Sunny Verma

Post the IL&FS default and the liquidity crisis in the market, banks have nearly stopped lending to the NBFCs and HFCs, thereby making it tough for them to do normal business.

The IL&FS group, which has a total debt of Rs 91,000 crore, has to repay Rs 1,085 crore worth of commercial papers in the next six months during October 29, 2018 to March 13, 2019.

This has come after senior officials of the airline reached out bankers last week, who needed more clarity on the company’s stake sale and revival package plans.

This is unlikely to provide any immediate relief in terms of arresting the rupee slide, industry sources said.

Funds from commercial paper, debt market at unviable rates; NHB steps up its refinance facility by Rs 6,000 crore

‘The Authority is likely to make payments for portion of completed projects’

On top of the excise duty cut, which will cost the exchequer Rs 21,000 crore in a full year, the government has asked oil marketing companies to share a burden of Re 1 per litre of fuel, which will result in under-recoveries.

IL&FS has to repay around Rs 2,500 crore to banks and debt paper holders by March 31, 2019.

IL&FS and its subsidiaries Tuesday filed a petition with the Mumbai Bench of the National Company Law Tribunal (NCLT) seeking to restructure its debt under Section 230 of the Companies Act 2013.

Incidentally, IL&FS and its subsidiaries Tuesday filed a petition with the Mumbai Bench of the National Company Law Tribunal (NCLT) seeking to restructure debt under Section 230 of the Companies Act 2013.

The domestic mutual fund industry’s investment into these 45 companies shows that the funds increased their holding only in three between 2010 and 2018

LIC is sitting on a big loss as share price fell from 73.15 in March 2017 to Rs 37.65 in September 2017. The share price of the company closed at Rs 21.1 on September 18. The company announced zero revenue in the year ended March 2018 and a profit of Rs 19 lakh.

This would ensure that while absorbing the two smaller banks, Bank of Baroda gets the positive strength of Vijaya Bank while dealing with the stiff challenges associated with turning around Dena Bank.

Specialised stressed assets funds line up more than Rs 15,000-crore equity capital, joining hands with Indian entities.

While the banks missed out on stopping Vijay Mallya from leaving the country, the SBI-led consortium of 17 banks finally filed a petition in the Supreme Court on March 5.

Out of 21 PSBs in the country, 11 currently under the RBI’s PCA framework, which kicks in when banks breach any of the three key regulatory trigger points — capital to risk weighted assets ratio, net NPA and Return on Assets.

Why is it so difficult for governments to cut taxes on auto fuels and could the inclusion of petrol and diesel under GST change this situation? All your questions answered.

It is not just rising prices and imports of crude that have put pressure on the rupee. From coal & coke to electronics and minerals, a look at how Indian imports have risen sharply from one fiscal to the next.

In the 2018-19 financial year, the tax department announced that returns filed after August 31, 2018, will attract penalty of Rs 5,000.