DEBT OBLIGATION

Indian lenders account for more than ?88,000 crore of the Adani Group's total debt of ?2.41 lakh crore as of March 31, 2024, according to a group presentation. Following the Hindenburg report in January 2023, several Indian banks and financial insti...

The company is in talks with investors to raise $500 million in the coming weeks through a bond issue to partly refinance $606 million of outstanding 13.875% notes maturing in 2028. This is a re-tap of the bonds raised in September and the instrumen...

Fitch Ratings has maintained Vedanta Resources Limited's (VRL) 'B-' rating with a positive outlook, signaling potential improvement. The agency also assigned a 'B-' rating to VRL's senior unsecured debt and $1.2 billion in proposed notes, with a Rec...

The Harris campaign has faced significant scrutiny over its financial management, especially given the escalating costs.

At the UN climate conference, India urged developed nations to commit at least USD 1.3 trillion annually until 2030 to aid developing countries in combating climate change. They emphasized that this support should be provided as grants and concessio...

The $850 million private credit facility from Standard Chartered Bank, which carries a high interest rate of 18%, is secured against future brand fee receivables. These brand fees, projected at around $300 million annually, help VRL with a recurring...

PFC directors questioned the legal constraints on transferring Tata Sons shares in the event of a default. ET had earlier reported that Tata Trusts had stated that Tata Sons shares are not freely transferable.

Vedanta is moving forward with its plan to separate its businesses into distinct publicly traded companies by the end of FY25. This move aims to unlock value and enhance sector-specific focus. However, the demerger is unlikely to immediately address...

Newly elected U.S. President Donald Trump will face fiscal challenges that could threaten the country's standing in the global debt markets. U.S. budget deficits and government debt levels were largely projected to surge as Trump's policies are beli...

IL&FS Group, grappling with debt, has successfully repaid Rs 38,082 crore to its creditors by September 30, 2024. The resolution process, involving asset monetization and debt restructuring, aims to resolve a total of Rs 61,000 crore, representing a...

MTNL informed investors that its debt obligations for the upcoming semi-annual interest payment on its 7.80% bond have been made for Series VIII-C (INE153A08170). The funds were transferred into the designated escrow account on November 4, before th...

Goldman Sachs and Nomura picked up stakes in Afcons Infrastructure through bulk deals, despite the stock's negative listing. Afcons Infrastructure's muted debut was due to negative market sentiments and lower-than-expected subscription, primarily ca...

Sebi proposes raising the threshold for High Value Debt Listed Entities from Rs 500 crore to Rs 1,000 crore to reduce compliance burdens. It includes governance obligations, filing reports in XBRL format, and harmonising reports with equity-listed e...

Reliance Power Share Price: Shares of Reliance Power rose 5% today, reaching a high of Rs 32.98, following the announcement of a settlement regarding obligations worth Rs 3,872.04 crore for the lenders of Vidarbha Industries Power (VIPL). The compan...

The lenders say the troubled edtech company has not made any contractually due payments in over 17 months and neither founder Byju Raveendran nor the Insolvency Resolution Professional has the authority to disqualify any term loan lender.

SpiceJet has announced a term sheet agreement with Carlyle Aviation Management to restructure aircraft lease obligations amounting to $137.68 million, which will be adjusted to $97.51 million upon settlement or waivers. The budget airline will issue...

The Indian government has assured there will be no default on MTNL's bond dues as its operations transfer to BSNL. Telecom Minister Jyotiraditya Scindia emphasized the government's support behind the sovereign guarantee bonds and ongoing asset monet...

Biocon Biologics plans to raise ?4,500 crore with HSBC and MUFG's aid for a $175 million Aflibercept option. Previous funding by Kotak and Edelweiss and Crisil predicts ?4,800 crore debt by FY26. Tackling $1.2 billion debt, Biocon's net profit at 7%...

Vodafone Idea faces challenges in increasing ARPU through tariff hikes post-election, as price-sensitive customers resist. 42% of Vi users may downgrade or close secondary SIMs due to upcoming higher tariffs. Vi seeks to upgrade 2G to 4G, double Ebi...