Tata Steel up as overseas arm inks deal for refinancing debt
Tata Steel rose over 3%, touching to Rs245.65, after the company said its wholly-owned Singapore-incorporated subsidiary executed agreements worth $1.5 billion for refinancing its debt.
Yes Bank signs deal worth $265 mn with US companies
Yes Bank signs deals worth $265 mn with US companies for MSME lending
Yes Bank has signed an agreement with the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, for debt financing of $245 million to increase lending to micro, small and medium enterprises (MSMEs) in India.
Rcom to monetize tower arm Reliance Infratel
Media reports Rcom to monetize tower arm Reliance Infratel; deal to fetch Rs22000 crore- Positive
Reliance Communication is likely to announce sale of its tower arm Reliance Infratel. Private equity players Farallon Capital and Tillman Capital in race for the same and the deal valuation is likely at Rs22000 crore.
This would enable Rcom to deleverage its balance sheet and hence is positive for the company.
TVS Motor drops after Nov 2015 volumes come below estimates
TVS Motor Company dipped nealy 6%, touching to Rs285.75, after company reported a single digit 2.43% year on year increase in total sales at 225,401 units in November 2015. The Chennai-based company had sold 220,046 units in the same month last year.
Ceat partners Pirelli to distribute premium motorcycle tyres; stk up
Ceat rose nearly 4%, touching to Rs1088.2, after the company said it forged an exclusive distribution partnership with premium Italian tyre maker, Pirelli.
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