Page 47 - Dev Chatterjee

Tata Power's plan to reduce debt through InvIT gets delayed

The company was planning to bring down its gross debt to below Rs 25,000 crore from Rs 49,000 crore with the InvIT structure

Reliance Capital debt resolution may be delayed over subsidiaries

Options of settling the finances of eight units of Reliance Capital that are financially sound leads to disagreement between bidders and administrator.

Jindal Power in race to buy RCap, Srei in bid to enter financial services

Jindal Power was hived off from its listed parent, Jindal Steel and Power last year to the promoter family and has been bidding for various bankrupt entities since

Three Adani group firms get $2 bn investment from Abu Dhabi's IHC

AGEL, ATL and AEL are market leaders in their sectors and form the Adani Group's green energy portfolio. The Capital will be used for expanding business.

Electricity to cost more in Maharashtra on coal and gas price hike

State allows all companies to raise power tariffs all across; Maharashtra now joins growing list of States to have allowed higher electricity tariff

Invesco to sell 7.8% stake in Zee worth Rs 2,200 cr on Thursday

Invesco will sell Zee shares at the rate of Rs 270.50-Rs 290.90 per equity share - a discount of up to 7% discount to the last close price of Rs 290.90 on Wednesday on NSE

Tata Sons looks to monetise assets, raise foreign loans in FY23

The company's net debt was Rs 30,327 crore, while its cash and liquid investments were Rs 2,410 crore as of February end, according to banking sources

Adani Group receives approval to set up university in Ahmedabad

The Adani University will start offering programmes from Academic Year 2022 in Ahmedabad.

The wait gets longer for lenders, homebuyers in Jaypee Infratech resolution

March 31 deadline for Rs 22,600 cr debt resolution missed as litigation delays process; matter has been dragging on for five years instead of six-month deadline under IBC

SP Group exits one-time resolution plan; repays Rs 12,450 cr to lenders

SPCPL's one-time resolution of debt was unanimously implemented on March 31, 2021 by all the lenders of SPCPL after construction activities came to a grinding halt due to Covid

Tata subsidiary joins insurance consortium to provide cover to Air India

Tata AIG will be part of the $12-billion insurance package for A-I

Electricity tariffs may rise in Mumbai on spike in global coal prices

Maharashtra power regulator had set tariff for Mumbai users for 5 years in March 2020 when Richard Bay coal prices were at $64-72 a tonne. Since then, coal prices have quadrupled

Tata AIG, ICICI Lombard join race to buy insurance units of Reliance Cap

Parties can either bid to buy the entire company or any one or more of its eight clusters.

Adani Total Gas to set up 1500 EV charging stations in India

The units, located at the firm's CNG station at Maninagar in Ahmedabad, will enable quick turnaround time for EV owners using digital platforms

Invesco drops call to remove Zee Entertainment MD & CEO Punit Goenka

Supports Sony merger; Zee welcomes move

Tata group companies cut debt by selling shares, some biz portfolios

Group's net debt fell to Rs 2.04 trn in FY21 from Rs 2.6 trn a year ago; Debt of unlisted Tata Sons, the holding company, will go up this fiscal with Air India deal

Bombay High Court allows EGM to vote on Zee managing director removal

Invesco holds an 18 per cent stake in Zee and wants to remove Goenka from the board and appoint its own nominees after a bitter legal feud broke out between the shareholders.

Suzlon Energy awaits shareholder approval for a third bailout package

The new lenders are bailing out the company by infusing additional funds and converting their loans worth Rs 4,100 crore into equity

APSEZ port crosses 300 mn tonnes of cargo handling through 12 ports

It took 14 years to achieve 100 MMT annually with five ports in its portfolio, and doubled it to 200 MMT with nine ports in just the next five years

Our vision is to cut edible oil imports totally, says Ruchi Soya

Edible oil and food products major Ruchi Soya Industries, which will launch its Rs 4,300-crore follow-on public offer in the next few days, intends to reduce its edible oil imports in 5 to 7 years