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BoB, Mizuho Bank forge partnership to enhance collaboration in M&A financing
Bank of Baroda has joined forces with Japan's Mizuho Bank to boost their capabilities in mergers and acquisitions financing. This collaboration leverages Mizuho's global reach and structured finance expertise with BoB's strong Indian market presence and corporate ties. The partnership aims to enhance joint origination, structuring, and syndication of acquisition financing, alongside M&A advisory and risk distribution, promising a significant boost for cross-border deals.
Adani Ports emerges top contender for Karanja Terminal takeover
Adani Ports is poised to acquire Karanja Terminal & Logistics, with creditors endorsing its ₹625-crore recovery plan. The nation's top port operator has offered full repayment to financial creditors for their outstanding dues. This development follows Prudent ARC's acquisition of nearly all of Karanja's debt, signaling a significant shift in the company's future.
Prudent ARC top bidder for Aban Offshore debt
Prudent ARC has become the highest bidder for Aban Offshore's ₹1,080 crore debt from Punjab National Bank, offering ₹193 crore. This marks the first time a bank has sold Aban Offshore's debt, resulting in an excess recovery for PNB compared to the promoters' settlement offer. The move allows PNB to avoid lengthy legal recovery processes.
Government and RBI building vital buffer against external volatility by appropriate liquidity measures to support inflow of foreign capital: FICCI
Mr Anant Goenka, President, FICCI said, FICCI welcomes the RBIs decision to keep the policy repo rate unchanged at 5.25 per cent while maintaining a neutral stance. This is a balanced and prudent decision given the heightened global uncertainty and maintaining policy stability at this juncture provides confidence to businesses and investors alike. FICCI also welcomes the proactive regulatory measures announced by the Ministry of Finance and the RBI to strengthen external sector resilience and facilitate capital inflows. The decision to review the regulatory framework for Foreign Portfolio Investments in Government Securities along with rationalisation of taxes on such investments will deepen the G-Sec market and attract greater participation of FPIs in Indian government securities.
MPC holds rate unchanged but stays vigilant for greater clarity to emerge as risks of higher inflation amplify: RBI
RBI noted in its MPC policy that there are considerable risks to the MPCs baseline assessment of inflation and growth due to the uncertainty about the duration and intensity of the conflict, magnitude of its spillover effects and the pace of restoration of supply chains. Additionally, the food outlook remains uncertain on account of the subnormal south-west monsoon forecast and El Ni. Although risks of higher inflation have amplified, the MPC felt it would be prudent to wait for greater clarity to emerge. Accordingly, the MPC voted to keep the policy rate unchanged. At the same time, the MPC will continue to remain data-dependent and closely monitor the developments, including supply side pressures getting embedded in the general price level and inflation expectations.
Vacancy levels in India’s commercial office space to drop 50 bps this fiscal
India's Grade A commercial office space vacancy is projected to decrease by 50 basis points to 15.5-16.0% this fiscal, driven by healthy net leasing growth and ongoing project completions. Despite global uncertainties like AI disruptions, steady cash accruals and prudent leveraging will maintain stable credit profiles for rated office players.
HUL Backs PM Modi's Austerity Push, Plans To Scale Up EV Use, Curb Foreign Visits
The FMCG major described the government's push for austerity measures as a "prudent step" aimed at ensuring long-term national stability, while adding that the Indian economy continues to remain resilient despite global uncertainties.
'No WFH Mandate Yet': Govt Sources Clarify After PM Modi's Prudent Fuel Usage Appeal
No formal directive for work-from-home is being planned at this stage.
PM Modi Doubles Down On Prudent Fuel Usage Appeal, Stresses On WFH, Deferred Gold Purchases
PM Modi compared the crisis triggered by the US-Iran war with Covid-19 pandemic that broke out in 2020.
Prudent Corporate Advisory Services consolidated net profit rises 14.24% in the March 2026 quarter
Sales rise 27.40% to Rs 360.59 crore
Banks create buffers to cover war-related credit risks
Indian banks are strengthening their finances. They are creating special funds to handle risks from the West Asia crisis. This proactive step aims to protect against potential credit issues. Banks like Axis Bank, Union Bank of India, Indian Overseas Bank, and Indian Bank are setting aside significant amounts. This move ensures resilience and prudent risk management amid global uncertainties.
Banks create buffers to cover war-related credit risks
Indian banks are strengthening their finances. They are creating special funds to handle risks from the West Asia crisis. This proactive step aims to protect against potential credit issues. Banks like Axis Bank, Union Bank of India, Indian Overseas Bank, and Indian Bank are setting aside significant amounts. This move ensures resilience and prudent risk management amid global uncertainties.