Economy
Market Update: Canara Bank, Vodafone Idea, and Bharat Forge Developments

Market Update: Canara Bank, Vodafone Idea, and Bharat Forge Developments

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THE BRIEF
1

Canara Bank plans to raise ₹8,500 crore through Basel III-compliant Tier 1 and Tier 2 bonds, while Vodafone Idea secured $3.5 billion in debt financing from a State Bank of India-led lender group.

2

Shankesh Jewellers reported a 55.1% revenue growth to ₹424 crore for the first quarter, and Juniper Green Energy commissioned 35 MW of wind power capacity toward its 190 MWp project target.

3

Bharat Forge completed the merger of its German subsidiaries, and Premier Energies signed a term sheet to build a 12 GWh battery energy storage facility in Telangana with Germany's RCT Group.