MUMBAI: Adani Enterprises Ltd tapped the corporate debt market on Tuesday, raising ₹1,000 crore, merchant bankers told Mint. Of the total issue size, ₹300 crore was reserved for anchor investors, while the remaining ₹700 crore was was made available for bidding. ICICI Prudential Asset Management Co. Ltd was the sole investor in the non-anchor portion…
Bengaluru: Fintech lending growth has cooled following the Reserve Bank of India’s (RBI) clampdown on unsecured lending. But risk metrics have not eased much, with delinquency and deep-stage stress remaining elevated, according to credit bureau CRIF High Mark’s latest report. Active loans grew 25.6% year-on-year to a ₹2.1 trillion portfolio by June, slower than the…
Popular movies from the DC Comics franchise and HBO shows such as Game of Thrones, currently split between different networks, could possibly come to Netflix, helping it strengthen its hold over premium, urban viewers. Moreover, this could result in opportunities for distribution while creating spin-offs and sequels. However, eventual success would still depend on pricing…
NEW DELHI: The Centre plans to tender around 3,000 electric buses to Mumbai and Pune under the ₹10,900-crore PM E-Drive scheme, after the Maharashtra government completed the payment security criteria required to access subsidies for clean public transport, according to two officials aware of the development. Under the scheme, the government provides a subsidy of…
The Pharmaceuticals Export Promotion Council of India (Pharmexcil), a trade promotion agency set up by the commerce ministry, has sought information from Indian pharma exporters on payment defaults by foreign buyers. India, the world’s generic drugs capital, exports nearly $28 billion worth of medicines a year making up 20% of the global volume. Around 4,000…
The Supreme Court on Tuesday deferred hearing on petitions filed by gaming companies challenging the law that banned money gaming to November. A bench of Justices J.B. Pardiwala and K.V. Viswanathan heard the matter briefly and said it would be taken up after the Diwali vacation. Lawyers representing gaming companies, including lead petitioner Head Digital…
Bank holiday today: Banks in Bengaluru, Bhubaneshwar, and Chandigarh will remain shut today, on October 7 (Tuesday), for Maharishi Valmiki Jayanti and Kumar Purnima. Overall, October 2025 has 21 official bank holidays, including religious and regional festivities of Diwali, Maha Ashtami, Dussehra, Durga Puja and Chhat Puja; and the monthly weekly offs. Bank Holidays in…
US-based pharmaceutical giant Eli Lilly is set to invest more than $1 billion in India in the coming years to boost its manufacturing and supply capacity by partnering with local drugmakers. The move is a strategic bid to tap into India’s skilled workforce and strengthen the expansion of Lilly’s global manufacturing network. Reuters reported that…
Fifth Third Bancorp plans to acquire Comerica in a $10.9 billion all-stock deal, resulting in one of the largest banks in the US by assets. The deal will establish the 9th largest bank in the US, with around $288 billion in assets. The bank says that the acquisition is expected to benefit shareholders immediately, contributing…
Mumbai: Less than a month after Ozempic maker Novo Nordisk announced it is cutting its global workforce as part of a restructuring plan, the layoffs have hit Indian employees in Bengaluru. Junior- to mid-level employees across functions such as sales and marketing, as well as those in the company’s global business services (GBS) hub, which…