
Bangalore Airport in Talks to Raise About $1.1 Billion in Bonds
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.
Bangalore International Airport Ltd. in India is in advanced talks to raise about 90 billion rupees ($1.1 billion) by issuing local currency bonds, seeking to refinance an existing debt and fund expansion projects, according to people familiar with the matter.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
25 minutes ago
- Yahoo
The Protocol: Polygon, Once a Scaling Leader, Eyes a Revamp
Welcome to The Protocol, CoinDesk's weekly wrap-up of the most important stories in cryptocurrency tech development. We're Margaux Nijkerk and Sam Kessler, CoinDesk's Tech & Protocols team. In this issue: Sandeep Nailwal Takes Control of Polygon Foundation, Charts New Course, Retires ZkEVM Ethereum Foundation Unveils New Treasury Policy With 15% Opex Cap Bitcoin Core 30 to Increase OP_RETURN Data Limit After Developer Debate Concludes Plume Launches Genesis Mainnet to Bring Real-World Assets to DeFi Unknown block type "divider", specify a component for it in the ` option SANDEEP NAILWAL TAKES CONTROL OF POLYGON FOUNDATION, RETIRES ZKEVM: Polygon co-founder Sandeep Nailwal has officially assumed the role of CEO of the Polygon Foundation, marking a pivot in the organization's leadership makeup and a sweeping overhaul of the network's longterm roadmap. Nailwal, who launched the project in 2017 when it was still called Matic Network, will consolidate control and reorient the team toward AggLayer — Polygon's new cross-chain liquidity protocol that promises seamless interoperability across networks. The foundation will also retire zkEVM, Polygon's rollup network. "This renewed control marks the beginning of a strategic push for Polygon to reclaim its position at the forefront of Web3," the team wrote in a press release shared with CoinDesk — Marguax Nijkerk Read more. ETHEREUM FOUNDATION'S NEW TREASURY POLICY: The Ethereum Foundation published an updated treasury policy, outlining a series of new plans around token sales, fiat purchases and transparency practices designed to ensure the organization's "long-term agency, sustainability, and legitimacy." The EF, a Swiss non-profit, plays a central role in the Ethereum blockchain ecosystem. In addition to employing researchers, builders and community liaisons, the foundation was granted a large trove of ether (ETH) tokens at Ethereum's genesis which it uses to fund its operations and support other projects in the ecosystem. In a blog post, the foundation stated it plans to annually designate 15% of its treasury to operational expenses ("opex"), with a 2.5-year buffer kept at all times in its reserves. "We intend to reduce annual opex roughly linearly over the next five years, ending at a long-term 5% baseline," the foundation wrote. "This policy reflects our conviction that 2025-26 are likely to be pivotal for Ethereum, warranting enhanced focus on critical deliverables.' — Margaux Nijkerk Read more. BITCOIN CORE 30 TO INCREASE OP_RETURN DATA LIMIT: The developers of Bitcoin Core, the primary open-source software for connecting the blockchain behind the world's largest cryptocurrency, said October's version 30 release will increase the default limit for OP_RETURN data transactions from the current 80 bytes to nearly 4MB, a limit imposed by Bitcoin's block size. The proposal for the change, which was confirmed in an update on GitHub, had sparked debate within the Bitcoin community. Critics argued that removing the limit could encourage increased embedding of arbitrary data, potentially leading to network spam and a shift from bitcoin's primary function as a financial tool. — Sam Reynolds Read more. PLUME MAINNET GOES LIVES: Plume, a blockchain network focused on real-world assets, announced the launch of its hotly anticipated Genesis launch, according to a statement shared by the Plume team, marks the "next generation" of asset-backed DeFi — tokenizing traditional financial instruments, or real-world assets (RWA), so they can interact with blockchain-based financial tools. RWAs have taken over the world of blockchain, as they are viewed as a market that could be worth trillions of dollars with traditional financial institutions steadily dipping into crypto. — Margaux Nijkerk Read more. Unknown block type "divider", specify a component for it in the ` option Safe, the popular multiparty crypto wallet previously called Gnosis Safe, has launched a new development unit, Safe Labs, in a move aimed at consolidating its operations and sharpening its product roadmap after it was targeted in February's $1.4 billion ByBit hack — the largest crypto heist to date. Along with the change, Safe is building a more "opinionated" V2 of its platform targeted at enterprise customers. — Sam Kessler Read more. Morpho, a permissionless cryptocurrency lending protocol, unveiled an update that seeks to further align decentralized finance (DeFi) with traditional lending by bringing more in the way of bespoke, predictable loan terms. Morpho V2 delivers market-driven fixed-rate, fixed-term loans with customizable terms, features previously unseen in DeFi, which are required to meet the demands of institutions and enterprises looking to build or migrate financial products on-chain, Morpho said in a press release on Thursday.— Ian Allison Read more. The U.S. Securities and Exchange Commission is working on policy to exempt decentralized finance (DeFi) platforms from regulatory barriers, said Chairman Paul Atkins. Software developers building DeFi tools have no business being blamed for how they're used, Atkins and other SEC Republicans contended at the final of five crypto roundtables that have been held at the agency since the leadership turnover under President Donald chairman told a roundtable of DeFi experts that he's directed the SEC staff to look into changes to agency rules "to provide needed accommodation for issuers and intermediaries to seek to administer on-chain financial systems." Atkins called that potential exemptive relief "an innovation exemption" that would let entities under SEC jurisdiction bring on-chain products and services to market "expeditiously." — Jesse Hamilton Read more. The international unit of Alipay owner Ant Group plans to seek stablecoin licenses in Hong Kong and Singapore, Bloomberg reported on Thursday. Ant International will apply for a stablecoin issuer's license once the regulatory regime comes into effect in August, according to the report, citing people familiar with the matter. The firm is also planning to apply for a similar license in its native Singapore, as well as Luxembourg. — Jamie Crawley Read more. Unknown block type "divider", specify a component for it in the ` option June 8-22: Berlin Blockchain Week, Berlin June 24-26: Permissionless, Brooklyn June 30-July 3: EthCC, Cannes July 16-18: Web3 Summit, Berlin Sept. 22-28: Korea Blockchain Week, Seoul Oct. 1-2: Token2049, Singapore Nov. 17-22: Devconnect, Buenos Aires Dec. 11-13: Solana Breakpoint, Abu Dhabi Feb. 10-12, 2026: Consensus, Hong Kong May 5-7, 2026: Consensus, Miami Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Poundland moves to new ownership under Gordon Brothers
Pepco Group has finalised the sale of its Poundland business to Gordon Brothers International LLC, marking a significant step in the company's strategy to focus on its higher margin Pepco retail operations. The transaction, completed in June 2025, is expected to simplify Pepco Group's structure and enhance overall profitability. The sale of Poundland, a UK-based discount retailer operating over 800 stores and employing around 16,000 people, aligns with Pepco Group's decision to concentrate on its core Pepco brand, which primarily offers clothing and general merchandise. In the previous financial year, Poundland accounted for about one-third of group revenues but contributed only 5% to earnings before interest, tax, depreciation, and amortisation (EBITDA). The divestment is designed to improve revenue growth, increase margins, and boost cash generation by focusing on the more profitable Pepco operations across Europe. Gordon Brothers is a global advisory, restructuring, and investment firm that specialises in helping businesses with asset management, turnaround, and growth strategies. Established over a century ago, the company works across various industries to manage and revitalise brands and operations. Their acquisition of Poundland fits within their wider approach to investing in retail businesses and supporting their development. Poundland was sold for nominal consideration, with Pepco retaining secured and unsecured loans amounting to £30 million as part of the deal. A restructuring plan involving the transfer of certain financial arrangements is pending approval by the High Court in England. Under the new ownership, Poundland will continue to operate under its established brand in the UK, led by current managing director Barry Williams. Pepco Group expects to retain a minority investment interest, allowing it to maintain some involvement in Poundland's future performance. Both companies have also agreed on transitional service arrangements to support operations during the changeover. This move is part of a broader strategy by Pepco Group to streamline its portfolio and focus on sectors delivering higher returns and stronger growth prospects, moving away from fast-moving consumer goods (FMCG) and potentially considering further divestments in related businesses. Several news outlets, including the BBC, have reported that Poundland was sold for approximately £1. However, Pepco's official statement did not disclose a specific sale price, instead referring only to the shares being sold for "nominal consideration," which typically means a very small or symbolic amount. "Poundland moves to new ownership under Gordon Brothers" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.


Entrepreneur
36 minutes ago
- Entrepreneur
Repello AI Raises USD 1.2 Million Seed Round, Launches GenAI Security Platforms
"We're at an inflection point where AI adoption is accelerating faster than security solutions can keep pace," says Aryaman Behera, Co-founder and CEO of Repello AI You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Repello AI, a San Francisco and Bengaluru-based startup focused on AI security, has raised USD 1.2 million in seed funding to advance its mission of safeguarding generative AI (GenAI) systems. Founded in 2024 by IIT Roorkee alumni Aryaman Behera and Naman Mishra, the company is addressing a rising concern among enterprises: the growing vulnerability of GenAI applications to complex and evolving cyber threats. The seed round saw participation from Venture Highway (acquired by General Catalyst), pi Ventures, Entrepreneur First, and angel investors including Charles Songhurst (Board Member, Meta), Vivek Raghavan (CEO, and Satya Vyas (CEO, Project Hero). With the fresh capital, Repello AI plans to accelerate product development, expand its red teaming and threat intelligence capabilities, and scale go-to-market operations. As part of its launch, Repello AI introduced two security platforms—ARTEMIS and Repello Guard—designed to help enterprises continuously identify and mitigate AI-specific risks. ARTEMIS (Automated Red Teaming Engine for Mapping, Identification and Scanning) performs millions of adversarial tests across modalities like text, image, and audio to proactively uncover vulnerabilities in GenAI systems and provide actionable fixes. Repello Guard complements this by offering runtime protection through threat monitoring and guardrails, detecting unsafe outputs, system prompt leaks, and brand-damaging content in real time. "We're at an inflection point where AI adoption is accelerating faster than security solutions can keep pace," said Aryaman Behera, Co-founder and CEO of Repello AI. "Enterprises are deploying generative AI across every function, but they're doing it with yesterday's security playbook. The best defense is a strong offense, and we're ensuring our customers can proactively identify and neutralise emerging AI security threats before they become enterprise risks. The market needs a new approach—one that's as sophisticated and scalable as the AI systems it's protecting. That's exactly what we're building." The company's approach combines offensive security methods with automation to address risks like prompt injection attacks, compliance failures, and unsafe AI behaviors—challenges that traditional cybersecurity tools often miss. Co-founder and CTO Naman Mishra added, "As GenAI transforms industries, its security architecture cannot be an afterthought. From day one, our goal has been to stay ahead of emerging threats. With our products, we're reimagining AI security from the ground up, merging proactive adversarial testing with automated scale to preempt threats before they are exploited." Supporting this view, Roopan Aulakh, Managing Director at pi Ventures, said, "Generative AI introduces a fundamentally new threat landscape. One that traditional cybersecurity solutions weren't built for. Accurately detecting and mitigating threats in the dynamic GenAI attack surface is a complex challenge. Having built in security and AI since their college days, Aryaman and Naman have built a GenAI-native security solution to go beyond perimeter defense, identify unknown threats and optimise for high precision and recall." Currently used by companies like Groww and PhysicsWallah.