Tata Power is set to raise ₹2,000 crore through a bond sale. This funding will support debt refinancing, renewable energy investments, and general corporate needs. The company will issue two securities, raising ₹1,000 crore each in three and five-year non-convertible bonds. This move marks Tata Power’s return to the bond market after over two years.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.