Macrotech Developers, better known for its Lodha brand of properties, has embarked on a major debt reduction program. It may be recollected that when Macrotech came out with its IPO in April 2021, one of its major focus areas was to cut down on debt.

In a market where digital IPOs have been the rage, one more Unicorn name from India is expected to hit the IPO market soon. OYO requires no introduction. Anybody who has tried to book hotel rooms at reasonable rates at short notice have used OYO at s

Reliance New Energy is already getting aggressive in its latest domain of green energy. A day after the company had picked up 100 in Norwegian REC Solar Holdings for $771 million, it announced an important acquisition in India. Reliance New Energy s

It was another robust quarter for TCS, India’s largest and most valuable software company and the second most valuable company on the stock exchange after RIL. TCS reported 16.77 growth in total sales at Rs.46,867 crore for the Sep-21 quarter. The

Paytm may be a household name in India across urban and rural centres. But they have a huge challenge on hand and that is to get their Rs.16,600 crore IPO oversubscribed. The size of the issue is too large and the stakes are too high, so obviously Pa

On Thursday, the NCLT Appellate Tribunal (NCLAT) gave a reprieve to Zee by giving them more time to respond to the EGM demand raised by Invesco Fund and OFI Global China Fund. Here is a quick time line of key events in the Zee-Invesco case and how

The board of Piramal Enterprises approved a composite scheme of arrangement under which the pharma business of the Piramal group would be hived off into a separate company and would also be listed. The core Piramal Enterprises will only house the fin

On 08-Oct, the monetary policy maintained status quo on repo rates and reverse repo rates. It looked like the RBI and the Monetary Policy Committed (MPC) did not want to upset the applecart at a time when Evergrande and US inflation were posing huge

The Rs.2,768.26 crore offer for sale of Aditya Birla Sun Life AMC Ltd consisted entirely of an offer for sale. The issue had been priced in the band of Rs.695 to Rs.712 per share and the price has been discovered at Rs.712. The issue had closed for s

The price of Brent crude has rallied to above $83/bbl and is now at the highest level that oil has since in last 2014. In short, oil is at the highest level in the last 7 years. What is it that has contributed to this sharp rally in oil prices? It is

Just a day after the RBI suspended the boards of SREI Infrastructure and SREI Equipment Finance, the promoters of SREI group have filed a writ petition against the RBI. The writ petition has asked the court to strike down the referring of SREI group

The partnership between Future Group and 7-Eleven was supposed to be the big bang retail story for India. However, things changed dramatically post the pandemic. Future group got deep into debt and was pushed to the point of insolvency, forcing the g