Business Loan

Most of the Adani stocks climbed in morning trade today after the Group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme.

Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.

Bankrupt crypto exchange FTX received US bankruptcy court permission on Thursday to sell its LedgerX business for $50 million (nearly Rs. 408 crore), raising additional funds to repay creditors. At a hearing in Wilmington, Delaware, US Bankruptcy Judge John Dorsey signed off on FTX's sale of LedgerX, its non-bankrupt crypto derivatives trading plat...

Coinbase’s fiat loan borrowing service is coming to an end on May 10. The company has not provided any specific reason that provoked it to take this decision. The company seems to be taking a calculative approach in terms of restructuring its business, especially now that its operations have caught the attention of US’ Securities and Exchange C...

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,161 crore, including principal and interest amount.

Vedanta Resources Limited (Vedanta), the parent company of Mumbai-listed mining giant Vedanta Ltd, todaysaid it has paid all its maturing loans and bonds due in this month to reduce its gross debt by a further $1 billion.

The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.

Banks and financial institutions have sanctioned Rs 23.2 lakh crore to over 40.82 crore beneficiaries under the Mudra Yojana launched to fund the unfunded eight years ago.

Reliance Industries Ltd and its telecom arm Jio Infocomm have raised a total of $5 billion in back-to-back foreign currency loans, the largest syndicated loan in India's corporate history, sources said.

A revamped credit guarantee scheme for India's micro and small enterprises will come into effect from Saturday, with the annual guarantee fee for loans up to Rs 1 crore getting reduced from the peak 2 per cent to 0.37 per cent.

Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal today that they have settled a dispute over a loan default, paving the way for the media company's merger with a local unit of Sony.

The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.

Pakistani ministers can no longer fly business class or stay in five-star hotels abroad. And the government thanks them for taking salary cuts.

"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March.

Most of the Adani stocks climbed in morning trade today after the Group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme.

Paytm on Monday announced its business operating performance and that its consumer engagement on the Paytm Super App has seen an average Monthly Transacting Users (MTU) for the two months ended May 2023 at 9.2 crore, registering a growth of 24 percent year-on-year.

Bankrupt crypto exchange FTX received US bankruptcy court permission on Thursday to sell its LedgerX business for $50 million (nearly Rs. 408 crore), raising additional funds to repay creditors. At a hearing in Wilmington, Delaware, US Bankruptcy Judge John Dorsey signed off on FTX's sale of LedgerX, its non-bankrupt crypto derivatives trading plat...

Coinbase’s fiat loan borrowing service is coming to an end on May 10. The company has not provided any specific reason that provoked it to take this decision. The company seems to be taking a calculative approach in terms of restructuring its business, especially now that its operations have caught the attention of US’ Securities and Exchange C...

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,161 crore, including principal and interest amount.

Vedanta Resources Limited (Vedanta), the parent company of Mumbai-listed mining giant Vedanta Ltd, todaysaid it has paid all its maturing loans and bonds due in this month to reduce its gross debt by a further $1 billion.

The Reserve Bank of India's (RBI) proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues going forward, Morgan Stanley said.

Banks and financial institutions have sanctioned Rs 23.2 lakh crore to over 40.82 crore beneficiaries under the Mudra Yojana launched to fund the unfunded eight years ago.

Reliance Industries Ltd and its telecom arm Jio Infocomm have raised a total of $5 billion in back-to-back foreign currency loans, the largest syndicated loan in India's corporate history, sources said.

A revamped credit guarantee scheme for India's micro and small enterprises will come into effect from Saturday, with the annual guarantee fee for loans up to Rs 1 crore getting reduced from the peak 2 per cent to 0.37 per cent.

Zee Entertainment Enterprises Ltd and IndusInd Bank Ltd told an Indian tribunal today that they have settled a dispute over a loan default, paving the way for the media company's merger with a local unit of Sony.

The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people.

Pakistani ministers can no longer fly business class or stay in five-star hotels abroad. And the government thanks them for taking salary cuts.

"We cannot have a system where we have a 20% growth year-on-year on MSME and retail and then an NPA (ratio) which will remain below 1% for retail," Ashwini Kumar Tiwari, managing director at State Bank of India said.

Adani Ports and Special Economic Zone has repaid Rs 1,500 crore loan and will repay another Rs 1,000 crore in commercial papers due in March.