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Indifi ties up with GPay to source loans

Mumbai, Jan 14 (PTI) Small businesses-focused lending platform Indifi on Friday announced a partnership with Alphabet's payment app, Google Pay, for helping it source new lending opportunities from merchants. Google Pay has 10 million merchants, who will be given the option of availing a pre-approved loan from Indifi in the app itself, based largely on [...]

Anurag Yadav Appointed as CEO of IHH Healthcare India

Mumbai, Maharashtra, India – Business Wire India ​Mr Anurag Yadav is appointed as the Chief Executive Officer of IHH Healthcare India, effective today. Anurag joined IHH Healthcare in April 2017 as the Chief Financial Officer (CFO) of its India Operations Division, where he oversaw the financial activities of IHH’s network of hospitals in India (excluding [...]

ICICI Prudential AMC joins hands with US-based First Trust Advisors

Mumbai, Jan 14 (PTI) ICICI Prudential Asset Management Company has entered into a collaboration with the US-based First Trust Advisors, which is into actively-managed exchange-traded funds, to launch a slew of global fund of funds. Under the agreement, ICICI Prudential AMC will first launch a strategic metal & energy equity fund of funds, which will [...]

JSW Infra raises USD 400 mn in maiden international bond sale

Mumbai, Jan 14 (PTI) Sajjan Jindal-led JSW Group's port development arm on Friday announced a USD 400 million fundraise through a bond issue from international investors.The money raised in the issue by JSW Infrastructure will be used to repay the existing debt of the company and its subsidiaries.The issue of the sustainability linked bond (SLB) [...]

REC raises USD 1,175 million from a consortium of seven banks

New Delhi, Jan 14 (PTI) State-owned REC has raised USD 1,175 million from a consortium of seven banks.In a landmark transaction, REC Limited (REC) successfully raised USD 1,175 million from a consortium of seven banks as the Mandated Lead Arrangers and Bookrunners (MLABs), a statement said.According to the statement, this is the single largest syndicated [...]

EVage raises USD 28 mn from RedBlue Capital

New Delhi, Jan 14 (PTI) Electric commercial vehicle startup EVage on Friday said it has raised USD 28 million (over Rs 205 crore) from US-based venture capital firm RedBlue Capital.The funding will allow EVage to complete its factory outside of Delhi in FY 2022-23 and scale up production, the company said.EVage supplies EV trucks to [...]

CRISIL Ratings to call out ESG impact on credit profiles

MUMBAI, India, Jan. 14, 2022 /PRNewswire/ -- CRISIL Ratings will start disclosing the impact of environmental, social and governance (ESG) parameters separately when assigning credit ratings, taking cognisance of their increasing importance in investment decisions and when accessing capital world over. The past couple of years have seen ESG-led investments gain traction. ESG assets stood [...]

NODWIN Gaming acquires Planet Superheroes in Rs 4.9-crore deal

  New Delhi, Jan 13 (PTI) NODWIN Gaming, a subsidiary of BSE-listed Nazara Technologies, on Thursday said it has acquired comic, pop culture and superheroes merchandising retailer - Planet Superheroes.While NODWIN did not disclose the financial details, Nazara Technologies said the transaction value is Rs 4.9 crore."...Board of Directors of Nodwin Gaming Pvt Ltd, a [...]

SBI raises USD 300 mn of Regulation S Formosa bonds

Mumbai, Jan 13 (PTI) State Bank of India (SBI) on Thursday said it has raised USD 300 million from Regulation S Formosa bonds offering a coupon of 2.49 per cent. Formosa bond is a bond issued in Taiwan. SBI, through its London branch, raised USD 300 million in 5-year money, which was benchmarked against the [...]
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