Latest business news
State-owned telecom service operator, Mahanagar Telephone Nigam Ltd (MTNL), on Saturday, April 19, disclosed that the company has defaulted on bank loans worth ₹8,346.24 crore from public sector lenders, according to the exchange filing. According to the BSE data, the company had taken loans from seven public sector banks, namely, the Union Bank of India,…
Yes Bank Q4 Results: Yes Bank Limited announced its January to March quarter results on Saturday, April 19. The institutional lender recorded a 63 per cent jump in the net profits to ₹738 crore for the fourth quarter of the financial year ended 2024-25, compared to ₹452 crore in the same period a year ago. …
The biggest buyers of leveraged loans are getting pushed to the sidelines, which is set to make it harder for riskier companies to tap the $1.4 trillion market for such debt. Money managers are poised to dramatically slow new issuance of collateralized loan obligations, which buy and pool buyout debt, in the coming weeks, according…