IMF's Lagarde says restructuring should suffice for Greek debt

Last Updated: Saturday, August 29, 2015, 18:45

A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.

Ukraine`s debt faces `high risks`: IMF

Last Updated: Wednesday, August 5, 2015, 01:06

The IMF, which recently released a loan installment for Ukraine, said Tuesday it views the country`s debt as sustainable but facing "exceptionally high" risks linked notably to the pro-Russian conflict.

ABG Shipyard in talks with Privinvest for strategic stake sale

Last Updated: Friday, June 12, 2015, 15:55

The company did not offer any clarity on the equity percentage to be sold, but Privinvest is expected to buy up to 49 percent through fresh equity worth Rs 1,000 crore.

Amazon starts declaring sales to pay taxes in 4 European countries

Last Updated: Tuesday, May 26, 2015, 17:09

Amazon has tax agreements in Luxembourg under which it recorded European sales and paid taxes on them in the tiny country instead of at the source.

Tech Mahindra Q4 net profit dips 23% to Rs 472 cr

Last Updated: Tuesday, May 26, 2015, 16:57

The company had a debt at Rs 700 crore as of March 31, while cash and cash equivalent stood at Rs 3,212 crore.

CAG slams Fertiliser Dept for Rs 5,555 cr extra subsidy burden

Last Updated: Friday, May 8, 2015, 17:19

Government auditor CAG on Friday flayed Department of Fertiliser (DoF) for delaying contract finalisation and said this resulted in an "unavoidable" subsidy burden of Rs 5,555 crore.

Greece says has honoured 200 mn euro interest repayment to IMF

Last Updated: Wednesday, May 6, 2015, 15:09

In order deal with its crippling liquidity problem, the Greek government has ordered public administrations and local authorities to transfer their reserves to the Bank of Greece awaiting a deal with creditors.

GST to reduce tax burden: RBI board member

Last Updated: Wednesday, February 11, 2015, 22:23

The implementation of Goods and Services Tax (GST) will result in lesser tax burden on consumers, besides boosting country's economic growth, an RBI board member said on Wednesday.

Oil Ministry seeks Rs 22,101 cr in fuel subsidy for H2 2014-15

Last Updated: Tuesday, February 3, 2015, 21:28

Oil Ministry has sought Rs 22,101 crore in subsidy to cover for losses on LPG and kerosene sale in the second half of current fiscal so as to almost exempt oil producer ONGC and Oil India Ltd from any payments.

MP's debt burden Rs 95,000 cr, may touch 1 lakh cr this year

Last Updated: Thursday, December 25, 2014, 20:53

"In 2003-04, Madhya Pradesh has a debt burden of Rs 35,000 crore and now it has reached Rs 95,000 crore. By the end of this financial year it is expected to be Rs 1 lakh crore," State Finance Minister Jayant Mallaiya told reporters.

Air India takes cost cutting measures

Last Updated: Tuesday, December 2, 2014, 19:28

Debt-ridden national carrier Air India has taken cost-cutting measures to reduce its financial burden and hike revenue inflows.

MP debt burden has risen by Rs 70,000 cr under BJP rule: Cong

Last Updated: Monday, January 13, 2014, 15:57

Madhya Pradesh Congress vice-president Laxman Singh on Monday alleged the debt burden of the state has shot up by Rs 70,000 crore during ten-year rule of the BJP government.