Shapoorji Pallonji Group Seeks Extension for Bond Payments

15 May 2024 CW Team

Amidst financial challenges, the Shapoorji Pallonji Group has made a formal request to extend the timeline for clearing payments owed to bondholders. This move underscores the conglomerate's proactive approach in managing its financial obligations amidst a challenging economic landscape.

The request for an extension reflects the complexities faced by the Shapoorji Pallonji Group in the current economic environment. Like many other businesses, the group has encountered liquidity constraints and operational hurdles exacerbated by the ongoing COVID-19 pandemic and its associated economic impact.

Despite these challenges, the group is committed to fulfilling its financial commitments. By seeking additional time for payment clearance, the Shapoorji Pallonji Group aims to navigate its financial constraints effectively while continuing to engage constructively with stakeholders.

The Shapoorji Pallonji Group, with its diverse portfolio spanning real estate, construction, and infrastructure sectors, holds a prominent position in India's corporate landscape. Its request for a payment extension underscores the broader economic challenges facing the business community and the need for flexibility and cooperation in addressing financial hurdles.

The outcome of discussions between the group and bondholders will be crucial in determining the path forward for both parties. The group's commitment to transparent communication and responsible financial management is paramount as it strives to overcome current challenges and maintain its long-term financial stability.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..