BigBasket’s profitability plan; UnifyApps eyes $100 million fundingHappy Wednesday! BigBasket is slashing its operational footprint to stay relevant in the quick commerce race. This and more in today’s ETec...
Udaan’s structured funding deal; Temasek pares Lenskart stakeHit by debt troubles, Udaan has closed a structured financing deal. This and more in today’s ETtech Top 5.
Udaan closes $160 million in equity-and-debt deal amid insolvency battleAround $45 million will come as debt from US asset management giant BlackRock's credit platform, while the remainder involves certain bondh...
- US Stock Market: SEC clears path for UBS crisis resolution plan with key bail-in guidance
The US Securities and Exchange Commission will not object to certain UBS securities transactions. This regulatory relief aids Switzerland's...
Global creditors drag Udaan's parent to bankruptcy court in Singapore after $170-million bond defaultInsolvency petition filed this week, A&M appointed as liquidator of B2B commerce company. Ten year old co has seen valuations crash 70% as ...
Jana Holdings to pare Jana Bank stake to repay its bond holdersJana Holdings plans to reduce its stake in Jana Small Finance Bank to below 10% from 17% to meet bondholder payment obligations, including ...
Let's gilt trip those foreign investorsGoldman Sachs highlights Indian government bonds as a prime investment opportunity for foreign investors. Favorable policy changes by the I...
Anchor investors clear path for SP Group's refinancingShapoorji Pallonji Group's anchor investors, including global funds, have agreed to extend relaxed loan-to-value ratios on pledged securiti...
Tech equity sales renew AI debt-binge worriesTech giants are aggressively selling stock, raising billions, signaling a potential spending spree. While this boosts balance sheets, it al...
India’s Shapoorji Pallonji Group seeks fresh bond extension as refinancing dragsShapoorji Pallonji Group is seeking more time to repay Rs 143 billion bonds as refinancing delays persist. Debt backed by its Tata Sons sta...
Britain's pound, gilt prices hold lower after Starmer steps downPrime Minister Keir Starmer's resignation has sent ripples through the UK markets, with the pound and government bond prices dipping slight...
How India can build a bigger oil buffer without straining the exchequerAs tensions around Iran and the Strait of Hormuz ease, India should focus not only on managing the immediate oil crisis but also on strengt...
SP Group seeks more time to repay bonds nearing maturityShapoorji Pallonji Group has reduced its ₹28,500 crore refinancing by ₹3,500 crore and is seeking a two-month extension on ₹14,300 crore of...
A HC ruling raises hopes of recovery for LVB bondholdersThe tier-2 bonds have a loss absorbency feature, which means that if a bank fails, its tier-2 bondholders will absorb any losses ahead of i...
Reliance Home Finance seeks lenders' nod to repay bondholders in JanuaryThe company owes Rs 91.78 crore, includes both principal and the interest, to 19,964 retail bondholders but is unable to pay because of a r...
Jaiprakash Power Ventures reschedules bondholders meetJaiprakash Power Ventures has informed its bondholders that it will not be able to meet its repayment obligations to the tune of $200 milli...
Moser Baer postpones bondholders meet on debt restructuringMBIL said it has postponed the April 16 bondholders meeting where it would have sought their consent to extend the maturity date of outstan...