Bailout

  • Cyprus agrees to tap big depositors to clear way for EU bailout 25-03-2013 11:40 AM

    Cyprus has agreed to shrink its bloated financial industry and tap big depositors at its two leading banks for billions of euros. ...
  • Can Kingfisher survive without a bailout?

    Aerial view |  Jitender Bhargava
    Kingfisher has been in the throes of a deep financial crisis for quite some time now. The severity of the crisis became evident again earlier...

  • Eurozone ministers OK $ 10.7 billion Greek loan 30-11-2011 12:47 AM

    Brussels: Officials in Brussels say eurozone finance ministers have approved an euro 8 billion ($10.7 billion) bailout loan installment for Greece. Without the loan Greece would have run out of cash and been in default before Christmas. The EU had demanded, and received, letters from the leaders of Greece's main...
  • AI: Govt mulls Rs 30,000 cr bailout package 29-11-2011 04:33 AM

    New Delhi: Seeking to turnaround the cash-strapped Air India, the government is considering a nearly Rs 30,000 crore package for the national carrier over a period of 10 years, official sources said on Monday night. According to the proposal, the government is considering writing off Rs 4,500 crore cash loss...
  • Indian carriers to lose over Rs 10,000 crore 15-11-2011 06:12 AM

    New Delhi: Rising costs of aviation turbine fuel and a falling rupee have only added to the woes of the aviation sector in India. Air India accumulated losses of Rs 13,500 crore and Kingfisher airlines accumulated losses of over Rs 4,500 crore. These numbers cast a dark shadow on India's...
  • FTN: Should the govt stay away from the Kingfisher crisis? 14-11-2011 11:56 PM

    The cash-strapped carrier has been asked by its lenders to infuse Rs 800 crore worth of fresh equity. ...
  • Don't think I was misquoted on bailout: Bajaj 14-11-2011 11:37 AM

    New Delhi: Bajaj Auto chief Rahul Bajaj on Monday clarified his comments on the issue of the government giving a bailout to the cash-strapped Kingfisher Airlines. Bajaj said that he did not think he was misquoted, adding that his comment was not in reference to Kingfisher but to the whole...
  • Kingfisher crisis not to impact our profit: SBI 13-11-2011 11:27 PM

    Jamshedpur: The country's largest public sector lender State Bank of India has said the prevailing crisis in Kingfisher Airlines will not have any impact on it's balance sheet due to small exposure to the beleagured company. "We have Rs 12 lakh crore balance sheet and our exposure in Kingfisher Airline...
  • Pvt sector should not be bailed out: Rahul Bajaj 13-11-2011 05:04 PM

    Mumbai: Amid debt-ridden Kingfisher Airlines seeking Government assistance, Bajaj Auto chief Rahul Bajaj on Sunday said private sector should not be bailed out and "those who die must die". "I am proud private sector man and I don't see any logic of bailing out any private sector company either for...
  • Kingfisher mess: Govt steps in, banks may help 11-11-2011 02:45 PM

    New Delhi: Kingfisher Airlines, facing severe financial crunch, may finally get some help from the Government even as Civil Aviation Minister Vayalar Ravi on Friday ruled out any bailout package for the company. Sources say that Union Finance Minister Pranab Mukherjee may speak to banks to bailout the Vijay Mallya-owned...
  • Greek PM's hold on power slips despite bailout 04-11-2011 05:01 AM

    Athens: Greek Prime Minister George Papandreou defied demands on Thursday that he resign over his decision to hold a referendum on the nation's euro zone bailout deal, calling instead for his party to unite for a confidence vote in the government. But Papandreou's hold on power was slipping after two...
  • Greece's abrupt call on EU deal spook markets 02-11-2011 09:57 AM

    New York: Greece's abrupt call for a referendum on EU bailout deal spooked global markets on Tuesday. Greek PM Papandreou's move threw into question the survival of efforts to contain the debt crisis. France and Germany caught unawares - they summon Papandreou for talks at Cannes before the G20 starts....
  • Europe's debt crisis strategy suffers setback 29-10-2011 01:55 PM

    Berlin: Europe's new strategy on resolving the debt crisis suffered a setback when Germany's highest court ordered a stay on the setting up of a special parliamentary fast-track committee to take speedy decisions on the allocation of funds from the euro-zone's emergency bailout facility. The committee was constituted earlier this...
  • Debt crisis: EU leaders reach bailout agreement 27-10-2011 08:47 AM

    New Delhi: Another financial crisis was averted in Europe as the European Union leaders reached a bailout agreement after a marathon brainstorming session. The agreement included a hard-fought deal with private sector investors to write down Greek bonds by 50 per cent. The agreement came at the end of a...
  • Greece moves closer to getting fiancial rescue 21-09-2011 02:16 PM

    Athens: Debt-saddled Greece moved closer to getting the vital bailout funds it needs to avoid a disastrous default after persuading international debt inspectors to return to Athens and resume reviewing its austerity program. The euro jumped on the news, trading up 0.7 percent at USD 1.370. The common currency and...
  • Germany, France reach accord on Greek bailout 21-07-2011 08:46 AM

    Berlin: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday. The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and...
  • European, IMF officials work on Ireland bailout 22-11-2010 10:35 AM

    Dublin: European and IMF officials will start thrashing out the details of a three-year bailout package for Ireland on Monday while the government puts the finishing touches to a 15 billion euro ($ 20.5 billion) austerity plan. The EU and the IMF agreed on Sunday to help bail out Ireland...
  • UK's Prudential buys AIG's Asian unit 01-03-2010 08:34 PM

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