Bank of America extends Rs 800 cr loan to ReNew Power
The five-year rupee-denominated green loan facility will help the company lower funding costs as the proceeds will primarily be used to prepay an existing offshore loan before its scheduled repayment date. The onshore loan, according to a local banker, could be priced at a spread of 200-250 basis points over three-month Treasury Bills, which yielded […]
Archean can prove a profitable play on Speciality Chemicals
Chennai based ACI manufactures specialty marine chemicals such as bromine, industrial salt and sulphate of Potash. These chemicals are produced from brine fields typically in the environmentally sensitive coastal areas that require several regulatory hurdles. This creates a high entry barrier for new entrants.
Phoenix Mills July-September net profit Rs 185.8 crore, up 212% on year
Income from retail operations for the quarter rose 95% to Rs 456 crore, while income from residential business saw 5% decline to Rs 57.9 crore. Total income from office business rose 3% to Rs 43.5 crore, the company said in a regulatory filing.
IDFC First Bank’s transformation to retail complete; NPA woes behind, says CEO V Vaidyanathan
” I don’t look a gift horse in the mouth. The merger(of Capital First and IDFC Bank) brought with it a banking licence which is super precious,” said V Vaidyanathan.