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India crosses 41 lakh household-mark under rooftop solar scheme, to touch 75 lakh in Dec: Joshi
India is set to reach 75 lakh rooftop solar households by December under the PM Surya Ghar Muft Bijli Yojana, a significant jump from the current 41 lakh. The scheme, launched in February 2024, aims to install rooftop solar on one crore households, providing free electricity and financial assistance.
Central Bank of India targets over Rs 3,500 crore bad-loan recovery in FY27
Central Bank of India plans significant recovery from bad loans exceeding Rs 3,500 crore in FY27. The bank will also introduce wealth management and credit card services in the latter half of the current fiscal year. Development of cash management services for corporate clients is also underway. These initiatives aim to boost the bank's financial performance and non-interest income.
BlueStone gains 6% as JM Financial reiterates 'Buy', sees over 20% upside
At the current market price, JM Financial sees an upside potential of over 20 per cent and has maintained a target price of ₹650 per share
AJAX Engineering appoints Ketan Pendse as CFO
AJAX Engineering announced the appointment of Ketan Pendse as its chief financial officer (CFO) and key managerial personnel, effective June 2, 2026.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.
JLR to raise $2 billion five-year loan from global banks to refinance debt
Jaguar Land Rover has announced a pivotal financial strategy, obtaining a $2 billion loan from leading multinational banks. This endeavor serves to refinance debts that are maturing early next year. With the loan priced at 155 basis points above the SONIA rate, it reflects a savvy approach amidst current market uncertainties.
Avaada secures $950 million from global, domestic Banks
Avaada Group has achieved a major milestone. The company announced financial closure for its firm and dispatchable renewable energy project in Bikaner. This marks India's largest fundraise in the segment. Avaada also secured debt financing for two 300 MW solar power projects in Rajasthan and Gujarat.
Avaada Group secures $950 million financing from consortium of global and domestic banks
Avaada Group has achieved financial closure for its Firm and Dispatchable Renewable Energy (FDRE) project in Bikaner, Rajasthan, calling it India’s largest financing transaction in the FDRE segment. The company has also secured debt financing for two 300 MW solar projects in Rajasthan and Gujarat, taking total debt sanctions across the three projects to nearly $950 million.
Suzlon Energy share price extends losses for second straight session. Details here
Suzlon Energy share price dropped nearly 5% after SEBI imposed penalties of around ₹29 crore for financial reporting violations. The regulator found multiple infractions by the company and former executives, stemming from a 2019 anonymous tip that initiated a detailed investigation.
Suzlon Energy shares fall over 2% after SEBI fines Rs 29 crore for misleading financial statements
Suzlon Energy shares 2% dipped after Sebi imposed nearly Rs 29 crore in penalties on the company and former executives for misrepresenting financial positions. The regulator found inflated profits and inadequate disclosures stemming from transactions involving subsidiaries, impacting the company's reported net worth and financial health.
NCLAT offers Supreme Housing final chance to settle Canara Bank dues
Supreme Housing promoters have a final opportunity to settle their debt with Canara Bank. The National Company Law Appellate Tribunal has ordered a deposit of ₹460 crore by June 13. This is the third chance for the company to resolve its financial obligations. Failure to meet this deadline will allow the insolvency process to proceed.
IIFCL eyes record loan sanction of ₹75,000cr in FY27
IIFCL aims for a record ₹75,000 crore in loan sanctions this financial year. The government has removed SIFTI restrictions, giving the lender more flexibility. This allows IIFCL to finance larger projects and participate more broadly in infrastructure development. The company expects stronger growth and faster credit expansion through new lending products.