Thursday, November 28
IL&FS group has discharged debt of Rs 38,082 crore to its creditors as of September 30, 2024, according to the latest status report affidavit filed by the debt-ridden firm before insolvency appellate tribunal NCLAT. "As on September 30, 2024, the total debt discharged to creditors of the Respondent No 1 (IL&FS) Group aggregates to Rs 38,082 crore," the status report said. This includes Rs 20,289 crore from monetisation of assets, Rs 8,140 crore from auto-debits, green entity principal servicing, NFB release and Rs 9,653 crore from interim distribution. As per the recovery process, IL&FS' new board has been engaged in the termination of the non-fund-based limits availed by its group entities. IL&FS group is releasing and cancelling bank guarantees or letters of credits is
Adani Enterprises will spend around ₹67,000 crore on capital expenditure in the current fiscal year, as against the Rs 80,000 crore it had guided for at the start of the current fiscal, because of an extended monsoon period affecting project schedules. This is the second time in 2024 that the company is cutting its capital expenditure guidance.In January this year, Adani Enterprises had said that the capex for FY25 would be about Rs 92,000 crore, up from Rs 33,600 crore in FY24. It cut the guidance to ₹80,000 crore in May and reiterated it in August before the latest revision."...the reason why this particular quarter and this half of the year is slightly slower than the remainder is because, as you know, in capex heavy businesses, there's a natural cyclicality in India due to monsoons
Americans navigated a fraught voting landscape on Election Day as a largely smooth voting process early in the day was buffeted by bomb threats, widespread disinformation and unabated anxiety over the election outcome and aftermath. A vast majority of Americans were able to cast their votes unimpeded. But threats of violence -- largely made through dozens of bomb threats, many in Democratic strongholds -- proved a constant reminder of what risks becoming an edgy new normal for voting in America. Among the areas affected were DeKalb and Fulton, two key Democratic counties in Georgia with large populations of Black voters. Fulton County, which includes Atlanta, saw a total of 32 bomb threats alone (judges later ordered the Fulton and DeKalb sites to extend voting hours). The secretary of sta
