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"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
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Airtel Prepays Rs 3,626 Crore To Centre, Clears Dues For 2016 Spectrum Purchase
Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecom to clear all its liabilities for spectrum it had acquired in 2016, the company said on Thursday.
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Vijay Mallya To "Dearest Friend" Lalit Modi On X: "We've Been Wronged"
Fugitive billiionaires Vijay Mallya and Lalit Modi shared a moment of bonhomie over the Enforcement Directorate's Rs 14,000 debt recovery from the Kingfisher tycoon.
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"Entitled To Relief": Vijay Mallya On Banks Recovering Rs 14,131 Crore Assets
Fugitive businessman Vijay Mallya said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6,203 crore" but he continues to be "an economic offender".
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15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
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4 Adani Group Bonds Rated 'Overweight', JP Morgan Says Liquidity Stable
Adani Group companies' liquidity needs seem stable after tabulating the near-term maturities for offshore debt, said JP Morgan. Adani Green bond issue - which has a decent-size loan of over a billion dollars - will be in focus, it added.
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Crisil Reaffirms Strong Credit Ratings for Adani Group Amid Legal Challenges
The Adani Group has a healthy Ebitda and cash balance that reduces its dependence on external debt to sustain operations, rating agency CRISIL said.
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Rich Countries Provide No Haven From Climate Doom, Study Finds
Not one country is on track for a 1.5C future based on 2030 national pledges for cutting emissions, according to the Assessing Sovereign Climate-related Opportunities and Risks Project.
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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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Trump 2.0 Haunts World Economy Chiefs Gathering in Washington Before Vote
The worlds financial leaders are gathered in Washington, ostensibly to discuss technical stuff: debt, inflation, interest rates. Whats really on their minds is Donald Trump.
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Elon Musk Calls College Education "Overrated", Says Success Doesn't Require A Four-Year Degree
The billionaire emphasised that many students accumulate debt during their college years without acquiring practical skills.
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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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Global Public Debt To Hit Record $100 Trillion: International Monetary Fund
Global public debt is expected to reach a record $100 trillion this year, the IMF said, warning that the fiscal outlook for many countries may even be "worse than expected."
-
"Go Ahead": What Arun Jaitley Told Raghuram Rajan About Tackling Bad Loans
Corruption and delayed planning permits, or land and environmental clearances, contributed to the build-up of non-performing assets - post the global financial crisis - on Indian banks' books, former Reserve Bank chief Raghuram Rajan said.
-
Airtel Prepays Rs 3,626 Crore To Centre, Clears Dues For 2016 Spectrum Purchase
Bharti Airtel has prepaid Rs 3,626 crore to the Department of Telecom to clear all its liabilities for spectrum it had acquired in 2016, the company said on Thursday.
-
Vijay Mallya To "Dearest Friend" Lalit Modi On X: "We've Been Wronged"
Fugitive billiionaires Vijay Mallya and Lalit Modi shared a moment of bonhomie over the Enforcement Directorate's Rs 14,000 debt recovery from the Kingfisher tycoon.
-
"Entitled To Relief": Vijay Mallya On Banks Recovering Rs 14,131 Crore Assets
Fugitive businessman Vijay Mallya said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6,203 crore" but he continues to be "an economic offender".
-
15,000 Crore Of Vijay Mallya, Nirav Modi's Assets Restored To Banks: Centre
Properties worth Rs 14,131 crore - that once belonged to Vijay Mallya - have been seized and handed to public and private sector banks to pay off a part of the fugitive businessman's substantial debts, Finance Minister Nirmala Sitharaman said.
-
4 Adani Group Bonds Rated 'Overweight', JP Morgan Says Liquidity Stable
Adani Group companies' liquidity needs seem stable after tabulating the near-term maturities for offshore debt, said JP Morgan. Adani Green bond issue - which has a decent-size loan of over a billion dollars - will be in focus, it added.
-
Crisil Reaffirms Strong Credit Ratings for Adani Group Amid Legal Challenges
The Adani Group has a healthy Ebitda and cash balance that reduces its dependence on external debt to sustain operations, rating agency CRISIL said.
-
Rich Countries Provide No Haven From Climate Doom, Study Finds
Not one country is on track for a 1.5C future based on 2030 national pledges for cutting emissions, according to the Assessing Sovereign Climate-related Opportunities and Risks Project.
-
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.
-
Trump 2.0 Haunts World Economy Chiefs Gathering in Washington Before Vote
The worlds financial leaders are gathered in Washington, ostensibly to discuss technical stuff: debt, inflation, interest rates. Whats really on their minds is Donald Trump.
-
Elon Musk Calls College Education "Overrated", Says Success Doesn't Require A Four-Year Degree
The billionaire emphasised that many students accumulate debt during their college years without acquiring practical skills.
-
"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.
-
Global Public Debt To Hit Record $100 Trillion: International Monetary Fund
Global public debt is expected to reach a record $100 trillion this year, the IMF said, warning that the fiscal outlook for many countries may even be "worse than expected."
