AdaniConneX is in the final stage of discussions to raise $900-950 million (₹7,500-7,920 crore) through a six-year offshore loan from a group of eight lenders, including MUFG Bank, Sumitomo Mitsui Banking Corp (SMBC) and Standard Chartered Bank, people with knowledge of the matter said. The loan agreement is set to be signed early this week, … Read more
US President Joe Biden announced on Monday plans to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November. The plans, which the Democratic president detailed in Madison, Wisconsin, include cancelling up to US$20,000 of accrued and … Read more
Cash-strapped Pakistan has sought financial assistance of USD 2 billion from its close ally China for a year, according to a media report on Saturday. Caretaker Prime Minister Anwaarul Haq Kakar, in a letter, has requested his Chinese Premier Li Qiang to roll over the debt as soon as the deposit time for the loan … Read more
Mumbai: Motilal Oswal Financial said Indian state-owned bank shares may rerate further driven by the ongoing earnings traction, aided by improved loan growth, margin stability, and controlled credit costs. The brokerage said SBI, Canara Bank and Bank of Baroda are its top picks. “Several PSBs have raised capital from the market and have a healthy … Read more
