The fund will be professionally managed by experts who will examine the projects that can get funding. The government will set up the Rs 20,000 crore fund to provide last mile funding to the stuck housing projects on the lines of the National Investment and Infrastructure Fund (NIIF). The fund ... Read More »
Crisis-ridden Infrastructure Leasing and Financial Services (IL&FS) is planning to sell its Mumbai headquarters, along with other non-core real estate assets, in order to raise up to Rs 6,000 crore to reduce debt, reported The Economic Times. The move comes as the firm tries to reduce close to Rs 94,000 crore ... Read More »
Asked whether Christian schools should continue to rely on philanthropic dollars—rather than pushing for taxpayer money through vouchers—Betsy DeVos replied, “There are not enough philanthropic dollars in America to fund what is currently the need in education … [versus] what is currently being spent every year on education in this ... Read More »
The Latest on Campaign 2016 ahead of the Republican and Democratic National Conventions (all times EDT): 10:00 a.m. Hillary Clinton is announcing new steps aimed at tackling the rising cost of college tuition and the burden of student loan debt, including a three-month moratorium on loan payments for all federal ... Read More »
Iraq-centered Gulf Keystone Petroleum stated Friday it reached an agreement with bondholders to put offmaking interest bills while it seeks debt restructuring. The company stated it reached a address a committee of holders of notes and bonds to go into right into a “standstill settlement” on hobby payments for April. ... Read More »
Iraq-targeted Gulf Keystone Petroleum said Friday it reached an settlement with bondholders to delaymaking hobby payments even as it seeks debt restructuring. The agency said it reached a address a committee of holders of notes and bonds to enter into a “standstillsettlement” on interest payments for April. The settlement includes ... Read More »
The administrator for troubled Australian steel and iron ore group Arrium Ltd said it had agreed to work toward a “constructive” outcome with Morgan Stanley after the investment bank took legal steps to call in a three-year-old debt. Morgan Stanley filed action in the Delaware Chancery Court in the United ... Read More »
Global distressed asset buyers such as JC Flowers & Co and Apollo Global are flocking to India, where banks have been ordered to clean up an estimated $120 billion of bad and troubled loans. Bad loans at Indian banks jumped by nearly a third to around 4 trillion rupees ($60.3 ... Read More »
There’s no shortage of efforts to solve our nation’s $1.3 trillion student debt crisis. Just last week, Sen. Elizabeth Warren announced the Reducing Educational Debt Act, bills aimed at giving student borrowers new debt refinancing options and allocating more federal money to Pell Grants and community colleges. One week before, ... Read More »
After 20 hours of debate, a majority of 165 to 86 lawmakers voted in favour of repealing two bills which stood in the way of the agreement with creditors. It is a victory for President Mauricio Macri who struck the deal after his election win in November. It will now ... Read More »
