Torrent Power board to consider plan to raise up to Rs 3,000 cr via NCDs

Preliminary talks on a possible rescue of grounded budget carrier Go First through the insolvency process have been initiated with a few financial investors, including a leading global private equity fund, said people with knowledge of the matter.

Bulk borrowing rates for the government and corporates are set to reduce in the short term as Friday’s central bank move to withdraw India’s highest denomination banknotes of ₹2,000 from the markets is expected to boost banking system liquidity.

Tiger Global, among the world’s most prolific technology-focused investors, is in talks to pick up a financial stake in the Indian Premier League’s franchise Rajasthan Royals, said two people in the know of the matter.