Government to borrow $37.7 bn in Oct-March: Source
Government to borrow $37.7 bn in Oct-March: Source

The government will borrow a gross 2.49 trillion rupees ($37.70 billion) between October and March, or the second half of the 2015/16 fiscal year, a source familiar with the details told Reuters on Monday.

Amtek hasn't approached us for new loans yet: Lenders

Even as cash-crunch hit Amtek Auto informed exchanges that it's in advanced talks with banks for fresh funds to repay its Rs 800 crore debt, lenders Tuesday denied any such discussions and said they've serious reservation about further lending to the auto component maker.

Don't distort tariff, pay aid directly to poor: NTPC to states

Issuing bonds and writing off debt will not help power distribution firms, and states should use technology to provide direct subsidy to weaker sections without affecting tariff, NTPC Chairman Arup Roy Choudhury said today.

Tata Steel plans to raise Rs 1,500 cr via short-term debt notes

Tata Steel is planning to raise Rs 1,500 crore through issuance of commercial paper (CP), a short-term debt instrument.

Germany praises Greek stance shift in debt talks

Germany`s hardline finance minister Wolfgang Schaeuble on Sunday hailed a change in tone in talks with Greece over its next bailout but warned Europe would closely monitor the pace of reforms in Athens.

India's exports to Greece fall 15% on debt crisis: Govt

The financial crisis in Greece has led to a 15.45 percent fall in India's exports to the European nation during the first quarter of this fiscal, Parliament was informed Wednesday.

Ukraine`s crucial debt talks hit new hurdle

Ukraine and its creditors hit a new stumbling block Wednesday after a new debt restructuring offer from Kiev and call for a "decisive" final meeting drew only a lukewarm response.

Ukraine eyes September debt repayment freeze

Ukraine's finance ministry warned on Thursday it could declare a technical default in two months should its lenders fail to accept less stringent repayment terms and a possible partial debt write-off.

Recent developments in the Greek debt crisis

Greece reaches agreement with eurozone creditors on terms for a third rescue package after 17 hours of negotiations. Greek Prime Minister Alexis Tsipras agrees to tough reforms in return for talks on a three-year bailout worth up to 86 billion euros ($93 billion).

GVK Coal under debt burden of $885 million

GVK Coal Developers, which owns mines in Australia, is burdened with USD 885 million of debt, according to GVK group's annual report.

German hardline finance chief Schaeuble, Europe's 'new boss'?

Germany`s Finance Minister Wolfgang Schaeuble insists he is deeply pro-European, but for many his unbending stance on Greece has cast him as a villain in the struggle to save Athens from crashing out of the euro.

Greeks spend their locked-away euros

Use it or lose it: that`s the plan for many Greeks, who have been going on a credit card-fuelled spending spree as the economy has tanked out of fears their cash could be confiscated or devalued.

Protesters throw petrol bombs as Greek parliament debates bailout

Anti-austerity protesters hurled petrol bombs at police in front of Greece`s parliament on Wednesday as lawmakers began debating deeply unpopular reforms needed to unlock a new eurozone bailout.

Greek PM `takes responsibility` for bailout deal

Greece`s Prime Minister Alexis Tsipras said Tuesday he took responsibility for a tough bailout deal clinched with the eurozone to save the near-insolvent country, despite not believing in many of the draconian reforms it demands.

Critics on left and right slam Greece debt 'coup'

Politicians on the far left and right accused European powers of negotiating with a "gun to the head" of Greece and terrorising and colonising it through Monday`s new debt deal.

Goldman Sachs could be sued for helping hide Greece's debts: Report

If Greece follows the advice of a former Goldman Sachs banker, the global investment banking firm could face legal action for helping hide the European country`s debts through complex transactions, a media report said on Saturday.

Deadline puts Greece`s euro membership, debt on the table

Greece was to submit a detailed bailout request to its eurozone partners Thursday in a last-ditch effort to save its collapsing economy and its place in the euro, with the EU president urging creditors to compromise on debt relief.

Yanis Varoufakis: Scourge of Greece`s creditors

Greece`s maverick finance minister Yanis Varoufakis, who announced his surprise resignation on Monday, achieved near-celebrity status with an urban-cool image and visceral attacks on the country`s international creditors.

Top Greece court rules referendum can go ahead

Greece`s top administrative court ruled Friday that a weekend referendum can go ahead asking voters whether or not they support bailout conditions, rejecting a challenge by two individuals.

Greece seeks last-minute debt deal as default nears

Greece asked for a fresh two-year rescue deal with the European Union on Tuesday in a final roll of the dice just hours before its current bailout expires and it misses a critical IMF payment.