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


Vedanta Raises $120 Mln Through Debentures

Staff Reporter | 11 July 2024

Indian conglomerate’s committee of directors approves the allotment of debentures today


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


L&T Semiconductor Arm To Acquire SiliConch Systems For $22 Mln

Staff Reporter | 9 July 2024

The acquisition is expected to strengthen the presence of L&T Semiconductor Technologies in fabless semiconductor business


Bandhan Bank Appoints Ratan Kumar Kesh As Interim MD & CEO

COJ News Desk | 8 July 2024

The development comes as Bandhan Bank’s current MD & CEO Chandra Shekhar Ghosh is set to retire on 9 July


Bajaj Auto’s CNG Bike Offers Attractive Value Proposition, Jefferies Says

Special Correspondent | 8 July 2024

Bajaj Auto last week launched the world’s first CNG-powered motorcycle Freedom 125


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Raymond To Demerge Real Estate Business To Unlock Shareholder Value

Staff Reporter | 4 July 2024

Existing Raymond shareholders will get the shares in the new listed real estate company in a ratio of 1:1


Persistent Unit To Acquire US-Based Starfish Associates For $20.7 Mln

Staff Reporter | 3 July 2024

The acquisition aims to strengthen the Indian IT services provider’s position in ai-powered contact center and unified communications


Reliance Industries May Add $100 Bln In Value, Morgan Stanley Says

Staff Reporter | 1 July 2024

Morgan Stanley says the growth will be driven by new business cycles, new cash flow streams emerge, and higher valuation multiples


Nykaa Owner “Beautifully Positioned” To Capitalize On Growth Opportunities – Equirus

Special Correspondent | 27 June 2024

Equirus Securities initiates coverage on FSN E-Commerce with Long rating and a target price of 240 rupees per share


Zee Media Plans To Raise $24 Mln Through Securities

Staff Reporter | 26 June 2024

Indian television broadcaster’s board approves exploring options for fundraising


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


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Jefferies Says ICICI Bank Well-Placed To Deliver On Growth, Profitability; Keeps Buy

Special Correspondent | 25 June 2024

Jefferies says ICICI Bank stays among its top picks in the financial sector amid healthy deposit growth and slower cost growth


NCLT Allows Zee To Withdraw Merger Implementation Plea With Sony Units

Staff Reporter | 24 June 2024

A division bench of Lakshmi Gurung and Charanjeet Singh Gulati allowed an application filed by Zee Group to withdraw from the proposed merger


Vedanta Shareholders Approve $1 Bln Fundraising Plan

Staff Reporter | 22 June 2024

The shareholders approve special resolution on June 21 with requisite majority


Vedanta Eyes $120 Mln Fundraising Via Debentures

Staff Reporter | 20 June 2024

The conglomerate’s authorized committee of directors approved proposed fundraising today


Vodafone Group Sells 18% Stake In Indus Towers For $1.83 Bln

Staff Reporter | 19 June 2024

UK-based telecom operator sells 484.7 million shares of Indus Towers via book-build offering


Bernstein Bullish On Niche Lenders In India; Bets On IndusInd Bank, Muthoot Finance

Special Correspondent | 19 June 2024

Bernstein initiates coverage on IndusInd Bank and Muthoot Finance with Outperform ratings