[ad_1] Jaguar-owner and mining giant Resources Ltd’s debt suffered the biggest fall on record last week, among a handful of Indian companies whose bonds fell to record lows of the rupee. In addition to those two dollar notes maturing in 2024, Energy’s forex bonds fell the most since March, while GMR Hyderabad 2026 debt also […]
Weak rupee burdened by heavy foreign debt
[ad_1] The global economic crisis has begun to take a toll on the Indian industry’s balance sheet, owing to the depreciating rupee. While a weaker rupee may bring cheer to export-oriented sectors such as IT and textiles, it has increased foreign exchange liabilities of Indian companies. The accounting rules, called AS-11 provisions, make it mandatory […]
Revlon Inc.: Revlon files for bankruptcy facing high debt, supply chain pain
[ad_1] Revlon Inc. filed for Chapter 11 Unable to manage its huge debt load amid bankruptcy, supply chain crisis and high inflation. The billionaire-owned cosmetics giant Ron Perelman sought court protection in the southern district of New York, and listed both assets and liabilities up to $10 billion, according to court papers. Chapter 11 filings […]
Supreme Court nod for settlement plan: After Supreme Court victory, Shiv Industries & Holding Ltd to focus on debt
[ad_1] With a Supreme Court order permitting the promoter’s settlement plan to save the company from liquidation, ailing Shiva Industries and Holding Ltd (SIHL) on Saturday said the company will soon be placed under new management and as soon as its The focus will be on settling the creditors. possible. Commenting on the SC order […]