The Life Insurance Corporation of India (LIC) has fully subscribed to a ₹5,000 crore non-convertible debenture for Adani Ports, marking a significant domestic debt raise. With a 7.75% annual coupon, this 15-year bond reflects APSEZ’s commitment to optimizing its capital structure, enhancing financial resilience for future growth and acquisitions.
Gurugram-based logistics-tech startup Shiplog has raised ₹6.5 crore in a seed round led by the Deepak Bhagnani Family Office. This marks its first funding since launching in 2022. The capital will enhance its tech infrastructure and expand its team, focusing on AI-driven inventory management for optimized last-mile delivery solutions.
A legal battle between celebrity US lawyer Tony Buzbee and music mogul Jay-Z has intensified over compensation claims by two injured seafarers. Buzbee’s firm is accused of diverting money meant for basic living expenses into high-interest loans, leaving the seafarers with only a fraction of their settlements. Jay-Z has taken legal action against Buzbee.
