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Personal finance: It’s good to go into debt (funds)

If you’ve been reading this space, you’d know about the fundamental questions you need to ask yourself before investing (short goal, long goal, risk appetite, age of retirement; and then, revisit them at a later stage) and the different kinds of mutual funds there are.
Mutual funds give better returns over a period than the average inflation rate and equity funds are best suited for investors inclined to benefit from the highs and lows of the shares market.(Bloomberg)
Mutual funds give better returns over a period than the average inflation rate and equity funds are best suited for investors inclined to benefit from the highs and lows of the shares market.(Bloomberg)
Updated on Jan 04, 2021 01:01 PM IST
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ByAbeer Ray

How to manage your finances in the face of a debt overload

Efficient debt management continues to remain an elusive concept among sections of the population and many find themselves dealing with the challenge of debt overload.
The rising culture of raking in debts for has also made the problem of debt overload increasingly common.(Shutterstock)
The rising culture of raking in debts for has also made the problem of debt overload increasingly common.(Shutterstock)
Updated on Dec 22, 2020 05:31 PM IST
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Hindustan Times, New Delhi | ByBrand Solutions, hindustatimes.com

Burdened by debt and financial stress, family of 5 die by suicide in Assam

“The family was in heavy debt and that is believed to be the main reason behind the extreme step,” Kokrajhar superintendent of police, said.
Image for representation.
Image for representation.
Updated on Nov 02, 2020 09:04 PM IST
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Hindustan Times, Guwahati | ByUtpal Parashar

Covid-19 bringing record $1 trillion of new global corporate debt in 2020: Report

The unprecedented increase will see total global corporate debt jump by 12% to around $9.3 trillion, adding to years of accumulation that has left the world’s most indebted firms owing as much as many medium-sized countries.
Companies included in the new debt index already owe almost 40% more than they did in 2014, and growth in debt has comfortably outstripped growth in profits.(Representative image)
Companies included in the new debt index already owe almost 40% more than they did in 2014, and growth in debt has comfortably outstripped growth in profits.(Representative image)
Published on Jul 13, 2020 07:27 AM IST
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London | ByReuters | Posted by Prashasti Singh

RBI governor Shaktikanta Das to address media shortly

The government is slated to sell 200 billion rupees ($2.6 billion) of bonds.
Reserve Bank of India (RBI) Governor Shaktikanta Das.(PTI file photo)
Reserve Bank of India (RBI) Governor Shaktikanta Das.(PTI file photo)
Updated on Apr 17, 2020 09:51 AM IST
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ByBloomberg

Chhattisgarh government is under the debt of 57,848 crore, says CM Baghel

Baghel, in his written reply, said that just after Congress government was formed in the state in December 2018 to January 31, 2020 state government has taken loan of 17,729 crore from various financial institutions.
Bhupesh Baghel while replying to a question in legislative assembly on Tuesday said that the government is presently under the debt of <span class='webrupee'>₹</span>57,848 crore(PTI)
Bhupesh Baghel while replying to a question in legislative assembly on Tuesday said that the government is presently under the debt of 57,848 crore(PTI)
Updated on Feb 26, 2020 06:40 AM IST
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Hindustan Times, Raipur | ByRitesh Mishra

Techie found dead with wife, kids at Indore resort was under Rs 1-cr debt, say police

Police said Abhishek Saxena had lost his job with an annual package of Rs 18 lakh about a month back and had no money to pay even his children;s school fees, said police.
The software engineer was founded along with his wife and their teenage twins in Indore last week.(Representative photo/Getty Images)
The software engineer was founded along with his wife and their teenage twins in Indore last week.(Representative photo/Getty Images)
Published on Oct 02, 2019 01:05 AM IST
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Hindustan Times, Bhopal | ByHT Correspondent

Reliance Mutual Fund introduces side pocketing in its debt and hybrid schemes

Side pocketing is the creation of segregated portfolios in lieu of bad debt when there is a downgrade in paper held by a scheme below investment grade or when there is a default.
Certain debt schemes of Reliance Mutual Fund were exposed to debt issued by Reliance Home Finance and Reliance Commercial Finance which were downgraded to default in April-May 2019 and the paper in question was written down.(Photo: iStock)
Certain debt schemes of Reliance Mutual Fund were exposed to debt issued by Reliance Home Finance and Reliance Commercial Finance which were downgraded to default in April-May 2019 and the paper in question was written down.(Photo: iStock)
Updated on Aug 24, 2019 09:24 AM IST
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Livemint, Mumbai | ByNeil Borate

Reliance shares soar as company moves to trim debt

Over the last one year, RIL has taken several steps to reduce its debt. It has transferred its telecom unit, Reliance Jio Infocomm Ltd’s infrastructure assets off RIL’s balance sheet to an InvIT structure.
Reliance’s debt is backed by “extremely valuable assets,” Chairman Mukesh Ambani said.(Reuters File Photo)
Reliance’s debt is backed by “extremely valuable assets,” Chairman Mukesh Ambani said.(Reuters File Photo)
Updated on Aug 13, 2019 10:53 AM IST
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Hindustan Times, New Delhi | ByHT Correspondent and agencies

How to manage your financial debt

You need to save enough so that you can accumulate some money. Once you are out of debt you can go back to your regular lifestyle. However, to reach that stage you will have to sacrifice a bit.With some money management help you can get out of your financial distress.
Manage your financial debt.(Getty Images/iStockphoto)
Manage your financial debt.(Getty Images/iStockphoto)
Published on Aug 05, 2019 04:41 PM IST
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Hindustan Times, Mumbai | ByHT Correspondent

Kenyan MP returns to India after 22 years to repay Rs 200 debt

The grocer, Kashinath Gawli, was overcome with emotion after he met Richard Nyagaka Tongi, the lawmaker from the Nyaribari Chache constituency in Kenya.
The grocer, Kashinath Gawli, was overcome with emotion after he met Richard Nyagaka Tongi, the lawmaker from the Nyaribari Chache constituency in Kenya.(ANI/Twitter)
The grocer, Kashinath Gawli, was overcome with emotion after he met Richard Nyagaka Tongi, the lawmaker from the Nyaribari Chache constituency in Kenya.(ANI/Twitter)
Updated on Jul 12, 2019 08:11 AM IST
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Aurangabad | ByAsian News International

Boris Becker auctions trophies to pay off debts

The youngest winner in Wimbledon’s history, who claimed the first of three titles aged just 17, is auctioning off 82 items including medals, cups, watches and photographs.
File image of Boris Becker(REUTERS)
File image of Boris Becker(REUTERS)
Updated on Jun 24, 2019 10:37 AM IST
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London | ByAFP

Unable to pay off debt, Faridabad man turns thief; arrested

He targeted passengers, mostly foreigners, travelling to Chandigarh and Jaipur from Delhi in buses, police said Sunday.
nable to pay off debts incurred due to huge losses in horse race betting, a 33-year-old man from Haryana’s Faridabad allegedly turned into a thief.
nable to pay off debts incurred due to huge losses in horse race betting, a 33-year-old man from Haryana’s Faridabad allegedly turned into a thief.
Updated on May 27, 2019 03:40 AM IST
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New Delhi | ByKarn Pratap Singh

Russian boxing boss offers to clear AIBA’s multi-million debt to keep boxing in Olympics

Russian boxing chief Umar Kremlev has offered to settle the International Boxing Federation’s (AIBA) $16 million debt if it is allowed to remain in charge at the Tokyo 2020 Olympics
File photo.(Getty Images)
File photo.(Getty Images)
Updated on Mar 29, 2019 10:22 AM IST
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Moscow | ByAFP

Pakistan government to sell properties of federal ministries to pay off debt: Report

Explaining the procedures to be adopted for the disposal of assets, the minister said this could be done by adopting a uniform policy that would also describe a modus operandi to legally sell off the properties.
The cash-strapped Pakistan government has decided to sell unused properties owned by federal ministries to pay off the country’s mounting debts, the media reported Wednesday.(Reuters File Photo)
The cash-strapped Pakistan government has decided to sell unused properties owned by federal ministries to pay off the country’s mounting debts, the media reported Wednesday.(Reuters File Photo)
Updated on Mar 20, 2019 08:33 PM IST
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Press Trust of India | ByPress Trust of India

SBI set to own 15 percent of Jet Airways after debt for equity swap: Report

State Bank of India, a lender to Jet Airways, is likely to own 15 percent of the cash-strapped carrier after the airline gets consent for a debt to equity swap, TV channels reported on Tuesday citing agencies.
Jet Airways said on Monday it would seek a shareholder nod next month to convert existing debt into equity, raise more money and allow its lenders to nominate a director on its board as part of efforts to resolve its financing problems.(REUTERS)
Jet Airways said on Monday it would seek a shareholder nod next month to convert existing debt into equity, raise more money and allow its lenders to nominate a director on its board as part of efforts to resolve its financing problems.(REUTERS)
Updated on Jan 29, 2019 02:36 PM IST
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Reuters | ByReuters

Delhi businessman with 1.2-cr debt makes bogus robbery call, gets caught

Police said that the businessman, who traded in medicines, informed them that his employee was held at gunpoint by three men and robbed of the money on Monday night near Jhandewalan temple. He claimed that the employee was out to deliver the money to his partner.
The caller also claimed that the robbers assaulted his employee for resisting the robbery, said a police officer who is associated with the case.(HT File Photo)
The caller also claimed that the robbers assaulted his employee for resisting the robbery, said a police officer who is associated with the case.(HT File Photo)
Updated on Jan 23, 2019 02:21 PM IST
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Hindustan Times, New Delhi | ByHT Correspondent

Sri Lanka struggles to repay foreign debt, PM blames political crisis

Ranil Wickremesinghe said his government was scrambling to raise $1.9 billion to help service a first debt payment of $2.6 billion, that is due on Monday.
Sri Lanka’s prime minister said Thursday the country was struggling to pay back its ballooning foreign debt.(AP)
Sri Lanka’s prime minister said Thursday the country was struggling to pay back its ballooning foreign debt.(AP)
Updated on Jan 10, 2019 08:47 PM IST
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Colombo | ByAgence France-Presse

Buyback by govt, IAF dues behind HAL financial woes

According to HAL’s annual report, the company borrowed nine times in the last financial year to meet its working capital requirements; of this, it borrowed seven times in March 2018 alone. The company borrowed a total of Rs 4,446.87 crore in the last nine months of the previous financial year.
This is the first time in the history of HAL that the government used the buyback option to raise funds for itself (to meet its disinvestment target).(Reuters File)
This is the first time in the history of HAL that the government used the buyback option to raise funds for itself (to meet its disinvestment target).(Reuters File)
Updated on Jan 08, 2019 07:28 AM IST
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Hindustan Times, New Delhi | BySudhi Ranjan Sen & Rajeev Jayaswal

Pakistan can’t afford any further debt with China

China’s CPEC and Pakistan’s borrowing have created a dependency syndrome
Pakistan’s railway minister, Sheikh Rasheed, says he will reduce a Chinese-funded $8.2 billion rail investment plan by $2 billion(Bloomberg)
Pakistan’s railway minister, Sheikh Rasheed, says he will reduce a Chinese-funded $8.2 billion rail investment plan by $2 billion(Bloomberg)
Updated on Oct 03, 2018 07:27 PM IST
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Hindustan Times | ByHT Correspondent

India will have to pay 68,500 crore extra to repay debt due to weak rupee

India’s short-term debt obligations, which included non-resident deposits as well as overseas commercial borrowings by companies, totaled $217.6 billion in 2017.
The rupee fell past 72 per dollar to a record low on Thursday, amid a deepening emerging market contagion and the risk of a wider current-account deficit(REUTERS File Photo)
The rupee fell past 72 per dollar to a record low on Thursday, amid a deepening emerging market contagion and the risk of a wider current-account deficit(REUTERS File Photo)
Updated on Sep 07, 2018 05:47 PM IST
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Bloomberg | ByAnirban Nag

Jet Airways says debt is serviced on time despite cost pressures

Shares of Jet Airways plunged 8.5 percent on Friday in Mumbai after the company postponed announcing its first-quarter earnings.
Jet Airways aircraft stand on tarmac at the domestic airport terminal in Mumbai.(REUTERS)
Jet Airways aircraft stand on tarmac at the domestic airport terminal in Mumbai.(REUTERS)
Published on Aug 11, 2018 04:59 PM IST
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Bloomberg | ByAnurag Kotoky and Anto Antony

28 year old farmer hangs self in Hamirpur

A 28-year-old farmer committed suicide in Imlia village in Hamirpur district on Wednesday morning.
The farmer’s family claimed he ended his life after allegedly failing to pay off <span class='webrupee'>₹</span>5 lakh loan taken from private lenders and relatives.(Representative image)
The farmer’s family claimed he ended his life after allegedly failing to pay off 5 lakh loan taken from private lenders and relatives.(Representative image)
Published on Jul 26, 2018 02:23 PM IST
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Hindustan Times, Kanpur | ByHT Correspondent, Kanpur

India’s $210 billion bad loans are luring foreign funds hunting for returns

The Insolvency and Bankruptcy Code (IBC) introduced in 2016 has given rise to opportunities for offshore funds to acquire borrowers’ distressed assets. High potential profits on those deals attract funds.
The country’s banking sector is coping with about $210 billion of soured or problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.(Dhiraj Singh/Bloomberg)
The country’s banking sector is coping with about $210 billion of soured or problem loans, a legacy of a borrowing spree following the global financial crisis and an economic slowdown after that.(Dhiraj Singh/Bloomberg)
Updated on Jun 04, 2018 11:04 AM IST
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Bloomberg | ByAnurag Joshi and Lianting Tu

Bharti Airtel looking to pare $4.6 billion of debt with Africa unit IPO, to sell stake in tower biz

Bharti Airtel is working to improve its balance sheet after net debt rose almost 45% to $14.6 billion over four years as the company borrowed to buy spectrum and defend its position against disruptive upstart Reliance Jio Infocomm Ltd.
Bharti Airtel will engage with investors to evaluate a strategic stake sale once the merger of Bharti Infratel and Indus is complete, according to an April 25 filing.(REUTERS File Photo)
Bharti Airtel will engage with investors to evaluate a strategic stake sale once the merger of Bharti Infratel and Indus is complete, according to an April 25 filing.(REUTERS File Photo)
Updated on May 09, 2018 02:12 PM IST
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Bloomberg | ByHT Correspondent

48-year-old Indapur farmer takes his life by jumping into a well, blames water scarcity and debt

Police found the suicide note in his pocket. 
Pawar, who was also one of the directors of the Indapur Co-operative Bank, was forced to take the drastic measure as a result of debt.(HT REPRESENTATIVE PHOTO)
Pawar, who was also one of the directors of the Indapur Co-operative Bank, was forced to take the drastic measure as a result of debt.(HT REPRESENTATIVE PHOTO)
Updated on Apr 23, 2018 04:19 PM IST
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Hindustan Times, Pune | ByHT Correspondent, Pune

Air India’s new owners will inherit its planes and $5 billion of debt

Selling a majority stake in the loss-making, 85-year-old company isn’t going to be a cakewalk for the government. The latest offer will include $5.1 billion of debt that the buyer will have to take over with the balance going to the government.
Air India has been unprofitable since its 2007 merger with state-owned domestic operator Indian Airlines Ltd.(Dhiraj SIngh/Bloomberg)
Air India has been unprofitable since its 2007 merger with state-owned domestic operator Indian Airlines Ltd.(Dhiraj SIngh/Bloomberg)
Updated on Mar 29, 2018 01:07 PM IST
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Anurag Kotoky, Bloomberg | ByHT Correspondent
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