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Friday, September 5, 2025
TopicLoan default

Topic: loan default

MTNL defaults on Rs 8,585 crore loan from 7 PSU banks, misses both principal and interest

As of 30 June, the state-run telecom company's total debt stood at ₹34,484 crore. In Delhi, 14 out of MTNL's 41 land and building parcels remain vacant.

RBI has curbed unsecured lending, but the root cause of defaults remains unaddressed

ThePrint view on the most important issues.

Seeing ‘high attrition, loan defaults’, Spandana Sphoorty a microcosm of microfinance sector’s troubles

India's microfinance sector has been facing challenges like over-borrowing & regional stress. Spandana Sphoorty, a 20-yr-old micro-credit company, reported a Rs 216 cr loss in Q2 FY25.

Zee Entertainment, IndusInd Bank settle dispute over loan default paving way for Sony merger

IndusInd Bank, on Wednesday, told the NCLT that it would also withdraw its objection to Zee Entertainment's merger with a local unit of Japan's Sony.

On Camera

Giorgio Armani brought a feminine touch to men’s tailoring — and taught them how to suit up

Armani built a multibillion-dollar global brand from something as simple as an unstructured jacket, and broke down the walls between formal and casual.

GST 2.0: India streamlines indirect tax regime amid Trump tariffs & what it means for consumers

Goods and Services Tax Council paves way for a broad two-slab structure of 5% and 18% with a demerit rate of 40% for super luxury and 'sin' goods.

HAL team to visit US this month for talks on joint production of GE 414 engines

The engines are meant for Tejas Mk 2 and the first tranche of Advanced Medium Combat Aircraft (AMCA).

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.