Mumbai: The Shapoorji Pallonji Group (SP Group) is offering ₹400 crore more to the bondholders of group company Goswami Infratech, in exchange for their consent to extend the deadline to meet certain covenants on ₹14,300 crore of borrowings. The company, which has to pay ₹1,400 crore in interest this month, has sought a four-month window … Read more
Image for representation purpose only. | Photo Credit: K. Pichumani The Telangana Government has apparently landed in a piquant situation in raising resources through open market borrowings for the January-March quarter of the current financial year. The government, according to the indicative calendar of the Reserve Bank of India (RBI), indicated that it will raise … Read more
Andhra Pradesh has outstripped the rest of the country in raising loans from the Reserve Bank of India within the first four months of the 2023-24 FY and has participated in 14 out of 17 auctions of government securities conducted by the Central bank since the beginning of the financial year, Telugu Desam Party (TDP) … Read more