CARE downgrades Gensol to default category

CARE has got feedback from Gensol’s lenders that there have been delays in the servicing of term loan obligation and hence the downgrade from BB+ to D. Company had an outstanding debt of Rs 1,150 cr as at December 31, 2024. It had negative operating cash flows during FY 24. During the current year, the … Read more

Jio seems to have decided for peace

All indications seem to be suggesting this. Jio recently decided to follow Airtel and Vodafone-Idea in raising the tariffs. Industry was not sure whether this would happen, as Jio may want to continue going aggressive in attracting customers from the competitors. Whereas Sunil Mittal (Airtel) has been calling for peace, for the first time Mukesh … Read more

Shareholder requests Sanjeev Bikhchandani to pare down stake in Zomato

Shareholders’ activism in Indian Companies is increasing. Shareholders are finding new ways to make themselves heard by the management. Now Venkat Subramanian, the MD of Infina Finance (an investment company jointly owned by Kotak Mahindra Bank and the Kotak family) has written an open letter to Sanjeev Bikhchandani, the Co-founder of Info Edge India (IEL). … Read more

Zomato does an Info edge. Gets into start-up investing

Zomato along with it’s Q2 FY 22 results also announced that it has committed $275 mn across four start-ups in the last 6 months and will deploy another $1 billion over the next one to two years. Four investments of $275 mn – $100 mn for 9.3% stake in Grofers $50 mn in Curefit along … Read more