Search Results for: bankruptcy

reliance communications, anil ambani, rcom debt default, rcom loan default, rcom downgrade, rcom share price, adag, indian telecom sector

RCom in tight spot as tower operators cut services citing pending dues

Reliance Communications owes GTL and its unit CNIL about Rs 95 crore and Rs 20 crore to Rs 25 crore each to ATC and Bharti Infratel.

Oct 6, 2017

SBI to prepare 3-year roadmap to address NPA; reviving credit growth top priority: Rajnish Kumar

SBI will soon prepare a roadmap for the next three years to tackle issues like asset quality, credit growth, digitisation and human resources management.

Oct 6, 2017

Donald Trump downplays Hurricane Maria's devastation, says Puerto Rico should be 'proud' of storm's death toll

Social media users have lashed out at US President Donald Trump for saying that Hurricane Maria was "not a real catastrophe like Katrina" and that Puerto Rico should be "proud" of the low death toll.

Oct 4, 2017

Crossed wires for telecom: IUC cut by the regulator is a flawed antidote

For incumbent operators, the charge which is collected while allowing calls from rival networks to terminate on their users forms 9-15 per cent of their consolidated revenues.

Sep 29, 2017

Another 2 lakh directors disqualified for holding posts in defaulting companies

These directors will not be allowed to hold seats in other companies and might have to resign from their posts soon in the future.

Sep 25, 2017

Toys R Us files for bankruptcy

The largest toy store chain in the US, Toys R Us, has filed for bankruptcy protection. The chain has been facing pressure from online retailers and discount stores in recent years, and this latest move casts doubt on the future of thousands of staff, and their stores across the US and Canada.

Sep 19, 2017

Finance Ministry seeks details of 40 accounts tagged for insolvency and bankruptcy

Commercial banks had expressed concerns over the extra provisioning requirements which is being looked at and if necessary, the ministry will have further discussions with the RBI.

Sep 16, 2017

Supreme Court orders Jaypee to pay Rs 50 lakh to homebuyers

The realty firm had launched the Kalypso Court project in 2007, which planned to set up about 16 towers by 2011. But the works are still pending in most of the towers.

Sep 14, 2017

Ericsson India files insolvency case against Reliance Communications

Reliance Communications said that it plans to challenge the insolvency petitions.

Sep 14, 2017

india gdp, asian development bank, adb projects india gdp for fy2018, indian economy

Economy meltdown: India's corporate debt soars to seven-year high, says report

One out of five large companies is not earning enough to service even the interest of its loan, says a look at corporate debt data.

Sep 13, 2017

HDFC Bank second most valued company in India, overtakes TCS

At a time when most private and public sector banks are not showing much interest in growing their corporate lending, primarily due to capital constraints, HDFC Bank is aiming to expand its wholesale loan book through refinancing.

Sep 12, 2017

Bank employees to stage protests on September 15

The banking sector wants the government to focus on concerns such as staff shortage and real recovery of Non-Performing Assets (NPAs).

Sep 12, 2017

Insolvency case: SC tells Jaypee Infratech to fork out deposit of Rs 2,000 crore

Buyers approached the apex court to protect their money after they could not take possession of their flats.

Sep 11, 2017

Bad loans: Credit rating must for next set of NPAs, says RBI

The lenders have informally informed companies regarding the on-the-rating requirement, but no official communication on this yet.