Paradigm Realty has repaid a Rs 175-crore debt to Edelweiss Financial Services two quarters ahead of schedule, driven by strong sales at its 102 Downtown project and a refinancing effort. The company secured Rs 135 crore from a private lender, maintaining a 13% interest rate, which could decrease upon meeting performance milestones. This move underscores Paradigm's commitment to financial discipline and operational excellence.
Edelweiss Financial Services Ltd. has engaged Nomura Holdings Inc. to assist in selling a minority stake of 25% to 35% in its mutual fund business. The Mumbai-based firm is targeting a valuation between $700 million and $800 million for the entire unit.
Maruti Suzuki, Cipla, and the Adani Group are among 139 companies releasing their Q2FY25 earnings today, with Cipla expected to see a modest profit rise and Maruti facing challenges from declining volumes. Bharti Airtel reported a significant 168% Y-o-Y profit increase, while Sun Pharma's net profit grew by 28%. Indian equity indices opened slightly lower after a positive previous session.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
