DHFL reported a net loss of Rs 2,223 crore in the fourth quarter of FY19 due to higher provisions and a collapse in the disbursement of new loans. The company has made additional provisioning of Rs 3,280 crore for the fourth quarter of FY19. The debt-laden mortgage lender is in the process of restructuring its debts with lenders. Shilpy Sinha of The Economic Times explains what the fourth-quarter loss means for DHFL. (Text: ET Online)
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DHFL reported a net loss of Rs 2,223 crore in the fourth quarter of FY19 due to higher provisions and a collapse in the disbursement of new loans. The company has made additional provisioning of Rs 3,280 crore for the fourth quarter of FY19. The debt-laden mortgage lender is in the process of restructuring its debts with lenders. Shilpy Sinha of The Economic Times explains what the fourth-quarter loss means for DHFL. (Text: ET Online)
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In further testament to the remarkable craving of Punjab's political parties to sign up Navjot Singh Sidhu, the Congress is learnt to have made a seemingly unbeatable offer to the cricketer-turned-politician - Amritsar Lok Sabha seat of the party's state chief Amarinder Singh.
A few months ago, the BJP had brought Sidhu back from political exile by nominating him to the Rajya Sabha and then the AAP was in talks for a long tome to recruit him as a star campaigner. Now, with AAP chief Arvind Kejriwal's tweets indicating an end to the party's flirtations with Sidhu, the Congress has grabbed the opportunity.
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A longstanding conflict between the United States and North Korea since post-cold war era, rising stockpile of nuclear weapons by Kim Jong Un and fear of war for South Korea and Japan. In this backdrop does the Singapore Summit really hold out a ray of hope? Watch.
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7 points why NDA's deal is much better than the non-deal of UPA govt - Defence Minister Smt Nirmala Sitharaman 04.01.2019
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Even as Bollywood's 'it' couple Saif Ali Khan and Kareena Kapoor gear to make their relationship official, one would expect a lot of chaos and commotion in the Kapoor and the Pataudi khandaans. But that's not exactly the scene in the famous households. To-be begum Bebo's father Randhir Kapoor recently revealed, 'There is not much planning, as it is going to be a quiet wedding.'
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