India Corporate Credit Quality Getting Stronger, S&P Says

Staff Reporter | 12 August 2024

S&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 2024

Moody'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 2024

The 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 2024

S&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 2024

The 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 2024

Moody's expects the lender’s core profitability to increase, driven by improvement in its depositor base and lending franchise


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S&P Revises Adani Ports Outlook To Positive; Affirms BBB- Ratings

Staff Reporter | 26 June 2024

S&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 2024

National 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 2024

Indian power producer proposes a one-time settlement to CFM Asset Reconstruction


Fitch Downgrades UPL Corporation After Parent’s Weak FY24

Staff Reporter | 25 May 2024

Fitch 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 2024

The 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 2024

The board takes the decision after seeking appropriate legal advice and reviewing the recent action-oriented steps implemented by Zee’s management


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NCLT Disposes Insolvency Petitions Against Mumbai Metro One

Staff Reporter | 15 April 2024

The 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 2024

Deloitte 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 2024

Zee 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 2024

The 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 2024

Khaitan & 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 2024

The conglomerate’s authorized committee of directors approves the proposed fundraising today