[ad_1] MUMBAI: Reliance Capital‘s lenders will receive the proceeds from the company’s sale to the Hinduja group only in the next financial year. They had earlier asked for the purchase consideration to be paid in March to enable them to book revenues during the current financial year. IndusInd Holdings, a Hinduja company and the winning…
[ad_1] MUMBAI: Troubled edtech startup Byju’s on Tuesday said that the $533 million it received from foreign lenders as part of a $1.2-billion term loan B has been parked with a non-US subsidiary of the firm and not “siphoned off“.Four of Byju’s investors had recently argued in a court that the company has siphoned off…
[ad_1] MUMBAI: Byju Raveendran, founder and CEO at troubled edtech startup Byju’s hit out at a group of investors, stating that their move to disable the company from using the funds raised through the rights issue has hindered disbursement of salaries to employees. “….I regret to inform you that we will still be unable to…
[ad_1] The People’s Bank of China injected nearly $50 billion worth of low-cost funds into policy-oriented banks last month, suggesting the central bank may be ramping up financing for housing and infrastructure projects to support the economy.The outstanding amount of the PBOC’s Pledged Supplemental Lending programme to policy banks climbed to 3.25 trillion yuan ($456…
[ad_1] NEW DELHI: Investor interest in hospitals peaked this year with investments by private equity (PE) and venture capital (VC) firms rising by over 15 times to cross Rs 30,000 crore over a 4-year period from Rs 1,921 crore in pre-Covid 2019. This comes even as there is a slowdown in overall funding globally, with…
[ad_1] Rising debt payments are eroding the spending power of Indian households and threatening to choke off the funds that fuel the fastest-growing major economy.Household financial assets, including bank deposits, cash and equity investments, after deducting debt servicing and consumption, eased to 5.1% of gross domestic product in the fiscal year ended March from 7.2%…
