The issue size, however, would depend on Carlyle’s participation in the sale. If it goes through, SBI Cards would be the first pure-play credit card company in India and would be valued between Rs 35,000-40,000 crore, the report added. … [Read more...] about SBI to sell stake in credit card JV, to raise Rs 6,000 crore: Report
Bankruptcy 7 years credit report
Parents who must leave home to work have limited time to supervise children’s schooling. The same is true for parents who must work from home, who have infants or who are caring for the sick. As Cleveland’s schools prepared to close in late March, teachers set out to speak with every student’s family about remote learning. They were initially able to reach 60% of parents. After trying for a few more days, they were still unable to connect with the family of 1 out of 10 students. … [Read more...] about Coronavirus pandemic | The school year really ended in March
First, what drives returns in a gilt fund? Primarily, returns come from a rally in gilt prices. And that rally comes based on interest rates; more specifically, on interest rate cuts or market expectations of a cut in the future. Gilt instruments are the most liquid among debt instruments, and the impact of rate changes is felt the most here. … [Read more...] about Double-digit returns in gilt funds: Should you rush to invest in them?
It reported a 21 percent rise in profit for its financial year that ended on March 31, but said the pandemic had hit its fourth-quarter performance and it would tap banks to raise debt in its first quarter to lessen the impact on cash flows by the virus. … [Read more...] about Emirates to raise debt as it braces for ‘most difficult months ever’
ITC has entered into a share purchase agreement (SPA) on May 23, 2020 to acquire 100 percent of the equity share capital of Sunrise Foods Private Limited (SFPL), a company primarily engaged in the business of spices under the trademark ‘Sunrise’, subject to fulfilment of various terms and conditions as specified in the SPA, as per company release. … [Read more...] about ITC to acquire 100% stake in Sunrise Foods; share price up 5%