Articles for tag: Crore, Debt, Earnings, Eliminate, Enhancing, External, Financial, Infrastructure, Investment, IRB, Liabilities, Mixed, Performance, Plans, Refinancing, Stability, Trust

Market News

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 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 ...

Market News

Prime Minister Modi inaugurates new Vande Bharat trains, enhancing India’s rail connectivity with speed, safety, and modern amenities.

Prime Minister Modi inaugurates new Vande Bharat trains, enhancing India’s rail connectivity with speed, safety, and modern amenities.

Prime Minister Narendra Modi is set to launch six new Vande Bharat trains today in Jharkhand, enhancing India’s railway network. These trains offer faster travel, advanced safety features, and luxurious amenities, significantly improving passenger experience. The new routes connect key locations such as Tatanagar-Patna and Gaya-Howrah. With this addition, the Vande Bharat fleet expands to ...

Market News

Zomato partners with IRCTC to deliver meals directly to train passengers, enhancing travel comfort across 88 cities in India.

Zomato partners with IRCTC to deliver meals directly to train passengers, enhancing travel comfort across 88 cities in India.

Zomato has teamed up with the Indian Railway Catering and Tourism Corporation (IRCTC) to launch a new service called ‘Zomato – Food Delivery in Trains.’ This collaboration allows passengers to enjoy a wide range of meals during their train journeys, making travel more enjoyable. The service is currently available in 88 cities and has successfully ...

Market News

Akums Drugs secures a patent for a novel Hydroxyurea formulation, promising affordable treatment for Sickle Cell Disease and enhancing patient care.

Akums Drugs secures a patent for a novel Hydroxyurea formulation, promising affordable treatment for Sickle Cell Disease and enhancing patient care.

Akums Drugs and Pharmaceuticals has announced that it has received a patent from the Indian patent office for an innovative formulation aimed at treating Sickle Cell Disease (SCD). This new oral suspension of Hydroxyurea is designed to be stable at room temperature, making it easier for patients to manage this genetic blood disorder that causes ...

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In a dramatic test, the Indian Navy successfully launched a short-range missile, enhancing its defense capabilities off Odisha’s coast.

In a dramatic test, the Indian Navy successfully launched a short-range missile, enhancing its defense capabilities off Odisha’s coast.

On September 12, 2024, the Indian Navy and the Defence Research and Development Organisation (DRDO) successfully conducted a flight test of a new surface-to-air missile off the coast of Odisha. This Vertical Launch Short Range Surface-to-Air Missile (VL-SRSAM) was launched from a land-based system and effectively tracked and engaged a high-speed aerial target flying at ...

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Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.

Kalpataru Projects secures ₹2,774 crore in new orders, expanding into airport construction and enhancing its global engineering footprint.

Kalpataru Projects International Ltd (KPIL), a leading engineering and construction company in India, has secured new orders worth Rs 2,774 crore. These projects include significant work in Transmission & Distribution overseas and an EPC project for the Airports Authority of India, as well as a Design & Build project for residential buildings in India. Manish ...

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Sebi’s new rules ease margin trading, allowing cash collateral as maintenance margin, enhancing business efficiency and reporting requirements.

Sebi’s new rules ease margin trading, allowing cash collateral as maintenance margin, enhancing business efficiency and reporting requirements.

The Securities and Exchange Board of India (Sebi) has introduced new guidelines to ease margin trading for investors. Now, securities funded with cash collateral can qualify as a maintenance margin for the margin trading facility (MTF). This change aims to reduce the need for additional collateral. Sebi received requests from Market participants to modify the ...

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Adani Ports secures a 30-year concession to develop Berth No. 13, enhancing cargo capacity at Deendayal Port by 2027.

Adani Ports secures a 30-year concession to develop Berth No. 13, enhancing cargo capacity at Deendayal Port by 2027.

Adani Ports and Special Economic Zone (APSEZ) has recently signed a concession agreement to develop Berth No. 13 at Deendayal Port in Kandla, Gujarat. This berth, designed to handle multipurpose cargo, is set to be operational by FY27 and has a capacity of 5.7 million metric tons annually. APSEZ established a new subsidiary, DPA Container ...

Market News

PhonePe partners with Liquid Group to enable seamless UPI payments for Indian travelers in Singapore, enhancing their travel experience.

PhonePe partners with Liquid Group to enable seamless UPI payments for Indian travelers in Singapore, enhancing their travel experience.

Walmart’s fintech company, PhonePe, has teamed up with Liquid Group to enhance payment options for Indian travelers in Singapore. This partnership allows PhonePe users to easily scan QR codes at various locations, including popular tourist spots like Changi Airport, restaurants, and shops. Ritesh Pai, CEO of International Payments at PhonePe, expressed excitement about enabling quick ...

Market News

Infosys and Proximus forge a strategic partnership, enhancing digital services and security solutions for businesses and residents in Belgium.

Infosys and Proximus forge a strategic partnership, enhancing digital services and security solutions for businesses and residents in Belgium.

Infosys, a leading IT services firm, has joined forces with Belgium’s Proximus Group to enhance their digital offerings. This strategic partnership aims to create new business opportunities by developing a joint Market approach. By combining Infosys’ digital services with Proximus’ International affiliates’ products—such as Route Mobile’s Communications Platform and Telesign’s Digital Identity solutions—they plan to ...

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