E-PaperPayment Default News
India checking report IL&FS employees held hostage by staff in Ethiopia
Seven Indian employees of IL&FS have been held hostage by Ethiopian staff because of non-payment of salaries, according to messages posted on Twitter by those saying they were being held
1 min read1 Dec 2018IL&FS India employees detained in Ethiopia by unpaid local staff
Seven Indian workers from IL&FS have been detained since 25 November at three sites in Ethiopia's Oromia and Amhara states by unpaid local staff, according to an emailed letter from the employees
3 min read30 Nov 2018LIC chairman says all options open to revive IL&FS
LIC will not allow the country's beleaguered Infrastructure Leasing & Financial Services (IL&FS) to collapse, says Chairman V.K. Sharma
1 min read25 Sep 2018RHC Holding’s NCDs downgraded as Singh brothers default on payment
India Ratings has downgraded NCDs of RHC Holding at a time when Singh brothers are in talks with banks to meet repayment obligations of Religare Enterprises
2 min read17 Jul 2017Jaiprakash Associates defaults on interest payment on NCDs
Jaiprakash Associates says the interest payment default was in respect of 12.40% non-convertible debentures (NCDs) for more than three months as of 4 May
1 min read5 May 2017Amtek Auto to sell stake, reorganize business
Amtek Auto MD John Flintham says the firm will sell a 'significant' stake to financial investors to infuse capital into the business and pare debt
4 min read2 Jun 2016S. Kumars Nationwide now leaderless, banks need to take charge: IiAS
Retail investors own 91.46% of the company, while the promoter owns about 3.6% as on 31 December, 2014
2 min read17 Apr 2015Hotel Leela Venture fails to pay quarterly interest on LIC loan
In a filing to BSE, the firm said it had not been able to pay `22.50 crore towards the first instalment of interest on 31 March and, subsequently, had not paid interest which fell due on 19 June and 19 September
2 min read20 Sep 2014Western Grid faces power shortage
Shortage due to non-availability of coal, default on payment by state utilities and technical snags
1 min read27 Aug 2014NSEL defaults on payments for third time in a row
NSEL pays investors only `15.37 crore out of the `174.72 crore that was due on Tuesday
2 min read4 Sep 2013Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared