Mysuru Station Revamp to Boost Capacity and Train Traffic Flow
Baashyaam Completes Rs 12.12-Bn Purchase of Prime Nungambakkam Land
Baashyaam Group has completed the registration of a landmark 5.8-acre property on Haddows Road in Nungambakkam, marking one of Chennai’s largest real-estate transactions in recent years. The land parcel, acquired from Standard Chartered Bank, carries a combined value of about Rs 12.12 billion including registration charges.The company is currently evaluating its development strategy for the plot, which sits in one of the most sought-after neighbourhoods in the city. With large contiguous land parcels becoming increasingly rare in central Chennai, the acquisition is expected to play a signifi..
IRFC Raises $300 Mn via SMBC Loan to Drive IRFC 2.0 Expansion
Indian Railway Finance Corporation (IRFC) has secured a $300 million loan from Japan’s Sumitomo Mitsui Banking Corporation (SMBC), marking its first commercial market borrowing since 2021. The finance pact, disclosed through an exchange filing, represents a renewed push by the company to tap global funding avenues as it prepares for a broader developmental role under its IRFC 2.0 vision.The five-year facility is benchmarked to the Tokyo Overnight Average Rate (TONAR), aligning the borrowing structure with Japan’s key interest rate indicator. IRFC, a Navratna public sector enterprise, said ..
ICSI Advocates Principle-Based Stewardship to Tackle Climate Change
With COP30 concluding in Brazil, the Institute of Company Secretaries of India (ICSI) has pressed the need for a principle-based corporate response to climate change and highlighted the strategic importance of embedding Environmental, Social and Governance (ESG) principles into business frameworks for long-term competitiveness.As a statutory body advancing corporate governance best practices, ICSI has positioned stewardship as responsible management of assets and relationships for sustained value creation, introducing the ICSI Guiding Principles on Stewardship (IGPS). The International Financi..
