Banks have been wary of lending to Vi because of its huge liabilities, majorly consisting of statutory dues including deferred spectrum payment and AGR liabilities, strained cash flows, and doubts about its ability to service new loans.
Read More
Bengaluru-based GPS Renewables is set for significant expansion in the compressed biogas sector, planning massive capex and a 3.5x revenue jump to ₹3,500 crore by FY28. The company aims to operate 100 plants within three years, supported by government initiatives…
Read More
Reliance Industries has paused its lithium-ion battery cell manufacturing plans in India after failing to secure Chinese technology, highlighting supply chain challenges. The company is now focusing on assembling battery energy storage systems, a move mirrored by other Indian conglomerates…
Read More
Small finance banks are strengthening their risk management. They plan to reduce unsecured loans and boost secured lending like vehicle and housing loans. Credit guarantee schemes will cover more microfinance loans. This strategy aims to prevent asset quality issues. Banks…
Read More
Jain, who served as the global head of finance and CFO of Eternal’s business-to-business (B2B) grocery supply vertical Hyperpure, had stepped down in December 2024 to explore other opportunities.
Read More
Sebi is proposing major changes to stock market trading rules. The aim is to make things simpler for everyone involved. Many overlapping rules will be combined into one clear framework. This includes rules for trading, price limits, and deal disclosures.…
Read More