Author: Janhavi.mehra

JK Tyre & Industries Ltd. in New Delhi said on Wednesday that World Bank Group member IFC will invest USD 30 million (about Rs 240 crore) to acquire a 5.6% ownership in the business and help finance the growth of the production of energy-efficient tyres. Image Source : Getty Images According to the company’s regulatory filing, the IFC investment in JK Tyre & Industries will partially finance the expansion of manufacturing capabilities and the integration of cutting-edge, resource-efficient technologies in the production of commercial and passenger car radial tyres, which have better safety and longevity. JK Tyre BackgroundJK Tyre and…

To guarantee that its chocolates and cookies reach more homes, Mondelez India plans to invest 4,000 crore over four years in expanding its manufacturing capacity and constructing more warehouses and cold-chain facilities. The investment will not include brand and advertising expenses, but will focus on increasing capacity, expanding reach, and meeting growing demand for their products. This investment is part of Mondelez’s strategic move to significantly accelerate its investments in India, which it considers a key market. According to reports, India accounts for about $1.4 billion of revenue for parent Mondelez, with the local unit controlling nearly two-thirds of the…

/*! elementor – v3.11.5 – 14-03-2023 */ .elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=”.svg”]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}   The Indian finance ministry stated in a monthly report on Monday that the country’s large corporate debt load will play a significant role in preserving the macroeconomic stability of India. A strong debt profile of Indian corporations is important for maintaining macroeconomic stability, attracting foreign investment, accessing credit, improving credit ratings, and reducing risks. The report stated that the strong debt profile of Indian corporates is a key factor in reducing the vulnerabilities of the Indian economy to external shocks. Macroeconomic stability How is macroeconomic stability achieved…

Byju’s, the Indian edtech company, has reportedly offered to pay a higher interest rate on a $1.2 billion TLB ( Term loan B) to attract investors. The company is seeking to raise funds to finance its expansion plans, including acquisitions and investments in international markets. Image source: Moneycontrol Byju’s BackgroundReason for rate hikeImportance of TLB Byju’s Background Byju’s has been one of the fastest-growing edtech companies in India, with a valuation of over $16 billion. The company has been expanding aggressively, both in India and internationally, and has made several acquisitions in recent years. Byju’s has also raised significant funding…

Shaktikanta Das, governor of the Reserve Bank of India (RBI), has issued a warning to banks against any accumulation of asset-liability mismatches, stating that both are harmful to financial stability and that they may have contributed to the ongoing crisis in the US banking system. The Governor was quick to recognise and guarantee that the domestic financial system is robust and that the worst of the inflation is behind us while delivering the annual KP Hormis (Federal Bank founder) memorial speech on Friday in Kochi. RBI chief Shaktikanta Das (Image source: NDTVProfit) Asset-liability mismatch-US banking crisis-Problems that banks can face…

By taking ‘decisive measures’ to borrow up to $54 billion from the Swiss central bank, Credit Suisse, a major Swiss investment company, is exercising its option to maintain its liquidity and investor confidence. After the failures of Silicon Valley Bank (SVB) and Signature Bank, American businessman and author Robert Kiyosaki predicted that the Swiss investment powerhouse Credit Suisse will be the next bank to fail. The 167-year-old Swiss lender is currently in a mess that may be attributed to a spate of scandals over many years, changes in top management, multi-billion dollar losses, and a lacklustre strategy. Image source: The…