Fitch affirms Adani Transmission at 'BBB-'; outlook stable

Fitch Ratings today said it has affirmed Adani Transmission Ltd's (ATL) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB-'.

"The Outlook is Stable. Fitch has also affirmed the company's USD 500 million 4.0 per cent senior secured notes due 2026 at 'BBB-'," Fitch Ratings said in a statement.

The IDRs on ATL reflect the relatively low business risks associated with its regulated electricity transmission assets in India, although the company is exposed to some weak counterparties, it said.

Fitch expects ATL to compete prudently for new projects, and forecasts ATL to maintain a financial profile adequate for its ratings.
 

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Jigsaw Academy, University of Chicago partner for a program * Online institution for analytics Jigsaw Academy today said it is collaborating with University of Chicago Graham School to introduce an integrated programme in data science and machine learning.

"This course is being launched today and will equip students with the training required to solve real-life business problems through big data analysis, as well as technical skills on machine learning platforms," a Jigsaw Academy statement said.

Open to young professionals working across domains or functions, the course integrates business strategy, project-based learning, simulations and case studies, it added.

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DoneThing.Com raises Rs 2 cr from Times Group investment arm * On-demand personal assistant service DoneThing.Com today said it has received USD 300,000 (Rs 2 crore) funding from Brand Capital, the investment arm of Times Group.

The amount raised will be used for geographical growth and service expansion, a statement by DoneThing said.

Brand Capital is the investment arm of media conglomerate Bennett Coleman and Co. Ltd.

"With this fresh round of funding we are aiming at a two-pronged approach...Tapping newer geographies (like Bangalore and Mumbai) and making our presence in the Delhi NCR market more robust. This deal is a precursor to the bigger funding round to follow," Karan Saharan, Co-Founder, DoneThing said.