Fitch Ratings indicates that the rating headroom for Indian steelmakers has narrowed due to increasing pressures from cheap imports and potential tariff risks. The report highlights that the profitability of…
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NCC Limited has emerged as the lowest bidder for four significant tenders in Amaravati, Andhra Pradesh, with a combined value of ₹16.7 billion. This development signals a major step forward…
PC Jeweller’s board of directors has approved the allotment of 517 million shares to 14 banks in order to settle a debt of ₹1,510 crore. This strategic move allows the…
Manappuram Finance, a prominent gold loan Non-Banking Financial Company (NBFC) in India, announces its board of directors will convene on March 20th to consider a proposal for raising funds. The…
Lemon Tree Hotels has entered into a license agreement to establish a 50-room hotel in Bokaro, Jharkhand. The hotel is projected to open in the financial year 2027. This expansion…
Bombay Burmah Trading Corporation completes the sale of a land parcel in Tamil Nadu for ₹36.47 crore. This transaction represents a strategic move by the company to monetize its non-core…
Shriram Finance successfully raises over USD 306 million from various Development Financial Institutions (DFIs). This significant funding aims to bolster the company’s capital base and support its lending activities, particularly…
Goldman Sachs has downgraded Polycab India Ltd. from a “Buy” rating to “Neutral.” Simultaneously, they have significantly reduced the target price for the stock from ₹6,510 to ₹5,005. This downgrade…
State Bank of India (SBI) has decided to postpone its plans to raise $1.7 billion through foreign currency bonds in the current financial year. The decision is attributed to the…
The Reserve Bank of India (RBI) concludes its scrutiny of IndusInd Bank’s lending practices, specifically addressing allegations of loan irregularities. The RBI’s investigation, which focused on claims of evergreening loans…