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State Bank of India torn between BlackRock and Funding Coal

SBI’s loans to the power sector stood at 1.86 trillion rupees at the end of March with 319.2 billion rupees of loans to renewable energy, according to the bank’s latest analyst presentation India’s biggest bank is caught between Larry Fink and Narendra Modi. State Bank of India needs to finance coal projects to meet the […]

Adani Group Companies Stocks: Big Decline in Market Cap – All You Need to Know

CBI books Hyderabad-based firm, its MD for Rs 166-crore bank fraud

The company has been doing business with State Bank of India since 2006 with an initial credit limit of Rs seven crore, which was increased to Rs 243 crore within four years, they said NEW DELHI: The CBI has booked Hyderabad-based Chadalavada Infratech Ltd and its Managing Director for allegedly cheating State Bank of India […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Reliance Power to eye value accretive growth opportunities

Anil Ambani also said that the company is committed to cleaner and greener power and is undertaking capital expenditure of Rs 3,300 crore to install Flue-gas desulfurization (FGD) in its coal based plants New Delhi: Reliance Power Chairman Anil Ambani on Tuesday said that the company’s focus will be on value accretive growth opportunities while […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore

SBI Agrees To Extend Moratorium To NBFCs

India’s largest lender State Bank of India will allow non-banking financial companies to avail the benefits of a three-month repayment moratorium permitted by the Reserve Bank of India, a senior bank official told BloombergQuint on condition of anonymity. On March 27, RBI had allowed banks to offer the moratorium to term loan borrowers, among others. […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Punjab National Bank extends moratorium to NBFC

  Summary RBI on Saturday had conveyed to top banks that even NBFCs including microfinance firms and housing finance companies are covered under `borrowers’ to be eligible for moratorium. The central bank also told them they could use their discretion to decide the eligibility of firms based on their credit and liquidity profile. Kolkata: Punjab […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Suzlon Energy’s total debt at Rs 14,262 cr, includes FCCB worth Rs 1,376 cr

The company’s total outstanding borrowing from banks or financial institutions is Rs 12,885.75 crore, according to a regulatory filing by Suzlon. Suzlon Energy on Tuesday said its debt as on March 31 stood at Rs 14,262.06 crore, which also includes outstanding foreign currency convertible bonds worth Rs 1,376.30 crore (around $172 million). The company’s total […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Suzlon Energy bondholders okay resolution plan for $172 million bonds

The company had called a meeting of bondholders on April 6 seeking their nod for resolution of the outstanding $172 million bonds. Suzlon Energy on Monday received approval from bondholders for a resolution plan for outstanding securities of $172 million, the company said. The company had called a meeting of bondholders on April 6 seeking […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

SBI unanimously approved the restructuring of Suzlon Energy’s Rs 14,000-cr debt 

The company is working on finalising various definitive agreements with the lenders, it told BSE The State Bank of India (SBI)–led consortium has unanimously approved the restructuring of Suzlon Energy’s Rs 14,000 crore worth of debt, the company said in a filing with the BSE. “The company is working on finalising various definitive agreements with […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore