Fortis Healthcare said it´s Mauritius subsidiary Fortis Healthcare international Ltd, has will take a loan of SGD 165 mln (Rs 77.6 crore) from Singapore-based Consortium of Bankers. “Fortis Healthcare Ltd has being holding the company, is giving guarantee on behalf of FHIL securing the payment of principle and interest thereon.,” said the Indian company. Fortis […]
Even as the telecom industry finds itself in a tariff war with entry of a major player, an ASSOCHAM-KPMG paper has pointed towards the operators grappling with a huge debt burden of Rs 3.80 lakh crore, reinforcing a case for rationalisation of taxes and other levies along with spectrum charges. The telecom operators have an […]
Indian public sector banks will find it difficult to maintain capital adequacy ratios unless the government provides more money to them to cover bad loans, ratings agency Moody’s has said. Indian state-owned banks are facing mounting bad loans, called non-performing assets or NPAs, as the country’s economy slows down and corporate clients are unable to […]
