Welspun Wins Rs 31.5 Billion Order For Mumbai Water Plant
CRISIL Assigns AA+/Stable Rating to Piramal Finance
CRISIL Ratings has assigned a long-term rating of AA+/Stable to Piramal Finance Limited, marking a significant milestone in the company’s multi-year transformation into a scaled and diversified retail-focused lender. Piramal Finance is currently rated AA/Stable on its domestic long-term debt by ICRA and CARE Ratings.The AA+/Stable rating reflects sustained improvements in asset quality, a more granular retail loan book, strengthening profitability metrics, robust capitalisation and a conservative liquidity position. It also factors in the company’s strong promoter backing, which provides f..
IFC, HDFC AMC Tie Up to Boost Private Credit for Mid-Market Firms
International Finance Corporation (IFC) and HDFC Asset Management Company (HDFC AMC) have partnered to expand access to private credit for India’s mid-market enterprises through HDFC AMC’s Structured Credit Fund-I, a Category II alternative investment fund (AIF).Under the agreement, IFC will invest up to Rs 2.20 billion as the anchor investor in the fund, which seeks to address funding gaps faced by mid-sized companies where traditional financing options are limited. The initiative is expected to support job creation, innovation, and the scaling up of businesses across sectors, while stren..
IRFC Secures Fifth Straight ‘Excellent’ DPE Rating Since Listing
Indian Railway Finance Corporation (IRFC), a Government of India Navratna CPSE under the administrative control of the Ministry of Railways, has been awarded an “Excellent” rating by the Department of Public Enterprises (DPE) for the financial year 2024–25. This marks the fifth consecutive year that IRFC has achieved the highest performance rating since its listing in FY 2020–21.The sustained recognition highlights IRFC’s ability to navigate emerging challenges while maintaining institutional strength and delivering consistently strong performance. The DPE rating also underscores the..

