Companies that move from investment grade category to sub-investment grade are sometimes referred as "Fallen Angels".
The development helps AGEL overtake ReNew Power as the largest renewable player.
As per the tie-up, customers can avail wide options for getting their car financed from Mahindra Finance, Maruti Suzuki India (MSI) said in a statement.
The petitioner has, in her plea, alleged that Franklin Templeton’s investments over the years were “contrary to prudent commercial activities” and against the interests of its investors.
The total maturing debt of HFCs for 2020-21 is estimated to be Rs 2.9-3.2 lakh crore, of which Rs 1.4 lakh crore is accounted for by debt markets, rating agency ICRA said in the report.
ADIA’s investment will translate into a 1.16 per cent equity stake in Jio Platforms on a fully diluted basis
According to the Grant Thornton forensic audit report, SRBC & Co LLC had earlier taken a decision to make such qualifications in its audit report for 2017-18.
With this investment, Jio Platforms has raised Rs 97,885.65 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks.
Ashu Suyash, MD & CEO, CRISIL told The Indian Express that direct fiscal spending from the overall package is about Rs 2.6 lakh crore or 1.2% of GDP this year. Excerpts:
Naik’s present tenure is scheduled to end on September 30, the company said in a regulatory filing to the BSE. The board also gave approval for extending the tenure of whole-time director Dip Kishore Sen.
Ohanian’s decision to step down comes at a time when the United States is witnessing widespread protests against racism and police brutality after an unarmed African American, George Floyd, died at the hands of the police.
Deloitte said that necessary disclosures were made according to the auditing standards and the same practice was also adopted in successive annual reports after its tenure as auditor.
With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors in under six weeks.
In a conversation with The Indian Express, Piruz Khambatta, chairman and managing director, Rasna, suggests that the government should have given the industry a paycheque protection programme.
With this investment, Jio Platforms has raised Rs 92,202.15 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.
"Tata Sons is in a strong financial position with adequate cash flows to support group companies and new growth initiatives," N Chandrasekaran said in a statement.
The comeback is a sharp turnaround for billionaire Sunil Mittal after grueling competition with Ambani’s Reliance Jio Infocomm Ltd. knocked Airtel off its perch in the world’s second-biggest wireless market by users.
With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors, including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala, in less than six weeks.
“The proposal is to suspend sections 7,9 and 10 of the IBC for a period of 6 months with an enabling provision allowing for it to be extended upto 1 year,” said a government official.
The issue relates to Letter of Assurance/ Letter of Comfort issued by ITNL in order to help borrowing at the special purpose vehicle (SPV) level for projects facing cost overruns or that required bridge funding.