State Bank of India (SBI), the country’s largest public sector lender, has successfully raised ₹5,000 crores through its first Basel III compliant Additional Tier 1 (AT1) bond issuance for the current financial year. This issuance was completed at a competitive coupon rate of 7.98%, marking a significant move by the bank in diversifying and strengthening […]
Tata Power, a major player in India’s power sector, has reported an extraordinary performance for the first quarter of FY25. The company’s Profit After Tax (PAT) surged to ₹1,189 crore, reflecting a remarkable 31% increase from the previous year. This achievement not only sets a new record for Tata Power but also marks the 19th […]
In a significant move towards enhancing the landscape of consultancy services, RITES Ltd, a renowned transport infrastructure consultancy and engineering firm, has inked a game-changing Memorandum of Understanding (MoU) with CARE Advisory Research and Training Ltd. (CART), a subsidiary of CARE Ratings Limited. This collaboration is set to redefine the consultancy domain across various sectors, […]