YES 'looking at' Citax’s $500 mn offer leaves fundraising in doubt
YES Bank came under heavy selling pressure on Tuesday due to uncertainty over fundraising.
Bharti Realty talks to French chain Lafayette for 1st store
The company has also held discussions with Cupertino based tech giant Apple for w...
US-based Capital Int’l commits to invest $120 million in YES Bank
The bank plans to raise $2 bn on a preferential allotment basis from eight ...
YES Bank’s $2 billion fund raising plan fails to lift stock; what’s the worry?
YES Bank last week said Canadian billionaire Erwin Singh Braich is likely to be a prime investor and buy more than half of the total equity dilution, or $1.2 billion.
Canada-based Erwin Singh Braich expresses $1.2 billion interest in YES Bank
The bank also received interests from GMR Group and Associates, , Aditya Birla Family Office and Rekha Jhunjhunwala to the tune of $50 million, $25 million and $25 million respectively.
Finance Commission likely to reject $12 billion package to help utilities cut pollution
The ministry submitted its proposal to the Finance Commission, which reviews government spending, in February.
Cheers to the tycoons: Ratan Tata, GM Rao conferred with honorary doctorates
The honorary doctorates were conferred on them by Amity University.
Hyderabad airport begins trials on body scanners
The Hyderabad international airport has commenced a three-month trial of the body scanner for passengers. The scanners operate on SAFE radio wave security system, which is an image-free scanning technique, and is completely harmless and poses no threat of privacy infringement.
Tata Group restructures GMR deal to meet regulatory norms
A 15% holding for the Tatas would keep its effective stake in Delhi International Airport Ltd, the GAL unit that runs the airport in the national capital, below 10%. Tata, GIC & SSG Capital Management have agreed to invest Rs 8,500 crore in GAL.
AAI to bid for Greater Noida airport, compete with partner GMR
AAI is in the process of taking legal opinion for placing its bid for the proposed international airport in the national capital region (NCR).
Below investment grade companies set to raise big dollars
The overseas market has generally been more receptive to highyield issuances this year."
Adani Group sets up new company to manage airport businesses
In Feb, the Adani Group won the mandate to run all 6 govt-owned airports that were put up for privatisation.
China, Maldives clash over mounting Chinese debt as India warms up to Male
Maldives owes China $3.4 billion as repayment for loans for projects undertaken during Yameen's rule.
GMR sells stake in Chhattisgarh power plant to Adani Power for Rs 3000 cr
Bankers to the project had opted for change in management of the stressed plant held by GMR Generation Assets Ltd, a wholly owned subsidiary of GMR Infrastructure, an official statement said.
Adani Power to acquire GMR Chhattisgarh Energy
The consortium of lenders has issued a Letter of Intent dated June 24, 2019, approving Adani Power's (APL) resolution plan to acquire controlling equity stake and restructure debt in GCEL, Adani Power said in a regulatory filing.
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