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'Pakistan Not Allowed To...': IMF Explains $2.3 Billion Bailout Payments
Amid questions by India over international agencies' aid funding to Pak after the Pahalgam terror attack, the IMF said Pakistan is not allowed to divert financial assistance provided to its central bank.
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Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
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IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
The IMF has asked El Salvador to change its policies around Bitcoin in order to get the aid of $1.4 billion that it needs to expedite public debt payments and other financial obligations.
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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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Twitter Could Be Cash Flow-Positive By Next Quarter After Aggressively Cutting Costs, Elon Musk Says
Twitter has a chance to become cash flow-positive by the next quarter, CEO Elon Musk said on Tuesday. The company has been marked by chaos and uncertainty since the acquisition by Musk, after multiple rounds of layoffs and other measures to cut costs. Twitter also faces annual interest payments of about $1.5 billion as a result of the debt it took ...
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Twitter Makes First Interest Payment to Banks on Elon Musk’s $13 Billion Buyout Loan
Twitter has begun interest payments on the bank loan that helped finance Elon Musk’s $44 billion takeover of the social media platform last year. According to people familiar with the matter, Twitter has made its first interest payment to banks, paying about $300 million last week.
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El Salvador Approves Bitcoin Bonds Bill, Will Legalise Bitcoin-Backed 'Volcano Bond'
El Salvador has officially legitamised Bitcoin bonds, in order to raise funds to repay the nation’s debts as well as bring in capital to fuel the construction of Nayib Bukele’s ambitions ‘Bitcoin City’. The domestic securities law, that had been making the rounds in the Salvadoran parliament for a while now, bagged 62 votes from the legisla...
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Twitter's 'Massive' Revenue Drop Adds to Firm's Heavy Debt Burden After Elon Musk Takeover
Elon Musk recently announced that Twitter had taken a massive hit to revenue since he completed his takeover deal over a week ago. The microblogging service was losing more than $4 million (roughly Rs. 33 crore) a day, largely because advertisers started fleeing once he took over. Musk has also blamed civil rights activists pressuring advertisers, ...
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Russia Defaults On Foreign Debt For First Time Since 1918
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.
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Russian Invasion May Plunge Ukraine Into Devastating Recession: IMF
he government in Kyiv continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the IMF said Monday.
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Meghan, Prince Harry Have Fulfilled "Debt Obligations" On UK Home: Report
Britain's Prince Harry and his wife Meghan have met their "obligations" in regards to their British home and no more payments on the property will be needed for the time being, a senior Buckingham Palace source has said.
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World Bank, IMF Call For Suspension Of Debt Payment By Developing Nations
The International Monetary Fund and World Bank on Wednesday called for governments to put a hold on debt payments from the world's poorest nations so they can battle the coronavirus pandemic.
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F1: Jaypee Group Loses 1000 Hectares Of Land Used For The Buddh International Circuit
The Buddh International Circuit (BIC) has been hit by issues once again as the Yamuna Expressway Authority cancelled the allotment of 1000 hectares of land in Greater Noida to the Jaypee group on Saturday. India's first and only F1 track is located in this land as part of the Yamuna Expressway Industrial Development Authority's (YEIDA) special econ...
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Jet To Pay December Salaries As Pilots Threaten Strike From Tomorrow
Indebted carrier Jet Airways will pay December salaries to pilots and aircraft maintenance engineers but for now cannot pay more recent overdue wages, its chief executive said on Saturday after pilots threatened to strike over payment delays. Jet Airways has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after r...
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Reliance Industries' Mukesh Ambani Provides 'Support' to Brother Anil as Ericsson Debt Paid Off
Reliance Communications said the requisite payment had been made to Ericsson to comply with an Indian Supreme Court judgement.
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'Pakistan Not Allowed To...': IMF Explains $2.3 Billion Bailout Payments
Amid questions by India over international agencies' aid funding to Pak after the Pahalgam terror attack, the IMF said Pakistan is not allowed to divert financial assistance provided to its central bank.
-
Bharti Airtel, Unit Pay Rs. 5,985 Crore to Clear 'High-Cost' 2024 Spectrum Dues
Bharti Airtel, along with Bharti Hexacom, has prepaid Rs. 5,985 billion to the government, clearing "high-cost" liabilities from the 2024 spectrum auctions. India's second-largest telecom firm has reduced its spectrum-related debt to Rs. 52,000 crore, lowering the cost of debt to 7.22%. Airtel has been actively prepaying dues from past aggressive s...
-
IMF Withholding Financial Aid for El Salvador Due to Its Bitcoin Alliance: Report
The IMF has asked El Salvador to change its policies around Bitcoin in order to get the aid of $1.4 billion that it needs to expedite public debt payments and other financial obligations.
-
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.
-
Twitter Could Be Cash Flow-Positive By Next Quarter After Aggressively Cutting Costs, Elon Musk Says
Twitter has a chance to become cash flow-positive by the next quarter, CEO Elon Musk said on Tuesday. The company has been marked by chaos and uncertainty since the acquisition by Musk, after multiple rounds of layoffs and other measures to cut costs. Twitter also faces annual interest payments of about $1.5 billion as a result of the debt it took ...
-
Twitter Makes First Interest Payment to Banks on Elon Musk’s $13 Billion Buyout Loan
Twitter has begun interest payments on the bank loan that helped finance Elon Musk’s $44 billion takeover of the social media platform last year. According to people familiar with the matter, Twitter has made its first interest payment to banks, paying about $300 million last week.
-
El Salvador Approves Bitcoin Bonds Bill, Will Legalise Bitcoin-Backed 'Volcano Bond'
El Salvador has officially legitamised Bitcoin bonds, in order to raise funds to repay the nation’s debts as well as bring in capital to fuel the construction of Nayib Bukele’s ambitions ‘Bitcoin City’. The domestic securities law, that had been making the rounds in the Salvadoran parliament for a while now, bagged 62 votes from the legisla...
-
Twitter's 'Massive' Revenue Drop Adds to Firm's Heavy Debt Burden After Elon Musk Takeover
Elon Musk recently announced that Twitter had taken a massive hit to revenue since he completed his takeover deal over a week ago. The microblogging service was losing more than $4 million (roughly Rs. 33 crore) a day, largely because advertisers started fleeing once he took over. Musk has also blamed civil rights activists pressuring advertisers, ...
-
Russia Defaults On Foreign Debt For First Time Since 1918
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut down payment routes to overseas creditors.
-
Russian Invasion May Plunge Ukraine Into Devastating Recession: IMF
he government in Kyiv continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating recession, the IMF said Monday.
-
Meghan, Prince Harry Have Fulfilled "Debt Obligations" On UK Home: Report
Britain's Prince Harry and his wife Meghan have met their "obligations" in regards to their British home and no more payments on the property will be needed for the time being, a senior Buckingham Palace source has said.
-
World Bank, IMF Call For Suspension Of Debt Payment By Developing Nations
The International Monetary Fund and World Bank on Wednesday called for governments to put a hold on debt payments from the world's poorest nations so they can battle the coronavirus pandemic.
-
F1: Jaypee Group Loses 1000 Hectares Of Land Used For The Buddh International Circuit
The Buddh International Circuit (BIC) has been hit by issues once again as the Yamuna Expressway Authority cancelled the allotment of 1000 hectares of land in Greater Noida to the Jaypee group on Saturday. India's first and only F1 track is located in this land as part of the Yamuna Expressway Industrial Development Authority's (YEIDA) special econ...
-
Jet To Pay December Salaries As Pilots Threaten Strike From Tomorrow
Indebted carrier Jet Airways will pay December salaries to pilots and aircraft maintenance engineers but for now cannot pay more recent overdue wages, its chief executive said on Saturday after pilots threatened to strike over payment delays. Jet Airways has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after r...
-
Reliance Industries' Mukesh Ambani Provides 'Support' to Brother Anil as Ericsson Debt Paid Off
Reliance Communications said the requisite payment had been made to Ericsson to comply with an Indian Supreme Court judgement.
