BUSINESS
Hitachi Energy picks ICICI Securities, HSBC to raise up to Rs 4,000 crore through QIP
The company plans to use the money to fund capex needs, meet working capital requirements as well as for inorganic growth opportunities
BUSINESS
Edelweiss Alternatives plans to raise up to Rs 3,000 crore from roads InvIT
EAAA invests in infrastructure projects through its Yield Plus Funds, which manages assets worth close to Rs 12,000 crore
BUSINESS
Solar cell manufacturer Jupiter International plans $300 million IPO
The funds will be used by the company to fund its capex plans, which will see the company expand its manufacturing capability beyond just solar cells and become an integrated player manufacturing cells, wafers as well as modules
BUSINESS
Budget amendment limiting carry forward of losses can make distressed deals less attractive, say experts
Recoveries under Insolvency and Bankruptcy Code stand at 31-32 percent of the admitted claims
BUSINESS
IPO-bound Hero Fincorp sees 80% rise in losses from bad loans, profit tumbles
As a result of its growing bad-loan problem, the NBFC's gross non-performing assets are seeing an upward trend again
BUSINESS
NHAI in talks to raise Rs 9,000 crore for its InvIT
The funds will be used to acquire a portfolio of road assets from NHAI. The National Highways Infra Trust has a portfolio of 15 road stretches, spanning 1,525 km spread across nine states
BUDGET
India Inc welcomes Budget's booster dose for consumption
The waiver on personal income tax for income up to Rs 12 lakh is expected to ease the financial burden on the salaried class, soften the impact of rising prices, thereby drive consumption
BUSINESS
Moderation in wages and employment despite robust corporate profit a 'serious concern': Economic Survey
According to the survey, corporate profitability soared to a 15-year peak in FY24, fuelled by robust growth in financials, energy, and automobiles.
BUDGET
Private sector investment growth subdued in FY25 but slowdown temporary: Economic Survey
However, striking an optimistic note, the survey says the slowdown in investment activity is likely temporary.
BUSINESS
Blackstone-Sattva JV to file papers for Rs 7,000-crore REIT IPO by mid-February
With a leasable space of 48 million sq ft, Knowledge Realty Trust will be the biggest in India and the second largest in Asia
BUSINESS
Ankit Nagori’s Curefoods begins work on IPO, in talks to appoint advisers
The Accel-backed food and beverages company could raise $300-400 million through the IPO expected to hit the markets in the latter part of FY26
BUSINESS
UltraTech Cement in advanced talks to acquire HeidelbergCement India
German cement maker Heidelberg owns a 69.39 percent stake in the company, which is listed on the Indian stock exchanges
BUSINESS
Jubilant promoters to tap MFs, HNIs to raise $700 mn to part finance Coca-Cola bottling biz stake purchase
The plan to raise debt from the domestic markets to fund the stake purchase comes even as the promoters have a committed credit line from Goldman Sachs for the entire deal size of Rs 12,500 crore
BUSINESS
PAG in talks to raise $375 million debt to finance $1-billion Manjushree buyout
Asia Pacific-focused PAG on January 13 had announced signing definitive documents to acquire Manjushree Technopack, one of India’s largest rigid plastic packaging companies
BUSINESS
IPO, QIP fundraising to touch Rs 3 lakh crore in 2025: AIBI chairman Lunawat
Lunawat predicts that the Indian market will see significant IPO activity in the next two years, with as many as 1,000 IPOs likely to hit the markets in this period, compared to just 851 in the last six years.
BUSINESS
CVC Capital in talks to restructure Sajjan India’s $350-million acquisition loan
In FY24, the company’s revenue fell 30 percent to Rs 1,052 crore from the previous year. The drop in profit was steeper at Rs 106 crore, down almost 61 percent
BUSINESS
Singtel, KKR agreed to put in checks to address CCI concerns on $ 1.3-billion data centre deal
Singtel and KKR, which together picked up a 26% stake in STT GDC for $1.3 billion in 2024, agreed to safeguards after CCI raised several red flags
BUSINESS
Falling rupee, rising hedging costs may sour India Inc’s offshore borrowing plans
Since Donald Trump's election as the next US president, the rupee currency has fallen 2.86 percent against the dollar in less than three months
BUSINESS
KKR, Canadian pension fund OTPP to infuse Rs 5,500 cr in Highways Infrastructure Trust
The capital will be used to fund the acquisition of two major road portfolios worth more than Rs 15,000 crore (around $1.76 billion)
BUSINESS
Sebi asks IPO-bound companies to disclose whistleblower complaints
The development comes as the market regulator made a rare intervention to stop IPOs of at least two companies in the recent past after whistleblower complaints alleged lapses in disclosures made in their offer documents
BUSINESS
Shapoorji gets bondholder nod to ease covenants, move to help loan refinancing against Tata Sons shares
The group has also received in-principle approval from stock exchanges for the changes to be made to the NCDs
BUSINESS
Sterlite Grid raises Rs 2,450 crore from NaBFID, IIFCL to refinance loans of Mumbai transmission project
Sterlite Grid 32 has 10 completed, and under-construction transmission projects in seven states and the union territory of Jammu and Kashmir, covering approximately 4,500km of transmission lines through a capex of Rs 25,000 crore
BUSINESS
Petronas arm Gentari India to raise $400 mn to supply clean power for green ammonia
The funds proposed to be raised will be used by Gentari to set up around 2,400 megawatts (MW) of solar and wind assets in the states of Karnataka and Andhra Pradesh.
BUSINESS
India Inc enters 2025 with cash reserves of Rs 7.6 lakh crore, up 51% since covid
While global and domestic demand concerns persist, analysts believe strategic investments arising from inorganic opportunities will drive growth
