India's economic engine is revving up, but navigating the global headwinds requires sharp strategy. The rupee's recent volatility against the dollar underscores the complexities facing Indian businesses, impacting everything from import-export trade to domestic inflation. This week alone, we've seen significant shifts in the IT sector, with major players announcing restructuring and a renewed focus on AI-driven solutions. Meanwhile, the burgeoning startup ecosystem continues to attract substantial funding, despite a cautious global investor sentiment. The government's recent policy announcements on infrastructure development and digitalization are poised to further shape the business landscape, creating both opportunities and challenges for entrepreneurs and established corporations alike. Understanding these market dynamics is crucial for success in today's rapidly evolving Indian economy. Stay informed with Abtak.com for the latest insights and analysis on key sectors including finance, manufacturing, and technology – empowering your business decisions in a dynamic market. Explore the complete business news section now to stay ahead of the curve.
Agreement in Principle Reached with Stalking Horse for Core Centers' Assets Sale Transactions to be Implemented Through an Expedited Prearranged Chapter 11 Plan Supported by 100% of CareMax's Secured Lenders CareMax Secures $30.5 Million in Debtor in Possession Financing to Support Operations and Continuing Provision of Healthcare Services (NASDAQ:HCSG) Throughout Restructuring Process MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (CareMax or the Company), a leading technology-enabled value-based care delivery system, today announced it has entered into an agreement to sell its management services organization and also announced a sale process for the Company's core centers' assets (collectively, the Sale Transactions). The Sale Transactions will be implemented pursuant to a prearranged chapter 11 plan supported and funded by 100 percent of CareMax's current secured lenders (the Prearranged Plan). CareMax has entered into an agreement with an affiliate of Revere Medical (formerly known as Rural Health Group), pursuant to which Revere Medical will acquire the Medicare Shared Savings Program portion of the Company's management services organization (the MSO Business) that supports care provided to approximately 80,000 Medicare beneficiaries. The sale of the MSO Business is anticipated to be consummated simultaneously with the consummation of CareMax's Prearranged Plan. The Company intends to wind down the ACO REACH and Medicare Advantage portions of its management services organization. CareMax also announced that it has reached an agreement in principle on a stalking horse agreement with a third-party buyer for the Company's operating clinic business (the Core Centers' Assets). The closing of this sale is also anticipated to be consummated simultaneously with the consummation of CareMax's Prearranged Plan. The Company intends to disclose the proposed terms of the stalking horse agreement and the potential purchaser in the coming days, when and if an agreement is finalized. The stalking horse bid will be subject to an auction and, if an agreement with the stalking horse bidder is not finalized in the coming days, CareMax's current secured lenders " who have been providing capital to the business for the past four months " will credit bid for the Core Centers Assets. The sale process is intended to ensure patient and doctor continuity and CareMax's secured lenders are committed to supporting the business throughout this process. To facilitate the foregoing, CareMax has initiated prearranged voluntary chapter 11 proceedings in the U.S. Bankruptcy Court for the Northern District of Texas (the "Court"). CareMax has also filed customary motions with the Court, seeking authorization to maintain business-as-usual operations, including by: These motions, once approved, will help facilitate a smooth transition into the restructuring process and ensure the Company's medical centers and physicians can continue providing uninterrupted service to patients. Simultaneously, CareMax entered into a restructuring support agreement (the "RSA") with lenders holding 100 percent of the Company's secured debt obligations. The RSA provides for, among other things, the lenders' support for the Sale Transactions and the Prearranged Plan and the lenders' agreement to provide CareMax with a $30.5 million debtor in possession financing facility to support CareMax's operations through confirmation of the Prearranged Plan (the DIP Financing). The Prearranged Plan, the Sale Transactions, the RSA, and the DIP Financing are subject to Court approval, as well as customary regulatory approval and closing conditions. CareMax anticipates that the Sale Transactions and Prearranged Plan will be consummated in early 2025. CareMax will continue to operate and maintain its commitment to providing high-quality patient care and services. The DIP Financing is expected to provide sufficient liquidity to support the Company's ongoing operations throughout the restructuring process. Carlos de Solo, Chief Executive Officer of CareMax, commented, After a careful review of the Company's strategic alternatives, we have determined that the transactions announced today are our best opportunity to protect the long-term value of the CareMax assets and ensure our patients, providers, and health plans can continue to rely on the comprehensive, coordinated care we provide. We are deeply appreciative of the outstanding team members across CareMax, whose hard work and commitment to our partners is resolute. Additional information regarding the Company's court-supervised process, court filings, and information about the claims process can be found at https://cases.stretto.com/CareMax, a website administered by CareMax's claims agent, Stretto, Inc. Information is also available by calling (855.314.3709) (Toll-Free) and (657.660.3550) (International). Additional information regarding the Prearranged Plan, Sale Transactions, the RSA, and the DIP Financing, and the impact of the foregoing on the Company's securityholders, can be found in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. Advisors Sidley Austin LLP is serving as legal counsel to CareMax. Alvarez & Marsal North America, LLC is serving as financial advisor to CareMax. Piper Sandler & Co. is serving as investment banker to CareMax. Ropes & Gray LLP is serving as legal counsel and Guggenheim Securities, LLC is serving as financial advisor and investment banker to the current secured lenders. About CareMax Founded in 2011, CareMax is a value-based care delivery system that utilizes a proprietary technology-enabled platform and multi-specialty, whole person health model to deliver comprehensive, preventative and coordinated care for its members. CareMax operates 46 clinical centers and employs approximately 1,100 employees who serve approximately 260,000 patients across all business lines. Through CareMax's fully-integrated, Five-Star Quality rated health and wellness centers, CareMax is redefining healthcare across the country by reducing costs, improving overall outcomes and promoting health equity for seniors. Rural Healthcare Group is now Revere Medical. Revere Medical is headquartered in Nashville, Tennessee and operates an employed medical group and provider network across six states. More information on Revere Medical can be found here: www.reveremedical.com Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements include statements regarding the process and potential outcomes and timing of the Company's chapter 11 proceedings, the Company's expectations regarding the Prearranged Plan, the Sale Transactions and the DIP Financing and the Court's approval thereof, the Company's expectations regarding reaching an agreement to sell the Core Centers' Assets, the Company's ability to continue to operate as usual during the chapter 11 proceedings and the Company's ability to pay for continuing obligations. Words such as "anticipate," "believe," "budget," "contemplate," "continue," "could," "envision," "estimate," "expect," "guidance," "indicate," "intend," "may," "might," "plan," "possibly," "potential," "predict," "probably," "pro forma," "project," "seek," "should," "target," or "will," or the negative or other variations thereof, and similar words or phrases or comparable terminology, are intended to identify forward-looking statements. These forward-looking statements reflect the Company's expectations, plans or forecasts of future events and views as of the date of this press release. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important risks and uncertainties that could cause the Company's actual results and financial condition to differ materially from those indicated in forward-looking statements include, among others, the Company's future capital requirements and sources and uses of cash, including funds to satisfy its liquidity needs; the Company's ability to fund its planned operations and its ability to continue as a going concern; the adverse impact of the chapter 11 proceedings on the Company's business, financial condition, and results of operations; the Company's ability to maintain relationships with patients, employees, doctors, health plans and other key payers and other third parties as a result of the chapter 11 proceedings; the effects of the chapter 11 proceedings on the Company and the interests of various constituents, including holders of the Company's common stock; the Company's ability to obtain court approvals with respect to motions filed or other requests made to the Court throughout the course of the chapter 11 proceedings; risk associated with third-party motions in the chapter 11 cases; and the other risks and uncertainties described from time to time in the Company's filings with the United States Securities and Exchange Commission (the SEC). For a detailed discussion of the risk factors that could affect the Company's actual results, please refer to the risk factors identified in the Company's reports filed with the SEC. All information provided in this press release is as of the date hereof, and the Company undertakes no duty to update or revise this information unless required by law, and forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20241117000726/en/ Investor Relations / Media Jude Gorman / Clayton Erwin / Olivia Sherman Collected Strategies CareMax-CS@collectedstrategies.com
MUMBAI: Borrowing costs at India's two most rate-sensitive sectors - property and automobiles - are set to head South soon after the central bank Friday made its steepest rate cut since March 2020 and promised ample liquidity in the shape of the lowest cash reserve ratio (CRR) on record. The Nifty Realty index surged nearly 5%, even dwarfing gains for financial stocks, reflecting the likely impact of the big-bang policy moves on home purchases. Home, personal, and car loans tied to external benchmarks, such as the repo rate, will see an immediate downward reduction. However, loans tied to the ...Read More >
Pune (Maharashtra) [India], August 14: Gold has always held a special place in Indian homes, treasured for both its beauty and its lasting value. Beyond its cultural significance, gold jewellery has been a trusted financial backup for generations, helping families in times of need. Now, with Bajaj Finserv Gold Loan, this age-old tradition meets modern convenience. Also Read | 'Ruin the Friendship' and 'CANCELLED!': Are These Taylor Swift's Alleged Diss Tracks Targeting Blake Lively? Fan Theories Go Viral Amid 12th Album 'The Life of a Showgirl' Announcement. During the Prime Loan Festival, i ...Read More >
CHENNAI, India, Oct. 18, 2025 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), India's leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced that it will report its unaudited IFRS financial results for the second quarter ended September 30, 2025 on Saturday, October 25, 2025 before the market opens. The following Monday, October 27, 2025, Sify will host a conference call at 8:30 AM ET with Mr. Raju Vegesna, Chairman of the Board and Mr. M P Vijay Kumar, Executive Director & Gro ...Read More >
Mumbai: Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock Rs 2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy.With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher funds for lending."The Reserve Bank remains committed to provide sufficient liquidity to the banking system. To further provide dur ...Read More >
New Delhi: The Delhi High Court has reaffirmed that the personal liberty of two consenting adults to marry and live together peacefully is protected under Article 21 of the Indian Constitution. In a recent ruling, the court emphasised that family opposition cannot override this autonomy. Justice Sanjeev Narula stated that the Supreme Court has consistently upheld this principle, directing law enforcement to protect couples from threats or coercion. In this case, the court ordered police protection for a young couple who feared harassment from the woman's family. The couple had solemnised the ...Read More >
The Reserve Bank of India (RBI) is set to bolster bank capital adequacy by allowing the inclusion of quarterly profits in CRAR without strict NPA provisioning conditions. In a move aimed at supporting the capital adequacy of commercial banks, the Reserve Bank of India (RBI) on Wednesday proposed to ease norms for including quarterly profits in the computation of the Capital to Risk-Weighted Assets Ratio (CRAR) and to withdraw the requirement of maintaining an Investment Fluctuation Reserve (IFR) ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday announced a set of measures aimed at simplifying regulations for banks, improving access to finance for small businesses, and enhancing liquidity in financial markets. In its official statement, the central bank outlined steps to reduce compliance burden for banks while strengthening the overall financial system. Also Read | Sikkim State Lottery Result Today 6 PM Live: Dear Regal Wednesday Lottery Result of April 8, 2026 Declared Online, Watch Lucky Draw Winners List. It stated, "Statement on Developmental a ...Read More >
New Delhi [India], March 30 (ANI): A recent report by Fitch Ratings has flagged heightened risks in India's gold-loan segment following a decline in gold prices, underscoring the need for robust risk controls among non-bank financial institutions (NBFIs). In its latest assessment, Fitch said that falling gold prices could erode the value of collateral backing gold loans, potentially weakening lenders' recovery prospects in the event of borrower defaults. "A decline in gold prices puts pressure on collateral coverage and increases the importance of active risk management," the agency noted. G ...Read More >
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The US Labor Department published a proposed regulation on Monday intended to give 401(k) participants access to alternative investments, including crypto assets such as Bitcoin (BTC). The Employee Benefits Security Administration (EBSA) framed the rule as "historic," saying it lays out a clear, process-driven framework that plan fiduciaries can follow when evaluating non-traditional assets for defined contribution plans. At the heart of the proposal are safe-harbor procedures ...Read More >
Gurugram (Haryana) [India], April 2: VinFast has officially opened bookings for the VF MPV 7, a premium seven-seater electric MPV designed for Indian customers. With its spacious interior, smart technology, and strong practicality, this third VinFast model in the market is expected to fully meet everyday mobility needs with outstanding value proposition. It also reaffirms the company's long-term commitment to developing a comprehensive green mobility ecosystem in India, delivering smart, modern, and sustainable transport solutions for every household. Also Read | Pune Weather Update: Rain To ...Read More >
Steel prices are rebounding and earnings visibility is improving -- Anand Rathi flags three metal stocks that could outperform in Q4 FY26. India's metals and mining companies are seeing stronger pricing, improving demand and better earnings visibility, according to a recent sector note released by Anand Rathi Share and Stock Brokers. The brokerage has identified a handful of companies where the improvement is sharp enough to stand out from the broader pack. Its focus remains on businesses that a ...Read More >
India's startup IPO engine is back in high gear. Over the last few weeks, a dozen new-age companies -- including Meesho, Groww, PhysicsWallah, Pine Labs, Urban Company and Wakefit -- have filed draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI), collectively looking to raise almost Rs 20,000 crore in primary capital. The filings signal more than just a busy pipeline. They reflect a shift in tone: founders and their investors are no longer waiting for perfect market conditions or chasing euphoric valuations. This time, they're coming to the public mar ...Read More >
LAFAYETTE, Colo. - urban-gro, Inc. (NASDAQ:UGRO) furnished an investor presentation on Monday outlining its strategic focus on the global T20 cricket market following its integration with Flash Sports & Media, Inc. and Innovative Production Group, Inc. The company detailed four catalysts with varying timelines. The first involves market entry through a targeted May 15, 2026 player draft and auction for LPL Season 6. The second catalyst focuses on monetization through sponsorships, media rights p ...Read More >
Gandhinagar: In households in Gujarat's cities, cereals may take up less space in the grocery bill, but they still dominate the dinner plate. A new Union govt report shows that cereals, while accounting for just 3.8% of household spending, supply 35% of total calorie intake in cities. In villages, their role is even more dominant, making up 43% of calorie consumption while accounting for 4.5% of total spending.Cereals also account for a major portion of protein intake for people in Gujarat.These insights come from the Centre's latest "Nutritional Intake in India" report, which tracks food patt ...Read More >
New Delhi [India], July 13 (ANI): The business valuation of the Indian Premier League (IPL) has surged an unprecedented USD 18.5 billion, marking a 12.9 per cent increase over the past year. According to the latest edition of analysis by Houlihan Lokey, valued at Rs 1.56 lakh crore in Indian currency, this growth underscores the IPL's status as one of the most lucrative sports leagues in the world. The global investment bank listed on the NYSE stated that the brand value of IPL increased 13.8 per cent in 2025, reaching USD 3.9 billion (equivalent to Rs 32,721 crore, reflecting a 16.1 per cen ...Read More >
Mumbai: Investments in equity mutual funds rebounded in June after five consecutive months of declining inflows. Net inflows surged to ₹23,587 crore during the month, marking a 24% jump over May's ₹19,013 crore, driven by fresh subscriptions to flexi-cap, mid-cap and small-cap schemes. While debt mutual funds saw outflows, a buoyant equity market and pick-up in retail participation helped the industry's net assets under management (AUM) scale to a new all-time high of ₹74.41 lakh crore in June, up from ₹72.20 lakh crore in May. The reversal comes after inflows had steadily fallen from ₹39,68 ...Read More >
MUMBAI: The Indian rupee on Tuesday slipped to a fresh all-time low, crossing the 91 mark, making it one of the weakest major currencies globally this year and the weakest in Asia in 2025 so far. The pressure on the currency is being driven by uncertainty around the India-US trade deal, continued foreign institutional investor (FII) outflows and persistent US dollar buying. Over the past 9 trading sessions, the currency has declined from 90 to 91 against the dollar, including a one percent drop in just the last five sessions. According to forex traders, the rupee might even cross the 92 per do ...Read More >
Nagpur: Warrior king Chhatrapati Shivaji Maharaj belonged to the entire country, but British history tried to confine him as a regional icon, said BJP leader and Rajya Sabha MP Sudhanshu Trivedi, who was in Nagpur on Friday to attend an event marking the 351st anniversary of Shivaji Maharaj's coronation. Trivedi told TOI at the event organized by Shivaji Maharaj Kruti Samiti that Shivaji Maharaj's contribution in 'safeguarding' the southern part of India from Mughal invasion must not be forgotten.Trivedi said, "Shivaji Maharaj belonged to all of us, entire country. Unfortunately, the British p ...Read More >
Mumbai, July 2 (SocialNews.XYZ) The Indian benchmark indices opened higher on Wednesday amid positive global cues, as buying was seen in the IT and auto sectors in the early trade. At around 9.23 am, Sensex was trading 225.5 points or 0.27 per cent up at 83,922.79 while the Nifty added 58.75 points or 0.23 per cent at 25,600.55. According to analysts, after breaking the 24,500-25,000 range, Nifty has moved to the new range of 25,200-25,800. Positive news about a possible trade deal between India and US can help break the upper limit of the range but it would be difficult to sustain the Nift ...Read More >
Pune (Maharashtra) [India], July 3: Small Cap Funds are known for their potential to generate higher returns in the long run, but they are often sensitive to market volatility. These market movements are often a result of different factors like limited liquidity, changes in market sentiment or others. In this scenario, selecting the suitable small cap company becomes essential to help mitigate the market swings. However, even a quality portfolio can not be immune to short-term market movements. Also Read | Microsoft Layoffs: Satya Nadella-Run Firm Lays Off Around 9,000 Employees, Hits Xbox Di ...Read More >
MUMBAI: IPL, cricket's annual showpiece event, has seen its business value jump 13% in a year to $18.5 billion - nearly Rs 1.6 lakh crore. At the same time, its brand value has risen 14% to nearly $4 billion (about Rs 33,000 crore), a report by NYSE-listed investment bank Houlihan Lokey, which has valued several sports franchises around the world, showed.The year also saw 2025 IPL winner Royal Challengers Bengaluru taking the top slot in terms of brand value among the 10 teams that compete in the league. The first-time winner in the league's 18-year history has a brand value of $269 million.In ...Read More >
NewsVoir Gurugram (Haryana) [India], August 25: VinFast Auto India, a subsidiary of global EV brand VinFast, has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI), the nation's largest bank, to provide retail car financing through its exclusive dealer network. The agreement aims to offer a seamless suite of credit solutions ahead of the company's highly anticipated launch. Under the agreement, customers will enjoy tailored financing solutions, including attractive interest rates, flexible repayment options, up to 100% on-road funding, exclusive offers and priority ser ...Read More >
Mumbai, Jun 6 (PTI) Reserve Bank on Friday decided to cut Cash Reserve Ratio (CRR) by a huge 1 per cent, which will unlock ₹2.5 lakh crore liquidity to the banking system for lending to productive sectors of the economy. With the reduction in four equal tranches ending November 29, 2025, the CRR would come down to 3 per cent. This means that the commercial banks would have to maintain a lower level of 3 per cent in liquid cash form with the RBI allowing them to have higher funds for lending. "The Reserve Bank remains committed to provide sufficient liquidity to the banking system. To further ...Read More >
New Delhi, Jul 18 (PTI) Delhi Art, Culture and Tourism Minister Kapil Mishra on Friday visited the Prime Ministers Museum and Library (PMML) at Teen Murti Marg, with singer and music director Himesh Reshammiya accompanying him. The museum, which showcases the lives and contributions of India's former prime ministers, features 14 high-tech galleries equipped with interactive and immersive exhibits, including a 6D helicopter ride, virtual photo booths, a handwriting robot, a time machine and a kinetic LED-lit national flag and emblem, according to a statement. Calling the museum a symbol of mo ...Read More >
Gurugram : Women borrowers are emerging as some of the most reliable participants in India's credit ecosystem, according to behavioral insights from the financial empowerment platform Zavo. Drawing on activity across more than 3 million users on its platform, Zavo's data indicates that women borrowers consistently show stronger repayment discipline and higher engagement with their financial obligations than male borrowers. Within the platform, 948,000 users are women, accounting for 31.6% of the total user base. Yet despite representing roughly one third of borrowers, women account for 35% o ...Read More >
New Delhi [India], April 3 (ANI): State governments and Union Territories across the country are expected to raise a total of Rs 2,54,509 crore through market borrowings during the first quarter of the 2026-27 financial year. According to an indicative calendar released by the Reserve Bank of India (RBI) on Thursday, these borrowings will take place between April and June 2026 as part of the states' efforts to manage their financial requirements. The central bank, acting as the debt manager for ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India on Wednesday announced a set of measures aimed at simplifying regulations for banks, improving access to finance for small businesses, and enhancing liquidity in financial markets. In its official statement, the central bank outlined steps to reduce compliance burden for banks while strengthening the overall financial system. It stated, "Statement on Developmental and Regulatory Policies... This Statement sets out various developmental and regulatory policy measures relating to Regulations; Supervision; Payment Systems; a ...Read More >
CHICAGO--(BUSINESS WIRE)--JBT Corporation (NYSE: JBT), a leading global technology solutions provider to high-value segments of the food and beverage industry, today announced receipt of all remaining regulatory clearances required to complete its proposal to acquire all issued and outstanding shares of Marel hf. ( ICL (TASE:ICL): Marel). On November 26, 2024, the European Commission (E.C.) adopted a clearance decision at the end of its Phase 1 review period. Additionally, on November 22, 2024, JBT received formal confirmation that the Australian Competition and Consumer Commission does not op ...Read More >
New Delhi: The business valuation of the Indian Premier League (IPL) has surged to an unprecedented USD 18.5 billion, marking a 12.9 per cent increase over the past year. According to the latest analysis by Houlihan Lokey, this amounts to ₹1.56 lakh crore in Indian currency. The growth underscores the IPL's status as one of the most lucrative sports leagues in the world. The global investment bank, listed on the NYSE, stated that the brand value of the IPL increased by 13.8 per cent in 2025, reaching USD 3.9 billion (equivalent to ₹32,721 crore), reflecting a 16.1 per cent year-over-year incr ...Read More >
Mumbai, Oct 31 (SocialNews.XYZ) Actress Deepika Padukone, who has been a strong advocate for mental health awareness, reacted to cricketer Jemimah Rodrigues' recent revelation about battling anxiety. The 'Om Shanti Om' actress, known for openly sharing her own struggles with depression in the past, praised Jemimah for her honesty and courage in speaking up, highlighting the importance of conversations around mental well-being in sports and beyond. Taking to her Instagram Stories, Deepika Padukone reshared a video of cricketer Jemimah Rodrigues, in which the athlete opened up about her struggl ...Read More >