Vedanta Resources said in an exchange filing that it has repaid three facilities, which were taken from Standard Chartered Bank in London and Hong Kong.
Vedanta Resources Ltd has earlier said it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position.
The initiative will support the company's dealer partners across the country and enable them to expand their businesses and operations, the two-wheeler maker said in a statement.
The new funding round was a mix of long-term debt capital from venture debt firms Alteria Capital and Stride Ventures and working capital finance from banks such as Standard Chartered Bank, HDFC Bank, and ICICI BankLEAD plans to use the funding for financing the company's organic and inorganic growth.
The foreign bank expects the country to record a BoP deficit of $24 billion this fiscal year and $5.5 billion in the next, against a surplus of $47.5 billion last year.
A second FIR alleges that a consortium of banks led by the SBI issued SBLCs for $3,876.60 million to Videocon Hydrocarbons, in violation of rules and without minimum due diligence.
The Mehtas of Winsome Diamonds who owe over a dozen Indian banks more than Rs 5,000 crore now face the heat through proceedings in the high court in London
Gundewar, presently serving as the deputy CFO of the bank, will succeed Bharat Sampat.
CNBC-TV18 in association with Standard Chartered Bank celebrated its marquee event, the 17th India Business Leader Awards on 1st April 2022.
Driving forward the theme ‘Navigating 2022: Chasing the Recovery’, the meeting brought together Global & Indian CEOs to discuss with CNBC-TV18’s Managing Editor, Shereen Bhan, what the year holds amidst the uncertainties brought on by the pandemic
The channel deep dived into the construct of National Monetisation Pipeline with policy makers and industry stalwarts to present a comprehensive analysis of its execution, operations, and implications
The Standard Chartered Bank was fined for failing to report a cyber security incident within the prescribed time period and failure to credit the amount involved in unauthorised electronic transactions, among other reasons.
The consensus view is that the RBI will leave interest rates unchanged at its October 8 MPC meeting and only start to unwind its accommodative monetary policy by reducing the gap between the repo and reverse repo rates early next year.
A notice was issued to Standard Chartered Bank advising it to show cause as to why penalty should not be imposed on it for such non-compliance with the directions, the RBI said.
This means that employees can now declare LGBT+ partner as an eligible beneficiary under the Bank’s medical reimbursement policy
Orissa Sponge Iron and Steel intimated stock exchanges that the sale which happened through off-market transactions took place on Wednesday.
The money will be used to meet the group’s working capital needs and for future debt-related payment obligations
StanChart has approached the NCLAT alleging that the CoC had discriminated against it, as it was being offered only 1.7 per cent of its total dues from Essar Steel's resolution plan, while other financial creditors, forming part of the CoC, were getting over 85 per cent of their dues.
The ministry is filling two applications and a petition against Bawa and his wife and the banks after it has come to light that the parties have broken the orders of the bankruptcy tribunal.
The downsizing is majorly in retail vertical, largely due to the reduced need for people manning operations in face of the cheaper digital alternatives, they said.
The bank has accused the bigger financial creditors of undermining interest of their smaller peers
Standard Chartered Bank (SCB), which has more than 7.5 per cent weightage in the Committee of Essar Steel Creditors, in the petition before the National Company Law Tribunal (NCLT) claimed that ArcelorMittal's revised bid of Rs 42,000 crore was never considered by the CoC.
An official statement said Standard Chartered Private Equity (SCPE) will acquire Naspers' stake in TBO Group, a business to business travel distribution company.
As per the alliance, business account holders at Standard Chartered Bank can pay their suppliers either through cross-border payments or bank transfers from Zoho Books, Zoho's Cloud Accounting software.
Two of the aircraft are to be used for ferrying VVIPs, the Minister of State for Civil Aviation said in a written reply in the Lok Sabha.