea and Bharti Airtel are facing a combined debt of Rs. 1 lakh crore in outstanding dues, encompassing spectrum charges and licensing fees.
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Bengaluru Man Steals 50 Laptops From His Firm To Pay Off Debts, Arrested
City police have arrested a 29-year-old man, who worked as a system administrator at a multimedia firm, for allegedly stealing about 50 company laptops worth nearly Rs 22 lakh, officials said.
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Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
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As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
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Verified Debt Claim On Byju's Is Only Rs 20 Crore, Says Founder
Think & Learn, which owns Byju's may not have to pay any amount for the disputed USD 1.2-billion Term Loan B due the present "behaviour" of Glas Trust -- an agency which is representing US-based lenders -- Founder and CEO Byju Raveendran said.
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Adani Group Touts Financial Muscle, Shows Can Grow Without External Debt
Billionaire Gautam Adani's conglomerate on Monday touted the financial and credit details of its portfolio companies to investors, showcasing its robust profits and cash flows that can sustain growth without reliance on external debt.
-
To Address Debt, Court Asks Himachal To Shut Down 18 State-Run Hotels
The Congress government in Himachal Pradesh is battling massive debt and to help it clear its unpaid dues, the Himachal Pradesh High Court today ordered the shutting down of 18 state-owned loss-making hotels.
-
5 Members Of Bihar Family Consume Poison Tablets Over Bank Loan, 1 Dead
A desperate struggle with mounting debt ended in tragedy for a family in Bihar, where five members consumed poison in the early hours of Saturday morning.
-
National Education Day: Need For Financial Education In Schools And Colleges
Basic financial skills such as budgeting, saving, managing debt and investing are essential for leading a secure and prosperous life.
-
Investors Can Use 3-In-1 Accounts To Apply For Some Debt Securities: SEBI
Markets regulator Sebi clarified that investors can continue using 3-in-1 accounts to apply online for public issues of debt securities, non-convertible redeemable preference shares, municipal debt securities, and securitised debt instruments.
-
"Byju's Worth Zero," Says Founder Of India's Once Biggest Startup
Byju Raveendran, the founder of what was once India's biggest start-up, Byju's, said he overestimated the growth potential of his education-technology company which is now "worth zero" as it faces insolvency, but remains hopeful of rescuing it.
-
"Every Indian Owes You A Debt": Ratan Tata's 1996 Letter To Narasimha Rao
In a handwritten letter to PV Narasimha Rao, late Ratan Tata expressed his respect for Mr Rao's "outstanding achievement" in heralding much-needed economic reforms in India.
-
3 Of Family Die By Suicide After Being Harassed Over Rs 60 Lakh Bank Loan In Rajasthan
Harassed by the bank officials and other people owing a debt of Rs 60 lakh, three members of a family, including a girl aged seven died by suicide in Bikaner on Tuesday.
-
'Connectivity Clouding Sovereignty...': S Jaishankar's Veiled Dig At China
External Affairs Minister S Jaishankar on Saturday told the UN General Assembly that unviable projects raise debt levels and any connectivity that clouds sovereignty and territorial integrity acquires strategic connotations, especially when it is not
-
With AI, Dead Celebrities Are Working Again And Making Millions
The dead-celebrity industry has proved lucrative. Despite Michael Jackson being about $500 million in debt at the time of his death, his estate has amassed a fortune of $2 billion, according to People.
-
Supreme Court Rejects Telcos' Plea on AGR Dues Owed to Government
The Supreme Court has dismissed a plea from telecom companies to reassess the dues they owe the government, resulting in a decline in the stock prices of Vodafone Idea and its counterparts. Vodafone Idea and Bharti Airtel are facing a combined debt of Rs. 1 lakh crore in outstanding dues, encompassing spectrum charges and licensing fees.
-
Bengaluru Man Steals 50 Laptops From His Firm To Pay Off Debts, Arrested
City police have arrested a 29-year-old man, who worked as a system administrator at a multimedia firm, for allegedly stealing about 50 company laptops worth nearly Rs 22 lakh, officials said.
-
Byju's Still Obligated To Repay Full Loan Amount, Say US Lenders
US lenders represented by Glas Trust have countered BYJU's founder Byju Raveendran's claim on verified debt on the company being merely around Rs 20 crore.
-
As Maldives Faces Debt Default, China Inks New Finance Pact. Details Here
China and Maldives have signed a new agreement today that allows Beijing to lend more financial support to the already debt-distressed nation. China's central bank has said the pact will also help strengthen trade and investment.
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Verified Debt Claim On Byju's Is Only Rs 20 Crore, Says Founder
Think & Learn, which owns Byju's may not have to pay any amount for the disputed USD 1.2-billion Term Loan B due the present "behaviour" of Glas Trust -- an agency which is representing US-based lenders -- Founder and CEO Byju Raveendran said.
