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The EU s AI Act and the Brussels effect  - The Hindu BusinessLine

The EU s AI Act and the Brussels effect  - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

S&R Associates (PPO Opportunities)

S&R Associates (PPO Opportunities)
legallyindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from legallyindia.com Daily Mail and Mail on Sunday newspapers.

NBFC business has to hit the reset button after RBI strengthens norms

We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources, says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an AA rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.

IndiGrid raises Rs 670 crore via institutional placement

Infrastructure investment trust IndiaGrid has raised Rs 670 crore through institutional placement. IndiGrid, India’s first publicly listed power sector Infrastructure Investment Trust (InvIT) has successfully raised Rs 670 crore through an Institutional Placement process as laid out by SEBI, a

indigrid: IndiGrid raises Rs 670 crores through institutional placement

The Board of Directors of IndiGrid Investment Managers acting in the capacity of investment manager of IndiGrid, approved the issuance and allotment of 5.27 crore new units through the institutional placement to 11 eligible investors on December 8, 2023. More than 90% of incremental units were issued to insurance companies, mutual funds, pension funds, and domestic institutions.

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