Vedanta Resources secured a $350 million, 3.5‑year revolving credit facility from a consortium of six banks, including First Abu Dhabi Bank, Mashreq, Standard Chartered, Deutsche Bank and JPMorgan. The loan, priced at SOFR + 435 bps, will refinance existing maturities, fund interest payments and support general corporate purposes. The facility follows earlier borrowings in December and reflects Vedanta's ongoing debt‑reduction strategy that has cut gross debt from $9.1 bn in 2022 to $4.7 bn by mid‑2025. Twin Star, the promoter’s holding, acts as guarantor for the line.

US private‑equity firm Warburg Pincus is in advanced talks to acquire Mumbai‑based formulations maker Integrace Health for about ₹1,200 crore. Integrace, currently owned by True North Fund VI LLP and Temasek’s V‑Science Investments, is expected to sign the deal in a...

PhonePe, the Indian UPI‑centric fintech, announced plans to go public after receiving SEBI approval for its draft prospectus. The IPO aims to capitalize on its 657 million users, extensive merchant network, and expanding financial‑services offerings. The filing highlights strong revenue growth...