Tata Steel Plans To Invest $2.11 Bln In Singapore Arm; Also Eyes $360 Mln Via NCDs
Staff Reporter | 30 May 2024T Steel Holdings will use the funds to repay existing external debt at offshore entities and to support restructuring costs at Tata Steel UK
RBI Takes Action Against Edelweiss Group Entities Amid Material Supervisory Concerns
COJ News Desk | 29 May 2024RBI imposes business restrictions on ECL Finance and Edelweiss Asset Reconstruction Company with immediate effect due to material supervisory concerns
S&P Upgrades India’s Outlook To Positive From Stable; Affirms Ratings
Staff Reporter | 29 May 2024S&P expects broad continuity in economic reforms and fiscal policies regardless of the general election outcome on 4 June
Adani Enterprises Eyes $2 Bln Fundraise Via Shares, Other Securities
Staff Reporter | 28 May 2024Adani Enterprises will seek shareholders’ approval on 24 June to raise as much as 16,600 crore rupees ($2 billion) via shares or other securities
Adani Energy Solutions Plans To Raise $1.50 Bln
Staff Reporter | 27 May 2024Adani Group company plans to raise as much as 12,500 crore rupees ($1.50 billion) via shares or other securities
GMR Airports To Benefit From Air Traffic Growth, Says Jefferies; Starts At Buy
Staff Reporter | 27 May 2024Jefferies upbeat on GMR Airports’ prospects due to passenger traffic growth and travel retail opportunity
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
Zee Asks Sony Units To Pay $90 Mln For Calling Off Merger
Staff Reporter | 24 May 2024Zee also terminates the pact, saying Sony Group’s Indian units breached the Merger Cooperation Agreement
IndusInd Int’l Seeks More Time To Implement Reliance Capital’s Resolution Plan
COJ News Desk | 23 May 2024IndusInd International, a part of Hinduja Group, asks NCLT a 90-day extension for implementation of Reliance Capital’s resolution plan
JB Chemicals’ Growth Drivers Intact, Jefferies Says; Keeps Buy, Lifts Target
Staff Reporter | 22 May 2024Jefferies upbeat on JB Chemicals due to its strong execution capabilities, possibilities of positive surprise from CDMO business in the medium term
JSW Steel Unveils $1.68 Bln Fundraising Plan; Also Eyes Acquisition For Coking Coal
Staff Reporter | 19 May 2024Indian steelmaker unveils plans to raise 14,000 crore rupees ($1.68 billion) and also agrees to acquire Minas de Revuboe to secure coking coal
Jefferies Upgrades Mankind Pharma To Buy, Lifts TP After Strong 4Q, Robust Outlook
Staff Reporter | 17 May 2024Jefferies says Mankind Pharma has the potential to consistently outperform industry growth and improve margins consistently
Vedanta Unveils $1 Bln Fundraising Plan, Declares Dividend
COJ News Desk | 16 May 2024Vedanta’s board approves a first interim dividend of 11 rupees per share for FY25
ReNew Secures $1 Bln Financing From Societe Generale For Energy Projects
Staff Reporter | 16 May 2024The pact with Societe Generale will support the financing and development of ReNew’s large-scale energy transition projects
Bharti Airtel Best Placed To Benefit From Rising Mobile ARPUs, Nomura Says; Lifts TP
Staff Reporter | 16 May 2024Nomura says Bharti Airtel will continue to benefit from its higher-quality subscriber base versus peers
Siemens To Demerge Energy Business Into Separate Listed Entity
COJ News Desk | 15 May 2024Shareholders of India’s Siemens will receive one share of Siemens Energy India for each share held in the company
Siemens’ Demerger Offers Added Upside Potential, Jefferies Says
Staff Reporter | 15 May 2024Jefferies says the demerger of Siemens has potential to create additional value as was seen with ABB India in the past
M&M Unit To Sell Entire 30.83% Stake In Associate Firm NDCFS For $51 Mln
Staff Reporter | 14 May 2024Mahindra Holdings will sell the stake in New Delhi Centre for Sight to Space Investments, Defati Investments Holdings and Infinity Partners
