IIFL Samasta Launches Rs 1,000 Crore Bond Issue for Growth and Expansion
IIFL Samasta Finance, a subsidiary of IIFL Finance, is set to raise Rs 1,000 crore through its maiden public bond issue. The bond issue, offering an interest rate between 9.6% and 10.5%, aims to support the company’s growth and capital augmentation. I
Rocky Times: Karnataka’s Granite Industry Faces Unprecedented Crisis
Karnataka’s annual granite exports, valued at Rs 2,000 crore, have halved to just Rs 1,000 crore in the financial years 2021-22 and 2022-23 due to these multiple international crises.
A New Year’s Trend in Auto: Maruti, Tata, Audi to Elevate Prices from January 1
Major Indian and international automobile manufacturers, Maruti Suzuki, Tata Motors, and Audi, have announced price hikes for their vehicles starting January 1, 2024
Spacenet Enterprises Acquires 9% Stake in String Metaverse, Paving the Way for Digital Innovation
Spacenet Enterprises invested Rs 10 crore to acquire approximately 1.1 crore shares of String Metaverse, representing about 9% of the company’s equity. The shares were purchased at Rs 9 each.
SEBI Eases Fundraising Rules for Small NGOs, Enhancing Financial Opportunities
One of the most notable changes is the reduction in the minimum fundraising size for NPOs and NGOs, which has been halved from Rs 1 crore to Rs 50 lakh.
“Navigating Expansion: MapmyIndia’s ₹500 Crore Fundraising Move
CE Info Systems Ltd, operating as MapmyIndia, has recently announced plans to raise funds worth up to ₹500 crore through a Qualified Institutional Placement (QIP).
Mounting Concerns as Stressed Unsecured Loans Cross Rs 93,240 Crore in Bank Portfolios
The Indian banking sector faces a mounting challenge as stressed unsecured loans in bank portfolios soar, crossing the alarming threshold of Rs 93,240 crore.
IEA Projects a Drastic 75% Cut in Oil and Gas Use by 2050 for Climate Goals
A Bold Move Towards 1.5°C Target as Global Energy Landscape Transforms
Breaking the Bank: India’s Surge to 2 Trillion Rupee Borrowing Record
Indian banks have recently witnessed a significant surge in borrowing, crossing the 2 trillion Rupees mark and reaching an all-time high
Blod.in Revolutionizes Healthcare with Blod+: India’s First Blood Logistics Platform
This innovative software and logistics platform addresses the critical issue of blood wastage in healthcare facilities, promising to significantly reduce such wastage and improve the efficiency of blood distribution.