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Cash-strapped Vi, under a debt of ₹1.9 lakh crore and with ₹920 crore cash balance at June end, received a lifeline recently when the government decided to offer a four-year moratorium on spectrum and adjusted gross revenue (AGR) dues, as part of a relief package.

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With governance in sharp focus at India Inc, corporate boards and top management may find it tougher to push their agenda if not aligned with wider interests of all shareholders. Empowered investors are increasingly voicing concerns on a spate of controversial issues, ranging from compensation, appointments and related party transactions, ending the era when AGMs were considered just a regulatory tick-box item, and most resolutions sailed through.

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The National Company Law Tribunal directed Zee Entertainments Enterprises to submit reply on a petition filed by Invesco and OFI Global China by Thursday.

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Three global funds - Partners Group, CVC Capital and Blackstone Group - are in talks with a bunch of investment banks for financing arrangements to back their recent acquisitions, multiple sources with knowledge of the matter told ET.

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The Srei group had forwarded the proposal to RBI for a review a couple of months ago, the executives said. Arena is an institutional asset manager that provides solutions for those seeking capital in special situations

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HDFC Bank saw its advances book grow by around 15.4% year on year at the end of the September quarter, proforma numbers released by the private sector lender showed. Its total loans aggregated to Rs 11.98 lakh crore at the end of September, up 4.4% sequentially. It’s total loans were at Rs 10.38 lakh crore at the end of September 2020.

Mutual funds rush to float balanced advantage funds

Updated at : 2021-10-06 07:20:01

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Balanced advantage funds are gaining currency, outdoing plain-vanilla equity mutual funds in popularity.

HDFC Bank eyes strategic investor in NBFC arm

Updated at : 2021-10-06 07:20:01

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The discussions are preliminary in nature, but with the management confident of asset quality improving in a post-pandemic economy, this is the right time to kickstart a monetisation exercise, said experts. Some HDFC Group watchers also see this as a precursor to an eventual listing.

The issue of securities could be through private placement, preferential issue, qualified institutions placement (QIP), follow-on public offering ("FPO"), or a combination thereof.

PE inflows plunge 30% in Q3 to $17 bn: Report

Updated at : 2021-10-06 01:20:01

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Internet specific companies attracted maximum funds in 2021 with the total sum invested amount touching $16.43 billion from $5.23 billion in 2020, followed by software ($8.22 billion), as well as financial services ($1.66 billion).

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