Adani Energy Solutions, previously known as Adani Transmission, has announced the financial closure of $1 billion for its transmission asset currently under development in Mumbai. The company plans to initiate construction work in October. The financial package forms part of a $700 million revolving project finance facility set up in October 2021 for… Continue reading Adani Energy achieves $1 bn financial closure for transmission asset
Tag: financial
Minister, Opposition spar after Data Bill classified as ‘financial Bill’
The introduction of the Digital Personal Data Protection Bill in the Lok Sabha on Thursday led to heated debate with Information Technology (IT) Minister Ashwini Vaishnaw seeking to quash speculation that the Bill could be classified as a ‘money Bill’ classification. He described it as a “normal Bill”, but the Lok Sabha website has… Continue reading Minister, Opposition spar after Data Bill classified as ‘financial Bill’
Nifty Financial Services may see correction; PSB index eyes profit booking
The Nifty Financial Services index (current market price: 20342.05) has recently shown signs of near-term range-bound movement on charts. Investors are closely monitoring the index’s behavior within the range of 20415 to 20180, as a trade above or below this range could trigger significant directional movements. The primary support levels to watch are set at… Continue reading Nifty Financial Services may see correction; PSB index eyes profit booking
Fedbank Financial Services to raise up to Rs 1,400 cr from IPO this year
Fedbank Financial Services is aiming to raise up to Rs 1,400 crore through an Initial Public Offering (IPO) by the end of 2023, a top official at its promoter entity Federal Bank has said. The Non-Banking Finance Company (NBFC) arm of the South-based bank re-filed its Draft Red Herring Prospectus for an IPO… Continue reading Fedbank Financial Services to raise up to Rs 1,400 cr from IPO this year
Global financial architecture needs to be alerted to suit requirement: Kant
Global financial architecture needs to be alerted to meet the requirement of emerging nations like India, Brazil and South Africa as they are the global growth drivers, India’s G20 Sherpa Amitabh Kant said on Saturday. The flow of resources has to be directed towards emerging countries as 80 per cent of global growth… Continue reading Global financial architecture needs to be alerted to suit requirement: Kant