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Vodafone Idea defers Rs 8,837 crore AGR dues payment by four years

Vodafone Idea (Vi) has opted for a four year moratorium on payment of Rs 8837 crore in AGR dues in addition to one exercised last year. Similarly, the telecom company has the option to convert interest on deferred amount into additional equity to government.

The government is set to own 33 per cent stake in Vi following an earlier decision to convert interest with net present value of interest worth Rs 16,000 crore into equity

Reliance Industries seeks new technologies to make cheaper green hydrogen

Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country.

As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology, Kapil Maheshwari, president for new energy at Reliance, said at the BloombergNEF summit in New Delhi on Wednesday.

IIFL Finance gets board's approval to raise Rs 5,000 cr by issuing bonds

IIFL Finance is planning to raise debt capital worth Rs 5,000 crore by issuing bonds on a private placement basis, the company said on Thursday.

The bonds will be offered through public issue, subject to regulatory and statutory approvals, IIFL Finance said in a regulatory filing.

Macrotech Developers enters B'luru; eyes Rs 1,200 cr sales from 1st project

Realty major Macrotech Developers Ltd on Thursday announced its entry in the Bengaluru market and has formed a joint venture to develop its first housing project with an estimated sales bookings value of Rs 1,200 crore.

In a regulatory filing, Macrotech Developers said it will acquire 100 per cent equity of G Corp Homes to make foray into the Bengaluru market.

Chaayos raises $53 mn in Series C funding led by Alpha Wave Ventures

Leading "chai" (tea) cafe chain Chaayos on Thursday announced it has raised $53 million in Series C funding led by Alpha Wave Ventures. The company said it will use the money for tech-enhancement, hiring and store expansion. The latest round saw participation from existing investors Elevation Capital, Tiger Global and Think Investments.

Founded in 2012 by Nitin Saluja and Raghav Verma, Chaayos runs 190 stores acrosssix cities and plans to add 100 more by the end of this year.

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