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Lakshay

Jio Financial Services in talks with merchant bankers for maiden bond issue.

For its first bond offering, Jio Financial Services in India is in preliminary discussions with merchant bankers, four bankers told Reuters on Monday.  The bankers stated that the company would try to raise between Rs 5,000 crore ($600.6 million) and...

India’s total tax receipts likely to exceed Budget Estimate in FY24

According to government sources, the strong trend in direct tax and GST collections that is now in place is expected to continue, with the possibility of exceeding the Budget Estimate significantly in the fiscal year 2023–2024. These estimates, however, are...

Whatsappening? Telcos call out tech companies over business SMSes

By using WhatsApp and other unregulated platforms to send enterprise messages to customers, an industry group representing India's top three Telcos has accused global consumer technology majors like Microsoft and Amazon of "presumably circumventing and bypassing the legal telecom...

Jindal India throws its hat in the ring for Future Enterprises by submitting debt resolution plan

According to those briefed on the situation, Jindal (India), supported by the family that owns Jindal Poly Films, has filed a debt resolution plan for Future Enterprises under the Insolvency and Bankruptcy Code (IBC) procedure. According to the individuals mentioned...

Orient promoter CK Birla taps Adani for cement business sale

Following his rejection of earlier offers from other domestic companies for not meeting his valuation criteria, industrialist CK Birla has approached Gautam Adani to sell his promoter interest in listed Orient Cement, individuals with knowledge of the talks informed...

Adani Ports confident of making $650 million foreign currency bond prepayments by Feb: Karan Adani

The business empire of Gautam Adani, which includes airports, ports, mines, energy, and real estate, has been under assault from the opposition for the past few years due to allegations of corporate wrongdoing and claimed close ties to the...
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