Mumbai: HDFC Life Insurance will raise ₹1,500 crore through non-convertible debentures (NCDs) after its board approved the plan on Friday. The insurer will issue ₹1,000 crore in NCDs, with an option to raise an additional ₹500 crore via a greenshoe option, all on a private placement basis. The NCDs, carrying a coupon rate of 8.05% … Read more
Are some private equity (PE) and venture capital (VC) investors more equal than others? The capital market regulator has asked several funds to reveal the names of investors who have been offered beneficial terms by the funds and have representation on the funds’ investment committees. Many PE and VCs – or, alternative investment funds (AIFs), … Read more
Pranav Haldea, MD, Prime Database Group, says though there have been exits worth Rs 4.27 lakh crore this year versus Rs 2.26 lakh crore during the same period last year, that is not a negative. It is a sign of a maturing capital market ecosystem. Several of these PE and VC investors came in and … Read more
Ajay Singh, promoter of SpiceJet, is likely to dilute his shareholding in the cash-strapped airline by more than 10% stake in an effort to raise about ₹3,000 crore, said people aware of the development. Singh will remain SpiceJet’s single-largest shareholder after the fundraising, which is expected to be completed by September, the people said, adding … Read more
Phillip at the waterfall near the YakaPark Fish Farm (Image: PA Real Life) A British holidaymaker tragically lost his life after a minor graze on his leg led to a deadly infection. Phillip Maile, 65, from Worthing, West Sussex, was vacationing in Oludeniz, Turkey, with his wife Vanessa in September 2022 when he contracted necrotising … Read more
A new mum who thought she just had “dry eyes” was diagnosed with a brain tumour and told she had just months to live. Rachael Burns, 22, started noticing changes to her eyesight after giving birth to her daughter, Raeya, one. The migraines she had suffered with for years intensified and she went to see … Read more
Bank of India has raised ₹5,000 crore through the issuance of infrastructure bonds, with the state-owned lender receiving bids far in excess of the notified amount for the debt sale. On Thursday, Bank of India sold 10-year infrastructure bonds for a total of ₹5,000 crore at a rate of interest of 7.54%, the lender informed … Read more
(NewsNation) — President Joe Biden‘s White House bid shows no signs of slowing down, despite uproar after his presidential debate performance on Thursday. His perceived confusion on stage caused Republicans, Democrats and major newspapers alike to raise concerns over his ability to perform presidential duties if reelected. Outlets like the Atlanta Journal-Constitution and The New … Read more
Mumbai: Warburg Pincus-backed Ecom Express is looking to enter the primary market with a ₹3,000-crore initial public offering (IPO), according to two people aware of the development. The third-party logistics company has appointed bankers including Kotak Capital, IIFL, Axis Capital, and UBS, according to one of the sources. “Ecom Express has initiated the process for … Read more
(NewsNation) — Throughout the 2024 election campaign, current President Joe Biden’s team has had a distinct cash advantage over his Republican opponent and predecessor, Donald Trump. This appears to have changed, though, as the former president’s campaign reportedly brought in $141 million during the month of May, far outpacing Biden’s $85 million. The latest boost … Read more
