Saikat Das

  • Government borrowing may rise after RBI paused

    Government borrowing may rise after RBI paused

    The Overnight Interest Rate Swap (OIS) with one-year maturity, a derivative gauge where investors exchange fixed rates for floating, surged 24 basis points to 5.26%, suggesting that traders do not expect any rate reduction for now. The repo rate, or the rate at which banks access funds from the lender of last resort, remained at 5.15%.

    Nirlon inks Real Estate Transaction with JP Morgan

    Nirlon inks Real Estate Transaction with JP Morgan

    J.P. Morgan will take up about 1.15 million sq. ft. of office space that is expected to be delivered by the second quarter of 2021, the company said in release. NKP has a site area of 23 acres and is located on Mumbai’s Western Express Highway in Goregaon.

    NCLT orders liquidation for Lanco Babandh

    NCLT orders liquidation for Lanco Babandh

    The bankruptcy court removed the resolution professional for the Lanco group company, and appointed a liquidator from AAA Insolvency Professionals to sell off the assets

    Jaypee Infra insolvency: NBCC, Suraksha Realty place final bids

    Jaypee Infra insolvency: NBCC, Suraksha Realty place final bids

    NBCC has advanced the completion date to 42 months from 48 earlier and has also increased the land offered to lenders by 100 acres to 1,526 acres. It has also proposed to increase the concession agreement of Yamuna Expressway by 10 years. The final voting of the committee of creditors (CoC) is likely to take place on December 11.

    Bharti Airtel plans share issue first, bonds later to raise funds for AGR

    Bharti Airtel plans share issue first, bonds later to raise funds for AGR

    The primary aim of private placement before tapping global debt markets; firm also looking at taking advantage of negative rates in Europe. The company is in talks with at least half a dozen foreign banks including BNP, Citibank, HSBC, Standard Chartered, Bank of America and JP Morgan.

    SBI refuses to fund Patanjali’s Ruchi Soya buyout on its own

    SBI refuses to fund Patanjali’s Ruchi Soya buyout on its own

    As much as Rs 3,700 crore of the acquisition cost was supposed to have been funded by bank loans with Patanjali infusing Rs 600 crore from its own internal accruals. Bankers are also wary of funding the home-grown consumer goods company after rating downgrades by rating agencies Care and ICRA in October.

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