The tenor of the loan is likely to be five years. It may be priced 110-120 basis points above the Secured Overnight Financing Rate (SOFR), the benchmark that replaced Libor. The deal is expected to be sealed in the next few weeks.
State-owned Engineers India Ltd (EIL) reported an over 3-fold on-year jump in net profit to Rs 302 crore for the third quarter ended December 31,
Market veteran Madhusudan Kela advises investors to focus on wealth creation and ignore market noise, viewing volatility as an opportunity. He emphasizes the importance of
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