India Corporate Credit Quality Getting Stronger, S&P Says
Staff Reporter | 12 August 2024S&P says the improvement is driven by broad-based earnings growth and increased financial discipline
Moody's Upgrades Tata Motors To Ba1 On Sustained Revenue Growth, Improving Profit
Staff Reporter | 8 August 2024Moody's says Indian automaker will sustain the improvement in all three of its automotive operations
NCLT Admits Kishore Biyani-Promoted Future Retail Into Liquidation
Staff Reporter | 30 July 2024The National Company Law Tribunal appoints Sanjay Gupta as the bankrupt retailer’s liquidator
S&P Upgrades Vedanta Resources On Improving Capital Structure, Liquidity
Special Correspondent | 25 July 2024S&P says the resources conglomerate has sufficient internal resources to meet $1.4 billion of debt maturities until December 2025
Fitch Downgrades Tata Steel Outlook To Negative From Stable
Staff Reporter | 12 July 2024The Negative outlook reflects uncertainty surrounding turnaround of Tata Steel’s UK operations and risks to Fitch’s forecast on EBITDA leverage
Moody's Affirms Yes Bank’s Ba3 Ratings; Changes Outlook To Positive From Stable
Staff Reporter | 11 July 2024Moody's expects the lender’s core profitability to increase, driven by improvement in its depositor base and lending franchise
S&P Revises Adani Ports Outlook To Positive; Affirms BBB- Ratings
Staff Reporter | 26 June 2024S&P says APSEZ's larger and more diversified portfolio of assets than peers' supports its earnings quality
NCLT Puts Brake On Byju’s Second Rights Issue; Orders Status Quo On Shareholding
Staff Reporter | 14 June 2024National Company Law Tribunal will hear the matters on 4 July
Reliance Power Faces Insolvency Petition From CFM Over Unit’s Default
Staff Reporter | 12 June 2024Indian power producer proposes a one-time settlement to CFM Asset Reconstruction
Fitch Downgrades UPL Corporation After Parent’s Weak FY24
Staff Reporter | 25 May 2024Fitch says weaker EBITDA and higher finance costs resulted in negative free cash flow and a surge in its parent UPL's leverage
IIFL Finance To Raise $152 Mln; Rights Issue To Open On 30 April
Staff Reporter | 17 April 2024The non-bank lender sets the rights issue price at 300 rupees per share
Why Zee Is Withdrawing NCLT Plea To Implement Merger Deal With Sony Units?
Staff Reporter | 17 April 2024The board takes the decision after seeking appropriate legal advice and reviewing the recent action-oriented steps implemented by Zee’s management
NCLT Disposes Insolvency Petitions Against Mumbai Metro One
Staff Reporter | 15 April 2024The bankruptcy court disposes Section 7 petitions of SBI and IDBI Bank due to a one-time settlement
What’s The Average Compensation For CEOs In India? Deloitte Survey Reveals
Staff Reporter | 8 April 2024Deloitte India survey says average CEO compensation stands at 13.8 crore rupees, up 40% from pre-Covid times
Zee Plans To Cut Workforce By 15%; Eyes Lean Structure To Boost Growth
Staff Reporter | 6 April 2024Zee says the core business units of the proposed structure will include broadcast, digital, movies and music
NCLT Admits BGR Energy Systems For Insolvency Resolution
Staff Reporter | 6 April 2024The development came after RDC Concrete India sought action against BGR Energy Systems, claiming a default of 7.20 crore rupees
JSW Energy Mops Up $600 Mln Via QIP To Accelerate Growth Plans
COJ News Desk | 6 April 2024Khaitan & Co acted as the legal counsel to the Indian power producer
Vedanta Looks To Raise Up To $300 Mln Via Debentures
COJ News Desk | 4 April 2024The conglomerate’s authorized committee of directors approves the proposed fundraising today