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15 ArticlesDefaults

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Taurus Funds get 30% of the Defaulted Ballarpur Debt, Banks Take Over the Distressed Paper Company

Remember Ballarpur? We know that it made Taurus Mutual Fund a big loss – in many of its debt schemes – when it defaulted on a debt payment. The ...
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Why Taurus MF Has Decided To Let You Sell Units But Not Buy More: The Ballarpur Default

Taurus Mutual Fund, which saw a few debt funds lose a packet on their NAV when Ballarpur was downgraded to default, has done something interesting: They will ...
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Ballarpur Downgraded To Default, and Taurus Debt Funds Get Whacked

Edit: We have updated the post with a few corrections. Ballarpur Industries shocked investors in Taurus Mutual Fund on Wednesday. The relatively ...
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More Defaults: GMR Infra's Tollway in Hyd (Due to No-Sand Rules) and the mega 7800 cr. issue with Jaypee Infratech

In yet another tollway default, an SPV owned by GMR Infra has had delays in servicing debt, and has been downgraded to D (default) status by CARE. GMR ...

Two L&T Road Projects Default, But There's No Recourse To The Company. Is This The Beginning?

Two road projects that involve L&T have “defaulted” on payments, says ICRA. L&T Halol Shamlaji Tollway Quasi-Default: Because Of ...

Mallya Is Tagged a Wilful Defaulter, Affects UB Group Companies

Vijay Mallya’s been called a “wilful defaulter” by United Bank of India. This means he intentionally defaulted on loans, and they can say that because he ...

Corporate Loan Defaults Rising and It’s The Banks’ Fault

Outlook has a great article about corporate defaults. Accor­ding to the All-India Bank Employees’ Associa­tion (AIBEA), bad loans have gone up from Rs ...

Loan Defaults are Rising: KC Chakravarty

Dr. K.C. Chakrabarty has a presentation on defaults, which tells you how the trend is changing – where defaults are becoming bigger and bigger as a part ...

Real Estate: Builders Not Delivering, High Unsold Inventory and Then, Defaults

In real estate, for you on a Monday, is not good news. They aren’t finishing their projects, says Mansi Taneja at Business Standard. Till July this year, of ...

Shiv-Vani Defaults on FCCBs, Lenders Demand a Wind-up

Adding to the list of defaults is Shiv-Vani Oil & Gas Exploration Services, which has not repaid Foreign Currency Convertible bonds of $84 million. ET ...