VRL faces potential rating action by S&P Global in the absence of a credible refinancing plan by July end for $1 billion bonds. On Friday, it told investors that the brand fee, at 3% of VDL’s annual revenue and subject to reviews within the six-year set mandate, can be increased to 5% without shareholders’ approval.
New senior citizens policy in the works after 25 years
India is developing a new senior citizen policy and amending the Maintenance and Welfare of Parents and Senior Citizens Act 2007 to address the needs
November 15, 2024