“Faith is the bird that feels the light and sings when the dawn is still dark” Rabindranath Tagore (As quoted by the FM in her budget speech last Monday) The budget, which appears as a ...

The Union government’s fiscal deficit soared to Rs 10.75 lakh crore, or 135.1 per cent of the 2020-21 budget estimates (BE), at the end of November 2020, mainly on account of low realisation of ...

Kesoram Industries has received in-principle approval from its consortium of lenders to its debt recast proposal. The plan envisages retiring the loans of  the Indian lenders by taking on fresh ...

Corporate India can shed long -term debt of $341 billion by monetising real estate, according to JLL, a real estate and investment management firm. An uncertain economic scenario has forced corporate...

Crisil Ratings, an S&P Global company, on Tuesday said as many as 99 per cent of the non-MSME corporate houses it has rated are unlikely to opt for the Reserve Bank of India’s one time debt ...

Utpal Roy, who headed a 11-member committee formed to hold the shraddha, told The Telegraph that Paul’s youngest brother Adhir performed the final ritual, which was followed by a naam kirtan lat...

Five members of a family allegedly died by suicide at their rented residence in lower Assam’s Kokrajhar district on Monday apparently because they were “heavily” in debt. The victim...

Malaysia’s AirAsia X Bhd, the long-haul arm of AirAsia Group Bhd, said it wanted to restructure $15.3 billion of debt and slash its share capital by 90 per cent to continue as a going concern. ...

More debt recast cases may arise in small and mid-sized banks than the bigger ones with the RBI accepting the recommendations of the KV Kamath panel and setting into motion the recast mechanism to hel...

The signing of ICA is a mandatory requirement in all cases involving multiple lending institutions, where the resolution process is invoked. Additional provisions need to be made if the agreement is n...