Latest Updates Around The World
Credit rating agency CARE Ratings on Friday revised the outlook for Vodafone Idea’s (Vi) long-term banking facilities to ‘Positive’ from ‘Stable’, while maintaining a ‘BBB’ rating for the company’s adjusted gross revenue (AGR), Vodafone Idea said in a statement.The rating agency said the improvement in outlook reflects the improving business outlook for the debt-laden telecom […]
Ahmedabad, Adani Enterprises Limited (AEL), the flagship company of the Adani Group, on Friday announced the launch of the third public issue of secured, rated, listed, callable, non-convertible debentures (NCDs) worth Rs 1,000 crore, offering up to 8.90 percent per annum.The issue opens on January 6 and closes on January 19, with an option to […]
MUMBAI: National Asset Reconstruction Co (NARCL) has submitted a bid to assume the debt of Kurukshetra Expressway, a stressed road company with outstanding debt of around Rs 1,500 crore, for around Rs 345 crore, people familiar with the matter told ET.“NARCL has submitted the first bid,” said a source aware of the bidding process. “When […]
Mumbai: Outstanding credit card loans as a share of total retail lending fell in October, reflecting what analysts described as both prudential lending in the face of stricter regulatory norms and a higher share for lower-risk mortgages.Despite lower delinquencies, credit card outstandings fell to 4.7% of total retail loans in October 2025, compared to 5% […]
MUMBAI: Economists expect the Reserve Bank of India to keep its key policy rate unchanged at 5.25% in February as inflation starts rising from record lows and growth remains resilient, several economists said. They said the central bank is likely to retain policy space amid uncertainty over trade talks and upcoming changes in the inflation […]
KSH International has raised Rs 213 crore from major investors ahead of the opening of its IPO, indicating strong institutional interest in the magnet winding wire maker even before the public issue hits the market.In a filing with the stock exchanges on Monday, the company said it had allotted 55,46,874 shares to anchor investors at […]
Mumbai: The JSW group wants to educate £ 7,000 crore in non-convertible bonds (NCDs) to finance the acquisition of AkzoNobel India (Anil), people who are aware of the financing initiative told. The bonds have a scope of four years and seven months and will be issued in a zero coupon structure, giving investors an effective […]
