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The deal is at an advanced stage and is likely to be concluded in the coming weeks, as the salt-to-steel conglomerate looks to pare debt and strengthen its balance sheet ahead of a planned public issue of the alternate energy unit.

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ToT Project Bundle 6 includes 4 Lane Agra Bypass of 32.8 km and 4 Lane Shivpuri Jhansi of 75.3 Km. ToT Project Bundle 7 consists of 135-km long Eastern Peripheral Expressway of NCR and Bundle 8 consists of 139-km Borkhedi-Wadner-Deodhari-Kelapur- Maharashtra/Telangana Border of NH-7.

IIFCL invests Rs 325 crore in InvIT's long-term debt

Updated at : 2022-02-07 08:20:04

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Government-owned India Infrastructure Finance Company (IIFCL) on Sunday said it has forayed into the long-term infrastructure bond market by subscribing to a non-convertible debt issued by Virescent Renewable Energy Trust an infrastructure investment trust (InvIT).

PB Fintech, TII, Union Bank, TVS Motors, Minda Industries, GSK Pharma, Sundaram Finance, KPR Mills, Nalco, Indian Bank and Phoenix Mills are among the companies that will announce their December quarter results today.

Asian shares slip as US jobs stunner hammers bonds

Updated at : 2022-02-07 08:20:04

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Asian share markets mostly eased on Monday after stunningly strong U.S. jobs data soothed concerns about the global economy but also added to the risk of an aggressive tightening by the Federal Reserve. Geopolitics also remained a worry as the White House warned Russia could invade Ukraine any day and French President Emmanuel Macron prepared for a trip to Moscow.

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Two years after the pandemic sent the global economy into a deep but short recession, central bankers are withdrawing their emergency support -- and they’re moving faster than they or most investors had foreseen.

Is ESG investing just a passing fad?

Updated at : 2022-02-06 17:35:03

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ESG has put many proponents and naysayers at loggerheads.

FPIs net sellers at Rs 6,834 cr in Feb so far

Updated at : 2022-02-06 16:20:10

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"FPIs sold heavily in banks and IT and were buyers in metals," noted V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Bharti Airtel stock can rally up to 20%: Rahul Shah

Updated at : 2022-02-06 16:20:10

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"After Google’s deal with Airtel, I think this stock will remain in focus."

Funds raised from fresh issue will be used for funding investment in IT assets for expansion and existing IT infrastructure of the company, support working capital requirements and general corporate purposes.

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