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SP Group to seal $3 bn refinancing deal with global funds to repay debt
The New Indian Express Vishakapatnam
|January 31, 2025
THE Shapoorji Pallonji Group, which owns 18.6% in over $30.5 billion worth Tata Sons, is close to sewing up a funding deal with a group of overseas alternative asset managers to refinance its outstanding debt that runs in excess of $3.2 billion.
The group has been trying to raise funds to refinance its mounting debt for quite some time, and was close to line up ₹20,000 crore of funding late last year from state-run Power Finance Corporation (PFC) but the lender backed out at the final stage. Before that its attempts to raise money didn't materialise, forcing it to buy time from creditors after paying interest. A large portion of the debt was maturing last May.
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FLERE HISTORIER FRA The New Indian Express Vishakapatnam
The New Indian Express Vishakapatnam
Suvendu calls on Prez and Rajnath in Delhi, will firm up cabinet after Shah meet
WEST Bengal Chief Minister Suvendu Adhikari, who arrived in Delhi for the first time after assuming office, on Friday said that the people residing illegally across his state would be identified and deported through the BSF to the countries from where they had allegedly infiltrated in the past.
1 min
May 23, 2026
The New Indian Express Vishakapatnam
Govt agrees for constitutional safeguards for Ladakh region
THE fresh round of talks between officials of the Union Ministry of Home Affairs (MHA) and the civil society groups of Ladakh on Friday ended on a positive note with the two sides arriving at an in-principle understanding on restoring democracy in the Union Territory and providing constitutional safeguards on the lines of Articles 371A, 371F and 371G, as applied to Nagaland, Sikkim and Mizoram.
2 mins
May 23, 2026
The New Indian Express Vishakapatnam
1 held from Pathankot for spying for Pak handlers
THE Punjab Police has arrested a Pathankot resident, Baljit Singh, on charges of spying for Pakistan-based handlers.
1 min
May 23, 2026
The New Indian Express Vishakapatnam
LET LAW TAKE ITS COURSE IN TELANGANA POCSO CASE
ALLEGATIONS of sexual offences involving minors cannot be allowed to dissolve into partisan spectacle.
1 mins
May 23, 2026
The New Indian Express Vishakapatnam
Absconding Twisha’s husband surfaces, nabbed
High court orders second post-mortem by AIIMS-Delhi doctors on request of victim's father @ CM writes to Centre, recommending CBI probe
2 mins
May 23, 2026
The New Indian Express Vishakapatnam
Buzz of early poll in UP after BJP's grand show in Bengal and Assam
AFTER assembly elections wrapped up in five states, there is growing talk among politicians in the state capital about moving the Uttar Pradesh Assembly elections forward by a few weeks.
1 mins
May 23, 2026
The New Indian Express Vishakapatnam
1 from Bihar in ATS net on charges of espionage
THE Anti-Terrorism Squad (ATS) of the Bihar police on Friday arrested a suspected operative of a Pakistan-based arms dealer from Muzaffarpur in north Bihar.
1 min
May 23, 2026
The New Indian Express Vishakapatnam
ONE CODE TO DISCIPLINE THEM ALL
THE proposed Securities Markets Code consolidates the three existing laws into a single legislative framework.
3 mins
May 23, 2026
The New Indian Express Vishakapatnam
India, Cyprus form counter-terror working group, defence roadmap
INDIA and Cyprus on Friday elevated their bilateral ties to a strategic partnership and unveiled a five-year roadmap for defence cooperation, signalling a major expansion of ties in security, connectivity and trade amid growing geopolitical churn and India’s deepening engagement with Europe.
1 mins
May 23, 2026
The New Indian Express Vishakapatnam
Come June 18, NDA & Oppn fight for 26 RS seats
THE Opposition is set to gain three seats, while the ruling NDA is expected to maintain its current strength in the biennial elections for 26 Rajya Sabha seats across 10 states and bypolls to two seats in Maharashtra and Tamil Nadu scheduled for June 18.
2 mins
May 23, 2026
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