The biggest failure of post-2008 economic policy has consisted in governments' inability to find creative ways to write down unsustainable debts, for example in US mortgage markets, and in Europe's periphery.
Besides the pandemic that resulted in higher interest rates, the default by Future Retail has dealt a blow to investor sentiment.
India's likely medium-term potential growth will almost certainly be markedly lower than that experienced in pre-pandemic years, warns Shankar Acharya, former chief economic advisor to the Government of India.
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
The overall debt servicing metrics of Indian corporates are weak.
Credit bureaus have become a weapon banks wield even against a consumer who deserves much better.
The firm expects its recent equity infusion, debt refinancing and the compensatory rate to lead to a turnaround in its financial position.
The latest deal would give Facebook deeper access to India, the second largest internet market after China.
The court said the conduct of the directors was in 'gross violation' of its order.
After the Insolvency and Bankruptcy Code came into force, which calls for an auction of assets of loan defaulting entities, recoveries have picked up, said Jaitley.
Check out some of the stocks that will react on the basis of their numbers in the near term.
In the past few months, 45 companies have signalled their intent to raise money through the institutional placement route.
Perhaps the calculation is that economic recovery will have been achieved before the next general election comes around, but such assumptions can come unstuck if current directions are not reversed quickly, cautions T N Ninan.
Despite Indian economy recovering, there is very little room for loan growth, say bankers.
The COVID-19 pandemic has not only affected outpatient services, but also led to deferment of elective surgeries, and resulted in the loss of medical tourism, all of which would hit the FY21 financials.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
Dysfunctional US politics may set off another crisis.
Tata Motors has halved the volume outlook for its UK subsidiary Jaguar Land Rover Automotive (JLR) and warned of lower earnings as it sees the semiconductor shortage deepening in the September quarter of the current financial year, according to a notification issued by the company to the stock exchanges on Tuesday. The announcement caught investors unawares. They were hoping for a quicker recovery. Tata Motors' stock tanked 13 per cent (on July 6) from the day's high of Rs 358.10 and hit the lower circuit (Rs 311.45) in intra-day trades.
Investors with stalled projects and mounting bad debt will refinance their loans.
Rupee hit a record low on Monday, escalating worries about the country's current account deficit and complicating the task of the central bank as it tries to loosen monetary conditions to spur an economic recovery.
The rupee had ended 12 paise higher at 63.70 on Monday.
Mulls ways to improve the bank's earnings, cut bad loans and step up credit recovery efforts
Equity flows have been under pressure since the second half of 2018, after the IL&FS crisis sent shockwaves in both equity and debt markets.
The fundamental debate remains where you stand on the long-term growth question. That is what every investor must monitor and come to their own conclusions, suggests Akash Prakash.
India was already in the midst of a protracted economic slowdown before the virus hit due to a festering crisis among shadow lenders and declining consumer demand and private investment. Service sector activity in India is still effectively on hold.
USL claims it has given a report on how the liquor baron channelled money from the company to Kingfisher Airlines, Force India and Watson.
The dispute between RCom and Chinese banks led by ICBC started after Anil Ambani led company defaulted on its loans to Indian as well as Chinese banks. A British court on May 22 asked Ambani to pay nearly $717 million to three Chinese banks within 21 days.
The manifesto said that loans of poor farmers and farm labourers will be waived off and loans of SCs and BCs will also be waived off.
Its economy needs radical re-engineering on a par with its original transformation three decades ago.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
The initiation of IBC proceedings in respect of a debtor has certain drastic consequences on both day-to-day running of the business of a debtor and on all creditors generally.
Next year might be better than the last.
Aircel executives said the company could offer value to big boys like Airtel or Jio as a low-end mobile services brand
Consultants who help lease these properties say this is the steepest decline at least in a decade.
Will have to take impairment of Rs 15,000 crore before recovering a single rupee from its arms
Even existing cases might come under the proposed law, including those of Vijay Mallya, Nirav Modi and Mehul Choski. But, the law would not cover earlier cases.
After dropping nearly 200 points, the Sensex on Friday staged a smart recovery tracking strong cues to close just 26 points lower as investors looked beyond thedeficient monsoon and ECB not announcing immediate steps to tackle Eurozone debt crisis.
'The variables to watch include the monsoon, resolution of NBFC liquidity issues, GST collections, and NPA resolution.'
