by PTI News | Feb 7, 2022 | 9:34 pm | News
New Delhi, Feb 7 (PTI) Quick Service Restaurant (QSR) chain KFC on Monday apologised following an outrage on social media over a post from its Pakistan-based franchise supporting separatists in Kashmir. "We deeply apologize for a post that was published on some KFC social media channels outside the country. We honour and respect India, and [...]
by PTI News | Feb 7, 2022 | 9:33 pm | News
Hyderabad, Feb 7 (PTI) In a fresh attack on the NDA government at the Centre, working president of the ruling TRS and Telangana Industries Minister K T Rama Rao on Monday alleged that the Centre is trying to privatise the State-owned mining firm Singareni Collieries. "The coal of Singareni Collieries is a big asset for [...]
by PTI News | Feb 7, 2022 | 9:26 pm | Corporate Action, News
New Delhi, Feb 7 (PTI) JSW Energy on Monday said that India Ratings has upgraded its long-term credit rating to IND AA (stable) from IND AA- (stable). "Long-term credit rating of JSW Energy Ltd has been upgraded to IND AA (stable) from IND AA- (stable) by India Ratings Pvt Ltd, the wholly-owned Indian subsidiary of [...]
by PTI News | Feb 7, 2022 | 9:08 pm | News
*Ugro Capital raises Rs 138 cr debt in impact financing from ResponsAbility Mumbai, Feb 7 (PTI) Small businesses focused non-banking lender Ugro Capital has raised its first impact focused debt investment of Rs 138 crore from funds managed/advised by the Switzerland-based impact investor ResponsAbility.The transaction was structured in two legs: in the first leg raising [...]
by PTI News | Feb 7, 2022 | 9:02 pm | Corporate Action, News
Mumbai, Feb 7 (PTI) Trifecta Capital on Monday announced a Rs 1,500 crore fund raise to be invested in equity issuances by domestic companies. The company, which has traditionally been in venture debt, had launched the Trifecta Leaders Fund - I, its maiden offering on equity, in May 2021. It announced a first close in [...]
by PTI News | Feb 7, 2022 | 8:51 pm | Economy, News
New Delhi, Feb 7 (PTI) India is ranked second after China among the emerging market economies in terms of issuance of green bonds, Minister of State for Finance Pankaj Chaudhary informed Lok Sabha on Monday. India's statement at COP26 had noted that substantial scaling up of climate action would require greater resources and low cost [...]
by PTI News | Feb 7, 2022 | 8:50 pm | Company Results, News
New Delhi, Feb 7 (PTI) State-owned Punjab & Sind Bank (PSB) on Monday reported a net profit of Rs 301 crore for the quarter ended December 2021 as the lender saw good growth in overall business mix and better cash recoveries following its turnaround strategy started a year back. The lender had posted a net [...]
by PTI News | Feb 7, 2022 | 8:48 pm | Corporate Action, News
New Delhi, Feb 7 (PTI) Noida-based OneTo11 on Monday announced that it has raised USD 2.5 million in its private and seed funding round. The investment round was led by a wide selection of investment and capital groups and global blockchain investors like Jason Stone and Carl Runefelt. "The company plans to utilise the acquired [...]
by PTI News | Feb 7, 2022 | 8:39 pm | Economy, News
New Delhi, Feb 7 (PTI) Karnataka Chief Minister Basavaraj Bommai on Monday demanded interest-free loan, more funds for building COVID-19 health infrastructure and waiver of conditions for discoms to avail bank loans in the southern state. Bommai, who is in Delhi on a two-day visit, put forward the demands at a meeting with four central [...]
by PTI News | Feb 7, 2022 | 8:39 pm | Company Results, News
New Delhi, Feb 7 (PTI) Gujarat Industries Power Company Ltd (GIPL) on Monday reported a nearly nine per cent fall in its standalone net profit to Rs 27.91 crore for the December 2021 quarter, mainly due to lower revenues. The company had reported a standalone net profit of Rs 30.60 crore in the quarter ended [...]
