Search result for 'restructuring'

Ola Electric Subsidiary Faces Insolvency Proceedings

March 15, 2025 23:07

Rosmerta Digital Services Ltd has filed for insolvency proceedings against Ola Electric Technologies Pvt Ltd, alleging default in payment for services rendered. Ola Electric disputes the claims and...

Sebi Expands UPSI Scope: Fundraising, Restructuring

March 13, 2025 15:44

Sebi broadens the definition of Unpublished Price Sensitive Information (UPSI) to include fundraising, restructuring, and other events impacting company management and control. The new rules come...

IL''FS InvIT Roadstar Infra Lists on NSE

March 11, 2025 16:13

IL''FS InvIT''s Roadstar Infra Investment Trust has been listed on NSE, marking a significant step in the company's debt restructuring efforts.

WazirX Founder: 'Hopeful' of Scheme Approval, Won't Rejoice

March 10, 2025 17:39

WazirX founder Nischal Shetty says the company is hopeful of securing user votes for its scheme of arrangement to rebuild after a $230 million crypto heist, promising to return 85% of funds...

IMF Stresses Sri Lanka's Reform Agenda - PTI

March 8, 2025 18:42

The IMF has stressed the need for Sri Lanka to sustain its reform agenda linked to the global lender's bailout program, focusing on sustainable and equitable growth.

Castrol India Stock Surges on Aramco's BP Lubricant Bid

March 6, 2025 13:55

Castrol India stock skyrocketed over 13% on news of Aramco's potential acquisition of BP's lubricant division, which operates under the Castrol brand. The move could see Castrol assets combined...

Ola Electric Cuts 1,000 Jobs in Restructuring

March 3, 2025 15:55

Ola Electric is cutting around 1,000 jobs as part of a restructuring exercise to reduce losses. This follows a previous round of job cuts in 2024.

IMF Mission Begins Pakistan Loan Review, Govt Optimistic

March 3, 2025 14:41

An IMF mission has begun a review of Pakistan's USD 7 billion loan, with the government optimistic about securing a USD 1.1 billion tranche.

IMF: Countries Need Sustainable Debt, Fiscal Buffers - G20 Meeting

February 28, 2025 03:22

IMF Managing Director Kristalina Georgieva urged G20 countries to prioritize sustainable public debt, rebuild fiscal buffers, and implement reforms for growth at the G20 Finance Ministers meeting.

Subbarao Urges Code of Conduct on Freebies

February 21, 2025 21:52

Former RBI Governor D Subbarao calls for a code of conduct on freebies, urging PM Modi and FM Sitharaman to collaborate with states to address the issue of 'competitive populism' and unsustainable...

Bajaj Auto to Invest Euro 150 Million in Netherlands Arm

February 21, 2025 16:27

Bajaj Auto's board has approved an investment of up to Euro 150 million (Rs 1,364 crore) in its Netherlands-based arm, Bajaj Auto International Holdings BV, to fund investment opportunities.

Navi Group Appoints New CEOs for Navi Technologies & Finserv

February 14, 2025 19:22

Navi Group announces restructuring, appointing Rajiv Naresh as CEO of Navi Technologies and Abhishek Dwivedi as CEO of Navi Finserv. Sachin Bansal, founder, will continue as Executive Chairman.

Harley-Davidson India Comeback? Tariff Cuts & Trump's Reciprocal Policy

February 14, 2025 18:14

India's recent tariff cuts on imported premium bikes raise hopes for Harley-Davidson's return, fueled by Trump's reciprocal trade policies. Will the iconic brand make a comeback?

A B Cotspin Secures 500 Metric Tonne Cotton Yarn Order

February 10, 2025 13:11

A B Cotspin has secured a Rs 15 crore order to supply 500 metric tonnes of cotton yarn, reinforcing its position as a leading textile manufacturer. The order contributes to the company's growth...

Skill India Programme Gets Rs 8,800 Crore Boost

February 7, 2025 20:52

The Union Cabinet approved the continuation and restructuring of the Skill India Programme till 2026 with an outlay of Rs 8,800 crore, focusing on demand-driven and industry-aligned training.

Sri Lanka Prez Calls for Unity to Achieve Economic Freedom

February 4, 2025 12:02

Sri Lankan President Anura Kumara Dissanayake emphasizes the need for national unity to achieve economic freedom, addressing the nation's economic challenges and the need for a united front against...

India Budget 2025: Tax Cuts, Growth, and the Middle Class

February 2, 2025 19:43

Finance Minister Nirmala Sitharaman discusses the 2025 Indian budget, focusing on tax cuts, growth projections, and the impact on the middle class. Read the full interview transcript.

Budget 2025: By the People, for the People, Says Sitharaman

February 2, 2025 16:48

Finance Minister Nirmala Sitharaman describes Union Budget 2025 as 'by the people, for the people', highlighting tax relief for the middle class and increased capital spending.

Union Budget 2025-26: By the People, For the People

February 2, 2025 16:10

Finance Minister Nirmala Sitharaman discusses the Union Budget 2025-26, highlighting tax relief for the middle class and increased capital spending.

Civil Aviation Budget: Rs 2,400 cr Allocation, UDAN Gets Rs 540 cr

February 1, 2025 14:33

India's civil aviation ministry received a Rs 2,400.31 crore budget for 2025-26, with UDAN allocation reduced to Rs 540 crore. The scheme will connect 120 new destinations.

Economic Survey Focuses on AI, Infra Spending

January 31, 2025 20:05

Experts praise India's Economic Survey for its focus on AI, innovation and infrastructure spending, aiming for a 6.3-6.8% growth in the coming fiscal.

Hero MotoCorp Rejigs Top Deck, Forms EV Unit

January 31, 2025 20:02

Hero MotoCorp announces leadership changes, appoints Vikram Kasbekar as acting CEO and creates an independent EV & Emerging Mobility Business Unit.

ARCs' Recovery Rate to Surge for Second Year: Report

January 30, 2025 16:40

India's asset reconstruction companies (ARCs) are set to see a significant jump in recovery rates for the second consecutive year, fueled by improved performance in infrastructure sectors and other...

NCLAT Overturns Valuation Order in Educomp Case

January 27, 2025 16:46

The NCLAT has set aside the order for a fresh valuation of shares held by Educomp Solutions's subsidiary in a US firm, ruling that the NCLT lacked jurisdiction.

Himachal Cabinet Approves Cannabis Cultivation Pilot Study

January 24, 2025 19:23

Himachal Pradesh Cabinet approves a pilot study on cannabis cultivation for industrial and medicinal use. The study will be conducted by two universities and the Agriculture Department.

WazirX Asset Recovery: Singapore Court Approves User Meeting

January 23, 2025 20:42

Singapore court allows WazirX parent to hold a meeting with users to discuss a scheme for recovering over USD 230 million stolen assets. The meeting aims to provide quick and fair recoveries for...

Reliance Back on Growth Path: Catalysts for Performance

January 19, 2025 10:30

Reliance Industries Ltd is back on a growth path, with brokerages citing multiple catalysts for strong performance. Key drivers include retail, new energy, and digital.

WazirX Freezes USD 3 Million Stolen Funds

January 17, 2025 21:47

Cryptocurrency exchange WazirX has frozen the first tranche of USD 3 million stolen during a cyberattack in 2024, with efforts underway to recover more funds.

Spencer's Retail Narrows Q3 Loss, Enters Quick Commerce

January 16, 2025 18:03

Spencer's Retail reduced its Q3 net loss to Rs 47.34 crore and launched 'Jiffy', a quick commerce service in West Bengal. The company also plans to expand into Uttar Pradesh.

Network18 Media Reports Rs 1,360.50-cr Revenue in Q3

January 14, 2025 20:24

Network18 Media & Investments Ltd reported a loss of Rs 1,400 crore in the December quarter, but revenue from operations was Rs 1,360.50 crore. The company's digital business is gaining momentum.

Pakistan Cuts 150,000 Jobs in Cost-Cutting Drive

January 7, 2025 19:29

Pakistan's government announced the elimination of 150,000 jobs as part of a cost-cutting measure, reducing the size of affiliated agencies by half. The move aims to improve efficiency and shift...

Rajputana Stainless Files IPO Papers with SEBI

January 3, 2025 18:27

Rajputana Stainless Ltd files IPO papers with SEBI to raise funds for expansion and debt repayment. The IPO includes fresh issuance and an Offer-For-Sale.

PVR INOX Restructures Media Biz, Appoints Shalu Sabharwal as Head

December 23, 2024 13:22

PVR INOX announces restructuring of its Rs 600 crore media business, appointing Shalu Sabharwal as head, focusing on deeper market connections and growth.

Govt Infuses Rs 500 Cr in IFCI for Restructuring

December 22, 2024 16:55

Indian government infuses Rs 500 crore in IFCI to improve its financial health ahead of restructuring and consolidation into a group. This will increase the government's stake in IFCI to over 71%.

Sri Lanka Officially Ends Debt Default: Fitch Rating Upgrade

December 21, 2024 17:57

Sri Lanka has officially exited debt default after Fitch Ratings upgraded its credit rating, citing completed debt restructuring and improved macroeconomic indicators. The island nation faced a...

RBI Warns States: Freebies Crowd Out Economic Development

December 19, 2024 18:38

A Reserve Bank report cautions states against excessive freebies, warning they could crowd out critical resources for infrastructure development. The report also highlights concerns about rising...

Sri Lanka Wins IMF Tax Relief: President Dissanayake

December 18, 2024 16:14

Sri Lanka secures IMF tax relief & car import resumption. President Dissanayake announces agreement, including PAYE tax adjustments and debt restructuring for small businesses.

Nissan to Increase Headcount in India Despite Global Cuts

December 15, 2024 11:10

Nissan plans to expand operations in India, adding headcount and production despite global job cuts and production reductions. The company is betting on India's growing car market and is committed...

Sri Lanka Completes ISBs Exchange, Restructuring Debt

December 14, 2024 22:53

Sri Lanka successfully completes its International Sovereign Bonds exchange offer, securing debt restructuring and new securities with 98% participation. This move helps the nation maintain debt...

Dak Sewa is Jan Sewa: India Post to Go Digital, Says Scindia

December 14, 2024 14:10

India Post is undergoing a digital transformation to become a leading logistics corporation, with a focus on e-commerce growth, says Union Minister Jyotiraditya Scindia. The move aims to bridge...

India Needs Investment in Roads, Ports, Energy: Kamath

December 12, 2024 22:36

Veteran banker KV Kamath stresses the need for increased investment in roads, ports, energy, and telecommunications to drive India's economic growth. He also highlights the importance of digital...

Siemens Appoints CFO for Energy Business

December 12, 2024 12:00

Siemens Ltd announces Harish Shekar as CFO for its energy business, effective January 1, 2025. Shekar brings over 27 years of experience in corporate finance, mergers and acquisitions, accounting...

WazirX Parent Seeks Court Approval for User Asset Recovery

December 10, 2024 21:30

Zettai Pte Ltd, parent of WazirX, seeks Singapore court approval for a restructuring plan to recover over USD 230 million stolen from its cryptocurrency exchange platform. The plan aims to provide...

Air India Express Merger Aims for Long-Term Profitability

December 8, 2024 18:28

Air India Express merges with AIX Connect to create a unified budget airline, aiming for sustainable profitability through network expansion and cost optimization. The merger is expected to drive...

RBI Calls for Enforceable CoC Code in Insolvency

December 7, 2024 15:59

RBI Deputy Governor advocates for an enforceable code of conduct for the Committee of Creditors (CoC) under India's Insolvency and Bankruptcy Code (IBC) to improve creditor behavior and enhance...

Sri Lanka Interim Budget Passed Unanimously

December 6, 2024 19:20

Sri Lanka's interim budget for the first four months of 2025 was approved in parliament on Friday, covering debt servicing and government expenditure. The new NPP government aims to complete debt...

Saudi Arabia Extends Pakistan Loan for Another Year

December 6, 2024 16:17

Saudi Arabia has extended a USD 3 billion loan to Pakistan for another year, providing crucial financial support to the cash-strapped nation. The move comes as Pakistan faces mounting debt...

MUFG, Koch Get CCI Nod to Invest in Shiprocket

December 3, 2024 19:10

CCI approves MUFG Bank and Koch Group's acquisition of stakes in logistics platform Shiprocket. The deal will see both entities invest in the Indian company.

KTM Restructuring: No Impact on Bajaj Auto India Business

November 30, 2024 18:35

KTM's restructuring has no impact on Bajaj Auto's business in India, but affects KTM AG operations in Austria, including exports to the US and Europe. Bajaj Auto remains committed to the growth of...

Telcos Debt Hits Rs 4.09 Lakh Cr in FY24: BSNL Lowest

November 27, 2024 17:22

Total debt on major telecom operators in India reached Rs 4.09 lakh crore in FY24, with BSNL recording the lowest at Rs 23,297 crore. Read more about the debt situation of Vodafone Idea, Bharti...

Sri Lanka Ratifies Debt Restructuring: IMF Bailout Key

November 26, 2024 16:46

Sri Lanka's new government has ratified a debt restructuring agreement, a crucial step in securing the fourth tranche of a USD 3 billion IMF bailout package. The agreement, reached under the...

Reliance Refining Margins Recover, Retail Uncertain - JP Morgan

November 24, 2024 12:38

JP Morgan says Reliance's refining margins have rebounded, but retail growth remains uncertain due to a slowdown and restructuring. Reliance's stock is down 22% from its peak.

Ola Electric Cuts 500 Jobs Amidst Restructuring

November 22, 2024 14:04

Ola Electric Mobility is cutting 500 jobs across verticals as part of a restructuring exercise aimed at improving margins and profitability. The job cuts began in September and are expected to be...

DIPAM Revises Capital Restructuring Norms for CPSEs

November 18, 2024 21:43

DIPAM issues revised guidelines for CPSE capital restructuring, mandating higher dividend payouts and introducing share buyback options. Learn more about the new norms.

Reliance Power 'RInfra' Appoint New Board Members

November 18, 2024 19:20

Reliance Power and Reliance Infrastructure have elevated four senior officials to their boards, aiming to create a dynamic team for Vision 2030 Growth Strategy.

PM GatiShakti Evaluates 8 Infrastructure Projects - Road, Rail Included

November 18, 2024 18:58

The Network Planning Group (NPG) under PM GatiShakti has evaluated 8 infrastructure projects, including road and rail projects. These projects are expected to contribute significantly to India's...

IMF Team Reviews Sri Lanka's Economic Reform Program

November 17, 2024 21:27

The IMF team has arrived in Sri Lanka to conduct the third review of the USD 3 billion bailout package, assessing the country's economic reform progress and debt restructuring efforts.

Haryana CM Discusses Power Issues with HERC Chairman

November 16, 2024 14:33

Haryana Chief Minister Naib Saini met with HERC Chairman Nand Lal Sharma to discuss power sector issues, including solar energy promotion, thermal plant improvements, and the 'Har Ghar Surya...

Tata Chemicals Invests Rs 655 cr in New UK Facility

November 12, 2024 22:14

Tata Chemicals' subsidiary TCEL plans to invest Rs 655 crore in a new pharmaceutical grade sodium bicarbonate plant in the UK, tripling its production capacity.

Samvardhana Motherson Q2 Profit Soars to Rs 949 Cr

November 12, 2024 19:08

Samvardhana Motherson International Ltd reported a multi-fold increase in consolidated net profit at Rs 948.81 crore in the September quarter, driven by strong revenue growth.

Air India-Vistara Merger: 5,600 Weekly Flights, 90 Destinations

November 12, 2024 15:29

Air India and Vistara have completed their merger, creating a larger airline operating over 5,600 weekly flights to 90 destinations. The merger brings Singapore Airlines a 25.1% stake in the new...

BoI Q2 Profit Jumps 61% on Non-Core Income

November 11, 2024 20:54

Bank of India reported a 61% surge in Q2 profit, driven by strong non-core income. Core net interest income grew 4%, while advances rose 14.5%. The bank aims to expand its NIM to 2.90% by FY24.

Sebi Expands Scope of Unpublished Price-Sensitive Info

November 10, 2024 11:43

SEBI proposes broadening the scope of Unpublished Price Sensitive Information (UPSI) to include fundraising activities, restructuring plans, and one-time bank settlements.

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...

Hindustan Zinc to Double Production Capacity, Invest USD 2 Billion

October 27, 2024 11:10

Hindustan Zinc plans to invest up to USD 2 billion to double production capacity to 2 million tonnes in the next few years, its CEO Arun Misra said. The company is targeting a production capacity...

Sitharaman Calls for Deeper Dialogue on Debt Relief

October 24, 2024 23:34

India's Finance Minister Nirmala Sitharaman calls for deeper dialogue to help countries manage debt obligations without compromising critical investments at the Global Sovereign Debt Roundtable.

MUFG Bank, Koch Group Seek CCI Nod for Shiprocket Stake

October 24, 2024 18:39

Japan's MUFG Bank and Koch Group have sought approval from the Competition Commission of India to acquire minority stakes in logistics aggregator Shiprocket.

Shiprocket Widens Loss to Rs 595 Cr in FY24

October 23, 2024 21:12

Shiprocket reported a widened loss of Rs 595 crore in FY24 due to restructuring costs, ESOPs, and investments. However, the company saw a 21% revenue growth and is on track for profitability.

HUL Separates Ice Cream Business, Valuation Done

October 23, 2024 19:27

Hindustan Unilever Ltd (HUL) will separate its ice cream business, including brands like Kwality Wall's, Cornetto and Magnum. The decision comes after an independent valuation and aims to maximize...

BEML Targets Rs 900cr Capex, Re-enters Construction Equipment Market

October 23, 2024 18:24

BEML outlines Rs 900 crore capex till FY'25, re-enters construction equipment market with focus on higher capacity products. The company aims to capitalize on the Rs 45,000 crore market opportunity.

DIPAM Bans Officers from Trading in State-Owned Shares

October 20, 2024 10:50

The Department of Investment and Public Asset Management (DIPAM) has prohibited its officials from trading in shares of public sector companies to prevent potential conflicts of interest.

India's Development Aid to Sri Lanka: Investments & Grants

October 15, 2024 20:30

India has completed 60 grant projects in Sri Lanka and is implementing more, emphasizing investment and grants over debt instruments to support the nation's economic recovery.

Gaurs Group to Invest Rs 4,000 Cr in Noida Commercial Project

October 13, 2024 12:45

Gaurs Group, a leading real estate developer, will invest Rs 4,000 crore in a 17-acre commercial project in Noida, boosting its rental income and aiming for an IPO in 18 months.

Sri Lanka Economy Stabilizes: World Bank Predicts 4.4% Growth in 2024

October 10, 2024 15:47

Sri Lanka's economy has stabilized after its 2022 crisis, with the World Bank predicting 4.4% growth in 2024. However, challenges remain, including debt restructuring and poverty reduction.

Sebi Mandates Due Diligence for AIF Investors

October 8, 2024 19:14

Sebi has directed Alternative Investment Funds (AIFs) and their managers to conduct specific due diligence on investors and investments to prevent regulatory circumvention. The guidelines include...

Sri Lanka Debt Restructuring: Jaishankar's Visit Crucial - News

October 8, 2024 16:45

Sri Lanka's Foreign Minister highlights the significance of External Affairs Minister S Jaishankar's visit in finalizing debt restructuring with international bondholders. The visit comes after a...

HeidelbergCement India Stock Surges on Adani Buyout Talks

October 7, 2024 12:10

HeidelbergCement India shares surged 18% after reports of Adani Group's potential acquisition of its Indian operations. The deal could be worth USD 1.2 billion.

IMF Team to Discuss Loan with Sri Lanka's New Government

October 1, 2024 11:27

An IMF team will visit Sri Lanka to discuss economic reforms and a loan agreement with the new government led by President Anura Kumara Dissanayake. The visit comes as the country faces an economic...

Govt. Roadshows for Hindustan Zinc Stake Sale | Disinvestment Update

September 23, 2024 13:10

The Indian government is conducting roadshows to assess investor interest in selling its stake in Hindustan Zinc. Learn about the disinvestment process, timelines, and potential impact.

Sri Lanka Reaches Debt Restructuring Deal with Creditors

September 19, 2024 18:02

Sri Lanka has reached in-principle agreements with external commercial creditors for debt restructuring, including International Sovereign Bonds and China Development Bank. This follows...

UAE Mandates Women on Boards for Firms from 2025

September 18, 2024 16:46

The UAE has mandated private joint-stock companies to have at least one woman on their boards by 2025, aiming to increase gender diversity and empower women in leadership roles.

Hindustan Zinc Demerger Update: Two Verticals Instead of Three - CEO

September 18, 2024 15:40

Hindustan Zinc (HZL) is restructuring, splitting into two verticals instead of the earlier proposed three. CEO Arun Misra says discussions with the government are ongoing. Learn more about the...

ONGC Appoints New Director for New Energy & Petrochem

September 15, 2024 12:47

ONGC appoints Arunangshu Sarkar as Director for strategy and corporate affairs, spearheading new energy, petrochemicals, and corporate strategy as part of a board revamp.

Sri Lanka to Lift Vehicle Import Ban in Phases Starting Oct 1

September 14, 2024 19:24

Sri Lanka will lift its ban on vehicle imports in a phased manner starting October 1, part of its economic recovery strategy tied to IMF conditions. Public transport vehicles will be allowed first,...

Ford to Export Vehicles from Chennai Plant

September 13, 2024 12:45

Ford announces plans to utilize its Chennai manufacturing plant for vehicle exports, aiming to leverage Tamil Nadu's expertise for global markets. The move follows a meeting with Tamil Nadu Chief...

FEMA Compounding Rules Modified: Higher Limits, Online Payments

September 12, 2024 19:45

India's Finance Ministry has revised FEMA compounding rules, increasing monetary limits for RBI officials and allowing online payments. The changes aim to simplify foreign investment processes and...

Telangana Urges Finance Commission to Increase State's Share in Taxes

September 10, 2024 12:28

Telangana government requests the 16th Finance Commission to increase the states' share in Central taxes to 50%, arguing it will benefit all states and foster a more cooperative federal structure.

Peak XV Partners Sells Indigo Paints Stake for Rs 1,557 Crore

September 6, 2024 19:52

Peak XV Partners has divested a 22% stake in Indigo Paints to investors like Morgan Stanley, Mercer, and HDFC MF for Rs 1,557 crore. The transaction involved 1.05 crore shares of the Pune-based...

Sri Lanka's Debt Sustainability: IMF Program at Risk

September 6, 2024 19:01

Sri Lanka's Finance Ministry warns that any attempt to revisit the country's debt sustainability assessment could derail the ongoing IMF bailout program, potentially delaying an agreement for...

CapitaLand to Double Investment in India to Over Rs 90,280 Cr

September 4, 2024 15:03

Singapore's CapitaLand plans to double its investment in India to over Rs 90,280 crore by 2028, aiming to capitalize on the country's economic growth and growing demand for real assets.

Govt to Amend CPSE Capital Restructuring Guidelines

September 1, 2024 14:13

The Indian government is revising its 2016 guidelines on CPSE capital restructuring, focusing on dividend payments, bonus issues, and share buybacks. The amendments aim to optimize government...

Sri Lanka Debt Deal: Renegotiation Risks IMF Bailout

August 29, 2024 16:35

Sri Lanka's foreign minister warns renegotiating debt terms could jeopardise IMF bailout, impacting World Bank and ADB funding. Economic instability is a risk.

CCI Proposes Recruitment Rule Changes for Efficiency

August 26, 2024 21:42

The Competition Commission of India (CCI) proposes amendments to recruitment rules, aiming to enhance efficiency and attract dynamic professionals. The changes include direct recruitment at...

RBI Urges Lenders to Support MSMEs: Empathetic Approach Key

August 22, 2024 13:32

Reserve Bank Deputy Governor calls for empathetic approach towards MSMEs, urging lenders to provide restructuring options and tailored support to aid growth and global competitiveness.

UK Funds Tata Steel Decarbonisation: GBP 13.5 Million Support

August 20, 2024 20:05

The UK government has allocated GBP 13.5 million to support Tata Steel's decarbonisation efforts, including retraining for workers and aid for affected businesses. The fund aims to secure a green...

Haryana Leads in Electricity Reforms: HERC Chairman

August 18, 2024 13:12

Haryana Electricity Regulatory Commission (HERC) Chairman highlights the state's progress in electricity reforms, emphasizing consumer protection and efficient service delivery.

Vedanta Stake Sale in Hindustan Zinc: Debt Reduction & Capex Boost

August 15, 2024 11:03

Vedanta's planned stake sale in Hindustan Zinc aims to raise funds for debt repayment and capital expenditure, impacting the company's future dividend income and debt burden.

Sri Lanka's IMF Bailout: Tax Proposal Negotiations

August 14, 2024 17:12

Sri Lankan President Wickremesinghe discusses tax proposals with the IMF as part of the USD 2.9 billion bailout package, aiming to provide relief to taxpayers.

Sri Lanka Ready to Fund Increasing Presidential Candidates

August 11, 2024 20:35

Sri Lanka's Finance Minister assures sufficient funds for the upcoming presidential election despite a rising number of candidates. The country is facing a challenging economic recovery after a...

Brookfield Acquires ATC Telecom: CCI Approves Deal

August 6, 2024 21:22

Competition Commission of India approves Brookfield's acquisition of ATC Telecom Infrastructure, a major deal announced earlier this year. CCI also cleared other transactions.

FinMin Urges State-Owned Insurers to Focus on Profitability

August 4, 2024 18:06

India's finance ministry has instructed state-owned general insurance companies to prioritize profitable business segments and improve profitability, aiming to reduce reliance on government capital...

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...

MTNL Seeks Rs 1,151.65 Cr for Sovereign Guarantee Bonds Interest

August 1, 2024 16:26

MTNL has requested Rs 1,151.65 crore from the Indian government to cover interest payments on sovereign guarantee bonds for the current fiscal year. The government has allocated Rs 69,000 crore in...

TCPL Q1 Profit Down, Revenue Up: Details & Analysis

July 30, 2024 19:18

Tata Consumer Products Ltd (TCPL) reported a 14.34% decline in net profit for Q1 FY25, but revenue rose 16.32%. Learn more about the company's performance and key highlights.

Pakistan Seeks Energy Loan Restructuring from China

July 27, 2024 16:59

Pakistan's finance and energy ministers are in Beijing to negotiate debt rescheduling for CPEC energy projects, amid concerns over China's reluctance and potential impact on IMF bailout.

Himachal Builds Rs 350 Cr Medical Devices Park, Rejects Central Funding

July 27, 2024 16:15

Himachal Pradesh will build a Rs 350 crore medical devices park with its own funds, rejecting central funding. The park will be built on 265 acres and will be a source of income for the state.

Tech Mahindra Shares Plunge 6% After Earnings

July 26, 2024 11:13

Tech Mahindra shares fell nearly 6% on Friday after the company reported a decline in revenues for the June quarter. The stock was the biggest laggard among Sensex and Nifty firms.

Tech Mahindra Q1 Profit Up 23% to Rs 851 Cr | Tech News

July 25, 2024 20:02

Tech Mahindra's net profit surged 23% to Rs 851 crore in Q1 FY25, driven by cost reductions. Revenue dipped slightly, but the company expects improved performance in FY25.

Japan Resumes Yen Loan Projects in Sri Lanka

July 24, 2024 19:37

Japan has resumed funding Yen Loan Projects in Sri Lanka after the country's successful debt restructuring. This decision marks a significant step in Sri Lanka's economic recovery.

BSNL Losses Narrow to Rs 5,371 Cr in FY24 - Business Standard

July 24, 2024 16:16

BSNL's losses narrowed to Rs 5,371 crore in FY24, while EBITDA rose to Rs 2,164 crore. The government has provided several revival packages for BSNL and MTNL.

India Budget Allocates Rs 1.28 Lakh Cr for Telecom: BSNL Gets Largest Share

July 23, 2024 16:53

India's budget earmarks Rs 1.28 lakh crore for telecom projects, with a significant portion allocated to BSNL for technology upgrades and restructuring. The budget also includes provisions for MTNL...

Indian Hotels Q1 Profit Up 10.25% to Rs 260 Cr

July 19, 2024 17:56

Indian Hotels Company Ltd (IHCL) reported a 10.25% rise in consolidated net profit to Rs 260.19 crore in Q1 FY25, driven by higher revenue. The company also announced restructuring of its overseas...

China's Economic Reforms: New Plans to Halt Slowdown

July 14, 2024 09:10

China's Communist Party will unveil new economic reforms at its upcoming Plenum to address the country's economic slowdown and revitalize growth.

Pakistan to Restructure USD 15 Billion Energy Debt with China

July 9, 2024 13:59

Pakistan seeks to restructure USD 15 billion energy debt owed to China, aiming to alleviate financial pressures and reduce electricity prices. The move comes amid ongoing economic challenges and a...

Sri Lanka Achieves USD 8 Billion Debt Relief: Wickremesinghe

July 5, 2024 18:52

Sri Lanka's President Ranil Wickremesinghe announced USD 8 billion in debt relief achieved through restructuring agreements with bilateral lenders, including India and China. The country is...

World Bank Vows to Support Sri Lanka's Economic Recovery

July 4, 2024 18:04

The World Bank's new Country Director for Sri Lanka, Nepal, and Maldives has pledged support for the nation's economic recovery, following its recent debt default. The meeting with President...

Sri Lanka Strikes Debt Restructuring Deal with Bondholders

July 4, 2024 10:37

Sri Lanka has reached a debt restructuring agreement with international sovereign bondholders, a crucial step in its efforts to restore debt sustainability and secure an IMF bailout.

SriLankan Airlines Restructuring, Not Sale: Aviation Minister

July 3, 2024 19:13

Sri Lanka's efforts to divest shares in SriLankan Airlines have failed, with only six bidders coming forward. The airline will undergo restructuring instead, with the government retaining 51%...

Unacademy: Growth, Profitability & Layoffs in 2023

July 3, 2024 18:08

Unacademy CEO says 2023 will be a record year for growth & profitability, despite recent layoffs. Learn about the company's restructuring and future plans.

Tata Steel UK Strike Called Off After Investment Talks

July 1, 2024 22:34

Unite the Union has called off strike action at Tata Steel UK's Port Talbot plant after receiving assurances of further investment. The company has shelved plans for an early closure of blast...

CBI Issues Warrant for Mallya in Rs 180 Crore IOB Loan Case

July 1, 2024 21:57

A Mumbai court has issued a non-bailable warrant against Vijay Mallya for defaulting on a Rs 180 crore loan from Indian Overseas Bank. The CBI alleges Mallya wilfully defaulted on payments, causing...

ESAF Small Finance Bank Creates Micro Banking Vertical with 5,200 Staff

July 1, 2024 18:15

ESAF Small Finance Bank has absorbed 5,200 employees from ESMACO to create a micro banking vertical, directly managing microloans and serving the rural population. This move aims to mitigate...

Tata Steel UK Strike Threatens Plant Closure

June 28, 2024 16:21

Tata Steel UK is taking legal action against a union strike, threatening to close its Port Talbot plant if operations cannot be safely maintained during the industrial action.

Sri Lanka Finalizes Debt Restructuring with Creditors

June 26, 2024 15:55

Sri Lanka has finalized a debt restructuring agreement with its bilateral lenders, including India and China, to meet an IMF bailout condition. The agreement grants significant debt relief.

Sri Lanka Approves Debt Restructuring Deal - Govt Spokesperson

June 25, 2024 18:02

Sri Lanka has approved a debt restructuring deal with its creditors, including China, and will sign the agreement on Wednesday. This deal is a crucial step in the country's economic recovery after...

Tata Steel Workers Strike in UK: 2,800 Jobs at Risk

June 21, 2024 20:31

Tata Steel workers in the UK are going on strike, the first in 40 years, protesting job cuts and blast furnace closures. The strike threatens to disrupt steel production in Wales.

Tata Steel Workers Strike in UK: First in 40 Years

June 21, 2024 19:58

Steelworkers in Wales are striking for the first time in 40 years, protesting Tata Steel's plans to cut jobs and close blast furnaces. The strike threatens to disrupt operations and impact the...

Sri Lanka Seeks India Partnership for Industrial Growth - President Wickremesinghe

June 19, 2024 16:18

Sri Lankan President Wickremesinghe emphasizes the need for collaboration with India to benefit from its industrial development. He discusses potential areas of cooperation, including solar and...

Godrej Group Restructuring Approved by CCI

June 18, 2024 23:07

The Competition Commission of India (CCI) has approved the proposed internal restructuring within the Godrej group, involving a realignment of interests and management across various entities.

Sri Lanka, IMF Agree on Vehicle Import Ban Lift by 2025

June 15, 2024 18:44

Sri Lanka has presented the IMF with a roadmap to lift the ban on vehicle imports by 2025, starting with public passenger vehicles in 2024. The move aims to boost the economy and foreign exchange...

Freshers Hiring Up 5% in IT: Report

June 13, 2024 18:09

IT sector drives growth in fresher hiring, with startups and companies valuing skills over credentials. Delhi-NCR leads job postings, followed by Bengaluru.

IMF Disburses USD 336 Million to Sri Lanka Amid Debt Concerns

June 13, 2024 14:32

The IMF has released the third tranche of USD 336 million to Sri Lanka as part of a USD 2.9 billion bailout package, despite concerns about debt sustainability and economic vulnerability.

NCLT Initiates Insolvency Against Jaiprakash Associates

June 3, 2024 18:48

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against Jaiprakash Associates Ltd, admitting a plea filed by ICICI Bank. The move comes after JAL, the flagship firm of...

IMF Review for Sri Lanka Bailout Set for June 12

June 3, 2024 14:55

Sri Lanka's Minister of State for Finance confirms the IMF's second review of the USD 2.9 billion bailout will take place on June 12, potentially leading to the release of USD 300 million. The...

Sri Lanka Economic Crisis: President Calls for Bill Support

June 2, 2024 20:57

Sri Lankan President Ranil Wickremesinghe urges all parties to support the economic transformation bill, crucial for IMF agreement and debt restructuring. The bill aims to stabilize the economy...

Sri Lanka Defers Debt Payments Until 2027

May 31, 2024 20:19

Sri Lanka's President Wickremesinghe announced the deferment of debt payments until 2027, focusing on renegotiating repayment terms to extend until 2042. The island nation aims to safeguard its...

UK Union to Strike at Tata Steel Over Job Cuts

May 31, 2024 19:59

A steelworkers' union in the UK will take industrial action against Tata Steel's job cuts and blast furnace closure, calling for a halt until the new government takes over in July. The union says...

Tata Steel Shares Plunge 4% After Earnings Miss

May 30, 2024 11:32

Tata Steel shares dropped 4% in early trade after the company reported a 64.59% decline in net profit for the January-March quarter due to lower realisations and exceptional items.

Tata Steel Q4 Profit Falls 64%, Announces Fund Raising Plan

May 29, 2024 19:44

Tata Steel's net profit for Q4 FY24 declined by 64.59% to Rs 554.56 crore. The company also announced plans to raise up to Rs 3,000 crore through NCDs.

IMF Revises China's GDP to 5%, Forecasts Slowdown by 2029

May 29, 2024 18:41

The IMF projects China's economic growth at 5% in 2024, but warns of a slowdown to 3.3% by 2029 due to aging and slower productivity. IMF suggests boosting productivity and economic reforms.

Lava Restructures Board, Excludes Former Chairman

May 24, 2024 14:47

Lava International has restructured its board, excluding former chairman Hari Om Rai. The company has onboarded new independent directors, including former BSNL chairman Anupam Shrivastava.

IMF 'Significant Progress' in Pakistan Bailout Talks

May 24, 2024 12:54

The IMF reports 'significant progress' in negotiations with Pakistan for a new bailout package. The agreement could involve up to USD 8 billion and focus on economic reforms.

Air India Announces Salary Increments &' Target Bonus for Pilots

May 23, 2024 19:24

Air India has announced salary increments for staff and a target performance bonus for pilots. This is the first appraisal since Tata Group took over the airline in 2022.

Byju's Advisors Resign: Rajnish Kumar, Mohandas Pai Step Down

May 19, 2024 22:49

Former SBI chairman Rajnish Kumar and ex-Infosys CFO Mohandas Pai have resigned from Byju's advisory council after a year. The decision comes amidst ongoing legal battles with foreign investors.

China, Maldives Discuss Debt Relief: Ambassador

May 17, 2024 18:03

China, Maldives' largest creditor, is discussing debt relief options as IMF warns of 'high risk' of debt distress. Ambassador Wang Lixin emphasizes grants and free aid.

Ola Mobility CFO Quits Amid Restructuring

May 16, 2024 22:29

Ola Mobility's CFO Kartik Gupta has resigned, following the recent departure of CEO Hemant Bakshi. The company cites restructuring aimed at productivity enhancement in the AI-led era.

LIC Housing Finance Aims for 10-12% Loan Growth in FY25

May 16, 2024 18:15

LIC Housing Finance aims to accelerate loan growth to 10-12% in FY25, focusing on affordable housing. The company also plans to increase its loan book to Rs 75,000 crore and maintain a net interest...

Exim Bank FY24 Profit Jumps 62% to Rs 2,518 Cr | Maldives Exposure Strong

May 13, 2024 16:57

Exim Bank reports a 62% surge in FY24 profit, driven by improved asset quality. The bank's $450 million exposure to the Maldives is performing well despite political tensions.

Sri Lanka Aims for USD 17 Billion Debt Reduction

May 8, 2024 18:59

Sri Lanka seeks USD 17 billion debt reduction through restructuring, aiming to alleviate its debt burden and foster economic growth with support from international partners.

Sri Lanka Economic Recovery Hinges on Reforms: Central Bank Governor

May 7, 2024 22:46

Sri Lanka's Central Bank Governor emphasizes the importance of continued reforms for economic recovery, warning against backtracking ahead of the presidential election.

Jaiprakash Associates Shares Plunge 6% on Loan Default

May 7, 2024 17:50

Jaiprakash Associates shares dropped nearly 6% after the company defaulted on Rs 4,616 crore in loans, impacting its market capitalization. The company is restructuring its debt.

Jaiprakash Associates Defaults on Rs 4,616 Cr Loans

May 7, 2024 10:26

Jaiprakash Associates has defaulted on Rs 4,616 crore in loans, including principal and interest. The company is undergoing restructuring and has been selling assets to reduce debt.

GCPL Posts Rs 1,893.21 Cr Loss in Q4 | Business News

May 6, 2024 21:01

Godrej Consumer Products Ltd (GCPL) reported a consolidated loss of Rs 1,893.21 crore in Q4 FY24 due to impairment of brand and goodwill, and loss on sale of business in Africa.

Japan Urges Sri Lanka to Sign Debt Restructuring MoUs

May 4, 2024 18:51

Japan emphasizes early signing of MoUs with Sri Lanka for debt restructuring, aiming for a transparent agreement. The move is crucial for the IMF's next tranche.

Sri Lanka Welcomes Chinese Investment in Key Sectors

May 3, 2024 19:12

Sri Lankan Prime Minister Dinesh Gunawardena welcomes direct private investments from China in agriculture, renewable energy, IT, education, and water supply sectors.

Sri Lanka Services Multilateral Loans Despite Default: Minister

May 2, 2024 15:32

Sri Lanka continues to service multilateral debt despite defaulting on bilateral loans in 2022, prioritizing financial discipline for economic recovery. The country is still negotiating debt...

Godrej Group Stock Split: Mixed Trends in Early Trade

May 2, 2024 11:39

Shares of Godrej group companies saw mixed trends after the family split the conglomerate into two branches. Adi Godrej and Nadir Godrej will control five listed firms, while Jamshyd and Smita...

Godrej Group Stocks Mixed After Family Split

May 2, 2024 11:39

Godrej Group shares saw mixed trading after the family split the conglomerate into two branches. Adi & Nadir Godrej control listed firms, while Jamshyd & Smita get unlisted businesses.

Singapore Opposition Leader Calls for Retrenchment Insurance

April 30, 2024 17:52

Singapore's Opposition Leader Pritam Singh calls for insurance for retrenched workers, citing concerns about business restructuring and cost-cutting measures impacting workers' livelihoods.

Ram Walase Appointed CEO of Transindia Real Estate

April 29, 2024 12:40

Transindia Real Estate Ltd appoints Ram Walase as its new CEO, bringing 25 years of leadership experience in real estate, infrastructure, project finance, and consulting.

ITPCL Debt Restructuring: NCLAT Rejects SBI Objection

April 28, 2024 16:06

NCLAT rejects SBI's objection to the liquidation value of ITPCL, upholding the debt restructuring plan approved by majority lenders. Read more.

Vedanta to Benefit from Rising Commodity Prices: Analysts

April 28, 2024 14:36

Vedanta Ltd. is expected to benefit from rising commodity prices, with analysts highlighting strong cash flows and a demerger strategy. The company is well-positioned for growth in aluminum, power,...

Special Opportunities Funds: AMCs File Draft Papers with SEBI

April 28, 2024 11:47

Asset management firms are showing interest in Special Opportunities Funds, with three firms filing draft papers with SEBI. Learn more about these funds, their potential, and how they differ from...

Tata Steel UK Closes Blast Furnaces, Invests in Electric Arc Furnace

April 25, 2024 22:08

Tata Steel UK confirms closure of two blast furnaces and plans to invest GBP 1.25 billion in a new Electric Arc Furnace at its Port Talbot steelworks, preserving 5,000 jobs.

LTTS Q4 Profit Grows Marginally, Adds 500 Employees

April 25, 2024 20:32

LTTS reports a 0.2% rise in Q4 net profit to Rs 340 crore, driven by slower revenue growth and margin compression. The company plans to add 500 employees in the upcoming quarter.

UK-India FTA Talks: Market Access Offered, But Not Enough

April 18, 2024 19:41

UK Foreign Secretary David Cameron says good market access has been offered in UK-India FTA talks, but not enough to secure a deal. The negotiations continue this week in London.

Sri Lanka Debt Restructuring: Govt Faces Criticism

April 18, 2024 13:58

Sri Lanka's government faces criticism for failing to reach a debt restructuring agreement with bondholders. The Opposition highlights the lack of transparency in the process.

ZEEL Streamlines Structure, Punit Goenka Takes Charge

April 17, 2024 18:20

ZEEL announces a streamlined structure with Punit Goenka assuming direct charge of critical verticals, including domestic broadcast business. The move aims to improve efficiencies and profitability.

CCI Approves Protos, Paharpur Stake in Thyssenkrupp India

April 16, 2024 21:08

The Competition Commission of India (CCI) has approved the acquisition of additional stake in Thyssenkrupp Industries India by Protos Engineering and Paharpur Cooling Towers.

Sri Lanka Debt Restructuring Fails: USD 12 Billion Stalemate

April 16, 2024 18:37

Sri Lanka's attempt to restructure USD 12 billion in debt with bondholders has failed, jeopardizing the country's IMF bailout program and its economic recovery.

Byju's India CEO Resigns, Founder Takes Over

April 15, 2024 18:51

Arjun Mohan, CEO of Byju's India operations, has resigned, leading to a business rejig and Byju Raveendran taking over daily operations.

Janet Yellen China Trip: Trade, TikTok && Financial Stability

April 9, 2024 08:50

US Treasury Secretary Janet Yellen visited China to discuss trade, TikTok, and financial stability. The trip focused on addressing unfair trade practices, combating money laundering, and...

Sri Lanka Economy Recovers, Poverty Rises: World Bank

April 2, 2024 21:20

Sri Lanka's economy is improving, but poverty rates continue to climb, according to a World Bank report. The report highlights economic recovery, poverty concerns, and the need for structural reforms.

India Business News: Manufacturing Growth, Byju's Layoffs, Zomato Tax Demand

April 2, 2024 20:45

Get the latest Indian business news, including manufacturing sector growth, Byju's layoffs, Zomato tax demand, and Vedanta GST notices. Read more on the financial performance of major companies.

Byju's Lays Off 500 Employees Amid Financial Crunch

April 2, 2024 18:52

Byju's is laying off 500 employees, including from sales, amid a financial crunch. The layoffs are part of a business restructuring exercise to streamline operations and reduce costs.

SriLankan Airlines to Lease New Aircraft Ahead of Privatisation

April 2, 2024 14:46

SriLankan Airlines will lease four new Airbus planes to maintain its route network ahead of privatisation, as the loss-making carrier faces IMF pressure for restructuring.

Sri Lanka Aims for Debt Moratorium Until 2027: President Wickremesinghe

March 6, 2024 14:36

Sri Lanka President Wickremesinghe outlines plans to restructure debt, aiming for a moratorium until 2027 and full repayment by 2042, amidst ongoing IMF-backed reforms to revive the bankrupt economy.

Tata Sons Valuation: Rs 7.8 Lakh Cr on Listing - Report

March 5, 2024 20:43

A report estimates Tata Sons' valuation at Rs 7.8 lakh crore on listing, factoring in its investments across listed and unlisted companies, including new-age sectors like semiconductors and EV...

Sri Lanka Extends SriLankan Airlines Disinvestment Deadline

March 5, 2024 14:16

Sri Lanka extends deadline for bids to take control of national carrier SriLankan Airlines by 45 days, aiming to restructure the airline's debt and attract new investors.

Sugar Mill Debt Relief: Govt Offers Restructuring && Settlement

March 1, 2024 19:50

Indian government offers debt restructuring and one-time settlement options for sugar mills under Sugar Development Fund (SDF) loans, aiming to provide relief to struggling factories.

Swan Energy Raises Rs 3,000 Cr via QIP

February 29, 2024 16:14

Swan Energy successfully raises Rs 3,000 crore through a qualified institutional placement (QIP) to modernise its recently acquired shipyard and expand operations.

Tea Body Welcomes Dust Tea Auction | Tea Industry News

February 28, 2024 17:54

The Tea Association of India (TAI) welcomes the Tea Board's decision to sell dust tea entirely through auctions, aiming to restructure the tea market and revitalize the industry.

Sony Layoffs: 900 Jobs Cut in PlayStation Unit

February 27, 2024 21:44

Sony announces 900 job cuts in its PlayStation division, citing industry changes. The layoffs follow similar moves by Microsoft and Riot Games, reflecting the ongoing tech and gaming sector downturn.

World Bank Needs Restructuring: N K Singh at Raisina Dialogue

February 23, 2024 17:13

N K Singh, Co-Convenor of the Expert Group on MDB Reforms, calls for World Bank restructuring, including private capital attraction and increased capital base.

Byju's EGM: Investors Seek Raveendran Ouster, File Suit

February 23, 2024 16:55

Investors at Byju's EGM seek to oust founder CEO Byju Raveendran and his family, citing mismanagement. They filed a lawsuit before NCLT.

Byju's EGM: Investors Seek Ouster of Raveendran, File Suit

February 23, 2024 13:59

Byju's shareholders hold an EGM to vote on a resolution to oust founder CEO Byju Raveendran and his family over alleged mismanagement. Investors file suit in NCLT.

BYJU's EGM: Raveendran, Board to Skip Vote

February 22, 2024 22:33

BYJU's founder Byju Raveendran and board members will not attend a shareholder EGM seeking their removal over alleged mismanagement. Investors argue the meeting is valid.

BYJU'S EGM: Raveendran, Board Members to Skip Vote

February 22, 2024 21:26

BYJU'S founder Byju Raveendran and board members will not attend a shareholder EGM called by investors seeking his removal over alleged mismanagement. The EGM, set for Friday, is challenged by...

Byju's Shareholders Vote to Oust CEO, Family

February 22, 2024 17:55

Byju's shareholders are voting to remove founder CEO Byju Raveendran and his family over mismanagement and financial troubles. The EGM will be held on Friday, with the outcome impacting the future...

The Body Shop India Operations Unimpacted by UK Restructuring

February 21, 2024 19:39

Quest Retail confirms that The Body Shop India operations remain unaffected by the UK restructuring, with stores open and online shopping available. The brand continues to expand its reach in India.

BYJU'S USD 200 Million Rights Issue Fully Subscribed

February 21, 2024 18:23

BYJU'S USD 200 million rights issue fully subscribed, Byju Raveendran expresses gratitude to shareholders and outlines plans for the future.

Insolvency Law: Debtors Resolve Cases Before Admission - IBBI

February 20, 2024 16:43

IBBI reports a surge in debtors resolving cases before insolvency proceedings, attributing it to the credible threat of ownership change. Over 27,500 applications withdrawn before admission,...

Finsider International Sells 1.8% Stake in Vedanta for Rs 1,737 Crore

February 15, 2024 21:13

Finsider International, a promoter of Vedanta, has divested a 1.8% stake in the company for Rs 1,737 crore through an open market transaction, reducing its holding to 2.6%.

Coca-Cola Beats Q4 Estimates, Strong Growth Abroad

February 13, 2024 18:35

Coca-Cola reports higher-than-expected revenue for Q4, driven by strong international sales, despite declining demand in North America. Learn more about Coca-Cola's performance and outlook for 2023.

Vedanta Resources Pays USD 779 mn to Bondholders for Debt Restructuring

February 9, 2024 20:34

Vedanta Resources has made an upfront payment of USD 779 million to its bondholders as part of a debt restructuring exercise, extending bond maturities to 2029.

PIA Privatization: Pakistan's National Airline Restructured

February 7, 2024 20:33

Pakistan's caretaker government approves PIA restructuring ahead of elections, paving the way for privatization of the loss-making airline. The decision to bifurcate the carrier into two entities,...

Sri Lanka to Reassess Foreign Relations for Economic Growth: President Wickremesinghe

February 7, 2024 16:01

Sri Lankan President Ranil Wickremesinghe emphasizes the need to reassess foreign relations and prioritize economic benefits, focusing on FTAs and collaborations like the Trincomalee economic hub...

Sri Lanka Debt Restructuring Slow, Growth at 1.6%

February 7, 2024 14:25

Sri Lanka's debt restructuring faces delays despite a 1.6% growth rate in Q3 2023. President Wickremesinghe outlines economic progress and challenges.

Parliamentary Panel Suggests Composite Insurance License

February 6, 2024 21:39

A parliamentary panel recommends a composite license for insurers to offer life, general, and health insurance under one entity, aiming to boost insurance penetration in India.

McDonald's Sales Dip Amid Middle East Boycotts

February 5, 2024 19:03

McDonald's ends a strong year with a sales decline due to boycotts in the Middle East stemming from its support for Israel during the Gaza war.

Company Name
Price
Volume

Vodafone Idea L
6.96 ( -1.69)
32087619

Spicejet Ltd.
45.48 ( -6.38)
24487576

Srestha Finvest
0.56 (+ 3.70)
15767473

G G Engineering
1.00 ( 0.00)
13488004

YES Bank Ltd.
16.20 (+ 0.31)
11982994

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