Articles for Net Debt

Prestige Estates gears up for big launches in 2nd half of FY25, but timely approvals are key
2 months, 1 week ago

Prestige Estates gears up for big launches in 2nd half of FY25, but timely approvals are key

Live Mint  

Prestige Estates Projects Ltd’s first half of FY25 was nothing to write home about. Prestige plans to launch projects with a gross development value or revenue potential of around ₹52,100 crore and anticipates around ₹16,000 crore of pre-sales/bookings in H2FY25. Big-ticket projects lined-up for H2FY25 are The Prestige City Indirapuram and Prestige Bougainvillea in National Capital Region, Prestige Southern Star …

Debt Crore Prestige Fy25 Net Debt H2Fy25
Tax Changes Loom Over: HNIs Seek Alternatives to Debt Mutual Funds
2 months, 2 weeks ago

Tax Changes Loom Over: HNIs Seek Alternatives to Debt Mutual Funds

Live Mint  

Taxation reforms have significantly reduced the allure of debt mutual funds for high-net-worth individuals (HNIs). Lower net equity instruments have emerged as potential alternatives, offering tax-efficient options with lower volatility compared to traditional debt funds. HNIs should carefully evaluate their portfolio composition and liquidity requirements before making a switch to lower net equity instruments.

Risk Management Taxation Reform Alternative Investments Portfolio Optimization New York City
Tasmania's financial position on track to become worst in the country over next three years, Saul Eslake's independent review finds
4 months, 3 weeks ago

Tasmania's financial position on track to become worst in the country over next three years, Saul Eslake's independent review finds

ABC  

Tasmania's financial position is on track to "become worse than that of any other state or territory over the next three years", and the deterioration is "entirely attributable" to state government policy, an independent review of the state's finances has found. Economist Saul Eslake's review has warned against slashing the budget — instead calling for higher taxes — but admits …

Financial Revenue Review State Report Ferguson Tasmanian
KEC International's prospects shine, but margin recovery remains crucial
6 months, 4 weeks ago

KEC International's prospects shine, but margin recovery remains crucial

Live Mint  

KEC International Ltd's steep 55% rally in the stock over the past year has been vindicated by the positive business outlook shared by its management at the recent RP Goenka group investor conference. KEC’s relatively low Ebitda margin and high net working capital requirements could explain the stock's lagged performance. Lower working capital requirements helped keep net debt almost flat …

Margin Ebitda Net Debt Kec
Adani Group’s FY24 net jumps 55%; mulls $90-billion capex
7 months, 1 week ago

Adani Group’s FY24 net jumps 55%; mulls $90-billion capex

The Hindu  

Adani group saw a 55% profit surge in the fiscal year ended March 2024 as the apples-to-airport conglomerate is back on an expansion spree and eyeing a $90 billion capex over the next decade. Adani Ports acquired Gopalpur port, Adani Power commissioned 1.6 GW Godda power plant, Adani Green added 2.8GW renewable energy capacity and commenced operations of solar power …

Companies Group Adani Net Fy24 Net Debt
Victorian budget 2024 confirms delay to Airport Rail Link, net debt still set to grow
8 months ago

Victorian budget 2024 confirms delay to Airport Rail Link, net debt still set to grow

ABC  

In short: Several projects and policies have been delayed as the Victorian government attempts to chart a path back to surplus. The Victorian budget has confirmed delays to the Airport Rail Link, as the state government outlines its plan to tackle the state's rising record debt. On Tuesday night, a Victorian government spokesperson said the airport's previous consortium proposal was …

Services Airport Budget Debt Delay State Billion
As Victoria's net debt soars, the government walks a tightrope trying to balance the books
8 months, 3 weeks ago

As Victoria's net debt soars, the government walks a tightrope trying to balance the books

ABC  

These are just some of the public and private ways Labor ministers are describing next month's Victorian budget. David Hayward, emeritus professor of public policy at RMIT University, said the government had failed to make hard decisions during last year's budget. Shadow Treasurer Brad Rowswell says this year's budget is a test to see if the government can live within …

Labor Tax Budget Debt Spending State Billion
FPIs infuse over ₹15,000 crore in debt market in February
11 months ago

FPIs infuse over ₹15,000 crore in debt market in February

The Hindu  

Foreign Portfolio Investors continued their bullish stance on the country's debt markets with a net infusion of over ₹15,000 crore so far this month, on the back of inclusion of Indian government bonds in the JP Morgan Index along with relatively stable economy. "The Indian debt markets witnessed a reversal in FPI flow trend last year after the announcement of …

Indian Crore Indian Government Bonds Debt Market Outflow Fpis
Net debt of top 8 realty firms dip 43% to ₹23,000 cr in last 3 yrs: Report
1 year, 5 months ago

Net debt of top 8 realty firms dip 43% to ₹23,000 cr in last 3 yrs: Report

Hindustan Times  

The net debt of top eight realty firms fell 43 per cent to ₹23,000 crore last fiscal, from around ₹40,000 crore in 2019-20, as their cash flow improved on strong housing sales, according to Anarock. Net debt of top eight listed developers has reduced from ₹ 40,500 crore in FY20 to over ₹ 23,000 crore in FY23. These developers are …

Debt Crore Cent Net Developers Puri Listed
Victorian budget 2023 hits big business and landlords to pay back COVID-19 debt
1 year, 7 months ago

Victorian budget 2023 hits big business and landlords to pay back COVID-19 debt

ABC  

Big businesses, holiday-home owners and landlords will be asked to foot the bill for the Victorian government's COVID-19 debt, as part of a 10-year fiscal repair plan unveiled in the state budget. Key points: The COVID levy will impose increased taxes on big business and property owners over 10 years Net debt is still expected to rise to roughly a …

Business Tax Budget Debt Pay Schools Covid
Vedanta cuts debt by $2 bn ahead of plans
1 year, 10 months ago

Vedanta cuts debt by $2 bn ahead of plans

The Hindu  

Billionaire Anil Agarwal's Vedanta Resources Ltd on Wednesday said it has slashed debt by $2 billion in the current fiscal as it looked to soothe investor concerns over ability to repay upcoming obligations. In a statement, the company said it has "deleveraged by $2 billion in the past 11 months, thus achieving half of its $4 billion 3-year debt reduction …

India Debt Billion Producer Vedanta Vedanta Resources Net Debt
What Jefferies says on Indian banks exposure to Adani Group
1 year, 11 months ago

What Jefferies says on Indian banks exposure to Adani Group

Live Mint  

Indian banks' exposure to the Adani Group is within manageable limits, said global brokerage Jefferies, as the group fend off an attack from well-known US short-seller Hindenburg Research said it held short positions in the Indian conglomerate, accusing it of improper use of offshore tax havens and flagging concerns about high debt that sent the Group stocks to crash for …

Adani Jefferies Net Debt Indian Banks Banks Exposure Group Indian
The government is sitting on (nearly) a trillion dollars of debt. How big a problem is it?
2 years, 2 months ago

The government is sitting on (nearly) a trillion dollars of debt. How big a problem is it?

ABC  

There's one phrase that's been getting a real work-out ever since Labor's election win in May. They point to the net debt figure, which takes the total debt then subtracts many of the government's financial assets — like cash it holds, deposits and loans it is owed. Heading into the global financial crisis in 2008, Australia's net debt was in …

Australia Tax Budget Debt Richardson Look Big
Victorian budget 2022 piles on debt to pump money into strained health system, education
2 years, 8 months ago

Victorian budget 2022 piles on debt to pump money into strained health system, education

ABC  

Victoria's election-year budget will pile on debt to fix the state's beleaguered health system and continue to pump money into education and transport infrastructure while it attempts to claw back a modest surplus in four years. Key points: More call-takers for the strained triple-0 service and more paramedics are key to the state's $12 billion pandemic repair plan Net debt …

Education Financial Commonwealth Games Budget Debt State Billion
Jim Chalmers says the current government has taxed, borrowed and spent more than Labor did. Is that correct?
2 years, 8 months ago

Jim Chalmers says the current government has taxed, borrowed and spent more than Labor did. Is that correct?

ABC  

The claim As the federal election campaign swings into gear, the focus of each of the major political parties has been on its opponent's economic track record. The figures Consistent with previous practice, Fact Check has used the budget category "Australian Government general government sector taxation receipts" to assess the claim from Mr Chalmers that the Coalition has "taxed more" …

Fact Check Labor Financial Budget Coalition Debt Spending
Tata Steel Q3 net profit more than doubles to ₹9,572 cr
2 years, 11 months ago

Tata Steel Q3 net profit more than doubles to ₹9,572 cr

Live Mint  

Tata Steel today reported a consolidated net profit of ₹9,572 crore for the third quarter ending 31 December, 2021. Our steel deliveries in India expanded by 4% in the first nine months of the financial year along with an improvement in product mix," said Tata Steel CEO and MD T V Narendran. Tata Steel continued to deliver strong operating and …

India Steel Crore Quarter Net Tata Tata Steel
Untitled Story
3 years, 1 month ago

Untitled Story

Live Mint  

Tata Steel today reported a consolidated net profit of ₹11,918 crore for the second quarter ending September 30, 2021. Revenues at Tata Steel Europe business went up 50% year-on-year to £2,108 million in the reporting quarter, while EBITDA improved 2.2x QoQ to £328 million which translates to an EBITDA per ton of £153. Other operational highlights of Tata Steel's Q2 …

India Steel Crore Quarter Tata Tata Steel Ebitda
How Tata Steel is making the most of the metals surge
3 years, 8 months ago

How Tata Steel is making the most of the metals surge

Live Mint  

Tata Steel Ltd has been making the most of the increase in demand for the base metal after the pandemic. Thanks to higher realizations and a better handle on costs, Tata Steel reported a sharp jump of 132% year-on-year in operating profit to ₹26,235 per tonne. View Full Image Satish Kumar/Mint However, Tata Steel Europe’s profitability was a tad lower …

Europe Prices Steel Company Tata Tata Steel Capital Expenditure
BP to launch share buyback program after big profit spike
3 years, 8 months ago

BP to launch share buyback program after big profit spike

Associated Press  

LONDON — BP said Tuesday that it would be returning around a half-billion dollars to shareholders after “significantly” higher oil prices contributed to a big rise in profits and a reduction in debt levels. BP, which is seeking to transform its business to a lower-carbon future, said it will launch a $500 million share buyback program in the second quarter …

Billion Oil Price Net Debt
Reliance’s stake sale in retail will allow growth with zero net debt: Moody’s
4 years, 3 months ago

Reliance’s stake sale in retail will allow growth with zero net debt: Moody’s

Live Mint  

Moody's Investors Service said on Monday that Reliance Industries Ltd's divestment of 1.75 per cent stake in its retail arm to private equity firm Silver Lake Partners for ₹7,500 crore is credit positive as it will enable the Indian conglomerate to continue pursuing other growth opportunities while maintaining zero net debt. With this deal, RIL has now established an enterprise …

India Growth Retail Company Segment Ril Zero Net Debt
Jim Chalmers says two-thirds of the debt in the budget was borrowed before the start of the pandemic. Is he correct?
4 years, 4 months ago

Jim Chalmers says two-thirds of the debt in the budget was borrowed before the start of the pandemic. Is he correct?

ABC  

The claim Both the Coalition and Labor have in the past argued that paying off Commonwealth debt is a benchmark of economic success in Australian politics. "In most discussions internationally about countries' government debt levels, the figure commonly referred to is gross debt," Mr Bartos told Fact Check in an email. At the time Mr Chalmers made his claim, the …

Fact Check Labor Pandemic Financial Budget Coalition Debt
Man Utd net debt soars to £429.1m after 42 per cent yearly increase
4 years, 7 months ago

Man Utd net debt soars to £429.1m after 42 per cent yearly increase

The Hindu  

Manchester United's net debt has risen to £429.1 million after a 42 per cent year-on-year increase, while it recorded an operating loss of £3.3m in part due to the impact of the coronavirus pandemic. Ole Gunnar Solskjaer's side has not played in the top flight since beating rival Manchester City 2-0 at Old Trafford on March 8 and the club's …

Debt Man United Net Debt
Tasmania heading into coronavirus-fuelled recession, with deficit of more than $1 billion next financial year
4 years, 7 months ago

Tasmania heading into coronavirus-fuelled recession, with deficit of more than $1 billion next financial year

ABC  

The coronavirus crisis is pushing Tasmania towards a recession, with deficits of $716.4 million predicted this year and more than $1 billion next year, according to the latest figures released by the Treasury Department — but a prominent economist has said the state has been in far worse positions in the past. Mr Eslake said while the state's debt was …

Coronavirus Budget Debt Treasury State Net Tasmania
Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target
4 years, 8 months ago

Mukesh Ambani aims to turn Reliance into zero net debt firm by Dec, ahead of target

India TV News  

Billionaire Mukesh Ambani has accelerated the timeframe for wiping out Rs 1.61 lakh crore of net debt at his Reliance Industries by bringing in strategic investors in key businesses as well as committing more equity. In an investor and media call post announcement of the company's fourth-quarter earnings, RIL's Joint Chief Financial Officer Srikanth Venkatachari said, "The zero net debt …

Debt Company Crore Cent Target Stake Net