Co-lending and leasing becomes the key tool this year

Piramal Group's subsidary invests Rs 6 bn in Annapurna Finance

Piramal Alternatives, the fund management arm of the Piramal Group, has made a significant investment in Annapurna Finance Private Limited, amounting to Rs billion. This investment includes Rs 3 billion to acquire a 9.85% stake in Annapurna through a secondary purchase of shares, along with an additional Rs 3 million for subscribing to Annapurna's optionally convertible debenture. ?The deal involved a combination of secondary purchase of shares and providing Tier-II capital. The structured capital solution will help fuel the risk-calibrated growth of the company's assets under management?, com..

Tata Motors to restructure NBFC arms with Tata Capital for streamlined operations

Tata Motors is strategizing a significant restructuring move, aiming to separate its vehicle financing subsidiaries under Tata Motors Finance Ltd and merge them with Tata Capital. This initiative, as insiders revealed, seeks to streamline operations and alleviate the balance sheet leverage of the automotive giant.

The proposed process involves a share-swap agreement wherein Tata Sons, the conglomerate's holding company, will offer Tata Capital shares to Tata Motors, resulting in the latter acquiring a minority stake in Tata Capital.

Tata Capital, a flagship financial services e..

Govt reviewing RBI's proposal for increased infrastructure provision

Government officials are currently assessing the draft rules proposed by the Reserve Bank of India, which call for higher provisioning in infrastructure projects. It is anticipated that lenders will oppose these rules on various platforms. Concerns have been raised by officials regarding the potential consequences, fearing that they might result in an increase in interest rates and disrupt the momentum of capital expenditure.

According to individuals familiar with the matter, once the evaluation process is complete, the draft rules will be deliberated upon with the banking regulator du..

India, Iran Ink 10-Year Chabahar Port Deal

India and Iran have finalised a ten-year agreement for the development and operation of the strategic Chabahar port following a breakthrough in sourcing equipment. This significant deal underscores the deepening economic and strategic ties between the two nations, facilitating enhanced connectivity and trade opportunities.

The pact for Chabahar port, located in southeastern Iran, is a crucial component of India's efforts to establish a robust maritime corridor connecting it to Central Asia and beyond. With the agreement in place, India aims to leverage Chabahar's strategic location to ..

Adani Port Talks Remain Stalled

Negotiations between Adani Ports and striking workers at the Gangavaram Port in Visakhapatnam have reached a stalemate. The workers, who have been protesting for better wages and working conditions, continue to hold out for their demands.

The striking workers, primarily from local fishing communities, have not seen a salary increase in 14 years, despite the port's substantial profits. Their main demands include a minimum monthly wage of ?36,000, health benefits, and better job security. They argue that their current wages, which range from ?3,700 to ?18,000 per month, are insufficient,..