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(Photo for Representation)

Apollo, Varde pull out of bidding race for shadow lender Altico Capital

Both the firms pull out because they were unwilling to meet creditor demands to inject as much as Rs 2,000 crore of fresh equity into Altico.
A customer looks at banana displayed for sale at a roadside fruit stall in Bangalore, India | Dhiraj Singh/Bloomberg

Credit crisis is easing for India’s safest corporate borrowers

Spreads on top-rated corporate bonds have dropped back near where they were when the IL&FS crisis began in September last year.
Representational image | Dhiraj Singh/Bloomberg

India’s bad loans crisis is turning into a snatch-and-grab jungle raj

Opportunistic behaviour will worsen India’s Rs 14 lakh crore bad loan crisis & limit the recovery for lenders and threaten depositors.
India is looking at a larger credit crisis. (Representational Image) | Photo: Dhiraj Singh | Bloomberg

Credit rating companies are still missing big defaults by Indian firms

Defaults at DHFL, Cox & Kings and Altico Capital have occurred even as their long-term ratings indicated very low to moderate risk of non-payment.
India is looking at a larger credit crisis. (Representational Image) | Photo: Dhiraj Singh | Bloomberg

Altico Capital is latest NBFC to default on debt repayment & add to India’s credit crisis

Altico Capital, which focuses on lending to the real estate sector, didn’t pay Rs 199.7 lakh crore of interest on borrowings from a UAE bank.

On Camera

File photo | An employee inspects a godown of Food Corporation of India (FCI) where rice bags are being stored during a nationwide lockdown, in Srinagar | PTI

FCI has highest rice, wheat stock since 2005. Modi govt continuing legacy of bad economics

It is clear from the rising stock of rice and wheat that the government has been buying more from farmers than what it requires during a pandemic.
Representational image | Picpedia

Modi govt drops plan to merge 3 state-owned general insurance companies

Decision to merge the 3 companies — National Insurance Co Ltd, United India Insurance Co Ltd, and Oriental Insurance Co Ltd — ahead of their proposed listing was announced in 2018 budget.

Defence

A file photo of Pangong Lake in Ladakh | Visharad Saxena | Special arrangement

There’s ‘thinning down’ of Chinese troops at Finger 4 at Pangong lake, but no pullback yet

India-China disengagement at Pangong lake will be a focus area in the next round of military talks at the corps commander level. 
Central Reserve Police Force (CRPF) men in Maharashtra | ANI

Read my lips, forget the camera

Say Central forces' angry soldiers. They need reform, committed leaders. And very sensitive handling.