Corporate finance
Blackstone to close their multi-strategy fund following a 90% drop in assets
22 Nov 2023
According to reports from Tuesday, 21 November 2023, Blackstone is planning to close a fund that exposes its investors to a variety of hedge funds and trading strategies.
Bharti Airtel considers raising $1 billion fund to settle spectrum dues
21 Nov 2023
One of India’s biggest telco giants, Bharti Airtel, led by Sunil Bharti, is exploring new ways to raise funds amounting to up to $1 billion, or around Rs 8,330 crore.
Australian trading bourse and TCS to partner up to create trading software
20 Nov 2023
ASX Ltd., an Australian bourse operator, has partnered with Tata Consultancy Services (TCS) to create a product-based solution to replace its trading, clearing, and settlement systems.
Byju's faces a $1.2 billion loan default fallout as lenders assume control of key units
10 Nov 2023
In a significant development for Byju's, once considered one of India's premier tech startups, lenders have formally declared a default on a $1.2 billion loan as they take control of a vital unit of the education technology provider
Vedanta engages in discussions to secure up to $2.5 billion for repayment to international bondholders
09 Nov 2023
Vedanta Resources Limited (VRL), a prominent diversified mining company headquartered in London, is in the final stages of devising a plan to raise up to $2.5 billion (approximately Rs 20,800 crore) to meet impending debt repayment deadlines.
Adani Group in talks to sell stake in Adani Wilmar, expected to focus on infrastructure
06 Nov 2023
In a significant development, the Gautam Adani-led Adani Group is reportedly in advanced discussions to divest its entire 43.97 percent stake in Adani Wilmar Ltd.,
Govt to pick up 33% stake in ailing Vodafone Idea
06 Feb 2023
After the fresh equity infusion by the government, the shareholding of the promoters will come down to around 50 per cent from the pre-December 2022 level of around 75 per cent - Vodafone Plc holding 48 per cent and Aditya Birla Group 27 per cent
Vodafone wins arbitration award in Rs20,000-cr retro tax case
28 Sep 2020
British telecom major Vodafone plc concluded the purchase deal of Hong Kong-based Hutchison’s assets in India from the Netherlands, in order to avoid paying tax anywhere
Infosys announces buyback at Rs1,150
19 Aug 2017
McDonald's to dismantle Luxembourg tax structure
09 Dec 2016
EDC Canada to fund Tata Sons $500 mn annually to boost business with Canadian companies
05 Nov 2015
Tata Sons has invested over C$1.3 billion in Canada over the past five years, and various companies' currently source from over 1,000 Canadian suppliers
Reliance Industries raises $1 bn via foreign bond sales
23 Jan 2015
RIL has achieved the lowest coupon rate ever achieved by a non-Japanese Asian company in the BBB category for a 10-year, $1 billion or more issue
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation