Warburg Pincus sells 2.49% stake in PVR for Rs 380 crore

Warburg Pincus, through its affiliate Berry Creek Investment Ltd, sold the shares in PVR.

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Adani sees financial closure for petrochemical project in six months

After the financial closure, “full-fledged procurement and construction activities at the site will commence,” the ports-to-power conglomerate said in a statement Monday. “We are committed to completing the project in an expeditious manner so as to meet the original timelines.”

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Air India confident on funding for world’s biggest Aircraft deal

“We have the backing of Tata Sons, so there is financing available for these aircraft,” CEO Campbell Wilson said in an interview with Bloomberg News on the sidelines of the CAPA India Aviation Summit in New Delhi on Monday. “We have already made some downpayments for these aircraft from our internal funds.”

from Moneycontrol Business News https://www.moneycontrol.com/news/business/air-india-confidentfunding-for-world’s-biggest-aircraft-deal_16933331.html

Air India confident on funding for world’s biggest Aircraft deal

“We have the backing of Tata Sons, so there is financing available for these aircraft,” CEO Campbell Wilson said in an interview with Bloomberg News on the sidelines of the CAPA India Aviation Summit in New Delhi on Monday. “We have already made some downpayments for these aircraft from our internal funds.”

from Moneycontrol Business News https://www.moneycontrol.com/news/business/air-india-confidentfunding-for-world’s-biggest-aircraft-deal_16933341.html

Hi Fabrique Group acquires Tessitura Monti Spa#39;s India business

Tessitura Monti India Pvt Ltd (TMIPL), is a wholly-owned subsidiary of Tessitura Monti Spa, Italy, which is globally one of the finest manufacturers of processed luxury and high-value cotton fabric, said a statement.

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MC Insider: Realty firm#39;s IPO roadblock, PMS losing out on sin stocks, SEBI alert for MFs and more

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Glenmark gets USFDA nod to market generic medication

The company has received nod from the US Food Drug Administration (USFDA) for Prochlorperazine Maleate Tablets USP, 5 mg and 10 mg, the Mumbai-based drug maker said in a statement.

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ADP, GMR Airports Infrastructure to merge joint venture With GMR

ADP and GMR Airports Infrastructure own 49% and 51%, respectively, of the unlisted GMR Airports Ltd., according to a statement Sunday from the French company, which operates Paris’s Charles de Gaulle and Orly.

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TCS among top 10 firms to suffer Rs 2.09-lakh-crore hit on market value

The 30-share BSE Sensex plummeted 1,145.23 points or 1.93 per cent. Corporate major Reliance Industries#39; m-cap plunged Rs 67,722.33 crore to Rs 15,04,001.93 crore.

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Top 10 most valued firms lose Rs 2.09 lakh crore in Mcap; TCS among biggest laggards

The 30-share BSE Sensex plummeted 1,145.23 points or 1.93 per cent. Corporate major Reliance Industries#39; m-cap plunged Rs 67,722.33 crore to Rs 15,04,001.93 crore.

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UBS Seeks Swiss Backstop in Any Credit Suisse Deal

UBS is discussing scenarios in which the government would take on certain legal costs or other specific losses in any deal, said the people, asking not to be identified describing private discussions.

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