Lawsuit filed against Imperial Pacific for outstanding debts
Imperial Pacific International (IPI) is facing lawsuit for outstanding debts it owes to various firms. Fritz Pacific Project Development Services,…
India’s Banking Sector Buckles Under NPA Issues, Bad Debts To Hinder Economic Recoup
The issue of non-performing assets in the Indian banking sector has received a lot of media attention in public discussion.…
RIL to use 75% of ₹53000 Crores raised via Rights Issue to Repay Debts
KOLKATA: A few weeks ago, the board of Mukesh Ambani-led Reliance Industries Limited (RIL) announced the approval of a plan…
COVID-19: Banks estimate Bad Debts to Double following RBI moratorium on EMIs
KOLKATA: The Indian banking sector expects the total amount of bad debts to double up in the upcoming months. India…
Mukesh Ambani extends help to Anil Ambani for paying Ericsson’s debts, saves Anil Ambani from jail term
In a dynamic turn of events, Mukesh Ambani yesterday extended helping hand to his younger brother Anil Ambani ending the coldness…
Between debts and financial struggles IL&FS’s MD and CEO, Ramesh Bawa quits
Amid the financial crisis and cash trap, Infrastructural Leasing and Financial Services (IL&FS) on Saturday drowned in its own misery…
Rajasthan govt waives off loan debts for 50,000 farmers
Farmers end the strike in Rajasthan as the state government decided to waive off loans of around 50,000 farmers on…
Farmers defaulting to pay back debts to banks, expecting loan waive off
Expectation of loan waiver has prompted farmers across states to stop repayment of money owed to financial institutions.
Understanding what is overheating of economy?
An overheated economy is expanding at an unsustainable rate. It represents a situation where the total demand for goods and…
Q4CY24 Likely To Witness Bumper IPOs; Hyundai, Swiggy, NTPC Green Energy Get SEBI Nod
Many companies have recently received permission from the Indian market watchdog SEBI to list their companies on bourses through IPO.…