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
Vedanta Raises $120 Mln Through Debentures
Staff Reporter | 11 July 2024Indian 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 2024Moody'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 2024The 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 2024The 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 2024Bajaj Auto last week launched the world’s first CNG-powered motorcycle Freedom 125
Raymond To Demerge Real Estate Business To Unlock Shareholder Value
Staff Reporter | 4 July 2024Existing 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 2024The 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 2024Morgan 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 2024Equirus 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 2024Indian television broadcaster’s board approves exploring options for fundraising
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
Jefferies Says ICICI Bank Well-Placed To Deliver On Growth, Profitability; Keeps Buy
Special Correspondent | 25 June 2024Jefferies 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 2024A 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 2024The shareholders approve special resolution on June 21 with requisite majority
Vedanta Eyes $120 Mln Fundraising Via Debentures
Staff Reporter | 20 June 2024The 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 2024UK-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 2024Bernstein initiates coverage on IndusInd Bank and Muthoot Finance with Outperform ratings