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Indian firms in crisis mode as Gulf conflict escalates

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“We are in touch with the client firms. The workers are safe. About 80 workers from our side were supposed to go to Bahrain and Qatar in the next two days; and now that has halted, and so have other recruitments for the region,” said Kapil Gupta, chief executive officer of Shella Consultants, an overseas…

India’s SP Group unit likely to face higher costs in new fundraising, sources say

Buzz line2 months ago04 mins

MUMBAI, Jan 9 (Reuters) – India’s Shapoorji Pallonji Group (SP Group) could likely be saddled with higher interest rates when its unit Goswami Infratech raises fresh funds, after another unit was forced to raise interest rates, two sources familiar with the plans said. Goswami Infratech, the SP Group’s real estate and civil engineering company, is…

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Indian firms in crisis mode as Gulf conflict escalates

India’s SP Group unit likely to face higher costs in new fundraising, sources say