In a dramatic turn of events, Icahn Enterprises L.P. (NASDAQ: IEP) has once again slashed its quarterly dividend by 50%, sending shockwaves through the investment community and causing a significant drop in its stock price. This marks the second dividend reduction within a year, raising serious concerns about the company’s financial health and future prospects. […]
Reliance Power Limited has shaken the financial world by announcing it has fully settled its mammoth corporate guarantee obligations worth INR 3,872.04 crore for Vidarbha Industries Power Limited (VIPL). This settlement, which involves the complete discharge of all corporate guarantees and related claims, marks a major turning point for Reliance Power and showcases its aggressive […]
Shriram Finance Limited (SFL), the flagship entity of the esteemed Shriram Group, has successfully concluded a monumental fundraising venture, amassing a total of USD 425 million and EUR 40 million through a syndicated term loan transaction. This achievement not only represents the largest syndicated loan for a private non-banking financial company (NBFC) from India in […]
First Federal Bank has announced its acquisition of Watson Mortgage Corp., a move that is poised to significantly enhance its mortgage service capabilities and customer reach. The deal, whose financial details were not disclosed, will see First Federal Bank integrate Watson Mortgage’s operations and customer base into its extensive network. This strategic acquisition merges two […]
In what is being hailed as a landmark achievement in its ongoing financial restructuring efforts, SpiceJet, one of India’s leading airlines, has entered into a significant settlement agreement with Export Development Canada (EDC). This agreement marks a pivotal moment for SpiceJet, enabling the airline to clear substantial liabilities and embark on a path toward a […]