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AAI profit surges 55% to Rs 7,233 crore on small-town air traffic boomThe Airports Authority of India (AAI) reported an unprecedented profit of ₹7,233 crore for FY25. This remarkable increase was driven by a s...
Century Joint Developments raises Rs 750 cr from Ares Management at 21% IRRCentury Joint Developments secured ₹750 crore through privately placed NCDs issued to Ares Management, offering a 21% IRR. The funds will r...
Embassy group looks to raise Rs 1,600 cr debtEmbassy Group plans to raise Rs 1,600 crore through zero-coupon bonds to fund new projects, refinance debt, and acquire a 5% stake in WeWor...
Edelweiss invests Rs 775 cr in Prateek Realtors and Suruchi PropertiesSuruchi Properties is part of Century group, real estate groups based out of Bangalore. The company is engaged in development of residentia...
Suvita Real Estates plans NCD issue to raise Rs 105 crThe bonds have step-up pricing such that the real estate company will pay investors 17.25% for 12 months and 20.25% between 13 and 15 month...
Edelweiss fund to provide Rs 350 cr debt to Adarsh Developers entityEdelweiss Special Opportunities Fund has extended a Rs 350 crore debt facility to Bengaluru's Shreshta Infra Projects. The funding will aid...
Satya MicroCapital raises $60 million from Japan's Sumitomo Mitsui Banking CorporationThe funding will help the New Delhi-based micro loan provider to expand its portfolio. Satya has assets under management of nearly Rs 5000 ...
Microfinance lenders need to raise fresh capital in FY25According to Acuite Ratings & Research, pure-play microfinance lenders in India will need to raise fresh capital in FY25 to sustain their g...
Sterling and Wilson Renewable plans to raise Rs 1,500 crore equityOne of the options under consideration is placing shares with investors through the qualified institution placement (QIP) route, the people...
View: More investments and reforms are required as inflation rises on animal productsA May 2023 Acuite research study (shorturl.at/qLOPZ) analysed the impact of the pandemic specifically on animal protein inflation. These fo...
Three Go First lenders open to rejigging airline's debtThe restructuring will avoid lenders suffering a significant write-down as the loans and debt facilities are currently classified as standa...
Budget 2022-23: Sops for capex, infra, MSME, electric vehiclesThe government continues to provide increasing use of clean energy and EVs. Public transport would increasingly have a higher usage of EVs.
Rating companies form umbrella organisation in a firstThis is the first time that such a self-regulatory body has been formed for rating agencies, like the ones for the mutual fund industry, bo...
Extended curbs may bring downgrades, say rating cosWhile no immediate rating downgrades could happen, a lot of companies in hospitality, retail, travel & tourism, commercial realty and enter...
Will India Inc see rating downgrades on back of localised lockdowns?While no immediate rating downgrades could happen, a lot of companies in hospitality, retail, travel & tourism, commercial real estate and ...
Acuite to form arm to rate companies on ESG criteriaOut of India’s ₹27.12 lakh crore assets under management, about 7% are now in ESG-compliant funds.
Acuité sets up India's first ESG rating companyChristened as ESG Risk AI, it is supposed to be India’s first ESG rating company. It will cover a company’s ESG performance across three ca...
Srei Equipment Finance forms committee to raise fresh capitalThe strategic coordination committee consisting of independent directors would coordinate, negotiate and conclude equity raising, the compa...
Srei ratings cut to 'default', legal battle aheadCare Ratings cut the rank to D for a combination of bank loans and debt securities worth Rs 11,828 crore availed by Srei Infra Finance and ...
Stocks in the news: HDFC Bank, SBI, Route Mobile, Vodafone Idea, STFC and Muthoot FinanceState Bank of India (SBI), the country's largest bank has kicked off its due diligence for restructuring of retail loans.