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Shapoorji Pallonji Group plans to raise $2.5 billion next year to retire high-cost debt. The infrastructure conglomerate is contacting existing investors to gauge their repayment preferences, aiming to refinance $1.7 billion of existing debt. This move is part of a capital restructuring for group entity Goswami Infratech.
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News and Media
September saw record spending on credit cards and a surge in new card additions. Festivals and tax cuts fueled domestic consumption. Total monthly card spends exceeded 2.16 lakh crore, a significant year-on-year increase. E-commerce spending was particularly strong. This trend is expected to continue into October with ongoing festive promotions and discounts.
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News and Media
A federal judge has stopped the Trump administration from firing federal employees. This decision comes amid a government shutdown. The judge issued an injunction to halt the job cuts. This action challenges the administration's authority. Labor unions are suing to stop these layoffs. They claim the firings are an abuse of power.
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News and Media
The challenges facing America's nuclear bomb core production at Los Alamos National Laboratory couldn't be starker. The PF-4 building, old and deteriorating, experiences regular disruptions and contamination, hampering the nations ambitious plans for nuclear modernization, which are already off track and financially strained.
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News and Media
US Vice President JD Vance has confirmed that military members will be paid this week, providing some relief amidst a turbulent government shutdown. However, this situation has left millions grappling with cuts to food assistance and unpaid wages. Advocacy from federal employee unions is mounting for an urgent funding resolution.
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News and Media
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