India’s Shapoorji Pallonji Group has secured investor commitments of more than $4 billion for its debt sale in April, surpassing its funding target, two sources familiar with the matter said on Friday. The group, which caters to sectors including construction and real estate, plans to raise $3.2 billion to $3.3 billion through the bond issue, … Read more
India’s Shapoorji Pallonji Group is likely to raise around $3.3 billion through sale of bonds in the first quarter of the next financial year, two merchant bankers said on Wednesday. The group could raise anywhere between 270 billion rupees to 290 billion rupees ($3.1 billion to $3.35 billion) through a group entity, and the bonds … Read more
Bharti Airtel has transferred its entire 69.94 per cent stake in Airtel Payments Bank to wholly-owned subsidiary Airtel Limited, a regulatory filing said on Tuesday. “The shareholding of 69.94 per cent, held by Bharti Airtel Limited in Airtel Payments Bank Limited, is being transferred to the Company’s wholly-owned subsidiary (i.e. Airtel Limited), post receiving requisite … Read more
Israeli authorities rescued 10 Indians labourers from a village in West Bank on Thursday (March 6, 2025) night. | Photo Credit: By Arrangement Telugu associations in Israel which have gathered preliminary information on the Indian labourers who were traced and rescued by the Israeli authorities from a village in West Bank on Thursday (March 6, … Read more
“India will need to grow at an average of 7.8% to become a high-income country by 2047,” a World Bank report said on Friday (February 28, 2025.) To achieve this goal, India would require reforms in the financial sector as well as in land and labour market, the World Bank said in its India Country … Read more
Depository firm NSDL is targeting to launch its much awaited Rs 3,000-crore initial public offering (IPO) by next month, a senior official said on Thursday. As a market infrastructure institution (MII), National Securities Depository Ltd (NSDL) also needs other approvals apart from the draft red herring prospectus, the official said, adding that it is this … Read more
The combined market valuation of eight of the 10 most valued domestic firms eroded by Rs 2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a … Read more
Kolkata: IDFC First Bank on Saturday reported a 53% year-on-year fall in net profit for the third quarter, on account of higher provisions to cover stressed loans. The net profit was Rs 339 crore for the quarter against Rs 716 crore in the year ago period. The bank attributed the fall in profit to the … Read more
Indian benchmark indices ended Monday on a positive note aided by banks and financial services stocks. Individually, Kotak Mahindra Bank, HDFC Bank and Bajaj Finance did the heavy lifting. While the S&P BSE Sensex settled at 77,073.44, up by 454.11 points or 0.59%, the broader Nifty closed at 23,344.75, higher by 141.55 points or 0.61%. … Read more
Indian benchmark indices traded in a narrow range today (Thursday, December 26) ending flat on the monthly expiry day as FMCG and bank stocks neutralised the gains made from the uptick in auto stocks. While the S&P BSE Sensex settled at 78,472.48, down by 0.39 points, the broader Nifty closed at 23,750.20, higher by 22.55 … Read more