Distressed-debt specialist firm, REDD Intelligence, has warned that beleaguered infrastructure financier, IL&FS, will require equity infusion of up to Rs 300 billion to get back on the rails. It will also have to take an impairment of at least Rs 150 billion before recovering a single rupee from its subsidiaries, the firm said. “The required […]
Day: October 4, 2018
Major relief for common man as fuel prices come down by Rs 2.50 a litre
The government on Thursday announced an excise duty cut of Rs 1.50 a litre for petrol and diesel. Additionally, oil companies are to be asked to absorb another Re 1 per litre. Together, these price reductions would add up to Rs 2.50 a litre — a significant relief at a time when rising fuel prices […]