Topic
Corporate Finance
Finance Sid's Farm Raises ₹81 Crore in Pre-Series B Round Led by Omnivore and NSFO
Direct-to-consumer dairy and foods brand Sid’s Farm has raised over ₹81 crore in a Pre-Series B funding round led by Omnivore, NSFO, Dodla Dairy, Next Bharat Ventures, and LIO. The capital will be used to strengthen supply chain, expand manufacturing and distribution, and invest in product innovation and farmer partnerships.
Finance Poonawalla Vision Fund Invests ₹230 Crore in Lohum Cleantech for Critical Minerals
Poonawalla Vision Fund-1 (PVF1) and family offices have invested ₹230 crore in Lohum Cleantech, a leading sustainable critical minerals platform outside China. The fund, managed by Ambit, has deployed 60% of its ₹1,050 crore corpus within three months, tracking a ~40% IRR. The investment highlights the strategic focus on critical minerals for energy transition and supply chain resilience.
Finance Hudco Q1 Net Profit Surges 35% to ₹851 Crore, Interest Income Rises Sharply
Housing and Urban Development Corporation (Hudco) posted a 35% jump in Q1 FY27 net profit to ₹851 crore, with total income rising to ₹3,737 crore. The company declared an interim dividend of ₹1.25 per share and reduced loan provisions significantly.
Finance SK Group Chairman Chey Tae-won Ordered to Pay Ex-Wife $644 Million in Landmark Divorce Ruling
A South Korean court has ordered SK Group chairman Chey Tae-won to pay his ex-wife 944bn won ($644m) in a divorce settlement, reduced from an earlier 1.38tn won ruling. The case, involving the second-largest chaebol and its AI-focused subsidiary SK Hynix, carries corporate governance implications for investors and trade finance professionals.
Finance Aston Martin Secures £550m Loan Package to Bolster Balance Sheet Amid US Tariffs and Weak China Demand
Aston Martin has secured £550m in loans managed by HPS Investment, including a £450m senior secured-term loan and a £100m delayed draw facility, to strengthen its balance sheet and fund future product plans. The move comes after the company cut 600 jobs and reported a net loss of £493.2m for the last fiscal year, attributing the poor performance to US tariffs and weak demand in China. CFO Doug Lafferty said the financing 'significantly strengthens our liquidity.'
Business Penske Automotive Soars on $13.8 Billion Take-Private Bid by Two Largest Owners
Penske Automotive Group shares surged after its two largest shareholders, Mitsui & Co. (USA) and Penske Corporation, announced a $210 per share bid to acquire the remaining 27.8% of the company and take it private, valuing the automotive retailer at $13.8 billion. The deal underscores consolidation in automotive retail amid technological shifts.
Business Thames Water lenders offer 'golden share' to head off nationalisation
The L&VW consortium of lenders has proposed a golden share and greater local authority control to prevent Thames Water's nationalisation. The sweetened deal adds hundreds of millions of pounds to a previously rejected £10bn plan, which includes writing off nearly half of the company's debt.
Finance Monetisation of Assets Enables NHAI to Prepay Over Rs 1.5 Lakh Crore Debt Since March 2022
National Highways Authority of India (NHAI) has reduced its debt from an all-time high of Rs 3.5 lakh crore in 2021-22 to just under Rs 2 lakh crore, achieved through accelerated asset monetisation. Since March 2022, NHAI prepaid loans of over Rs 1.2 lakh crore and repaid another Rs 31,300 crore, while record monetisation of Rs 41,079 crore in FY24 and continued InvIT/TOT models support the strategy.
Finance Thames Water Lenders Prepare Legal Challenge Against Potential Nationalisation by Incoming PM Burnham
Lenders to Thames Water are preparing a legal challenge in case incoming Prime Minister Andy Burnham attempts to nationalise the utility. The company has about £20bn in debt and warned it has cash only until end of 2026. A proposed lender-led rescue (writing off £9.4bn and injecting £3.35bn in exchange for pollution fine leniency) was rejected by the government as weak.
Finance HDFC Bank Review Finds No Evidence to Support Former Chairman Atanu Chakraborty's Allegations
HDFC Bank announced that an independent legal review found no evidence to support former chairman Atanu Chakraborty's claims that the bank acted against his ethics and values. The review, conducted by law firms Wilson Sonsini Goodrich & Rosati and Wadia Ghandy & Co., examined board minutes, interviews, and documents over three months. The bank stated that Chakraborty did not record any concerns through official channels during his tenure.
Finance Daimler Truck Finance Leaders Discuss Freight Downturn Recovery and AI Boom Impact
Daimler Truck Financial leaders Tobias Waldeck and Kevin Bangston offer perspectives on the longest freight recession on record and signs of recovery. They discuss how new EPA regulations and the AI data center boom are reshaping the trucking industry. The insights come amid a period of shrinking capacity and evolving fleet investment trends.
Finance HDB Financial Services Reports 38% Jump in Q1 Net Profit to Rs 785 Crore
HDB Financial Services reported a 38.3% year-on-year increase in net profit to Rs 785.2 crore for the June 2026 quarter. The growth was driven by a 20% rise in net interest income to Rs 2,508.7 crore, with stable credit costs and contained funding costs. Non-interest income grew modestly while treasury gains declined.
Finance Nandan Nilekani's Fundamentum Launches Rs 2,200 Crore Fund III for Growth-Stage Indian Startups
Fundamentum Partnership, led by Infosys co-founder Nandan Nilekani and veteran investor Sanjeev Aggarwal, has launched Fund III with a target corpus of Rs 2,200 crore including a Rs 400 crore greenshoe option. The fund will write initial cheques of Rs 100-150 crore for 10-15% ownership in 8-10 companies, focusing on consumer technology, fintech, and AI-native businesses. Fund II has delivered a 26% gross IRR.
Finance Bayer AG acquires 11.9% stake in Bayer CropScience for ₹2,207 crore via block deal
German multinational Bayer AG has bought an 11.9% stake in Bayer CropScience Ltd for ₹2,207 crore through a block deal, raising its stake to 20.34%. The inter-promoter transfer did not change overall promoter shareholding. Bayer CropScience reported a 13% rise in quarterly net profit and 21% annual profit growth.
Finance Ex-CFO of Reliance Capital, Amit Bapna, Arrested in ADAG Probe by CBI
The Central Bureau of Investigation has arrested Amit Bapna, former chief financial officer of Reliance Capital Ltd, in connection with the ongoing probe into Reliance ADA Group cases. Bapna allegedly approved loans to intermediary companies despite knowing the lending violated RBI guidelines, leading to diversion of funds to group entities and wrongful loss to public sector banks.
Finance Flipkart Greenlights Second ESOP Liquidity Event Allowing Up to 5% Cash-Out of Vested Options
Flipkart's board has approved a second employee stock ownership plan (ESOP) liquidity event, allowing eligible employees to liquidate up to 5% of their outstanding options vested over the past three years at Rs 713.4 per option. The event, estimated at $25 million, is part of a $50 million employee stock buyback plan launched in July last year, which has benefited over 7,000 employees. Payouts are scheduled for August.
Finance State-Owned Fertiliser Firm RCF Plans to Raise ₹1,500 Crore via Follow-On Public Offer
State-owned fertiliser manufacturer Rashtriya Chemicals and Fertilizers Ltd (RCF) plans to raise up to ₹1,500 crore via a follow-on public offer (FPO) of equity shares. The board approved the fresh issue, subject to approval from shareholders, the Department of Fertilisers, and DIPAM. RCF operates two units in Maharashtra and produces a wide range of fertilisers and industrial chemicals.
Finance Real Estate Private Credit Funds See Refinancing Demand Rise as Residential Sales Moderate
Real estate private credit funds are preparing for a rise in refinancing demand over the next 12 months as residential sales moderate after a multi-year run. Fund managers say the shift is toward strategic use of private credit, not distress-led lending, with developers proactively restructuring balance sheets.
Finance Bank of Baroda Settles NMC Health Creditor Claims for $600 Million in Cross-Border Insolvency Case
Bank of Baroda has agreed to pay $600 million (approximately Rs 5,700 crore) to the administrators of collapsed healthcare group NMC Health in an out-of-court settlement. The settlement resolves claims that BoB's financial arrangements enabled concealment of debt. Funds will be distributed to creditors including banks, bondholders, and trade creditors.
Finance Nisus Finance invests ₹70 crore in three Bengaluru residential projects via real estate fund
Nisus Finance Services has deployed ₹70 crore from its ₹1,700-crore Real Estate Special Opportunities Fund I into three Bengaluru residential projects developed by Sumukha Housing Pvt Ltd. The projects have a combined gross development value of ₹300 crore and are located in key residential corridors. The investment reflects the firm's conviction in Bengaluru's stable residential demand.
Finance PE-VC Deal Value Dips 5% to $17.5 Billion in H1 CY2026 Amid Geopolitical Uncertainty
Private equity and venture capital investments in India fell 5% year-on-year to $17.5 billion in the first half of CY2026, according to Venture Intelligence data. Late-stage companies led with $4.2 billion, while growth and early stages accounted for $3.4 billion and $1.9 billion, respectively. Arun Natarajan, founder of Venture Intelligence, noted that investments held up well despite geopolitical uncertainties, with significant capital deployed in data centres and NBFCs.
Finance Bank of Baroda and Mizuho Bank Form Strategic Partnership for M&A Financing and Cross-Border Banking
Bank of Baroda and Mizuho Bank have entered a strategic partnership to jointly pursue M&A financing, structured lending, and cross-border corporate banking. The tie-up combines Mizuho's global network and structured finance expertise with Bank of Baroda's domestic franchise and corporate relationships, following Mizuho's acquisition of a 60% stake in Avendus Capital in December 2025. The collaboration includes joint origination, structuring, co-underwriting, and syndication of acquisition finance, as well as advisory on select M&A deals and a preferred channel for sub-participation and secondary risk distribution.
Finance IHCL Targets ₹7,500 Crore Capex Over 5 Years, Expands Across Segments: Chairman N Chandrasekaran
IHCL chairman N Chandrasekaran announced a ₹6,000–7,500 crore capital expenditure plan over five years, funded through internal accruals. The company reported FY2026 revenue of ₹9,971 crore, net profit of ₹2,247 crore, and free cash flow of ₹1,450 crore. Expansion will focus on new regions and scaling Ginger hotels to 1,000.
Finance India's NIIF Gets Rs 30,000 Crore Boost for Infrastructure and New Funds
The Union cabinet has approved a fresh commitment of Rs 30,000 crore to the National Investment and Infrastructure Fund (NIIF) for setting up a second infrastructure fund and supporting new fund strategies. NIIF, which already manages commitments of around Rs 40,000 crore and has returned Rs 12,000 crore to investors, aims to leverage this additional capital to attract more private investment across sectors including transportation, energy, and digital infrastructure.
Finance IIFCL Plans $1 Billion Overseas Loan and Eyes $400 Million ADB Funding to Support India's Infrastructure Push
According to a Business Today report, India Infrastructure Finance Company Ltd (IIFCL) plans to raise $1 billion through an overseas loan and is also in talks for $400 million in funding from the Asian Development Bank (ADB) to support infrastructure development in India.
Finance Godrej Agrovet shifts focus from revenue growth to earnings quality and returns
Godrej Agrovet is reshaping its portfolio to improve return on capital employed (ROCE) and reduce earnings volatility. The company deployed nearly ₹1,750 crore over two years and reported FY26 revenue of ₹10,233 crore with a 17.2% rise in profit before tax. Management now prioritises earnings quality and cash generation over revenue expansion.
Finance Shapoorji Refinancing Delays Spur Some Bondholders to Seek Exit on Debt
Some bondholders of Shapoorji Pallonji Group are attempting to sell non-convertible debentures of subsidiary Goswami Infratech at about 90% of par amid prolonged refinancing talks. The group has ₹8,343 crore ($884 million) in zero-coupon bonds maturing June 30, which have already been extended once and are now seeking another extension. The development highlights rising stress in India's private credit market, with the yield on the notes climbing to 21.75%.
Finance Puravankara to Divest Stake in Purva Ruby Properties to ICICI Prudential AIF for ₹145 Crore
Puravankara Limited will divest its stake in Purva Ruby Properties Private Limited to Prishal Office Parks III Private Limited for ₹145 crore. The buyer is owned by ICICI Prudential Office Yield Optimiser Fund – AIF II. The deal is not a related party transaction and is expected to close within 45 days. Purva Ruby's turnover contributed 1.06% to Puravankara's total turnover last fiscal.
Finance European Maritime Finance Reshuffles Top Team Amid $2.1 Billion Asset Growth
European Maritime Finance has appointed Peter Kubicki as CEO, Stephen Schueler as chairman, Rikke Stoltz as board member, and co-founder Martin Almdal as vice chairman. The reshuffle comes as the Copenhagen-based investment manager oversees about $2.1 billion in maritime assets, and is part of a broader strengthening of its governance, compliance, and risk management framework.
Finance SpaceX Turns to Bond Market After Record IPO, Seeks Funds for AI and Starship
Elon Musk's SpaceX has issued its first bond following a record-breaking IPO that raised about $75 billion. The company holds over $100 billion in cash but posted a nearly $5 billion net loss from heavy spending on AI and Starship. Moody's and Fitch assigned investment-grade ratings. Shares fell sharply after the IPO.
Finance TFS Financial and WEX Launch Equipment Financing Program as Trucking Industry Rebounds
TFS Financial and WEX have launched 'Equipment Financing Powered by TFS' to help trucking fleets acquire trucks, trailers, and other assets. The program leverages TFS's multi-lender platform and Match Engine Technology. Fleet confidence is rising as carriers begin replacing equipment delayed during the freight recession.
Finance ADB eyes $1 billion in direct private sector financing for India in 2026, maintains 2025 pace
The Asian Development Bank (ADB) plans to provide about $1 billion in direct private sector financing in India this year, maintaining 2025's pace. In 2025, ADB channelled over $2 billion to India's private sector through direct and mobilised funds. Trade and supply chain finance activity rose 40% in early 2026 due to the West Asia crisis. New risk-sharing agreements with Standard Chartered Bank focus on distributor financing and cover both USD and rupee transactions.
Finance Atom XVII Launches ₹75 Crore Consumer Fund to Back Early-Stage Indian Brands
Atom XVII has launched a ₹75 crore consumer-focused fund to invest in early-stage Indian consumer brands from pre-seed to Series A, with a focus on pre-Series A. The fund aims to build a portfolio of 13-15 companies with an average investment of ₹3 crore. It has secured soft commitments of ₹40 crore and targets first close by end-July 2026.
Finance Canada’s CPP Investments Commits Rs 7,000 Crore to Hyderabad-Based CtrlS Datacenters
Canada Pension Plan Investment Board (CPP Investments) has committed up to ₹7,000 crore (C$1 billion) in Hyderabad-based CtrlS Datacenters Ltd, including an 8.2% stake for ₹4,000 crore and a ₹3,000 crore joint venture to develop hyperscale campuses across India. The investment underscores accelerating demand for AI-ready data centre infrastructure in India.
Finance Nexus Select Plans ₹2,000 Crore Northeast Retail Expansion; Diamond Plaza Acquisition Nears Close
Nexus Select Trust plans to deploy up to ₹2,000 crore towards acquisitions this year, expanding its retail real estate footprint in eastern and northeastern India. The proposed acquisition of Kolkata's Diamond Plaza mall is expected to close within one-and-a-half to two months, pending legal and corporate restructuring. Two additional acquisition deals are in advanced stages, targeting the Northeast and adjoining West Bengal. Chief Investor Relations Officer Pratik Dantara highlighted that the Northeast has emerged as an attractive consumption market, particularly for beauty and personal care products, with spending significantly above the national average.
Finance TRIG Sells 17.5% Stake in Scottish Beatrice Offshore Wind Farm for £155 Million
The Renewables Infrastructure Group Limited (TRIG) will sell its 17.5% stake in the 588MW Beatrice offshore wind farm off Scotland for approximately £155 million ($208.2 million) to funds managed by Equitix Investment Management. The sale, at a 4% discount to the December 2025 valuation, will reduce TRIG's borrowings by £375 million and supports its £400 million capital realisation target. Completion is expected before end-2026, subject to third-party consent.
Finance ASK Property Fund Launches ₹3,500 Crore Debt Fund for Mid-Income Housing
ASK Property Fund, part of the Blackstone-backed ASK group, launched its fourth debt fund with a target corpus of ₹3,500 crore (about USD 420 million) to invest in mid-segment housing projects across six key Indian cities. The fund will provide solution capital and growth capital to developers, targeting 20% returns.
Finance Milky Mist Updating Books with FY26 Numbers, to File Updated DRHP for ₹2,035 Crore IPO
Milky Mist Dairy Food Ltd is updating its books with FY26 numbers and will soon file an updated draft red herring prospectus (UDRHP) for its ₹2,035 crore IPO. The company raised ₹357 crore in a pre-IPO round from Temasek and plans to use proceeds for a new facility in Baramati and expansion in protein products.
Finance SpiceJet's cash crunch deepens: pilots unpaid since March, airline seeks emergency loan
SpiceJet pilots and employees have not received salaries since March, according to internal messages reviewed by Reuters. The airline is seeking an emergency loan under India's Emergency Credit Line Guarantee Scheme to stabilise operations, while citing the Middle East crisis as a factor affecting cash flows and fuel costs.
Finance S&P Global Downgrades Odyssey, Signals Potential Default
S&P Global Ratings has downgraded Odyssey Logistics to CCC+ from B-, citing ongoing earnings weakness and potential default risk by 2027. The downgrade aligns with Moody's previous rating and highlights challenges in Odyssey's financial structure.