A.M. Best Places Credit Ratings of RenaissanceRe Holdings Ltd. and Its Subsidiaries Under Review with Developing Implications

OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has placed under review with developing implications the Financial Strength Rating (FSR) of A+ (Superior) and the Long Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Renaissance... Read more »

Microfinance companies plan to create common pool of assets for securtisation

Securitisation is a process of pooling loan receivables and selling their related cash flows to third party investors as securities. Read more »

We didn’t really have competitive advantage: Bernardo Hees of Kraft Heinz Co

“The value we’re receiving from proceeds is really higher than what we could have done,” Hees told analysts at the Chicago-based food and beverages firm’s... Read more »

India’s Petronet, ONGC Videsh eye stake in Tellurian project

India is expanding its pipeline network and building new liquefied natural gas (LNG) import terminals to boost use of the cleaner fuel in the country. Read more »

Coal India looks to raise Rs 64 crore from CIL stake sale to staff

It has decided to separately offer this equity chunk to Coal India employees at a discount of 5% over final discovered price of the offer for sale that is currently on. Read more »

MFIs plan to create common pool of assets for securtisation

The common pool, essentially by smaller MFIs, is aimed at creating economies of scale and making it easier for banks to buy it. Read more »

Vaidyanathan gifts more than 10% of holdings in Capital First

In a notice to the stock exchange the company said Vaidyanathan will transfer a total of 4.29 lakh shares out of the total 40.40 lakh... Read more »

Top 13 Podcasts for Entrepreneurs Today (INFOGRAPHIC)

Successful entrepreneurs are always learning. Keep doing so with 13 of the best podcasts for entrepreneurs looking for motivation and insights. Read more »

Chennai-based Veritas raises Rs 200 crores from Norwest Venture Partners in Series D round

The company currently has a loan book of Rs 530 crore. Arulmany said the he expected the loan book to increase to over Rs 800 crores in FY18-19 and then up to... Read more »

Two IL&FS subsidiaries default on interest payment of Rs 63 cr

IL&FS Group and its companies have defaulted on many debt instruments due to insufficient funds. Read more »