ICRA \u2014 Recent Activity

India proposes to let financial creditors trigger insolvency bypassing tribunal

By Nikunj Ohri NEW DELHI, March 30 (Reuters) - India has proposed an overhaul of its bankruptcy law, including allowing financial creditors to initiate insolvency proceedings and tightening deadlines,

Click to open →

Shakti Pumps (India) Ltd (BOM:531431) Q2 2026 Earnings Call Highlights: Record Revenue and ...

Shakti Pumps (India) Ltd (BOM:531431) achieves its highest quarterly revenue while navigating raw material cost challenges and expanding its solar business footprint.

Click to open →

Brookfield India Real Estate Trust (BOM:543261) Q2 2026 Earnings Call Highlights: Strong Growth ...

Brookfield India Real Estate Trust (BOM:543261) reports robust financial performance and strategic acquisitions, despite potential risks and financial commitments.

Click to open →

Fortrea Holdings Inc (FTRE) Q3 2025 Earnings Call Highlights: Strong Demand and Strategic ...

Fortrea Holdings Inc (FTRE) reports solid revenue and improved win rates, while navigating competitive pricing and margin pressures.

Click to open →

India’s renewable energy capacity surges with 25GW addition in H1 FY25

The country's cumulative renewable energy capacity, excluding large hydropower, is set to exceed 200GW in the coming months.

Click to open →

India's Adani Enterprises taps debt private placement after 2-year gap, bankers say

By Dharamraj Dhutia MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm is slated to raise up to 10 billion rupees ($112.6 million) through the private placement of two-year and six-

Click to open →

India reduces GST on renewable energy components to 5%

The tax cut is part of a broader initiative to reduce taxes on hundreds of consumer items.

Click to open →

India's tax cut on solar and wind devices to lower clean energy tariff, experts say

NEW DELHI (Reuters) -India's decision to cut taxes on solar and wind equipment will lower costs for new plants and pressure existing project developers to reduce tariffs, accelerating the country's shift to renewable energy, industry experts said. The government on Wednesday slashed the goods and services tax (GST) on solar photovoltaic modules and wind turbine generators to 5% from 12%, part of broader tax cuts on hundreds of consumer items. The tax cut for solar PV modules and wind turbine g

Click to open →

India's third largest airport operator eyes Oct close for over $500 million bond, sources say

MUMBAI (Reuters) -India's Bangalore International Airport Ltd (BIAL) plans to raise over 46.3 billion rupees ($535 million) via a second tranche of bonds by early October, three sources told Reuters on Monday. BIAL will raise the funds through its second tranche at a similar rate as the first transaction, the sources added. All the sources requested anonymity as the talks are still private.

Click to open →

India's Shapoorji Pallonji Group unit eyes $300 million shares-backed loan, sources say

MUMBAI (Reuters) -India's Shapoorji Pallonji and Co, the construction arm of conglomerate Shapoorji Pallonji Group, is in talks with bankers to raise around $300 million to refinance existing debt, three sources familiar with the matter told Reuters on Thursday. The company may look to raise the funds in Indian rupees, and the loan would be backed by shares of Afcons Infrastructure, along with some other real estate assets, the sources added. Two of the sources further added that the debt to r

Click to open →