World Bank says Sri Lanka's economic outlook uncertain, needs urgent policy measures

Apr 14, 2022

Colombo [Sri Lanka], April 14 : Sri Lanka needs urgent policy measures to address its high levels of debt and debt service, reduce the...

Inox GFL Group raises Rs 1,500 cr, steps up measures towards zero net debt

Dec 08, 2022

The Indian conglomerate said the amount has been used to pare down debt substantially across its operating companies and consequently the interest outgo will...

Quess Corp separates Chairman and MD roles, appoints new CFO

Mar 02, 2021

Bengaluru (Karnataka) [India], March 2 : Business services provider Quess Corp has announced the separation of its Chairman and Managing Director roles as it...

Tata Power arm to sell ships for $212 million, reduce debt burden

Jun 12, 2020

Mumbai (Maharashtra) [India], June 12 : Singapore-based Trust Energy Resources Pte Ltd (TERPL), a fully-owned subsidiary of Tata Power Company Ltd (TPCL), said on...

Pakistan's total external debt stocks by 2021 stood at USD 130.43 billion: World Bank

Dec 08, 2022

In its latest report "International Debt Report 2022, Updated International Debt Statistics," the World Bank said that the total external debt stocks were at...

Reliance Infra to raise over Rs 550 crore, reduce debt and fund growth

Jun 07, 2021

Mumbai (Maharashtra) [India], June 7 : Anil Ambani-led Reliance Infrastructure Ltd is raising funds up to Rs 550.56 crore by preferential allotment of shares...