Breaking News Live Updates: Consumer durables brand Crompton goes zero-debt after a final repayment of Rs 300 cr debt

Economic Times

2 days ago

23 Jul 2025 | 10:56:54 AM IST
Breaking News Live Updates: Consumer electronics brand Crompton today announced the successful repayment of Rs. 300 Crs, taking the company to a zer-debt position.
Breaking News Live Updates: Consumer electronics brand Crompton today announced the successful repayment of Rs. 300 Crs.This milestone marks the full repayment of the total debt of Rs. 2,125 Crs undertaken for the acquisition of Butterfly Gandhimathi Appliances Ltd. ('Butterfly'), a 75% subsidiary."With the repayment of this final tranche of NCDs of Rs. 323 (Principal + Interest), we are pleased to announce that we have transitioned to a zero-debt position," company's CFO said. Show more Two Kanwariyas electrocuted to death, and 32 injured after high tension wire snaps during village parikarma in Bichgaon.Laxmangarh SHO Hariom said, 'We got the information that several Kanwariyas got injured due to current. Two Kanwariyas are brought here, who are stable now. Rest of the injured are being brought here. We don't have clear information but we got to know that there are two casualties.'
(Source: PTI)
Consumer electronics brand Crompton today announced the successful repayment of Rs. 300 Crs.This milestone marks the full repayment of the total debt of Rs. 2,125 Crs undertaken for the acquisition of Butterfly Gandhimathi Appliances Ltd. ('Butterfly'), a 75% subsidiary."With the repayment of this final tranche of NCDs of Rs. 323 (Principal + Interest), we are pleased to announce that we have transitioned to a zero-debt position," company's CFO said. Price as on 10.14.36 AM , Click on company names for their live prices. Price as on 10.10.22 AM , Click on company names for their live prices. Trading on India's multi-commodity exchange MCX was suspended because of a technical glitch. The company informed that it has resumed the operations. Japanese Prime Minister Shigeru Ishiba plans to soon announce his resignation, local media said Wednesday, after an election debacle left his coalition without a majority in parliament's upper house. The reports said Ishiba had conveyed his intention to step down to those close to him, following the announcement Wednesday of a US-Japan trade deal.
US tariffs of 50 percent on imports of Japanese steel and aluminium are not part of the two countries' trade deal announced earlier, Tokyo's trade envoy said Wednesday."If you are asking whether the deal includes steel and aluminium, it does not," Ryosei Akazawa told reporters in Washington. Japan and the United States agreed to keep the current 50% tariff on steel and aluminium as part of the bilateral trade deal, Japanese public broadcaster NHK reported on Wednesday.
The U.S. Financial Industry Regulatory Authority (FINRA) is probing Morgan Stanley over whether it properly vetted its clients for money-laundering risks, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The U.S. Justice Department accused a panel of New Jersey federal court judges of political motives for declining to permanently appoint Republican President Donald Trump's former lawyer Alina Habba as the state's top federal prosecutor.The judges on the U.S. District Court in New Jersey named Desiree Grace, the second highest-ranking official in the U.S. attorney's office, to replace Habba on Tuesday. Hours later Attorney General Pam Bondi said Grace had been removed."This Department of Justice does not tolerate rogue judges — especially when they threaten the President's core Article II powers," Bondi wrote in a post on X, referring to Trump's authority under the U.S. Constitution.Federal law allows district courts to intervene if an interim U.S. attorney has not received Senate approval within 120 days. Japan will effectively raise the portion of rice it imports from the United States as part of the bilateral trade deal, Japanese public broadcaster NHK reported on Wednesday.Japan will keep the overall "minimum access" framework for rice imports, according to the report.Under a World Trade Organization (WTO) minimum access framework introduced in 1995, Japan imports about 770,000 metric tons of rice tariff-free every year. President Donald Trump said he has reached a trade agreement with Philippine leader Ferdinand Marcos Jr., following a meeting Tuesday at the White House, that will see the U.S. slightly drop its tariff rate for the Philippines without paying import taxes for what it sells there.Trump revealed the broad terms of the agreement on his social media network and said the U.S. and the Philippines would work together militarily. The announcement of a loose framework of a deal comes as the two countries are seeking closer security and economic ties in the face of shifting geopolitics in the Indo-Pacific region.Marcos' government indicated ahead of the meeting that he was prepared to offer zero tariffs on some U.S. goods to strike a deal with Trump. The Philippine Embassy did not immediately respond to a message seeking comment.Marcos' three-day visit to Washington shows the importance of the alliance between the treaty partners as China is increasingly assertive in the South China Sea, where Manila and Beijing have clashed over the hotly contested Scarborough Shoal. Japan and the United States have agreed to set Japanese auto tariffs at 15%, five sources told Reuters.The countries have agreed to reduce additional tariffs on Japanese automobiles to 12.5% from an earlier planned 25%, bringing the total to 15%, including the original 2.5% rate, the sources said.