defaults

The company's LV0010 rocket stands on the launchpad at Florida's Cape Canaveral ahead of the NASA TROPICS-1 mission.AstraStruggling space company Astra disclosed in a securities filing late Friday that it defaulted on a recent debt…

A reason for the rise in defaults may be the rapidly changing and uncertain economic scenario influenced by global challenges in some sectors and evolving consumer behaviour, says an expert.Growth momentum of India's retail credit remained…

Lenders have reported the UK's biggest increase in mortgage defaults since 2009 - and they expect them to rise further in the coming months.The findings come amid growing concern over the cost of mortgages and warnings that…

The loans pertained to various banks, and the nature of the obligation is fund-based working capital, non-fund-based working capital, term loans and FCCB (foreign currency convertible bonds).Jaiprakash Associates Ltd (JAL) informs that the…

<!-- -->Jaiprakash Associates Ltd said it has been taking tangible steps to reduce borrowings. (Representational)New Delhi: Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans worth Rs 4,044 crore,…

Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty…

<!-- -->RBI has allowed banks to go for compromise settlement of fraud accounts and wilful defaults. (File)Mumbai: In order to ensure maximum recovery from distressed assets, the Reserve Bank of India has allowed banks to go for…

The objective would be to maximise the possible recovery from a distressed borrower at minimum expense, in the best interest of the Regulated Entity, the RBI has said in a notification. File | Photo Credit: PTI In order to ensure maximum…

The total borrowing (including interest) of the company is Rs 29,429 crore, repayable by 2037, against which only Rs 3,961 crore is overdue as on May 31, 2023, says JAL. (Representative image)The loans pertained to various banks, and the…

Days after its negotiations with creditors to restructure a $1.2 billion term loan fell through, edtech firm Byju’s missed a quarterly interest payment of $40 million on June 5, and sued the lenders in the New York Supreme Court. This and…