Saikat Das

Mumbai

News Correspondent at Bloomberg News

Currently employed with @Bloomberg. Served @economictimes for nearly a decade. Write on credit, corporate finance, banking and markets. No endorsement!

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Articles

India Yoga Guru’s Firm Denies Any Investigation from Ministry

5 days ago | news.bloombergtax.com | Saikat Das

India’s Patanjali Ayurved Ltd. has not received any communication from the Corporate Affairs Ministry over any investigation, it says in a statement refuting media reports last week.
Adani Group outlines transport network in rebuild of Mumbai's Dharavi slum

5 days ago | business-standard.com | Advait Palepu |Saikat Das

Adani Group plans to build a transportation network as part of the Dharavi redevelopment project in Mumbai that will house rail, road and airport transit facilities in a single location. A key feature will be airport trains and check-in and transit facilities for passengers traveling to and from the Mumbai and Navi Mumbai airports, according to Navbharat Mega Developers Pvt, the project vehicle where Adani Group has an 80 per cent stake and the state government holds the rest.
Adani Energy Approves Raising $502 Million Via Share Sale

6 days ago | bloomberg.com | Saikat Das

Gautam Adani in Prayagraj, Uttar Pradesh. (Bloomberg) -- Billionaire Gautam Adani-controlled Adani Energy Solutions Ltd. approved raising 43 billion rupees ($502 million) via a stake sale. The Adani Group unit’s board approved a proposal to raise the amount via “Qualified Institutional Placement” in one or more tranches, according to an exchange filing Saturday.
India Cuts Import Tax on Crude Edible Oils to Control Prices (1)

6 days ago | news.bloombergtax.com | Saikat Das |Shruti Srivastava

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Shapoorji Closes $3.4 Billion Record India Private Debt Deal - Bloomberg

6 days ago | bloomberg.com | Saikat Das

Indian real estate and construction conglomerate Shapoorji Pallonji Group has completed a $3.4 billion financing in the country’s biggest ever private credit deal, according to people familiar with the matter.
Adani Group Outlines Transport Network in Rebuild of Mumbai Slum

6 days ago | bloomberg.com | Advait Palepu |Saikat Das

Pranav Adani during a site visit to the Dharavi slum cluster in Mumbai, last year. (Bloomberg) -- Adani Group plans to build a transportation network as part of the Dharavi redevelopment project in Mumbai that will house rail, road and airport transit facilities in a single location.
Adani Group Outlines Transport Network in Rebuild of Mumbai Slum

6 days ago | flipboard.com | Advait Palepu |Saikat Das

23 hours agoAdani Energy Solutions bags ₹1,660 crore transmission project in MaharashtraAhmedabad: Adani Energy Solutions Ltd (AESL) on Friday said it has won a ₹1,660 crore inter-state transmission project in Maharashtra.
India Halves Import Tax on Crude Edible Oils to Control Prices

6 days ago | news.bloomberglaw.com | Saikat Das |Shruti Srivastava

India reduced its basic import tax on crude edible oils to 10% to contain a sharp increase in domestic prices. The levies on crude palm, soybean and sunflower oils will be effective from May 31, the government said in a notification late Friday. The change will bring down the effective total duty on the oils to 16.5% from 27.5%, including other charges. The world’s biggest vegetable oil buyer implemented import levies on refined edible oils to help the local processing industry.
India’s Shapoorji Closes $3.4 Billion Record Private Credit Deal

1 week ago | flipboard.com | Saikat Das

6 hours agoIndian Baraat With 400 Guests Shut Down Wall Street; 'Once-In-A-Lifetime Kind Of Magic'A grand Indian wedding procession brought the essence of India to the heart of New York City's Wall Street. A video capturing nearly 400 people dancing through Lower Manhattan’s financial district has taken social media by storm, showcasing a joyous crowd dancing between towering skyscrapers and …NowWhy has Elon Musk quit Donald Trump’s administration?
India’s LIC Sole Buyer in Adani Ports’ Record Rupee Bond Sale

1 week ago | bloomberg.com | Saikat Das |Divya Patil

Adani Ports' Mundra Port. Photographer: Sumit Dayal/Bloomberg(Bloomberg) -- Life Insurance Corp. of India is the sole buyer in Adani Ports & Special Economic Zone Ltd.’s record 50-billion-rupee ($585 million) bond sale, according to people familiar with the matter. The company will issue a 15-year bond with a coupon of 7.75%, the people said, asking not to be identified as the information is private.