SUMANSPEAKS | ESTD 2006 | CAPITAL MARKETS INTELLIGENCE JUNE 2025 | MACROECONOMICS & GLOBAL FINANCE SumanSpeaks Independent Capital Markets Intelligence · Estd 2006 sumanspeaks.blogspot.com Macro Currents | Currency Architecture | Geopolitical Finance The Multipolar Currency Dream Meets Economic Reality Why the rupee's march to global trade currency status will be measured in decades, not headlines Much has been written about the emergence of a multipolar currency system and the gradual erosion of US dollar dominance. The narrative is undeniably seductive: greater monetary sovereignty, reduced exposure to American sanctions architecture, and a s...
Dr.Vijay Mallya Effect: State Bank of India tunes down its stand from $ 1 billon to now Rs.2000 Cr; others ask Kingfisher to come up, with only Rs.800-1000 Cr
Talks are on but there is no progress he added.
Yesterday bankers once again met again Kingfisher Airlines' management in another inconclusive meeting. “If the company doesn’t wish to fly, what can banks do about it” he said.
"Till the company doesn’t bring money from its own capital I don’t think anything can happen," Chaudhuri further said.
The solution has to come from the company, he said, indicating that the banks won’t fund till the company brings some amount from its own funds.
Talking about taking legal recourse and realisation of assets he said, if you enforce the assets, whatever remaining hopes are there those will also disappear.
Earlier, Kingfisher Airlines had submitted a revival plan to DGCA which included limited restart of operations with Rs 650 crore of capital which promoter Vijay Mallya had promised to bring from own sources.
However the DGCA wasn’t impressed by the plan and had asked KFA to bring No Objection Certificates (NOCs) from various agencies including the lenders. While KFA has got NOCs from oil companies and lessors, lenders haven’t issued NOCs yet.
Last year in November Pratip Chaudhuri had asked the management to put in $1 billion (or Rs.5400 Cr).
KFA has been grounded since October 2012 following the strike by its engineers who refused certify the airworthiness of its aircrafts over delayed payments of salaries. Later the DGCA had suspended its operating permit in the same month.
Banks have an exposure of about Rs 7,500 crore to the airline which has been a NPA for them for the last one year. SBI has the maximum exposure of about Rs 1,200 crore to the airline.
Capital Infusion:
Meanwhile the SBI board today approved issuing preferential shares to the government to raise Rs 3,004 crore. Chaudhuri said that even without this capital he expects their tier-1 capital to be above 10 per cent by March. The bank plans to put some part of this capital in associate banks and international subsidiaries.
News Body (Except headline), Courtesy: Business Standard
Popular posts from this blog
.jpeg)
Hikaru Nakamura and Atousa Pourkashiyan: A Checkmate in Love – A Grand Union Forged on the 64 - Squares.... Introduction: Hikaru Nakamura, a name synonymous with modern chess, is a prodigy-turned-legend whose brilliance has redefined the contours of the game. A five-time U.S. Champion, his fearless strategies and dynamic online presence have made him an unparalleled force in the chess world. In 2023, however, the grandmaster made headlines for a personal milestone: his marriage to the courageous and equally accomplished chess player, Atousa Pourkashiyan. Atousa, a Women's Grandmaster (WGM), is a celebrated chess player and a symbol of resilience. Her bold decision to compete without a hijab during the 2022 World Rapid and Blitz Championship became a landmark moment in the global spotlight. This act was a direct expression of solidarity with the Mahsa Amini protests in Iran, where women have continued to fight against oppressive mandates, demanding the freedom to choose their attir...
WINNING STROKES: THINK DIFFERENT: Please STOP investing in companies by simply looking at their past quarterly/annual results. More quickly you do away with this BAD habit, the better it will be for your investment philosophy. Please remember a debt free company (zero liability) which is closed, has tremendous value, unlike what an Old Analyst from Bombay is trying to make us understand. How will the markets behave today?? This portion only to the Paid Groups.... My Mom (mother) is seriously ill (who is suffering from Cancer) and hence the services to the Free and Paid Groups might be affected in the days to come... Galada Power and Telecom Ltd, which was recommended yesterday to the Paid Group through an SMS and then to the Free Group, hit the upper circuits. The company has 4 acres of land in Uppal , whose current market price is around Rs.24--Rs.28 Cr. However, what is the latest development in the company?? This portion only for the Paid Groups. Sanguine Media Services Ltd hit ...
Turnaround Play? 3i Infotech Bets on ₹100-Crore Rights Issue to Power Growth. ~Sumon Mukhopadhyay. ------------------------------------ Introduction: Founded in 1993 and headquartered in Mumbai , 3i Infotech Limited is a global IT services provider with over three decades of expertise in digital transformation. With a workforce exceeding 4,300 professionals and a client base spanning India, North America, the Middle East & Africa (MEA), and Asia-Pacific (APAC) , the company operates across three strategic verticals: 🔹Infrastructure Services (cloud and cybersecurity), 🔹 Application-Automation-Analytics , and 🔹 Business Process Services . In FY25 , 3i Infotech posted consolidated revenues of ₹725.75 crore (India: ₹335.80 crore; US: ₹287.34 crore; MEA: ₹74.98 crore; APAC: ₹27.63 crore) and achieved a net profit of ₹25.3 crore , marking a significant turnaround from a ₹313.6 crore loss in FY24 . To reinforce this recovery, the company has proposed a ...