Search For "debt burden"
Quess Corp separates Chairman and MD roles, appoints new CFO
Updated : 5 years ago IST
Bengaluru (Karnataka) [India], March 2 (ANI): Business services provider Quess Corp has announced the separation of its Chairman and Managing Director roles as it seeks to scale up operations and reduce debt burden.
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Fitch revises India's outlook to negative, affirms IDR at BBB-minus
Updated : 5 years, 9 months ago IST
Hong Kong, June 18 (ANI): Fitch Ratings on Thursday revised the outlook on India's long-term foreign currency issuer default rating (IDR) to negative from stable and affirmed the rating at BBB-minus.
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Tata Power arm to sell ships for $212 million, reduce debt burden
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 12 (ANI): Singapore-based Trust Energy Resources Pte Ltd (TERPL), a fully-owned subsidiary of Tata Power Company Ltd (TPCL), said on Friday it has entered into definitive agreements with German Oldendorff Carriers GmbH for the sale of three ships at an esti
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Airline sector unlikely to fully recover before 2023, faces deep structura
Updated : 5 years, 9 months ago IST
Singapore, June 8 (ANI): Air passenger demand globally will remain severely depressed in 2021 and will not see a substantial recovery before 2023, according to Moody's Investors Service.
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India sets ambitious fiscal deficit targets, but challenges remain: Moody'
Updated : 6 years, 1 month ago IST
Singapore, Feb 4 (ANI): The Indian government will face challenges in achieving its deficit target for the fiscal year ending March 2021 amid persistent structural and cyclical headwinds to growth, Moody's Investors Service said on Tuesday.
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Firms blacklisted by World Bank got CPEC contracts: Alice Wells
Updated : 6 years, 2 months ago IST
Islamabad [Pakistan], Jan 22 (ANI): Senior US diplomat Alice Wells on Tuesday sharply criticised the China-Pakistan Economic Corridor (CPEC) saying that the companies blacklisted by the World Bank had got contracts in the multi-billion dollar project.
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India's debt burden of Rs 88 lakh crore is worrisome: Congress
Updated : 6 years, 5 months ago IST
New Delhi [India], Sept 28 (ANI): The Congress said on Saturday India's debt has risen to Rs 88 lakh crore under the BJP-led goverment and accused the ruling coalition of lacking a strategy to boost the economy.
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Air India's bond issue of Rs 1,000 crore fully subscribed on first day
Updated : 6 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 16 (ANI): The bond issue of Air India Assets Holding Ltd (AIAHL) with a three-year tenure of Rs 1,000 crore and a greenshoe option of Rs 6,000 crore was been fully subscribed at the rate of 6.99 per cent on Monday.
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CDEL inks pact with Blackstone for Bengaluru tech park in a deal valued at
Updated : 6 years, 7 months ago IST
Bengaluru (Karnataka) [India], Aug 14 (ANI): Coffee Day Enterprises Ltd (CDEL) said on Wednesday it has signed a non-binding agreement with US-based private equity giant Blackstone for its real estate property Global Tech Village in a deal valued at Rs 2,600 crore to 3,000 crore.
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Government would ensure Air India is purchased by an Indian entity: Puri
Updated : 6 years, 8 months ago IST
New Delhi [India], July 11 (ANI): The government said on Thursday that 'unsustainable debt burden' was the reason for Air India's downfall and hence the government was committed to strategic disinvestment of Air India.
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Debt burden mounts as telecom operators get into price war, says ASSOCHAM-
Updated : 8 years, 7 months ago IST
New Delhi [India], Sep 28 (ANI): Even as the telecom industry finds itself in a tariff war with entry of a major player, an ASSOCHAM-KPMG paper has pointed towards the operators grappling with a huge debt burden of Rs. 3.80 lakh crore, reinforcing a case for rationalization of taxes and othe
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