Debt repayments are becoming increasingly uncertain for the IL&FS GroupThe six funds include HDFC Short Term Debt Fund, UTI Banking and PSU Debt Fund and UTI Bond Fund among others
1 min read28 Jan 2019Jet Airways shares plunge 7% after the airline said it has delayed its interest payment to a consortium of lenders led by the State Bank of India due to cash flow issues
1 min read2 Jan 2019Jet Airways, which has defaulted for the first time, needs to raise at least $250-300 million immediately to pay off its dues to lenders and other vendors
3 min read22 Jan 2019S&P has downgraded Tata Motors's credit rating citing weak profitability at its British arm Jaguar Land Rover (JLR)
1 min read5 Dec 2018S&P cut its rating on Tata Motors' issuer credit and senior unsecured notes to 'BB-' from 'BB'. The ratings remain on negative watch, reflecting the uncertainties for JLR from the Brexit deadline, S&P said
1 min read4 Dec 2018Fitch and S&P cut their ratings by one notch to B from B+, following Moody's, which downgraded the island nation on November 20
2 min read4 Dec 2018The developments since 19 November have knocked off about 34,500 crore ($4.95 billion) from Yes Bank market capitalization
4 min read3 Dec 2018CRISIL downgraded the rating on NCDs of ₹6,000 crore and reaffirmed its rating on commercial paper of ₹2000 crore of erstwhile Vodafone Mobile Services
1 min read30 Nov 2018Yes Bank has had an tumultuous week, what with multiple rating downgrades amid a spate of bad news emerging on its corporate governance practices
3 min read29 Nov 2018Yes Bank shares tumbled to their 52-week lows on Wednesday after Moody's downgraded its rating to non-investment grade, amid a spate of bad news. Here's an update on the developments so far this week
1 min read29 Nov 2018The 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