The non-convertible debenture issue of IIFL Finance, which had opened for subscription on 27-Sep was closed on 08-Oct, a week ahead of its scheduled closing on 18-Oct. The response to the IIFL NCD was much bigger than originally anticipated and with

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.

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

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 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

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

Just a couple of days after Moody’s upgraded India’s sovereign rating outlook from “Negative” to “Stable”, it has followed up with a more micro rollout of upgrades. It has upgraded the outlook for 18 Indian companies in all, which include

The government built on its reforms package for the telecom sector. One of the major announcements was 100% FDI in telecom through the automatic route. Currently, while 100% FDI in telecom is permitted, only 49% is allowed through the automatic route

The Bombay Stock Exchange announced that circuit filters had been modified for a total of 560 stocks listed on the BSE. These changes in price bands or circuit filters for the stocks will be applicable with effective from the start of trading on 07-O