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MTNL Defaults On Bank Loans Worth Nearly Rs 8,600 Crore
State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday.
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J&K Has Debt Of Rs 1.25 Lakh Crore: Chief Minister Omar Abdullah
J&K Chief Minister Omar Abdullah, who is also the finance minister of the UT, said the union territory's total debt is Rs 1,25,205 crore.
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Government Estimates Centre's Debt To Rise To Rs 185 Lakh Crore In FY25
The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year.
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Byju's Faces Total Shutdown If Insolvency Proceeds, Says CEO Byju Raveendran
Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court filing seen by Reuters.
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IL&FS Settled Rs 35,650 Crore Of Its Rs 99,000 Crore Dues: Group MD
The IL&FS Group has settled around Rs 35,650 crore of its total debt of Rs 99,000 crore through asset monetisation, auto debits by banks and repayments as of September.
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Amid Economic Crisis, Pakistan Government's Debt Rises To Over Rs 58 Trillion
The Pakistan government's total debt has increased 34.1 per cent year-on-year to Rs 58.6 trillion at the end of April, according to the latest report by the country's central bank.
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Telecom Companies Recorded Rs 4.17 Lakh Crore Debt In 2021-22: Centre
Six telecom companies -- including Airtel, Reliance Jio and Vodafone Idea -- had a total debt of Rs 4.17 lakh crore in fiscal 2021-22, Parliament was informed on Wednesday.
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Unable To Pay Rs 35 Lakh Debt, 6 Of Family Found Dead In Gujarat: Cops
Six members of a family who were found dead in Ahmedabad's Vatva on June 19 took the step because they were unable to pay debts totaling Rs 35 lakh due to lack of jobs during the coronavirus-induced lockdown, police said on Monday.
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Pakistan Received $6.5 Billion Loan From China In July-April: Report
For the first time Pakistan has disclosed that it has taken a total debt of $6.5 billion from China in the current financial year, which is equal to 75 per cent of the total foreign loans of $8.6 billion the cash-strapped country received during the period.
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What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
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Kerala Farmer Kills Self Over "Mounting Debts", Ninth Suicide In 2 Months
Apparently distressed by mounting debts and damage to crops due to the August floods, a 49-year-old farmer from Thrissur district allegedly killed himself on Friday, taking the total number of farmer deaths in Kerala in the last two months to nine.
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Government To Allocate Rs 3,900 Crore To Service Air India Debt
The government will provide a total of Rs 3,900 crore for servicing Air India's loans transferred to a special purpose vehicle, according to budget documents.
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In 4.5 Years, India's Debt Up 49% To 82 Lakh Crore, Says Finance Ministry
Total liabilities of the government has increased 49 per cent to Rs 82 lakh crore in the last four-and-half years during the Narendra Modi government, as per the 8th Edition of the Status Paper on Government Debt released Friday.
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India's External Debt Rises By 12% To Over $529 Billion
India's total external debt for the quarter ended March 2018 rose on a year-on-year basis by over 12 per cent to $529.7 billion, official data showed on Friday.
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Foreign Airlines Allowed To Invest Up To 49% In Air India
This move is expected to expedite Air India's divestment process.
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MTNL Defaults On Bank Loans Worth Nearly Rs 8,600 Crore
State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday.
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J&K Has Debt Of Rs 1.25 Lakh Crore: Chief Minister Omar Abdullah
J&K Chief Minister Omar Abdullah, who is also the finance minister of the UT, said the union territory's total debt is Rs 1,25,205 crore.
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Government Estimates Centre's Debt To Rise To Rs 185 Lakh Crore In FY25
The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year.
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Byju's Faces Total Shutdown If Insolvency Proceeds, Says CEO Byju Raveendran
Insolvency proceedings against ed-tech giant Byju's, once India's biggest startup valued at $22 billion, will likely force thousands of employees to quit and result in a total shutdown of its services, its CEO said in a court filing seen by Reuters.
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IL&FS Settled Rs 35,650 Crore Of Its Rs 99,000 Crore Dues: Group MD
The IL&FS Group has settled around Rs 35,650 crore of its total debt of Rs 99,000 crore through asset monetisation, auto debits by banks and repayments as of September.
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Amid Economic Crisis, Pakistan Government's Debt Rises To Over Rs 58 Trillion
The Pakistan government's total debt has increased 34.1 per cent year-on-year to Rs 58.6 trillion at the end of April, according to the latest report by the country's central bank.
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Telecom Companies Recorded Rs 4.17 Lakh Crore Debt In 2021-22: Centre
Six telecom companies -- including Airtel, Reliance Jio and Vodafone Idea -- had a total debt of Rs 4.17 lakh crore in fiscal 2021-22, Parliament was informed on Wednesday.
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Unable To Pay Rs 35 Lakh Debt, 6 Of Family Found Dead In Gujarat: Cops
Six members of a family who were found dead in Ahmedabad's Vatva on June 19 took the step because they were unable to pay debts totaling Rs 35 lakh due to lack of jobs during the coronavirus-induced lockdown, police said on Monday.
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Pakistan Received $6.5 Billion Loan From China In July-April: Report
For the first time Pakistan has disclosed that it has taken a total debt of $6.5 billion from China in the current financial year, which is equal to 75 per cent of the total foreign loans of $8.6 billion the cash-strapped country received during the period.
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What's Next For Jet Airways After Founder Naresh Goyal's Exit: Ten Points
Jet Airways founder-chairman Naresh Goyal and his wife, Anita, resigned from the airline's board of directors today while state-run lenders announced a Rs 1,500 crore bailout plan. The two took the step at a time when a majority of its fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. The total debt of the tr...
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Kerala Farmer Kills Self Over "Mounting Debts", Ninth Suicide In 2 Months
Apparently distressed by mounting debts and damage to crops due to the August floods, a 49-year-old farmer from Thrissur district allegedly killed himself on Friday, taking the total number of farmer deaths in Kerala in the last two months to nine.
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Government To Allocate Rs 3,900 Crore To Service Air India Debt
The government will provide a total of Rs 3,900 crore for servicing Air India's loans transferred to a special purpose vehicle, according to budget documents.
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In 4.5 Years, India's Debt Up 49% To 82 Lakh Crore, Says Finance Ministry
Total liabilities of the government has increased 49 per cent to Rs 82 lakh crore in the last four-and-half years during the Narendra Modi government, as per the 8th Edition of the Status Paper on Government Debt released Friday.
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India's External Debt Rises By 12% To Over $529 Billion
India's total external debt for the quarter ended March 2018 rose on a year-on-year basis by over 12 per cent to $529.7 billion, official data showed on Friday.
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Foreign Airlines Allowed To Invest Up To 49% In Air India
This move is expected to expedite Air India's divestment process.
