The fundraise will kick off in the coming two to three months, these people added. The move comes as top-rated issuers increasingly tap the bond market to capitalise on falling yields. Currently, the trust has about ₹21,700 crore of outstanding debt–mostly bank loans–with a blended cost of borrowing around 8% per annum. The loans are…
BENGALURU : Yes Bank Ltd’s decision to give the Japanese Sumitomo Mitsui Banking Corp (SMBC) the right to place its nominee directors on the lender’s key board committees, including the audit and nomination and remuneration panels, has prompted two proxy advisory firms Institutional Investor Advisory Services India Ltd (IiAS) and Stakeholder Empowerment Services (SES) to…
Indian theatres are gearing up for one of the year’s biggest box-office weekends this Independence Day, with Yash Raj Films’ War 2 and Rajinikanth’s Coolie expected to deliver a combined opening of ₹120–130 crore, according to trade experts. The success of recent films like Saiyaara ( ₹300 crore) and Mahavatar Narsimha ( ₹130 crore) has…
ICICI Bank Minimum Balance: ICICI Bank changed its minimum balance requirement policy on Thursday, August 13, for savings accounts opened after August 1, following public criticism after a significant increase. What are the revised minimum balance requirements? ICICI Bank‘s official website states that the minimum balance for urban and metro areas has been reduced to…
Green hydrogen infrastructure along highways is next on India’s transport map ₹600 crore green hydrogen highway pilot with IOCL, BPCL, HPCL, Tata Motors, Ashok Leyland, Volvo Eicher to build fuelling, storage, and infrastructure for hydrogen-powered heavy-duty vehicles under Vision 2047.”/> Source link
India Inc. is plagued by candidates dropping out after accepting a job offer, indicating hesitancy in the job market. Many candidates prefer to stay back and pick up a counteroffer from their current employer than join a new place, a Mint+Shine study found. For 22% of the companies surveyed, dropouts were the “biggest hiring challenge”…
Creditors to bankrupt firms could get their hands on a wider pool of valuable assets and claw back money from more shady promoter transactions, once latest changes to India’s insolvency rules take effect. While the Insolvency and Bankruptcy Code (IBC) remains the primary mode for bankruptcy resolution, lenders often seize assets of defaulting companies under…
ICICI Bank vs SBI vs HDFC Bank Minimum Balance: ICICI Bank has been under fire from the general public after hiking its minimum balance for savings accounts. The ICICI Bank minimum balance for savings accounts has been hiked by five times for customers in urban areas. Here is a comparison between minimum balance requirements of…
They propose to focus on the creditor-initiated insolvency resolution process which involves creditors settling insolvency matters out of court, thereby reducing the burden of cases on insolvency tribunals. The National Company Law Tribunal (NCLT) will only have to approve the resolution plans, thus reducing the timelines under the IBC. Mint takes a closer look at…
As the general entertainment category (GEC) grapples with audience fatigue and a shortage of fresh storytelling, JioStar’s Colors is doubling down on a two-pronged strategy: socially rooted fiction and high-impact nonfiction. Known for portraying issues such as child marriage and transgender rights, the channel is also riding the popularity of reality hits such as ‘Bigg…