Search result for 'borrowings'

JSW Cement IPO: Sebi Approves Rs 4,000 Cr Share Sale

January 13, 2025 18:56

JSW Cement receives Sebi's approval for a Rs 4,000 crore IPO, comprising a fresh issue and OFS by investors. The funds will be used for expansion and debt repayment.

UK Seeks 'Common Ground' with China on Trade

January 11, 2025 16:27

UK Chancellor Rachel Reeves visits China to strengthen economic ties, seeking 'common ground' on trade and investment with Beijing, despite political tensions.

Niti Aayog Seeks Balance: Govt vs Corp Debt Markets

January 10, 2025 16:32

Niti Aayog is exploring ways to balance India's government and corporate debt markets, with focus on fiscal adjustment and liquidity. The think tank will also examine the impact of deepening the...

SBI Chairman Calls for Institution to Track Small Business Fund Use

January 10, 2025 13:35

SBI chairman CS Setty advocates for a market infrastructure institution to track the end-use of funds raised by small businesses, aiming to ensure responsible financing and bolster investor...

Capital Infra Trust InvIT IPO Oversubscribed by 2.80 Times

January 9, 2025 18:24

Capital Infra Trust InvIT IPO receives 2.80 times subscription on the final day of bidding. The public offer received bids for 24,71,89,650 units against 8,83,83,750 units on offer.

Capital Infra Trust InvIT IPO Subscribed 78% on Day 2

January 8, 2025 18:20

Capital Infra Trust InvIT IPO received 78% subscription on Day 2, with the issue set to conclude on January 9. The IPO is a combination of a fresh issue and an offer for sale (OFS) by sponsor Gawar...

Capital Infra Trust InvIT IPO Subscribed 39% on Day 1

January 7, 2025 18:37

Capital Infra Trust InvIT IPO received 39% subscription on the first day, with the issue set to close on January 9. The IPO includes a fresh issue and an offer for sale, raising a total of Rs 1,578...

Capital Infra Trust IPO: Rs 703 Crore Mobilized from Anchor Investors

January 7, 2025 00:42

Capital Infra Trust, an InvIT sponsored by Gawar Construction, has raised Rs 703 crore from anchor investors ahead of its IPO launch. The IPO opens for public subscription on January 7 and will...

IIFCL to Raise Rs 8,000 Cr via Borrowing in Q4 FY23

January 6, 2025 17:40

India Infrastructure Finance Company Ltd (IIFCL) plans to raise Rs 8,000 crore from borrowing, including from overseas institutions, in the January-March quarter. The company aims to raise USD 200...

Capital Infra Trust IPO: Price Band Fixed at Rs 99-100, Opens Next Week

January 3, 2025 21:31

Capital Infra Trust, sponsored by Gawar Construction, has fixed the price band for its Rs 1,578 crore IPO at Rs 99-100 per unit. The IPO opens on January 7 and concludes on January 9, marking the...

Karnataka Cabinet Approves Rs 5,000 Cr for KIADB, Bifurcates Hubballi-Dharwad

January 2, 2025 22:05

Karnataka cabinet approves Rs 5,000 crore borrowing for KIADB, increases its borrowing limit from Rs 500 crore to facilitate land acquisition for industrial development. It also decides to...

Telangana to Raise Rs 30,000 Crore in Q4 FY25

January 2, 2025 20:35

Telangana government plans to raise Rs 30,000 crore through market borrowings in the last quarter of FY 2024-25. This move follows the state's utilization of 71.7% of its budget estimates for the...

Regaal Resources Files DRHP for IPO, Aims to Raise Rs 190 Crore

January 2, 2025 18:36

Kolkata-based agro company Regaal Resources has filed its DRHP with SEBI for an IPO, aiming to raise Rs 190 crore. The IPO includes a fresh issue and an offer-for-sale.

Housing Prices 2025: Modest Growth Expected

January 1, 2025 12:44

Real estate experts predict a modest price rise in India's housing market in 2025, following a strong 2024. The forecast considers factors like RBI interest rates and government initiatives.

India's Fiscal Deficit Hits 52.5% of Target: Govt Data

December 31, 2024 18:36

India's fiscal deficit reached 52.5% of the full-year target by November 2024, according to government data. The deficit was Rs 8.47 lakh crore, with revenue expenditure exceeding budget estimates.

India Housing Market Degrowth: Budget Hopes & Luxury Boom

December 30, 2024 14:32

India's housing market saw a decline in 2024, with rising prices and interest rates impacting demand. However, the luxury segment thrived, while the office market saw record leasing. Experts hope...

Sanathan Textiles Shares Debut at 31% Premium

December 27, 2024 10:37

Sanathan Textiles Ltd shares listed with a premium of over 31% on Friday, surging to Rs 422.65 on the BSE. The company's IPO garnered 35.12 times subscription.

Sanathan Textiles IPO Over-Subscribed 35 Times

December 23, 2024 18:42

Sanathan Textiles's IPO received 35.12 times subscription on the last day of bidding, with QIBs over-subscribing 75.62 times. The issue raised Rs 165 crore from anchor investors.

Kerala Seeks Rs 24,000 Cr Package for Liquidity Crunch

December 20, 2024 20:18

Kerala demands a special package of Rs 24,000 crore to address its liquidity crisis and Rs 2,000 crore for Wayanad relief works, highlighting concerns over GST implementation and fiscal constraints.

Sanathan Textiles IPO: 1.43 Times Subscription on Day 2

December 20, 2024 20:10

Sanathan Textiles IPO garners 1.43 times subscription on day 2, with retail investors showing strong interest. The IPO closes on December 23.

States Seek More Funds, Loan Scheme Boost - India Budget 2025

December 20, 2024 20:03

Indian states urged for increased funding, including a 50-year interest-free loan scheme, special packages for fiscally stressed states, and higher borrowing limits in a pre-budget meeting with the...

Sanathan Textiles IPO Subscribed 45% on Day 1

December 19, 2024 18:21

Sanathan Textiles IPO received 45% subscription on Day 1, with retail investors showing strong interest. The IPO, priced at Rs 305-321 per share, will conclude on December 23.

Shriram Finance Raises USD 1.27 Billion through ECB

December 18, 2024 21:46

Shriram Finance secures USD 1.277 billion through external commercial borrowing in multiple currencies, including US dollar, euro, and UAE dirham.

Sanathan Textiles IPO: Rs 165 Crore Mobilised from Anchor Investors

December 18, 2024 20:21

Sanathan Textiles has raised Rs 165 crore from anchor investors ahead of its IPO. The yarn manufacturer's IPO opens on December 19 and aims to raise Rs 550 crore.

Kerala Sabari Rail Project Expansion: State Seeks Central Approval

December 17, 2024 20:46

Kerala government seeks central approval for Sabari Rail project expansion, including Angamaly-Erumeli-Nilakkal route. KIIFB to bear 50% of the cost.

P2P Lending NPAs Surge to Rs 1,163 cr in FY24

December 16, 2024 21:09

Bad loans of peer-to-peer lenders in India more than doubled to Rs 1,163 crore in FY24, highlighting stress in the sector amidst stricter regulations.

Sanathan Textiles IPO: Price Band at Rs 305-321/share

December 16, 2024 13:16

Sanathan Textiles IPO opens on Dec 19 with a price band of Rs 305-321/share. The IPO will raise Rs 550 crore and will close on Dec 23. Learn more about the IPO details here.

Brookfield India REIT Raises Rs 3,500 Crore via QIP

December 13, 2024 11:43

Brookfield India REIT raises Rs 3,500 crore through QIP issue to reduce debt. The issue saw strong demand from institutional investors, including IFC and LIC.

Brookfield India REIT Raises Rs 3,500 Cr via QIP

December 9, 2024 22:13

Brookfield India REIT launches a Qualified Institutional Placement (QIP) issue to raise up to Rs 3,500 crore. The funds will be used for debt repayment, equity contribution, and growth opportunities.

Sanjay Malhotra New RBI Governor: Consensus Builder, Princeton Alum

December 9, 2024 20:43

Sanjay Malhotra, a Princeton-educated consensus builder and revenue secretary, takes over as RBI Governor, facing challenges of slow growth and high inflation.

Aadhar Housing Finance AUM to Exceed Rs 25,000 Cr by March 2025

December 8, 2024 17:00

Aadhar Housing Finance, catering to the affordable housing segment, expects its AUM to cross Rs 25,000 crore by March 2025, driven by strong growth and expansion.

CII Urges Govt to Stick to Fiscal Deficit Targets

December 8, 2024 13:33

The Confederation of Indian Industry (CII) has urged the government to maintain fiscal deficit targets of 4.9% in FY25 and 4.5% in FY26, warning that exceeding these could harm economic growth.

UPI Expands Credit Access for Underserved Borrowers: Study

December 7, 2024 18:53

A study reveals UPI's impact on expanding credit access for underserved borrowers in India, enabling them to build financial history and access loans.

Annapurna Finance Secures $109.5 mn Funding for Rural Lending

December 7, 2024 14:53

Annapurna Finance, an NBFC-MFI, has raised $109.5 mn through a syndicated social loan to expand financial services to underserved populations in India.

Paisalo Digital Raises USD 50 Million in FCCB Issuance

December 6, 2024 18:29

Paisalo Digital, a non-banking financial company, has raised USD 50 million in the first tranche of secured foreign currency convertible bonds (FCCBs). The issuance aims to fortify the company's...

Vodafone Idea to Raise Rs 2000 Cr from Vodafone Group - Telecom News

December 5, 2024 18:37

Vodafone Idea's board will consider a proposal to raise Rs 2,000 crore from Vodafone Group entities. The move follows Vodafone Group's stake sale in Indus Towers to clear its debt.

NHAI to Raise Rs 1,000 Crore via Green Bonds

December 5, 2024 17:28

NHAI's DME Development Ltd will raise Rs 1,000 crore through green bonds to implement climate-friendly measures on the Delhi-Mumbai Expressway project. The funds will be used for avenue plantation,...

Jaiprakash Associates Loan Outstanding at Rs 55,526 cr - News

December 5, 2024 16:55

Jaiprakash Associates, facing insolvency proceedings, has an outstanding loan of Rs 55,526 crore as on November 10, 2024. The company is under the Insolvency and Bankruptcy Code (IBC).

Hosiery Revenue to Grow 10-12% This Fiscal: Report

December 5, 2024 16:21

India's hosiery industry is projected to see 10-12% revenue growth in FY24, driven by rural demand revival, export boost, and improved margins. Crisil Ratings forecasts strong performance.

Truck Rentals Decline in Nov as Demand Softens: Report

December 4, 2024 17:26

Truck rentals declined in November due to factors like weak urban demand, BS4 truck ban in NCR, and reduced agricultural produce movement. Fleet occupancy levels dropped to 60%, impacting key trunk...

Vodafone Sells Indus Towers Stake to Clear Debt, Pay Vi Dues

December 4, 2024 17:06

Vodafone to sell 3% stake in Indus Towers for Rs 2,841 crore to clear debt and pay outstanding dues of its Indian venture Vodafone Idea.

RBI MPC Meeting: Interest Rates Expected to Stay Steady

December 4, 2024 15:13

The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to maintain the repo rate at 6.5% amid high inflation. The decision will be announced on December 6.

PNB Housing Aims for Rs 5,000 Cr Affordable Loan Book by FY25

December 3, 2024 17:23

PNB Housing Finance targets Rs 5,000 crore loan book in affordable segment by FY25, driven by PMAY 2.0 and branch expansion. The company also plans to launch a new vertical for Loan Against Property.

Gopalpur Port Rating Upgraded After Adani Acquisition

December 2, 2024 14:23

Gopalpur Port's rating has been upgraded six notches to AA/Stable after Adani Ports and SEZ acquired it, reflecting strong parentage and operational efficiency improvements.

India's Fiscal Deficit Reaches 46.5% of Target in 7 Months

November 29, 2024 16:34

India's fiscal deficit reached 46.5% of the full-year target at the end of October, according to government data. The deficit stood at Rs 7,50,824 crore during April-October.

K Raheja Pays Rs 68.73 Lakh to Settle Sebi REIT Case

November 28, 2024 19:56

K Raheja Investment Managers has settled with Sebi by paying Rs 68.73 lakh for alleged violation of REIT rules in the Mindspace Business Parks REIT case.

Moody's Cuts Adani Outlook, Fitch Puts Bonds on Watch

November 26, 2024 16:45

Moody's downgraded Adani firms' outlook to 'negative', citing bribery charges against Gautam Adani. Fitch placed some Adani bonds on negative watch.

MFIs Tighten Lending Norms After RBI Strictures

November 25, 2024 17:52

Microfinance Institutions Network (MFIN) announces new lending norms to make lending more responsible following RBI concerns on high interest rates and multiple loans. The new rules limit...

Rupee Rises 10 Paise to Close at 84.31 vs US Dollar

November 25, 2024 15:58

The Indian rupee appreciated by 10 paise to close at 84.31 against the US dollar on Monday, supported by a firm trend in domestic equities and improved investor risk appetite.

Adani Group: Strong Finances, No External Debt Needed

November 25, 2024 11:21

Despite US bribery indictment, Adani Group assures investors of financial strength, highlighting ample cash reserves and growth plans without external debt.

Adani Group: Strong Finances, No Need for External Debt

November 25, 2024 09:53

Adani Group highlights its robust financial performance, emphasizing its ability to fund growth through internal cash flow and minimal external debt.

Adani Group: Strong Financials, No External Debt Needed

November 25, 2024 08:37

Adani Group boasts robust profits and cash flows, demonstrating its ability to fund growth without external debt. The group's strong financial position and low debt levels are highlighted in a...

IIFCL to Raise USD 600 Million from ADB, Korean Exim Bank

November 22, 2024 21:45

India Infrastructure Finance Company Ltd (IIFCL) is in talks with Asian Development Bank and Korean Exim Bank to raise USD 600 million in blended finance to expand its investor base and lower...

Belrise Industries Files for Rs 2,150 Crore IPO - Auto Component Maker

November 21, 2024 12:55

Belrise Industries, an Indian automotive component maker, has filed for an IPO to raise Rs 2,150 crore. The company plans to use the proceeds to pay down debt. Belrise supplies components to major...

Irdai Urges Bankers to Focus on Core Jobs, Avoid Insurance Mis-selling

November 19, 2024 20:51

Irdai Chairman Debasis Panda urges bankers to prioritize their core roles and avoid mis-selling of insurance products. He emphasizes the need for a balance in bancassurance, ensuring that insurance...

Aegis Vopak Terminals IPO: Rs 3,500 Cr, Sebi Filing

November 19, 2024 18:35

Aegis Vopak Terminals, a subsidiary of Aegis Logistics, has filed draft papers with Sebi for an IPO to raise Rs 3,500 crore. The IPO will be used to pay debt, fund expansion, and general corporate...

Satvik Green Energy IPO: Rs 1,150 Crore Raise

November 19, 2024 14:14

Solar panel maker Satvik Green Energy files for an IPO to raise Rs 1,150 crore, including a fresh issue and an OFS by promoters. The funds will be used for debt repayment, expansion, and general...

Bank Interest Rates Stressful, FM Urges Affordable Rates

November 18, 2024 16:49

Finance Minister Nirmala Sitharaman calls for affordable bank interest rates, citing stress on borrowers and need for economic growth. She also urges banks to focus on lending.

India Economy Projected to Grow 6.5-7% Annually Through 2027 - S&P

November 14, 2024 12:09

S&P Global Ratings forecasts India's economy to expand between 6.5-7% annually until 2027, driven by infrastructure spending and private consumption. The agency also expects strong asset...

TVS Supply Chain Q2 Profit: Rs 10.6 Crore

November 12, 2024 17:58

TVS Supply Chain Solutions reports a consolidated profit after tax of Rs 10.6 crore for Q2 FY25, driven by growth momentum and new business wins. Learn more about their financial performance and...

ABFRL Reports Net Loss in Q3 FY25

November 8, 2024 11:43

Aditya Birla Fashion and Retail Ltd (ABFRL) reported a consolidated net loss of Rs 214.70 crore in the September 2024 quarter, attributed to higher depreciation and interest costs.

Brookfield India REIT NOI Up 40%, Plans Rs 3500 Cr Fundraise

November 7, 2024 18:47

Brookfield India REIT's net operating income surged 40% to Rs 486 crore in Q2 FY24. The REIT plans to raise up to Rs 3,500 crore through an institutional placement to reduce debt and fund growth.

Brookfield India REIT to Raise Rs 3,500 Cr via Unit Issue

November 7, 2024 15:21

Brookfield India REIT plans to raise up to Rs 3,500 crore through unit issuance to institutional investors for debt reduction and growth funding. The REIT also reported a 40% increase in net...

Govt Approves Rs 10,700 Cr Equity Infusion in FCI

November 6, 2024 15:46

The Indian government has approved Rs 10,700 crore equity infusion in FCI for working capital in FY 2024-25, aiming to bolster the agricultural sector and ensure food security.

Kerala Seeks Wayanad Relief Package: Balagopal

November 4, 2024 20:33

Kerala Finance Minister K N Balagopal met with Union Finance Minister Nirmala Sitharaman to request a special package for Wayanad's rehabilitation after landslides and withdrawal of retrospective...

UP Amends Incentive Policy to Attract Foreign Investors

November 4, 2024 16:43

Uttar Pradesh amends its incentive policy to attract foreign investors by allowing benefits for equity and loan investments. The move aims to increase foreign investment in the state.

Sebi Proposes Hedging for REITs, InvITs Using Derivatives

November 3, 2024 10:32

Sebi proposes allowing REITs, InvITs and SM REITs to use interest rate derivatives for hedging risk, along with other measures to enhance investor protection and ease of doing business.

UK Budget: Labour's 'Rebuild Britain' Plan & Tax Hikes

October 30, 2024 21:51

UK's first female Chancellor Rachel Reeves unveils Labour's Budget focusing on 'rebuild Britain' with 40 billion pounds tax rises, targeting wealthier sections and businesses.

India's Fiscal Deficit Reaches 29.4% in H1 FY25

October 30, 2024 17:54

India's fiscal deficit touched 29.4% of the full-year target in H1 FY25, with revenue expenditure at 43.8% of the Budget Estimate. Read more about the government's fiscal performance and key...

Muthoottu Mini Financiers to Raise Rs 150 Crore via NCDs

October 29, 2024 21:16

Muthoottu Mini Financiers launches public issue of secured, non-convertible debentures (NCDs) worth Rs 150 crore. The NCDs offer annualised interest rates ranging from 8.84% to 10.5% and will be...

ArcelorMittal SA Rejects 19 Billion Rand Buyout Offer

October 28, 2024 18:32

ArcelorMittal South Africa has rejected a 19 billion rand buyout offer from Networth Investments, which aimed to transform the country's struggling steel industry. The offer included plans for...

Veranda Learning Solutions Targets Rs 600 cr Revenue in FY25

October 28, 2024 18:12

Veranda Learning Solutions aims to achieve Rs 600 crore revenue in FY25, driven by acquisitions and partnerships with foreign educational institutes. The company has seen robust growth, including...

Soft Landing of Global Economy Possible: Sitharaman

October 26, 2024 06:05

India's Finance Minister Nirmala Sitharaman says a soft landing of the global economy is increasingly possible, citing coordinated action by countries and institutions.

Piramal Enterprises Q2 Profit Triples, Flags Credit Risks

October 23, 2024 18:47

Piramal Enterprises Q2 profit tripled to Rs 163 crore, but the company flagged risks from the precarious credit environment. The lender's net interest income rose 17%, and recoveries from alternate...

SRF Profit Down 33% in Q2; Rs 1,100 Cr Investment in Refrigerant Plants

October 22, 2024 15:48

SRF Ltd reported a 33% decline in Q2 profit to Rs 201.42 cr, but announced plans to invest Rs 1,100 cr in new refrigerant plants to meet future demand.

Indel Money to Raise Rs 150 Cr via NCDs - Business Growth

October 21, 2024 17:03

Indel Money, a gold loan financier, plans to raise up to Rs 150 crore through non-convertible debentures (NCDs) to fund business growth. The funds will be used for onward lending, financing, and...

Niva Bupa, Paras Healthcare Get Sebi Nod for IPOs

October 21, 2024 15:28

Niva Bupa Health Insurance and Paras Healthcare have received Sebi's approval to raise funds through IPOs, with Niva Bupa aiming for Rs 3,000 crore and Paras Healthcare targeting Rs 400 crore.

Afcons Infrastructure IPO Price Fixed at Rs 440-463

October 21, 2024 15:05

Afcons Infrastructure, a Shapoorji Pallonji group company, has fixed the price band for its Rs 5,430 crore IPO at Rs 440-463 per share. The IPO opens for subscription on October 25.

Jaro Education Files IPO Papers with Sebi for Rs 570 Crore

October 21, 2024 11:11

Jaro Education, an institute offering technology-driven degree programs, has filed for an IPO of Rs 570 crore with Sebi. The IPO includes a fresh issue and an offer for sale of shares. The proceeds...

Diwali Muhurat Trading 2023: BSE, NSE to Conduct 1-Hour Session

October 20, 2024 17:58

BSE and NSE will conduct a one-hour 'Muhurat Trading' session on November 1, marking the start of the new Samvat 2081. The session is believed to bring prosperity and financial growth.

Ugro Capital to Raise USD 40 Mn from US DFC for MSMEs

October 16, 2024 18:00

Ugro Capital secures USD 40 million loan from US DFC for on-lending to Indian MSMEs, with a focus on women-owned businesses and new-to-credit borrowers.

Assam's Debt Soars to Rs 1.52 Lakh Cr: Congress Demands Fiscal Transparency

October 16, 2024 16:37

Congress demands a white paper on Assam's finances, alleging a huge rise in debt under CM Himanta Biswa Sarma and financial mismanagement leading to salary delays and contractor payment issues.

Maharashtra Welfare Schemes Won't Dent Finances: Icra

October 16, 2024 14:47

Icra Ratings says Maharashtra's new welfare schemes are unlikely to impact state finances despite concerns over their cost. The agency cites the state's strong fiscal position and limited welfare...

SBI to Increase Instant Loan Limit for MSMEs

October 13, 2024 13:37

SBI plans to raise the threshold for its instant loan scheme for MSMEs, aiming to simplify access to credit and bring more businesses into the formal lending system.

Sebi Halts Trafiksol IPO Listing, Orders Probe

October 11, 2024 18:57

Sebi has ordered an investigation into Trafiksol ITS Technologies' IPO disclosures after concerns about the company's vendor. The IPO listing on BSE's SME platform has been halted.

RBI Holds Interest Rates, Missing Housing Demand Boost: CREDAI

October 9, 2024 16:20

The Reserve Bank of India kept interest rates unchanged despite calls from the real estate industry to stimulate housing demand. CREDAI, the apex body of realtors, believes a rate cut would have...

RBI Holds Rates, Experts Expect Cuts: Monetary Policy Analysis

October 9, 2024 15:06

The Reserve Bank of India (RBI) maintains its key interest rate, but experts anticipate cuts in the coming months. The decision reflects a pragmatic approach to managing inflation and growth.

RBI to Decide on Interest Rates on Wednesday

October 7, 2024 15:16

The Reserve Bank of India's Monetary Policy Committee (MPC) is expected to make a decision on interest rates on Wednesday, amid concerns about inflation and the Middle East crisis.

Dev Accelerator Plans Rs 125 Cr IPO for Flexible Office Spaces

October 5, 2024 13:09

Dev Accelerator Ltd, a flexible office space provider, is set to raise Rs 125 crore through an IPO. The funds will be used to expand its footprint in major cities across India and enhance its...

SBI Classifies MTNL Loan as NPA, Threatens Legal Action

October 4, 2024 20:48

SBI has declared MTNL's loan accounts as sub-standard NPAs due to non-payment of installments and interest. The bank has threatened legal action if MTNL fails to make scheduled payments.

Piramal Capital Raises USD 150 Million from Bond Sale

October 4, 2024 17:55

Piramal Capital and Housing Finance raises USD 150 million through a global bond sale, achieving a better pricing than previous issuance. The company targets 10-12% of its borrowing from...

HDFC Bank Loan Growth 7%, Deposits Up 15.4% in Q2

October 4, 2024 16:39

HDFC Bank reports 7% loan growth and 15.4% deposit increase in Q2 FY24. The bank's average deposits reached Rs 23.53 lakh crore. Read more.

India Inc Credit Profile Improves on Growth: Crisil Ratings

October 1, 2024 17:19

India Inc's credit profile improved in H1 FY25 due to strong economic growth, led by government infrastructure investment and private consumption. Crisil Ratings expects further improvement.

Aditya Infotech Files Rs 1,300 Crore IPO with Sebi - PTI

October 1, 2024 13:52

Aditya Infotech has filed draft papers with Sebi for a Rs 1,300 crore IPO, comprising a fresh issue and an offer for sale (OFS). The company offers video security solutions under the 'CP PLUS' brand.

India's Current Account Deficit Widens to 1.1% of GDP

September 30, 2024 17:05

India's current account deficit widened to 1.1% of GDP in April-June 2024, driven by a rise in merchandise trade gap. The RBI attributed the widening to increased trade gap, net services receipts...

India's Fiscal Deficit Reaches 27% of Target in Apr-Aug

September 30, 2024 16:38

India's fiscal deficit reached 27% of the full-year target in April-August, indicating a widening gap between government revenue and expenditure. The deficit stood at Rs 4,35,176 crore as of...

IL&FS Appoints Nand Kishore as CMD

September 30, 2024 15:22

IL&FS Group has appointed Nand Kishore as its new Chairman and Managing Director, effective October 1. Kishore, currently the Managing Director, takes over from CS Rajan, who served for six...

China Cracks Down on Officials to Revive Economy

September 27, 2024 19:14

China's Communist Party is urging officials to take action to revive the struggling economy, focusing on the real estate market and easing monetary policy.

Indogulf Cropsciences Files IPO to Raise Rs 200 Cr

September 26, 2024 19:46

Indogulf Cropsciences, a crop protection products manufacturer, has filed IPO papers with Sebi to raise Rs 200 crore. The funds will be used for working capital, debt repayment, and expansion.

Govt Retains Borrowing Target: Rs 6.61 Lakh Crore in H2

September 26, 2024 18:28

India's government plans to raise Rs 6.61 lakh crore through dated securities in H2 of 2024-25 to fund the revenue gap and boost economic growth. The total borrowing target for the fiscal year...

M&B Engineering Files Rs 653 Crore IPO - Business Standard

September 25, 2024 18:00

M&B Engineering has filed draft papers with SEBI for an IPO to raise Rs 653 crore. The IPO includes fresh issue of equity shares and an offer for sale by promoters.

Diamond Industry Faces 25-27% Revenue Decline in FY25

September 25, 2024 15:00

India's diamond polishing industry is expected to see a significant revenue decline in FY25 due to weak demand, falling prices, and rising popularity of lab-grown diamonds.

REC Raises USD 500 Million via Global Notes

September 24, 2024 19:30

REC Ltd announces the issuance of USD 500 million in global notes under its USD 10 billion program. The funds will be used to finance eligible green projects, supporting sustainable development.

Leela Palaces Parent Files IPO for Rs 5,000 cr

September 22, 2024 20:28

Schloss Bangalore, operator of Leela Palaces Hotels & Resorts, files IPO papers with Sebi, aiming to raise Rs 5,000 crore. The IPO includes a fresh issue and an offer for sale.

Ellenbarrie Industrial Gases IPO: Rs 400cr Fresh Issue & OFS

September 19, 2024 17:20

Ellenbarrie Industrial Gases plans to raise Rs 400 crore through an IPO, including a fresh issue and an offer for sale. The company will use the proceeds for debt repayment, expansion, and general...

Afcons Infrastructure, 4 Others Get Sebi's Nod for IPOs

September 16, 2024 20:13

Sebi approves IPOs for Afcons Infrastructure, Godavari Biorefineries, Shivalik Engineering, Quadrant Future Tek, and Enviro Infra. Learn more about the IPO details and fundraising plans.

GST Compensation Cess GoM: Finance Minister to Convene, Future of Levy to be Decided

September 15, 2024 10:33

A Group of Ministers (GoM) will be convened by Union Minister of State for Finance Pankaj Chaudhary to decide on the future of GST compensation cess, apportionment between Centre and states, and...

Vastu Housing Finance Secures USD 50 Million Loan for Affordable Housing

September 12, 2024 21:49

Vastu Housing Finance to borrow USD 50 million from USIDFC for affordable housing, focusing on low-income borrowers and women's home ownership in Tier II to IV towns across India.

Pakistan Cuts Interest Rates by 200 bps to 17.5%

September 12, 2024 20:41

Pakistan's central bank reduced its key policy rate by 200 basis points to 17.5%, aiming to stimulate economic growth and curb inflation. The move follows pressure for a major rate cut and a recent...

Western Carriers Raises Rs 400 Crore for Debt, Capital Expenditure

September 12, 2024 15:07

Western Carriers, a Kolkata-based logistics firm, plans to raise Rs 400 crore through a public issue to retire debt and fund capital expenditure plans. The company will also prepay a portion of...

US Wants India as 'BFF', Ties Won't Change: Envoy

September 11, 2024 21:32

US Ambassador Eric Garcetti says US wants a 'BFF' relationship with India, with no change in ties despite a new president. He emphasizes reducing dependence on a single country for economic and...

Ventive Hospitality Files for Rs 2,000 Cr IPO - Sebi

September 10, 2024 17:28

Ventive Hospitality, a joint venture of Blackstone and Panchshil Realty, has filed IPO papers with Sebi to raise Rs 2,000 crore. The IPO will be used for debt repayment and includes a pre-IPO...

PN Gadgil Jewellers Raises Rs 330 Cr from Anchor Investors Ahead of IPO

September 9, 2024 22:31

PN Gadgil Jewellers has raised Rs 330 crore from anchor investors ahead of its IPO. The IPO, which opens on September 10, is expected to raise Rs 1,100 crore.

Declining Bank Credit Hurts Exporters: Meeting with Goyal on Sep 11

September 8, 2024 16:06

Exporters are facing a decline in bank credit, impacting their ability to compete globally. The issue will be raised in a meeting with Commerce Minister Piyush Goyal on September 11.

Shriram Finance to Raise USD 1 Billion Overseas

September 8, 2024 15:31

Shriram Finance plans to raise USD 1 billion from overseas in the next six months to fund business growth. The NBFC will also raise funds from development financial institutions like ADB, Kfw, and...

PN Gadgil Jewellers' Rs 1,100-cr IPO Opens Sep 10

September 5, 2024 15:19

PN Gadgil Jewellers' Rs 1,100 crore IPO opens on September 10th. The IPO aims to raise funds for expansion and debt reduction. Learn more about the offering and company details.

Domestic Savings to Remain Top Lender: RBI

September 3, 2024 14:21

RBI Deputy Governor Patra says domestic savings will continue to be the main source of financing for India's economy in the coming decades, despite recent changes in household savings patterns.

Domestic Saving to Remain Top Lender in India: RBI

September 3, 2024 14:20

RBI Deputy Governor Michael Patra says domestic saving will continue to be the primary source of financing for India's economy in the coming decades, driven by rising incomes and household wealth.

CCD Cafe Count Drops, Vending Machines Rise in FY24

September 3, 2024 14:09

Cafe Coffee Day (CCD) outlets declined to 450 in FY24, while operational vending machines increased to 52,581. CCD's presence also shrunk to 141 cities. Read more.

IREDA to Raise Rs 29,500 Cr in Debt, Equity in FY25

September 2, 2024 22:17

IREDA plans to raise Rs 25,000 crore through debt and Rs 4,500 crore through equity in FY25, aiming to expand its reach in the international market.

Himachal Govt Raises Rs 21,366 Cr in Loans: CM Sukhu

August 30, 2024 21:31

Himachal Pradesh government raised Rs 21,366 crore in loans in the last 20 months, repaid Rs 5,864 crore, leaving a net borrowing of Rs 15,502 crore, CM Sukhvinder Singh Sukhu informed Vidhan Sabha.

India's Fiscal Deficit Hits 17.2% in First 4 Months: CGA Data

August 30, 2024 18:43

India's fiscal deficit reached 17.2% of the full-year target in April-July, driven by lower capital expenditure and higher revenue receipts. Learn more about the fiscal deficit and its impact on...

NHPC Raises Borrowing Limit to Rs 50,000 Cr

August 29, 2024 20:07

NHPC shareholders approved increasing the company's borrowing limit to Rs 50,000 crore, enabling further investments in ongoing and new projects.

RBI Allows Foreign Investors in IFSC to Invest in Sovereign Green Bonds

August 29, 2024 18:19

The Reserve Bank of India has introduced a scheme permitting foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds, facilitating wider...

MTNL Accounts Frozen by Union Bank Over Dues

August 28, 2024 21:41

Union Bank of India has frozen MTNL accounts due to non-payment of dues, adding to the telecom firm's financial woes. The company owes over Rs 400 crore to various banks.

GST Council to Discuss Rate Rationalization on Sep 9

August 27, 2024 19:42

India's GST Council will meet on September 9 to discuss rate rationalization and compensation cess on luxury and sin goods. The Finance Minister has stated that a final decision will be taken later.

National Infrastructure Trust Files Rs 1,600 Crore IPO

August 27, 2024 12:19

National Infrastructure Trust, backed by Gawar Construction, files draft papers with Sebi for a Rs 1,600 crore IPO, comprising a fresh issue and an OFS. Proceeds will be used for loan pre-payment...

SFBs Loan Growth to Moderate in FY25: Crisil Ratings

August 26, 2024 20:04

Crisil Ratings forecasts a moderation in loan growth for Small Finance Banks (SFBs) to 25-27% in FY25, driven by factors like segmental and geographical expansion. The report also highlights the...

Goyal: Stock Market Investors Know the Risks and Rewards

August 23, 2024 20:57

Commerce Minister Piyush Goyal says stock market investors are aware of risks and rewards, dismissing concerns about speculative bets and highlighting India's growth story.

Power Grid Corp Raises Borrowing Limit to Rs 15,000 Cr

August 23, 2024 19:15

Power Grid Corporation of India has received shareholder approval to increase its borrowing limit to Rs 15,000 crore for the 2024-25 fiscal year, enabling the company to fund its expansion plans.

Anil Ambani: Sebi Orders RHFL Management Defied Board on Lending

August 23, 2024 18:37

Sebi finds Anil Ambani behind fund diversion at RHFL, alleging management defied board diktat on lending practices and approved loans to unworthy creditors.

Pakistan Seeks USD 4 Billion Loan from Middle East Banks

August 23, 2024 15:49

Pakistan seeks a USD 4 billion loan from Middle East banks to meet financial obligations, as the IMF approval of a USD 7 billion EFF is delayed. The country also faces high financing costs due to...

NBFC Asset Growth to Moderate in FY25, NPAs Likely to Rise: Icra

August 21, 2024 17:50

Icra Ratings forecasts a slowdown in NBFC asset growth in FY25, with NPAs expected to rise due to factors including regulatory measures and concerns over unsecured and top-up loans. The sector...

Byju's Salary Delay: SC Order & BCCI Dispute - Raveendran Explains

August 20, 2024 21:10

Byju's CEO Byju Raveendran explains why July salaries haven't been paid due to a Supreme Court order on the BCCI settlement. Learn about the ongoing legal disputes and financial challenges facing...

Indian Cos Capex: USD 45-50 Billion Over 2 Years, RIL Leads - Moody's

August 20, 2024 16:37

Moody's forecasts Indian companies to spend USD 45-50 billion annually on capex over the next 1-2 years, led by Reliance Industries. The report highlights the oil and gas sector's significant role...

Kalpataru Posts Rs 100.74 Cr Loss Ahead of IPO

August 20, 2024 15:15

Real estate firm Kalpataru Ltd reported a net loss of Rs 100.74 crore in FY24, despite preparing for an IPO to raise Rs 1,590 crore to reduce debt.

Banks Tap Alternative Sources as Deposits Slow: RBI

August 19, 2024 20:54

RBI reports banks are turning to commercial paper and certificates of deposit as deposit growth lags credit expansion, prompting concerns about liquidity.

Private Capex to Surge 54% in FY25: RBI

August 19, 2024 20:37

RBI paper projects a 54% jump in private capex to Rs 2.45 lakh crore in FY25, driven by rising domestic demand and government infrastructure push.

Sebi Issues Guidelines for Borrowing by Category I, II AIFs

August 19, 2024 17:14

Sebi has issued new guidelines for borrowing by Category I and II AIFs, including maximum permissible limit for tenure extension by LVFs. Read more to understand the regulations.

Smartworks Coworking IPO: Rs 50 cr Loss Despite Revenue Growth

August 19, 2024 12:58

Smartworks Coworking Spaces, set to launch its IPO, reported a Rs 50 crore loss last fiscal despite revenue growth, attributed to higher expenses. The company plans to utilize IPO proceeds for...

SBI Hikes Lending Rate: EMIs Rise for Borrowers | Latest News

August 16, 2024 12:30

State Bank of India (SBI) raises its MCLR by 10 bps across tenors, impacting consumer loans. This is the third consecutive hike, making EMIs costlier for borrowers. Learn more about the new rates...

SBI, PNB in Talks to Resolve Karnataka Ban Issue

August 15, 2024 17:45

SBI and PNB are in discussions with the Karnataka government to resolve a ban on transactions following a scam involving bank employees.

Kalpataru Ltd Files IPO to Raise Rs 1,590 Cr - Real Estate News

August 15, 2024 12:27

Realty firm Kalpataru Ltd plans to raise up to Rs 1,590 crore through an IPO to reduce debt. The Mumbai-based company has filed a draft prospectus with SEBI.

Maharashtra Fiscal Deficit & Lower Capex in FY25: Report

August 12, 2024 21:15

A report highlights higher welfare spending in Maharashtra may lead to a fiscal deficit exceeding the target and a reduction in capital expenditure in FY25.

India Can Reach $55 Trillion Economy by 2047: IMF

August 12, 2024 19:48

IMF Executive Director Subramanian says India can become a $55 trillion economy by 2047 with sustained 8% growth, highlighting the potential of compounding and the need for government investment in...

Godrej Industries to Raise Rs 3,000 Cr Through Debt Instruments

August 12, 2024 18:27

Godrej Industries plans to raise up to Rs 3,000 crore through issuance of debt instruments, seeking shareholder approval for the move. The funds will be used for business purposes, investments, and...

Ola Electric Shares Surge 20% on Listing Day Gains

August 12, 2024 11:53

Ola Electric shares extended their listing-day rally, surging 20% to hit the upper circuit limit, boosting the company's market valuation to Rs 48,258.89 crore.

Ola Electric Shares Jump 11% on Market Debut

August 9, 2024 10:57

Ola Electric Mobility shares opened flat but surged nearly 11% on their market debut, exceeding the IPO price. The company raised Rs 6,145 crore in its IPO, the first by an electric vehicle maker.

RBI Holds Rates, Focus on Inflation: Experts

August 8, 2024 16:36

RBI maintains status quo on repo rate, prioritizes inflation control for sustained growth. Experts weigh in on the decision and its implications for the Indian economy.

RBI Keeps Repo Rate Unchanged, Stable Mortgage Rates to Boost Housing Demand

August 8, 2024 16:11

RBI's decision to keep the repo rate unchanged at 6.5% will maintain affordable borrowing costs for homebuyers, leading to continued strong demand in the housing market. Real estate developers...

Sebi Extends Tenure Limit for Large Value Funds

August 8, 2024 15:43

Sebi has amended AIF rules, allowing Large Value Funds for accredited investors to extend their tenure up to 5 years with two-thirds unit holder approval. The regulator also eased borrowing rules...

India's Forex Reserves Hit Record High of $675 Billion - RBI Governor

August 8, 2024 11:28

India's foreign exchange reserves reached a record high of USD 675 billion on August 2, according to RBI Governor Shaktikanta Das. The previous high was USD 670.857 billion on July 19.

Ola Electric IPO Over-Subscribed: Rs 6,145 cr Offer Gets 4.27 Times Subscription

August 6, 2024 19:57

Ola Electric Mobility's Rs 6,145 crore IPO received 4.27 times subscription on the last day of the offer. The IPO will help the company expand its cell manufacturing capacity and invest in R&D.

MTNL Defaults on Rs 422 Crore Bank Loan: Telecom Firm Faces Financial Crisis

August 5, 2024 22:16

State-owned telecom company MTNL has defaulted on Rs 422.05 crore in bank loan payments, including principal and interest. The company faces a financial crisis with total borrowings exceeding Rs...

Ola Electric IPO Fully Subscribed: Rs 6,145 Crore Raised

August 5, 2024 18:31

Ola Electric Mobility's IPO was fully subscribed on Day 2, driven by retail and non-institutional investor demand. The IPO raised Rs 6,145 crore, with plans for cell manufacturing expansion and R&D.

IMF Praises Sri Lanka's Recovery, Calls for More Revenue

August 2, 2024 18:57

The IMF commends Sri Lanka's economic recovery under its bailout program, highlighting positive outcomes like GDP growth and inflation control. However, it emphasizes the need for further revenue...

Finance Minister to Address RBI Board on Aug 10

August 2, 2024 18:31

Finance Minister Nirmala Sitharaman will address the Reserve Bank of India's central board on August 10, discussing key points of the Budget FY25, including fiscal consolidation roadmap.

Ola Electric IPO Subscribed 35% on Day 1

August 2, 2024 18:03

Ola Electric Mobility's IPO received a muted response from investors on Day 1, with the issue being subscribed 35%. Retail portion was fully subscribed.

Ola Electric IPO: Rs 2,763 cr Raised from Anchor Investors

August 1, 2024 22:06

Ola Electric Mobility has raised Rs 2,763 crore from anchor investors ahead of its IPO, which opens for public subscription on August 2. The IPO will fund expansion of its cell manufacturing plant...

Gold Price Jumps Rs 550, Silver Rallies 600

August 1, 2024 19:11

Gold prices surged Rs 550 to Rs 72,500 per 10 grams on Thursday driven by domestic demand and positive global trends. Silver also rallied, rising Rs 600 per kg.

Paras Healthcare IPO: Rs 400 Cr Fresh Issue, Sebi Filing

August 1, 2024 14:02

Paras Healthcare, running 'Paras Health' hospital chain, files IPO papers with Sebi, aiming to raise Rs 400 crore via fresh issue. The IPO includes an offer for sale by promoters and investors.

India's Fiscal Deficit Reaches 8.1% in Q1 FY25: CGA Data

July 31, 2024 17:19

India's fiscal deficit reached 8.1% of the full-year target in the first quarter of FY25, according to CGA data. The government aims to bring down the fiscal deficit to 4.9% of GDP in FY25.

Rupee Edges Up 1 Paisa to 83.72 vs US Dollar

July 30, 2024 16:02

The Indian rupee appreciated slightly against the US dollar on Tuesday, closing at 83.72, driven by positive domestic market sentiment and expectations of a potential US Fed rate cut.

Kerala Seeks Rs 24,000 Crore Financial Package from Centre

July 30, 2024 15:23

Kerala has requested a Rs 24,000 crore special financial package from the Centre, along with Rs 5,000 crore for the Vizhinjam Port region. Andhra Pradesh and Bihar also sought financial assistance...

Ola Electric IPO: Price Band Fixed, Gigafactory to Start Early 2025

July 29, 2024 20:16

Ola Electric sets IPO price band at Rs 72-76, raising Rs 6,100 crore. Gigafactory operations to begin early 2025. Learn more about the IPO and Ola's growth plans.

India's Debt to Reach Rs 185 Lakh Cr in FY25: Govt

July 29, 2024 14:51

India's government estimates its debt to rise to Rs 185 lakh crore in FY25, reaching 56.8 per cent of the GDP. The debt includes external borrowing, public account liabilities, and other liabilities.

NFIR Bill in Advanced Stage: Likely to be Introduced in Next Session

July 28, 2024 14:37

The Bill for establishing a National Financial Information Registry (NFIR) is nearing completion and could be introduced in the next Parliamentary session. The NFIR aims to streamline credit flow,...

Ola Electric IPO: Rs 5,500 cr Raise for Cell Plant, R&D

July 28, 2024 13:14

Ola Electric Mobility to launch IPO on August 2, raising Rs 5,500 crore to expand its cell manufacturing plant and invest in R&D for future technologies.

NHAI Not Facing Financial Crisis: Gadkari

July 25, 2024 15:12

NHAI is not facing a financial crisis and has a plan to service its debt through improved toll revenue and asset monetization, says Union Minister Nitin Gadkari.

Budget Assumes 10.5% Nominal GDP Growth: DEA Secy

July 24, 2024 20:44

India's budget assumes a nominal GDP growth rate of 10.5%, deemed reasonable by the DEA Secretary, to maintain fiscal prudence and avoid a larger deficit. The government has also lowered the fiscal...

GNSS-Based Toll Collection on NHs: Gadkari's Announcement

July 24, 2024 17:20

India's road ministry plans to implement a GNSS-based toll collection system on select national highways, complementing FASTag. The announcement was made by Union Minister Nitin Gadkari.

Piramal Cap Raises USD 300 Million in Maiden Overseas Bond Issue

July 24, 2024 15:19

Piramal Capital has raised USD 300 million in its first overseas bond issuance, aiming to diversify its liabilities and fund small businesses and affordable housing. The company plans another...

India Budget: Well-Defined & Responsible, Attracts FDI - USISPF

July 24, 2024 05:51

The USISPF praises India's budget for its focus on job creation, skilling, and attracting FDI, predicting increased investment and a boost to the economy.

Modi 3.0 Budget: Well-Defined & Responsible, Attracts FDI - USISPF

July 24, 2024 05:49

The USISPF president hails India's budget as well-defined and responsible, highlighting its focus on job creation, skilling, and attracting foreign direct investment. The budget aims to drive...

Budget 2023: Bankers Laud Growth Focus, Fiscal Discipline

July 23, 2024 19:44

Indian bankers have lauded the Union Budget 2023, commending its focus on growth and infrastructure development while maintaining fiscal discipline. They highlight positive implications for the...

Union Budget 2024-25 Hailed by Karnataka Industry Bodies

July 23, 2024 17:22

Industry bodies in Karnataka, including BCIC, FKCCI, and KASSIA, have lauded the Union Budget 2024-25, highlighting its focus on MSME development, job creation, and economic growth.

Modi 3.0 Budget: Tax Relief, Job Scheme & More

July 23, 2024 15:07

India's Finance Minister Nirmala Sitharaman unveiled Modi 3.0 government's first budget, focusing on tax relief for middle class, a Rs 2 lakh crore job creation scheme, and infrastructure spending.

Govt Cuts Borrowing Target for FY25 to Rs 14.01 Lakh Cr

July 23, 2024 14:48

India's government has revised its borrowing target for FY25 downward to Rs 14.01 lakh crore, reflecting improved tax collection. The move aims to reduce the fiscal deficit and maintain economic...

Union Budget 2024-25: Direct & Indirect Taxes Drive Govt Revenue

July 23, 2024 14:34

India's Union Budget 2024-25 relies heavily on direct and indirect taxes, contributing 63 paise per rupee. Learn about the breakdown of revenue sources and expenditure allocation.

India's Fiscal Deficit Estimated at 4.9% in FY25: Sitharaman

July 23, 2024 12:22

Finance Minister Nirmala Sitharaman presented the Union Budget for 2024-25, outlining a fiscal deficit target of 4.9% of GDP and other key economic figures.

India Budget 2024: Key Numbers & Fiscal Outlook

July 23, 2024 09:57

India's Finance Minister presents the 2024 budget, focusing on fiscal deficit, capital expenditure, tax revenue, and growth projections for the world's fastest-growing economy.

India Budget 2024: Key Numbers to Watch

July 22, 2024 19:48

India's Finance Minister will present the 2024 Budget, focusing on 'Viksit Bharat'. Key areas include fiscal deficit, capital expenditure, tax revenue, and GST.

USIBC Recommends PLI for Media, Entertainment in Budget

July 21, 2024 12:48

The US India Business Council (USIBC) urges India to introduce production-linked incentives for the media and entertainment industry in the upcoming Budget, aiming to position India as a leading...

Pearl Global Raises Rs 149.5 cr Through QIP

July 20, 2024 13:50

Pearl Global Industries has raised Rs 149.50 crore through a QIP issue. The funds will be used for debt repayment, inorganic growth, and other corporate purposes.

HDFC Bank to Slow Loan Growth, Focus on CD Ratio

July 18, 2024 22:08

HDFC Bank aims to reduce its credit-to-deposit ratio to pre-merger levels, prioritizing profitability and liquidity buffers. The bank will focus on granular deposit mobilization and cross-selling...

Union Budget 2024: Yashwant Sinha on Inflation, Growth & Poverty

July 18, 2024 21:24

Former Finance Minister Yashwant Sinha calls for a Union Budget focusing on taming inflation, boosting economic growth to 8% and addressing concerns on poverty eradication. He also questions the...

Financial Inclusion: AIBOC Urges Expanding Credit Access for Small Borrowers

July 18, 2024 17:42

AIBOC emphasizes the need for expanding financial inclusion and meeting credit needs of small borrowers, highlighting concerns over NBFCs' high interest rates and the impact of bank mergers on...

Vedanta QIP Oversubscribed: Rs 23,000 cr Bids for Rs 8,000 cr Offer

July 18, 2024 15:42

Vedanta's qualified institutional placement (QIP) of Rs 8,000 crore received bids worth Rs 23,000 crore, with strong interest from FIIs and domestic investors. The QIP will help the company...

India Budget 2023: Fiscal Deficit Target to be Lowered to 4.9-5% - ICRA

July 16, 2024 14:52

ICRA expects India's fiscal deficit to be lowered to 4.9-5% of GDP in the upcoming Budget, aided by revenue buoyancy. The government aims to achieve a fiscal deficit of 4% by FY26.

RBI Revises Fraud Norms: Banks Must Hear Borrowers First

July 15, 2024 20:16

The Reserve Bank of India (RBI) has revised its fraud risk management guidelines to incorporate a Supreme Court ruling requiring banks to hear borrowers before classifying accounts as fraudulent.

COP29 Baku: Finance Deal Key to Climate Action - Former Maldives Prez

July 14, 2024 15:41

Former Maldives President Nasheed warns of tough COP29 negotiations in Baku, emphasizing the need for a new finance goal to break the climate impasse. He calls for a climate damages tax on oil...

PM Modi's UDAY Scheme: A Transformative Approach

July 13, 2024 15:06

Explore how PM Modi's innovative approach led to the UDAY scheme, a transformative initiative aimed at reviving India's power sector. Learn about the challenges, solutions, and the collaborative...

Union Budget 2024: Economic Vision, Political Themes Key - Nomura

July 11, 2024 17:48

Nomura highlights key aspects to watch in the upcoming Union Budget, including the new government's economic vision and managing political themes. The brokerage expects muted returns on equities in...

Power Grid Corp Raises Borrowing Limit to Rs 15,000 cr for FY25

July 10, 2024 21:00

Power Grid Corporation board approves a proposal to increase the borrowing limit to Rs 15,000 crore for FY25 from Rs 12,000 crore. The board also fixed the borrowing limit at Rs 16,000 crore for FY26.

Sebi Expert Group Discusses Proposals to Tame F&O Frenzy

July 7, 2024 15:00

Sebi's expert group is discussing 7 proposals to protect investors from risks in index and stock option trading, including rationalization of options and strike prices, and increased margin...

Future Consumer Defaults on Rs 449 Crore Payments

July 6, 2024 19:06

Future Consumer, FMCG arm of debt-ridden Future Group, has defaulted on payments of Rs 449.04 crore to banks and bondholders until June-end. The company is working on asset monetization and debt...

BSE Market Cap Hits Record High: Rs 447.40 Lakh Cr

July 4, 2024 18:20

The market capitalisation of BSE-listed firms reached an all-time high of Rs 447.40 lakh crore on Thursday, driven by a strong performance of the Sensex. Read more about this milestone.

Kerala Govt to Re-prioritize Activities After LS Poll Outcome

June 30, 2024 17:24

Kerala Finance Minister KN Balagopal says the state government will re-prioritize its activities following the Left Front's poor showing in the Lok Sabha elections. Read more.

Kerala Demands State-Specific Funds for Development

June 30, 2024 16:24

Kerala Finance Minister K N Balagopal calls for a state-specific financial approach from the Centre, highlighting the state's financial challenges and need for flexible CSS utilization.

FPIs Invest Rs 26,565 Crore in Indian Equities in June

June 30, 2024 10:55

Foreign portfolio investors (FPIs) invested Rs 26,565 crore in Indian equities in June, driven by political stability and a rebound in markets. The focus now shifts to budget and Q1 FY25 earnings,...

Republican Congressman Demands Adani Records...

Rep. Gooden urges DOJ to preserve records related to the Adani Group investigation,...

Optiemus to Manufacture KunWay Drones in India

Optiemus Infracom's subsidiary will manufacture and sell drones from Taiwan-based...

L''T HR Head Defends Chairman on 90-Hour Work Week

L''T's HR head clarifies that Chairman SN Subrahmanyan's 90-hour work week comments...

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