COVENANT
No documentary basis yet to start a probe into Adani fraud charges: SECI Chief
India's Solar Energy Corporation (SECI) stated that an investigation into allegations of fraud and bribery against Gautam Adani and others is premature. SECI claims to have received no official communication from US authorities regarding the indictment and has found no evidence of wrongdoing within its ranks.
Not sure if covenants violated: SECI on being named in Adani bribery case
India's SECI, named in Adani bribery allegations, stated it hasn't received any documents regarding the charges and is unsure of any covenant violations. Adani Group refuted the US authorities' allegations of a $250 million bribery scheme, deeming them baseless and committed to legal recourse while upholding its governance and compliance standards.
Alien prequel series 'Alien: Earth' teaser out, set to release in 2025
A new teaser for the upcoming prequel series 'Alien: Earth' offers a chilling glimpse of the iconic Xenomorph creature and reveals a summer 2025 release date. Set on Earth in 2120, the series will explore the aftermath of a mysterious spaceship crash and the terrifying life forms that emerge, threatening humanity's existence.
Fitch affirms Vedanta Resources at 'B-' rating with positive outlook
Fitch Ratings has maintained Vedanta Resources Limited's (VRL) 'B-' rating with a positive outlook, signaling potential improvement. The agency also assigned a 'B-' rating to VRL's senior unsecured debt and $1.2 billion in proposed notes, with a Recovery Rating of 'RR4'. The positive outlook reflects VRL's improved financial flexibility, reduced debt, and access to capital for refinancing and debt management.
Agatha All Along Episode 4: When can you watch the upcoming episode? Global release timings
Agatha: All Along, a spin-off of WandaVision, has impressed audiences with its dark, magical narrative and the return of beloved characters.
Agatha All Along: Marvel show¡¯s release date, plot, trailer, cast and characters
"Agatha All Along," debuting on September 18, 2024, follows Agatha Harkness as she forms a coven to navigate the Witches¡¯ Road, seeking to regain the powers stolen by Wanda Maximoff.
- Go To Page 1
Real-life Indiana Jones passes away at 94
Schuyler Jones, a globe-trotting American anthropologist and adventurer whose exploits drew comparisons to iconic movie character Indiana Jones, has died.
SP Group arm Goswami Infra sweetens bond deal
Shapoorji Pallonji Group offers ?400 crore more to Goswami Infratech bondholders to extend deadline for meeting covenants on ?14,300 crore borrowings. The company seeks a 4-month window to sell assets, ensure payment of ?1,400 crore interest at 18.75% by September 30, 2024.
Goswami Infra seeks change in debt pact to avert higher interest
The move aims to save high interest outgo on RS 14,300 crore bond due in April 2026, refinance its debt. In mid-2023, Goswami Infratech raised Rs14,300 crore zero coupon bonds maturing in April 2026, offering 18.75% as a redemption premium. These bonds also have a so-called most favoured nation (MFN) clause, which says that if any Shapoorji Pallonji (SP) group affiliate borrows at a higher rate after May 26, 2024, Goswami Infratech will have to offer the same return to its bondholders.
Companies tightening contracts to make exit tough for senior executives
Indian cos are tightening employment contracts for top executives to make them more binding by incorporating stricter non-compete and non-solicitation clauses. This is in response to intense competition for senior talent and rampant poaching of C-suite brass. Contracts and policies are being made tighter to make an exit difficult, including longer notice periods and extended non-poaching contracts.
Wipro files complaint against ex-US staffer who joined Cognizant
In its complaint, Wipro said Mohd Haque, who quit Wipro in June this year, had agreed to certain restrictions on his post-employment activities, including prohibition of work for a small set of Wipro competitors including Cognizant, for 12 months after his employment ended.
Byju's interest cost on term loan may jump by $50-60 million a year under new terms
Edtech firm Byju's may have to pay an additional $50-60 million annually in interest on its $1.2 billion term-loan facility as part of new terms with lenders, people aware of the matter said.
Davidson Kempner sends legal notice to Byju's arm Aakash for loan covenant breach
In the legal notice which was sent to the company last week, Davidson Kempner said it reserves the right to invoke Aakash¡¯s pledged shares which were offered as collateral and potentially take control of the company.
Indiana Jones And The Dial Of Destiny: Theatre and OTT release details, cast & more
Harrison Ford is back with an all-star cast and fans are excited about Indiana Jones And The Dial Of Destiny. Here are the details of the movie¡¯s theatrical release and its premiere on OTT.
PharmEasy fails to raise Rs 1,000 crore equity, breaches covenant on Goldman Sachs loan
PharmEasy was supposed to raise equity of around Rs 1,000 crore, or about $120 million, linked to its burn rate velocity. It has failed to do that after trying for a year and postponing its initial public offering (IPO). Negotiations are on to restructure terms or opt for capital raise. Goldman Sachs owns all assets as collateral.
Apple India stores post record sales; PharmEasy breaches loan covenant; and Amazon¡¯s ten-year India ride
We are already in June, the year is racing past. Hope you have an interesting summer planned ahead. In April, Apple opened two company-owned retail stores across Mumbai and Delhi, those have racked up record sales in their first month of operations.
Who was Audrey Hale? Know about the 28-year-old Nashville school shooting suspect
The Nashville school shooting suspect was identified as 28-year-old Audrey Hale, who once attended the same school.
Nashville school shooter had drawn maps, done surveillance
Police gave unclear information on the gender of the shooter. For hours, police identified the shooter as a 28-year-old woman and eventually identified the person as Audrey Hale. Then at a late afternoon press conference, the police chief said that Hale was transgender. After the news conference, police spokesperson Don Aaron declined to elaborate on how Hale currently identified.
Nashville school shooting suspect was former student: Police
Police said they believe the 28-year-old female shooter was a former student at The Covenant School, a Presbyterian school founded in 2001. She also died after being shot by police.
Three children, 3 adults killed in Nashville school shooting, suspect dead
Drake identified the suspect as Audrey Elizabeth Hale, 28, a resident of the Nashville area, and referred to the assailant by female pronouns. The chief said the suspect identified as transgender but provided no further clarity.
'American Movie' actor Mike Schank passes way at age of 56
Mike Schank was diagnosed with a rare form of cancer and had undergone chemotherapy and radiation, but ultimately succumbed to the disease.
New York City is horrific hellhole as depicted in 'American Horror Story'
The title of "American Horror Story's" eleventh season is reported as "New York City."
Stakeholders meeting on Naga talks resolves on one solution
While the opposition Naga People¡¯s Front (NPF) and congress did not join the meeting the delegates of the apex body of Naga tribes, Naga Hoho walked out of the meeting midway dissatisfied with the way the meeting was conducted.
India needs a new covenant for growth in a post-Covid world: Raghuram Rajan
The former RBI governor said that India cannot remain under a lockdown forever.
Rana Kapoor¡¯s holding companies pay ?700 crore to avoid covenant breach
Covenants suggest that the value of Yes Bank shares be at least Rs. 1,890 crores, according to transaction summary provided by Templeton.
What is covenant-lite loan?
It is a type of loan whereby financing is given with limited restrictions on the debtservice capabilities of the borrower.
Indiabulls arm buys complex in Chennai for Rs 600 crore
The complex with three towers has a leasable area of 2 million sq ft and is spread over 10 acres in the western suburb of Ambattur.
E firms cash in on easy loans, raise risk for creditors: Moody's
Easy access to cheap money is helping pvt equity firms capitalize on their investments even in speculative-grade cos but investors in such cos may be vulnerable.
Goldman Sachs' former director Rajat Gupta seeks probation on insider trading charges
Goldman Sachs' India-born former director Rajat Gupta is seeking a sentence of probation accompanied by "rigorous" community service, according to court documents.
Load More
