Yes Bank crisis: Indiabulls Housing says bank owes it Rs 662 cr in bonds

Indiabulls Housing Finance on Sunday said Yes Bank owes Rs 662 crore in the form of bonds to the company and it has no term loans outstanding from the lender.

“We wish to inform that Yes Bank owes to Indiabulls Housing Finance Rs 662 crore via additional tier 1 (AT-1) bonds,” it said in a regulatory filing.

The investments in AT-1 bonds of Yes Bank were made in 2017, as part of its treasury management of over Rs 20,000 crore of cash and when the bank was worth over USD 10 billion in value,

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Graphite India slips 5%, nears 52-week low on Rs 353 crore net loss in Q3

Shares of Graphite India slipped 5 for every cent to Rs 268 on the BSE on Monday immediately after it reported a consolidated net decline of Rs 353 crore in December quarter (Q3FY20), thanks to steep tumble in electrode prices.

The graphite electrode company experienced posted a consolidated net financial gain of Rs 764 crore in the identical quarter previous fiscal. The stock was buying and selling close to its fifty two-week lower amount of Rs 255 touched on October 9, 2019.

The corporation posted 1st quarterly decline in far more than 1 decade. Before, in June 1997 quarter, it

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Bharti Airtel makes payment of Rs 10,000 crore to DoT towards AGR dues

Right after Supreme Court rap and the government’s stringent deadline, Bharti Airtel on Monday said it has paid Rs 10,000 crore to the telecom office toward statutory dues.

The organization said it will make payment of the balance quantity immediately after self assessment work out.

“The…full quantity of Rs 10,000 crore has been paid on behalf of Bharti Airtel, Bharti Hexacom, and Telenor.

“We are in the method of finishing the self assessment work out expeditiously and will duly make the balance payment upon completion of the exact, in advance of the up coming date of hearing in the SC,”

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