PVR Inox, India’s leading multiplex operator, has seen its stock rise by 20% since early August, outperforming the S&P BSE Sensex. The surge follows a tough Q1 for FY25, driven by a strong lineup of blockbuster films and an improving Market sentiment. Q2 is expected to show a 20% revenue growth, with occupancy rates increasing ...
In his first Independence Day speech, Telangana Chief Minister A. Revanth Reddy revealed alarming facts about the state’s escalating debt, which skyrocketed from Rs 75,577 crore in 2014 to Rs 7 lakh crore in 2024. The Congress government aims to tackle this issue by avoiding high-interest loans and fulfilling election promises like writing off farm ...
 "Vedanta prepares for significant dividend discussions amidst a strategic debt reduction plan, eyeing billion in savings.")
Vedanta Ltd, a leading mining company, announced that its board will meet on October 8 to discuss the approval of a fourth interim dividend for the 2024-25 financial year. If approved, the record date for shareholders eligible for this dividend will be October 16, 2024. So far, Vedanta has declared a total dividend of Rs ...
 "The Finance Ministry pushes for quicker debt resolution, targeting persistent low-value cases to declog Debt Recovery Tribunals.")
The Union Finance Ministry is urging banks and Debt Recovery Tribunals (DRTs) to engage with borrowers outside of formal proceedings to tackle the backlog of cases. Many small-value cases are significantly clogging the system, with 75 percent of pending cases between Rs 20 lakh and Rs 1 crore. To streamline the process, the ministry recommends ...
 "IRB Infrastructure Investment Trust plans ₹2,667 crore debt refinancing to eliminate external liabilities, enhancing financial stability amid mixed earnings performance.")
IRB Infrastructure Investment Trust (InVIT) is set to raise Rs 2,667 crore through term loans to refinance existing debt, aiming to eliminate external debt for its six Special Purpose Vehicles (SPVs). This move will extend the loan duration and lower financing costs. Currently, InVIT manages road assets across several states, including Karnataka and Rajasthan. Although ...
 "PMEA Solar prepares for a dramatic IPO, seeking Rs 600 crore to expand manufacturing and repay debt amid soaring revenues.")
PMEA Solar Tech Solutions Ltd has filed for an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi). The IPO aims to raise Rs 600 crore through a fresh issue, along with an offer to sell 11.24 million shares from existing promoters. The funds will be used for capital investments, including ...
 "BYJU’S faces a .2 billion lawsuit from lenders as founder disputes debt claims amid allegations of financial mismanagement.")
BYJU’S is facing legal challenges from US lenders represented by Glas Trust, who demand repayment of a $1.2 billion Term Loan B. The founder, Byju Raveendran, claims the company’s verified debt is only around Rs 20 crore, arguing this means he may not owe anything. However, the lenders insist that both Raveendran and the Insolvency ...
 "Mankind Pharma’s Bold Move: Financing Rs 13,630 Crore Acquisition Amidst Debt")
Mankind Pharma, India’s fourth-largest pharmaceutical company, plans to raise over Rs 9,000 crore through non-convertible debentures and short-term commercial paper to fund its Rs 13,630 crore acquisition of Bharat Serums and Vaccines Ltd. The company expects an average borrowing cost of about 8.5 percent. This acquisition will significantly enhance Mankind’s position in the gynaecology-fertility Market, ...
 "China’s Shift: Navigating Africa’s Debt Trap Towards Profitable Partnerships")
As Chinese President Xi Jinping hosts African leaders in Beijing, he enters a new economic phase focused on generating greater returns while minimizing risks. Over the last decade, China has invested over $120 billion in Africa through its Belt and Road Initiative, but some projects have faltered, leading to accusations of debt traps and corruption. ...
A recent survey by the Federal Reserve has revealed that overdue bills and debt delinquencies are on the rise in the United States. As the economy continues to struggle, more and more Americans are falling behind on their payments, signaling potential financial distress for many households. Stay informed on the latest developments regarding the growing ...
