Foreign portfolio investors increased stake in One97 Communications, parent company of Paytm, by over 2 percentage points to 20.64 per cent in the March 2024 quarter.
Proceeds will be used to refinance the earlier bond raised in 2021. Back then, IRB had raised $300 million 5.5% senior secured notes due 2024 issued by Mauritius-based India Toll Roads (ITR), said two sources. India Toll Roads is an orphan financing vehicle of IRB.
As the presentation of the Interim Budget 2024 approaches on February 1, experts, industry bodies and analysts shared with us their expectations, offering an in
Larsen & Toubro: Recorded a 15 percent year-on-year growth in consolidated net profit at Rs 2,947 crore during Q3. EBITDA margin dropped by 50 basis points to 10.4 percent for the quarter. Dr. Reddy’s: Saw a 10.6 percent year-on-year growth in consolidated net profit at Rs 1,378.9 crore, despite higher tax costs. SRF: Saw a 50.4 percent year-on-year decline in consolidated net
As India gets ready to know the resources allocated for different industries during Budget 2024, they hope for changes in the GST framework to support businesse