Search result for 'fundraising'

Vodafone Idea's Capital Raise Unlikely to Stop Market Share Erosion: Goldman Sachs

September 6, 2024 17:07

Goldman Sachs predicts Vodafone Idea's recent capital raise won't prevent market share decline, citing continued capex challenges and large AGR payments. The brokerage expects another 300 bps share...

SpiceJet to Raise Rs 3,200 Cr via Debt, Equity

September 6, 2024 15:36

SpiceJet plans to raise over Rs 3,200 crore through debt and equity instruments to unground its fleet, settle liabilities, and induct new aircraft.

Prestige Estates Raises Rs 5,000 Crore via QIP

September 5, 2024 00:01

Prestige Estates Projects Ltd has raised Rs 5,000 crore through a Qualified Institutional Placement (QIP). The company sold 2,98,68,578 equity shares at Rs 1,674 apiece to institutional investors.

Vedanta Credit Rating Upgraded to AA by ICRA

September 4, 2024 20:03

ICRA upgrades Vedanta's long-term credit rating to AA, reflecting the company's strengthened credit profile following successful fund-raising and stake sale.

Darsh Dronobotics & Trouvé: Hydrogen Air Taxi Development

August 31, 2024 16:18

Darsh Dronobotics partners with Trouvé Innovation Hub to develop a hydrogen-powered air taxi, aiming to revolutionize urban transportation and combat climate change.

Prestige Estates to Raise Rs 5,000 Crore via QIP

August 30, 2024 10:01

Prestige Estates Projects plans to raise up to Rs 5,000 crore through a Qualified Institutional Placement (QIP) to fund growth and new projects.

IREDA Approves Rs 4,500 Cr Fundraise for Renewable Energy

August 29, 2024 15:27

IREDA, a state-owned renewable energy finance company, has approved a plan to raise Rs 4,500 crore to support India's ambitious renewable energy targets.

Sebi Urges CAs to Scrutinize SME Audits

August 23, 2024 15:54

Sebi's Ashwani Bhatia calls on chartered accountants to be more diligent in auditing listed SMEs, citing concerns over price manipulation and future growth. He emphasizes the importance of their...

magicpin Co-founder Joins Prime Venture Partners

August 23, 2024 10:58

Brij Bhushan, co-founder of magicpin, joins Prime Venture Partners as a full-time partner. He will contribute to the firm's investment, portfolio management, and fundraising.

IREDA Shares Surge 10% on Rs 4,500 Crore Fundraising Plan

August 22, 2024 12:14

IREDA shares soared over 10% after the company announced plans to raise up to Rs 4,500 crore through share issuance. The funds will support India's ambitious renewable energy targets.

IREDA to Raise Rs 4,500 Crore for Renewable Energy

August 21, 2024 18:27

IREDA plans to raise up to Rs 4,500 crore through share issuance to fund renewable energy projects, aiming to achieve India's ambitious 500GW target by 2030.

Sebi Proposes Rights Issue Reforms: Faster Processing, Reduced Disclosures

August 20, 2024 17:56

Sebi proposes to simplify rights issue process by rationalising disclosures, reducing processing time, and allowing selective investor allotments. The aim is to make rights issues a more attractive...

Hi-Tech Pipes Wins Rs 105 Cr Order, Plans Rs 600 Cr Fundraise

August 20, 2024 13:21

Hi-Tech Pipes secures Rs 105 crore order for steel pipes from renewable energy sector clients. The company also plans to raise Rs 600 crore through equity issuance.

Tata Consumer Products Completes Rs 3,000 Crore Rights Issue

August 19, 2024 19:41

Tata Consumer Products Ltd has closed its Rs 3,000 crore rights issue, raising capital for acquisitions in Capital Foods and Organic India.

Adani Energy Solutions Jumps 3.8% on MSCI Inclusion, Expected USD 250 Million Inflows

August 15, 2024 19:30

Adani Energy Solutions shares surged 3.8% on Wednesday as the market anticipates significant inflows following its inclusion in the MSCI Index. Brokerage houses expect USD 250 million in inflows by...

Vedanta Stake Sale in Hindustan Zinc: Debt Reduction & Capex Boost

August 15, 2024 11:03

Vedanta's planned stake sale in Hindustan Zinc aims to raise funds for debt repayment and capital expenditure, impacting the company's future dividend income and debt burden.

SMEs Raise Rs 11,000 Crore via Capital Markets: Official

August 14, 2024 22:13

Indian SMEs are increasingly turning to capital markets for funding, raising Rs 11,000 crore. The combined market capitalisation of these SMEs now exceeds Rs 1.6 lakh crore.

Six Sense Mobility Secures Rs 6 Crore Funding from Piper Seria

August 14, 2024 21:45

Six Sense Mobility Ventures raises Rs 6 crore from Piper Seria for team expansion, production capacity, and R&D. Learn more about this funding round and other business news.

SpiceJet Q1 Profit Down 27% to Rs 150 Crore | QIP Fundraise

August 14, 2024 17:27

SpiceJet's standalone profit fell 27% to Rs 149.96 crore in Q1 FY24. The airline is raising Rs 3,000 crore through QIP to expand its fleet and operations.

Vodafone Idea: Govt Stake Sale, Tariff Hikes & 4G Coverage

August 13, 2024 19:19

Vodafone Idea CEO comments on the government's potential stake sale, recent tariff hikes, and the company's 4G network expansion and 5G rollout plans.

Zee Entertainment Allotment of $239mn FCCBs

August 13, 2024 11:37

Zee Entertainment's Securities Issue & Allotment Committee approves allotment of $239mn FCCBs to investors, including Resonance Opportunities Fund, St John's Wood Fund Ltd and Ebisu Global...

Vodafone Idea Q1 FY25 Losses Narrow to Rs 6,432.1 Crore

August 12, 2024 20:44

Vodafone Idea's losses narrowed to Rs 6,432.1 crore in Q1 FY25, driven by 4G subscriber growth. The company is expanding its 4G coverage and launching 5G services.

Kinetic Green Raises USD 25 Million for EV Expansion

August 12, 2024 11:50

Electric vehicle maker Kinetic Green secures USD 25 million from Greater Pacific Capital to scale up production, expand marketing, and develop new products. The investment highlights the growing...

Sebi's Focus on Investor Information Quality & Capital Formation

August 9, 2024 18:30

Sebi plans new institutions to improve investor information quality and is focusing on capital formation for real estate and infrastructure. Learn about initiatives for REITs, InvITs, and...

NCLT Orders Hinduja Group to Deposit Rs 2,750 Cr for Reliance Capital

August 8, 2024 17:48

The National Company Law Tribunal directed IndusInd International Holdings (IIHL), part of the Hinduja Group, to deposit Rs 2,750 crore in an escrow account within 48 hours as part of Reliance...

PIGL Approves Rs 71 Crore Fund Raising Plan

August 6, 2024 20:02

Power & Instrumentation (Gujarat) Limited (PIGL) has approved a Rs 71.48 crore fundraising plan through equity shares and warrants. The company will also increase its stake in Peaton...

IFC-ADB Invest $275M in Fourth Partner Energy

August 6, 2024 15:12

IFC, ADB, and DEG invest USD 275 million in Fourth Partner Energy, a renewable energy solutions platform, to expand its portfolio and reach 3.5 GW by 2026.

SBI Net Profit Flat at Rs 17,035 Crore in Q1 FY25

August 3, 2024 14:07

SBI reported a near-flat standalone net profit of Rs 17,035 crore for Q1 FY25, while total income increased to Rs 1,22,688 crore. Gross NPAs declined to 2.21% from 2.76% a year ago.

Swades Foundation Raises Rs 10 Crore via Zero Coupon Bond on NSE SSE

August 2, 2024 14:43

Swades Foundation, founded by Zarina and Ronnie Screwvala, has launched a Rs 10 crore Zero Coupon Zero Principal (ZCZP) bond on the NSE's Social Stock Exchange (SSE) to support its rural...

Black Box to Raise Rs 410 Cr via Preferential Issue

August 2, 2024 14:42

Essar Group's IT firm Black Box will raise Rs 410 crore through preferential issue, with funds to be used for data centers, network infrastructure, and market expansion.

Sebi Simplifies IPO Process: Template & AI for Faster Approvals

August 2, 2024 13:32

Sebi is streamlining IPO approvals with a templatised offer document and AI tool for faster processing. The regulator also plans to simplify fundraising for listed companies.

Gaurav Gaggar Joins T9L QUBE as Co-founder

August 1, 2024 15:49

Venture builder T9L QUBE appoints investment banker Gaurav Gaggar as co-founder, aiming to become the largest venture builder in Asia. Gaggar brings expertise in finance and incubation of...

Adani Energy Solutions Shares Surge 8% After USD 1 Billion Fundraise

August 1, 2024 12:27

Adani Energy Solutions shares soared over 8% following a USD 1 billion fundraise through a share sale, marking the first public equity raised since the Hindenburg report. The QIP issue was...

Hero FinCorp IPO: Rs 3,668 Crore Fundraise

August 1, 2024 11:15

Hero FinCorp, a financial services arm of Hero MotoCorp, files IPO papers with SEBI to raise Rs 3,668 crore, including a fresh issue and an OFS. The IPO proceeds will be used to bolster lending...

Nexus Select Trust Q1 NOI Up 7%, Plans Rs 1,700 Cr Fundraise

July 30, 2024 17:30

Nexus Select Trust reported a 7% rise in Q1 net operating income to Rs 413 crore and plans to raise up to Rs 1,700 crore through commercial papers and debentures. The company also signed two term...

MoD & NSE Partner to Boost Defence MSMEs

July 29, 2024 21:48

Defence Ministry and NSE sign MoU to help MSMEs in defence sector scale up operations, explore new markets and fund R&D through NSE Emerge platform.

NSE Partners with Defence Ministry for MSME Capital Access

July 29, 2024 21:44

The National Stock Exchange (NSE) has partnered with the Defence Ministry to provide capital market access to MSMEs in the defence sector through its NSE Emerge platform.

Rays Power Infra Raises Rs 127 Cr Equity Capital - IPO Plans

July 24, 2024 14:58

Rays Power Infra has raised Rs 127 crore in equity capital, bringing its total funding to nearly Rs 200 crore. The company is gearing up to file its IPO DRHP in the last quarter of the year.

Stallion India IPO: Sebi Approves Fundraise

July 22, 2024 15:31

Stallion India Fluorochemicals, a supplier of refrigerants, has received Sebi's approval to float an IPO. The IPO includes a fresh issue of shares and an offer-for-sale component.

COP29: Azerbaijan Launches Climate Fund, Shelves Fossil Fuel Levy

July 20, 2024 08:26

Azerbaijan, COP29 host, launches a new climate fund to invest in developing countries, shelving a planned fossil fuel levy. The fund aims to raise USD 1 billion annually from fossil fuel producers,...

Zee Entertainment Raises Rs 2,000 Crore: Shareholders Approve Plan

July 15, 2024 22:12

Zee Entertainment shareholders have approved a plan to raise Rs 2,000 crore through equity shares and QIPs. The move follows the termination of the Sony merger deal and is expected to boost...

Kalpataru Projects Raises Fund Limit to Rs 1,600 Crore via NCDs

July 9, 2024 16:01

Kalpataru Projects International Ltd (KPIL) increases its fundraising limit to Rs 1,600 crore through issuance of NCDs, adding to its existing Rs 1,298 crore outstanding.

Punjab & Sind Bank Expands: 100 New Branches, 100 ATMs

July 7, 2024 14:16

Punjab & Sind Bank plans to open 100 branches and add 100 ATMs in FY24, aiming to expand its reach across India. The bank also plans to increase its BC network and improve customer experience.

Paytm Founder: We Should Have Done Better After RBI Action

July 6, 2024 20:37

Paytm founder Vijay Shekhar Sharma acknowledges shortcomings in response to RBI action on Paytm Payments Bank, highlighting the need for better responsibility fulfillment. He discusses the impact...

Torrent Power Seeks Rs 5,000 Cr Fundraise via Equity

July 5, 2024 17:47

Torrent Power seeks shareholder approval to raise up to Rs 5,000 crore through equity shares for expansion and working capital needs. The company also plans to elevate Jinal Mehta as Vice Chairman...

Trump Outraises Biden by USD 67 Million in Q2

July 3, 2024 10:30

Trump's campaign raised USD 331 million in Q2, surpassing Biden's USD 264 million, but Biden raised a record USD 127 million in June. Learn more about the fundraising numbers and what they mean...

Prime Focus Subsidiary DNEG to Raise USD 200 Million

July 2, 2024 20:38

DNEG Group, a subsidiary of Prime Focus, is set to raise up to USD 200 million from Abu Dhabi-based United Al Saqer Group. The funding will accelerate DNEG's innovation and diversification strategy.

Piramal Realty Appoints Abhijeet Maheshwari as CEO

July 2, 2024 14:46

Piramal Realty has appointed Abhijeet Maheshwari as its new CEO. Maheshwari brings over 18 years of experience in real estate, previously serving as Business Head at Tata Realty Infrastructure Ltd.

Shivalik Engineering IPO: Rs 335 Crore Fundraising

July 1, 2024 17:54

Shivalik Engineering Industries files draft papers with SEBI for an IPO, aiming to raise Rs 335 crore. The funds will be used for solar plant, foundry expansion, and general corporate purposes.

Enviro Infra Engineers IPO: Rs 281 Crore Fundraise for Sewage Treatment

July 1, 2024 15:17

Enviro Infra Engineers, a sewage treatment specialist, files draft papers with SEBI for an IPO to raise Rs 281 crore. The funds will be used for working capital, debt repayment, and expansion.

Singapore Tightens Casino Rules to Combat Terrorism Financing

July 1, 2024 13:09

Singapore's gambling regulator has announced stricter due diligence checks for casinos receiving cash deposits to counter terrorism financing, aligning with FATF standards.

Punjab & Sind Bank to Raise Rs 2,000 Cr via QIP

June 30, 2024 14:37

Punjab & Sind Bank plans to raise Rs 2,000 crore via QIP in H2 FY25 to fund business growth and improve capital adequacy ratio.

Sebi Pushes for Tax Benefits on Social Sector Bonds

June 14, 2024 15:18

Sebi proposes tax benefits for companies investing in zero coupon zero principal bonds issued by non-profit organizations listed on the Social Stock Exchange.

Renee Cosmetics Raises Rs 100 Crore, Valuation Hits Rs 1,400 Crore

June 13, 2024 18:17

Renee Cosmetics, a beauty brand, raised Rs 100 crore in funding, led by Evolvence India and Edelweiss Group, pushing its valuation to Rs 1,400 crore. The company aims to expand its product...

Brookfield, ALTERRA Launch Fund for Net-Zero Transition in Emerging Markets

June 13, 2024 14:50

Brookfield and ALTERRA have launched a fund to support companies' transition to net-zero in emerging markets, with a focus on India and Southeast Asia. The fund aims to catalyze up to USD 5 billion...

Zee Entertainment Plans to Raise Funds via Share Issue, QIPs

June 3, 2024 19:14

Zee Entertainment is planning to raise funds through equity share issuance and QIPs. This comes after the termination of a merger deal with Sony Corporation. The board will meet on June 6 to...

Adani Enterprises to Raise USD 3.5 bn via QIP

May 28, 2024 15:28

Adani Enterprises, the flagship firm of Gautam Adani's conglomerate, has approved a fundraise of Rs 16,600 crore (USD 2 billion) through a qualified institutional placement (QIP). The fundraising...

NSE Market Cap Surpasses USD 5 Trillion - New Highs for Nifty Indices

May 23, 2024 19:33

The market capitalisation of listed companies on the NSE has surpassed USD 5 trillion, driven by strong growth across sectors. Nifty 50 and Nifty 500 indices hit all-time highs, reflecting a...

Vedanta Seeks Rs 8,500 Crore Fundraise: Shareholder Approval Needed

May 22, 2024 19:06

Vedanta Ltd, led by Anil Agarwal, seeks shareholder approval to raise up to Rs 8,500 crore through securities issuance. The e-voting for the postal ballot will begin on May 22.

Trump Campaign Accepts Crypto Donations: 'Crypto Army' Ahead of Election

May 22, 2024 03:35

Trump's campaign is accepting cryptocurrency donations, aiming to build a 'crypto army' ahead of the election. The move follows a trend of candidates accepting crypto contributions, despite legal...

Sebi Changes Market Cap Calculation for Listed Firms

May 21, 2024 14:56

Sebi introduces a new method to determine market capitalisation of listed companies, using a six-month average instead of a single day. The change aims to promote ease of doing business and reflect...

Oberoi Realty Q4 Profit Soars 64% to Rs 788 Cr, Plans Rs 4,000 Cr Fundraise

May 15, 2024 18:23

Oberoi Realty's Q4 profit surged 64% to Rs 788 crore. The company plans to raise up to Rs 4,000 crore through equity shares and non-convertible debentures. Read more.

100Unicorns Launches USD 200 Million Fund for Indian Startups

May 14, 2024 19:48

100Unicorns, formerly 9Unicorns, has launched a USD 200 million fund to invest in 200 Indian startups over 5.5 years. The accelerator fund aims to create 100 unicorns.

IIHL Awaits Irdai Nod for Rs 9,650 Cr Reliance Capital Acquisition

May 5, 2024 19:01

IIHL, led by Ashok Hinduja, is awaiting Irdai approval for its Rs 9,650 crore Reliance Capital acquisition. The deal faces scrutiny due to potential FDI violations and reliance on borrowings. IIHL...

Mufin Green Approves Rs 25 Crore Fundraising Plan

April 27, 2024 18:28

Mufin Green, a clean energy finance NBFC, has approved a plan to raise Rs 24.84 crore through non-convertible debentures. The funds will be used for working capital and portfolio expansion.

ATC Telecom Sells Vodafone Idea Stake for Rs 1,840 cr

April 26, 2024 21:47

ATC Telecom Infrastructure sold its entire 2.87% stake in Vodafone Idea for Rs 1,840 crore through an open market transaction. The deal comes as Vodafone Idea raises Rs 18,000 crore through an FPO...

Shriram Finance Q4 Profit Surges 57% to Rs 2,021 Cr, AUM Growth Target 15% in FY25

April 26, 2024 21:07

Shriram Finance reports a strong Q4 FY24 with a 57% jump in net profit to Rs 2,021 crore, driven by lower loan provisions and core income growth. The company aims for a 15% AUM growth in FY25.

Capria Closes Rs 153 Crore Fund After Awign Exit

April 26, 2024 13:30

Capria Ventures has closed its Rs 153 crore India Opportunity Fund after receiving multi-fold return from exiting HR tech firm Awign, which was acquired by Mynavi Corporation.

Vi Fundraise: Rs 18,000 cr Fresh Lease of Life - Kumar Mangalam Birla

April 25, 2024 17:52

Vodafone Idea raises Rs 18,000 crore through FPO, securing a 'fresh lease of life.' Chairman Kumar Mangalam Birla outlines plans for a smart comeback, emphasizing network expansion and selective 5G...

Vodafone Idea Gets Rs 18,000 cr Fundraise: Birla

April 25, 2024 10:56

Aditya Birla Group Chairman Kumar Mangalam Birla says the Rs 18,000 crore fundraise by Vodafone Idea is a 'fresh lease of life' for the company, which will focus on network expansion and 5G services.

FarEye Launches Initiative to Support Logistics Startups

April 20, 2024 12:20

FarEye's Innovation Nexus aims to help logistics startups secure funding and mentorship from industry experts, fostering growth in the sector. The initiative was launched at The Last Mile Leaders...

ABFRL Demerges Madura Fashion, Plans Rs 2,500 Cr Fundraise

April 19, 2024 18:26

Aditya Birla Fashion and Retail Ltd (ABFRL) has approved the demerger of its Madura Fashion & Lifestyle business and plans to raise Rs 2,500 crore to fund growth.

Manappuram Finance to Raise USD 500 Million via ECB

April 19, 2024 15:06

Manappuram Finance plans to raise up to USD 500 million through external commercial borrowings (ECBs) to support business growth.

Vodafone Idea FPO Aims to Arrest Subscriber Loss

April 17, 2024 19:47

Vodafone Idea CEO confident FPO will help arrest subscriber loss and fund network expansion, aiming to compete with rivals in 5G market.

Deepak Builders IPO: Rs 120 Crore Fundraise via Sebi Filing

April 15, 2024 16:07

Deepak Builders & Engineers India Ltd files draft papers with Sebi for an IPO, aiming to raise Rs 120 crore. The IPO includes fresh equity shares and an OFS by promoters.

RoC Fines 2 Companies, 9 Individuals for Illegal Fundraising

April 7, 2024 16:59

The corporate affairs ministry has imposed fines totaling nearly Rs 10 crore on two companies and nine individuals for violating private placement norms. Read more.

Macrotech Developers Cuts Debt by 55% in Q4

April 7, 2024 11:59

Macrotech Developers, the real estate firm behind Lodha, reduced its net debt to Rs 3,010 crore in Q4 FY24, thanks to strong cash flow and equity fundraising. Read more.

InvITs & REITs Fundraising Surges 14-fold to ₹17,116 cr in FY24

April 7, 2024 11:46

Investor interest in InvITs and REITs soars, driven by promising returns. Fundraising through these routes hit ₹17,116 crore in FY24, a 14-fold increase year-on-year. Learn more.

Embassy REIT Acquires Chennai Business Park, Plans Rs 2,500 Cr Fundraise

April 6, 2024 19:04

Embassy REIT expands into Chennai, acquiring a business park for Rs 1,269 crore. The company plans to raise Rs 2,500 crore to finance the acquisition and reduce leverage.

SingleInterface Raises $30 Million in Funding Led by Asia Partners

April 4, 2024 15:09

SaaS firm SingleInterface secures $30 million in funding led by Asia Partners, marking its first external fundraising round. The funding will be used to expand its global reach and product portfolio.

Routes 2 Roots Listed on NSE's Social Stock Exchange

April 3, 2024 22:04

Routes 2 Roots, an art and culture NGO, has been listed on the NSE's Social Stock Exchange, raising Rs 1 crore to implement a digital teaching program in 100 schools.

Vodafone Idea Seeks Shareholder Approval for Rs 20,000 Cr Fundraise

April 2, 2024 19:18

Vodafone Idea held an EGM to seek shareholder approval for raising up to Rs 20,000 crore by issuing securities to fund 5G rollout and strengthen 4G services.

Matrix Gas Raises Rs 350 Cr in Pre-IPO Round

March 5, 2024 16:19

Matrix Gas & Renewables secures Rs 350 crore in pre-IPO funding to accelerate gas business expansion, acquisitions, and capital expenditure plans. The round saw participation from key investors...

SFB Securitisation to Hit Rs 10,000 Cr in FY24: ICRA

March 5, 2024 15:43

ICRA expects securitisation by small finance banks (SFBs) to surpass Rs 10,000 crore in FY2024, driven by strong credit demand and diversification of funding sources.

Borosil Renewables to Raise Rs 500 Cr via Equity Shares

March 1, 2024 18:29

Borosil Renewables Ltd. approves a plan to raise up to Rs 500 crore through the issuance of equity shares. The proposal is subject to regulatory approvals.

IndiaTech, T9L Launch Startup Incubation Program QUBE

February 29, 2024 16:05

IndiaTech and T9L have partnered to launch QUBE, an early-stage incubation program for startups, aiming to support 25 companies in its first cohort. The program leverages T9L's successful startup...

Vodafone Idea Fundraise: Experts on Completion Key

February 28, 2024 21:52

Vodafone Idea's announced Rs 45,000 crore fundraise is seen as positive, but experts question its completion, with past attempts failing. The company plans to use the funds for 5G rollout and 4G...

Vodafone Idea Shares Crash 14%, Mcap Drops Rs 10,806 Cr

February 28, 2024 17:25

Vodafone Idea shares plunged 14% after fundraising announcement failed to impress investors, eroding the company's market capitalization by Rs 10,806.71 crore. The debt-laden telecom firm is...

Sensex, Nifty Tumble Over 1% on Reliance, Bank Stock Sell-Off

February 28, 2024 16:52

Indian stock indices Sensex and Nifty slumped over 1% on Wednesday due to selling pressure in Reliance Industries and bank stocks, mirroring weak global market trends. Reliance Industries dropped...

Vodafone Idea Shares Crash 10%: Lower Circuit Hit - Telecom News

February 28, 2024 11:24

Vodafone Idea shares plummeted 10% after fundraising announcement failed to boost investor sentiment, hitting the lower circuit limit. The company seeks to raise Rs 20,000 crore in equity.

Vodafone Idea Approves Rs 20,000 Cr Fundraise for 5G Rollout

February 27, 2024 21:07

Vodafone Idea's board approves up to Rs 20,000 crore equity fundraise to finance 5G rollout and strengthen 4G services. The company aims to raise Rs 45,000 crore through a mix of equity and debt.

Vodafone Idea: Birla Confirms Commitment, Investor Search Continues

February 22, 2024 20:56

Kumar Mangalam Birla reiterates Aditya Birla Group's commitment to Vodafone Idea, revealing ongoing efforts to secure external investors. The telco's board will meet on February 27 to discuss...

Vodafone Idea to Consider Fundraising on Feb 27

February 22, 2024 16:41

Vodafone Idea's board will meet on February 27 to consider fundraising proposals, including equity and debt instruments, to support network expansion and 5G rollout.

Nikki Haley Outraises Trump in January Fundraising

February 22, 2024 08:01

Republican presidential candidate Nikki Haley outpaced Donald Trump in fundraising during January, exceeding his total by over $2 million. Haley's campaign is building momentum despite trailing in...

FM Urges Regulators to Curb Unauthorised Lending Apps

February 21, 2024 17:40

India's Finance Minister has called on financial regulators to take further action to combat the spread of unauthorized lending through online apps, citing concerns about financial stability.

Motilal Oswal Raises Rs 1,250cr for Real Estate Fund

February 21, 2024 17:36

Motilal Oswal Alternates has secured Rs 1,250 crore in the first close of its sixth real estate fund, targeting mid-income/affordable residential projects across eight Indian cities.

Dvara KGFS Raises USD 27 Million for Growth

February 21, 2024 16:40

Dvara KGFS, a non-banking finance company, secures USD 27 million in debt financing from FMO and Enabling Qapital to fuel its growth plans in India.

NSE & Goa Govt Partner to Help MSMEs Raise Funds | NSE Emerge

February 20, 2024 18:38

NSE and Goa government collaborate to empower MSMEs in the state, providing them with access to capital through IPOs on the NSE Emerge platform.

Vidyut Raises USD 10 Million for EV Expansion

February 20, 2024 17:43

EV startup Vidyut secures USD 10 million in Series A funding led by 3one4 Capital to expand its services and EV ecosystem in India.

Bank of India MF Aims to Raise Rs 500 Cr from Multi-Asset Fund

February 8, 2024 14:57

Bank of India Mutual Fund aims to raise Rs 500 crore through its new multi-asset allocation fund. The fund offers exposure to equity, debt, and gold, targeting low volatility and better returns.

Cactus Venture Partners Raises Rs 630 cr Fund for Startups

February 7, 2024 16:41

Cactus Venture Partners raises Rs 630 crore for its maiden fund to invest in early growth stage startups in climate technology, health technology and B2B SaaS.

SBI Mutual Fund Aims Rs 4,000 Cr from Energy NFO

February 5, 2024 21:28

SBI Mutual Fund is launching a new energy-focused fund, aiming to raise Rs 3,500-4,000 crore. The fund will invest in both traditional and new energy companies, offering investors exposure to the...

M2P Fintech Revolutionizes Financial Transactions: Prabhu Rangarajan

February 5, 2024 14:12

M2P Fintech Co-Founder Prabhu Rangarajan discusses the fintech industry's mega trends, including digital rupee, robo advisors, and personalized banking. Learn about their expansion plans,...

Reliance Wins IFR Asia 'Issuer of the Year' for Record Fourth Time

February 3, 2024 18:22

Reliance Industries wins IFR Asia's 'Issuer of the Year' award for 2023, marking their fourth win. The company achieved optimal pricing for super-sized funding deals in challenging market conditions.

Bharti Airtel Allots 38.6 Lakh Shares to FCCB Holders

February 2, 2024 17:19

Bharti Airtel has allotted 38.6 lakh equity shares to FCCB holders at a conversion price of Rs 518 per share, following the conversion of FCCBs worth USD 27,795,000. This increases the company's...

Vikas Lifecare to Incorporate UAE Subsidiary for Investments

January 31, 2024 22:12

Recycling firm Vikas Lifecare has approved the incorporation of a subsidiary in the UAE to undertake commercial investments. The move is subject to shareholder approval.

CIEL Group Targets Rs 1,200 Crore Revenue, Eyes IPO by 2024

January 30, 2024 17:03

CIEL Group, a human resources solutions provider, aims for Rs 1,200 crore revenue this fiscal year and plans to go public by October-December 2024. The company has witnessed significant growth and...

VIL Q3 Net Loss Narrows, ARPU Up | Telecom News

January 29, 2024 21:46

Vodafone Idea (VIL) reports a narrowed net loss in Q3 FY24, driven by an exceptional gain. ARPU sees a 7.4% YoY rise. Read more about VIL's financial performance.

Salasar Techno Engineering Approves Rs 806 Cr Fund Raising Plan

January 25, 2024 16:51

Salasar Techno Engineering (STEL) board approves Rs 806.4 crore fundraising through equity shares and warrants. The proposal is subject to shareholder approval at the EGM on February 19.

NSE World's Largest Derivatives Exchange for 5th Year

January 18, 2024 17:51

NSE remains the world's largest derivatives exchange for the fifth consecutive year. The exchange also ranked third globally in equity trading in 2023.

EESL Inks 5 Pacts to Boost Energy Efficiency, Renewables

January 18, 2024 17:31

Energy Efficiency Services Ltd (EESL) signs 5 MoUs to enhance energy efficiency and renewables, aligning with G20 and COP28 commitments. These initiatives are poised to double energy efficiency and...

Goodluck India Raises Rs 200 Crore via QIP | Steel Maker News

January 18, 2024 13:29

Steel maker Goodluck India has raised Rs 200 crore through a Qualified Institutional Placement (QIP) to fuel growth. The company also launched a subsidiary for defense and aerospace.

TCPL Funds Acquisitions with Cash Reserve, Bridge Financing

January 14, 2024 15:01

Tata Consumer Products (TCPL) will fund its acquisitions of Capital Foods and Organic India through internal cash reserve and bridge financing, aiming to strengthen its portfolio in the food &...

REITs, InvITs Surge: ₹11,474 Crore Raised in 2023

January 14, 2024 11:30

REITs and InvITs witnessed robust growth in 2023, with fund mobilization reaching ₹11,474 crore, driven by Sebi regulations and attractive returns. Learn more about this investment trend.

IPO Deals to Hit USD 50 Billion in 2024: Kotak

January 9, 2024 20:31

Kotak Investment Banking predicts a surge in IPO activity and deal-making in 2024, with an estimated USD 50 billion in funds raised across equity issuances and deals.

Jio Adds 31.6 Lakh Mobile Users, VIL Loses 20.4 Lakh in October: TRAI

January 4, 2024 18:03

Reliance Jio continued its subscriber growth adding 31.59 lakh users in October, while Vodafone Idea lost 20.44 lakh, according to TRAI data. Bharti Airtel added 3.52 lakh users.

Jio Adds 31.6 Lakh Subscribers, VIL Loses 20.4 Lakh in October | TRAI Data

January 4, 2024 12:00

Reliance Jio gained 31.59 lakh mobile subscribers in October, while Vodafone Idea lost 20.44 lakh, according to TRAI data. Bharti Airtel added 3.52 lakh subscribers.

Vedanta Restructures Bonds: Bondholders Approve Plan

January 3, 2024 19:09

Vedanta Resources secures bondholder approval to restructure four series of bonds, easing its debt burden. The consent received is significantly higher than the required threshold.

Easy Trip Planners to Raise Rs 1,000 Crore - EaseMyTrip

January 2, 2024 14:07

Easy Trip Planners (EaseMyTrip) gets board approval to raise up to Rs 1,000 crore through a preferential issue. The fundraising plan includes a mix of equity shares and warrants.

PNB to Raise Rs 7,500 Crore via QIP or FPO - Business News

December 28, 2023 23:32

Punjab National Bank (PNB) has received board approval to raise Rs 7,500 crore through QIP or FPO in the next financial year. The fundraising will be done in one or more tranches.

Sebi Issues Procedure for NPO 'Zero Coupon' Instruments on SSE

December 28, 2023 18:14

Sebi outlines procedures for public issuance of 'zero coupon zero principle' instruments by NPOs, including listing on the Social Stock Exchange (SSE).

QIP Fundraising Soars: Companies Raise Rs 50,200 Cr in 2023

December 28, 2023 16:49

Indian companies raised a record Rs 50,218 crore through Qualified Institutional Placements (QIPs) in 2023, a six-fold increase from the previous year. Learn more about the QIP boom and top...

RBI Urges NBFCs to Diversify Funding, Reduce Bank Reliance

December 27, 2023 19:42

The Reserve Bank of India has advised non-bank finance companies (NBFCs) to broaden their fundraising sources and minimize dependence on banks, emphasizing the need for robust corporate governance...

RBI Urges NBFCs to Diversify Funding, Reduce Bank Reliance

December 27, 2023 16:59

Reserve Bank of India advises NBFCs to broaden fundraising sources and limit dependence on banks, emphasizing the need for robust balance sheets and fraud prevention.

IIT Bombay Receives Record Rs 57 Cr Donation from Class of 1998

December 24, 2023 13:19

IIT Bombay's Class of 1998 has donated a record Rs 57 crore to their alma mater, exceeding the previous record of Rs 41 crore set by the Class of 1971. The donation will support key academic...

India IPO Market 2023: Rs 52,000 Crore Raised Despite Global Headwinds

December 24, 2023 11:11

India's IPO market thrived in 2023, raising over Rs 52,000 crore despite global headwinds. Experts anticipate a strong bullish outlook for 2024.

HOP Electric Aims for 3x Sales Growth in 2024, Mass Market E-Bike Launch

December 24, 2023 10:50

HOP Electric targets a three-fold rise in sales in 2024 and plans to launch a mass market electric bike, aiming to capture a significant share of the Indian two-wheeler market.

Vedanta Declares Rs 4,089 Cr Interim Dividend for FY24

December 18, 2023 17:15

Vedanta's board approves a second interim dividend of Rs 11 per share for FY24, totaling Rs 4,089 crore. The record date for the dividend payment is December 27.

Vedanta Directors to Meet on NCD Issuance

December 14, 2023 22:31

Vedanta Ltd. will hold a board meeting to discuss the issuance of Non-Convertible Debentures (NCDs) on a private placement basis as part of its refinancing strategy. The move follows a $1.25...

Vedanta Secures $1.25 Billion Loan, S&P Downgrades Rating

December 14, 2023 14:55

Vedanta Resources secures $1.25 billion loan for debt refinancing, but S&P Global downgrades its ratings due to potential bond extensions and risks of payment default.

Indian Americans Key to US Election: Community Leader

December 14, 2023 10:43

Indian Americans are poised to play a significant role in the 2024 US presidential election, with their votes potentially deciding the outcome in key battleground states, according to a prominent...

Skilling NGO Unnati First on Social Stock Exchange

December 13, 2023 19:50

SGBS Unnati Foundation becomes the first entity to list on the Social Stock Exchange (SSE), offering transparent and credible investment in social ventures. Learn about the SSE's potential to drive...

SpiceJet to Raise Rs 2,250 Cr Amid Financial Woes

December 12, 2023 21:22

SpiceJet will raise over Rs 2,250 crore through share issuance to navigate financial headwinds. The airline also reported a reduced net loss in the September quarter.

SpiceJet to Raise Rs 2,250 Cr Amid Financial Woes

December 12, 2023 16:35

SpiceJet to raise over Rs 2,250 crore through equity issuance to investors, including financial institutions and FIIs, as the airline navigates financial headwinds. The airline's September quarter...

Top Business News: Onion Prices, SpiceJet, Rupee, Sensex & More

December 11, 2023 21:30

Get the latest business news updates, including onion prices, SpiceJet's funding plans, rupee's gain against the US dollar, Sensex hitting a new milestone, and more.

SpiceJet Board to Discuss Funding Plans on Tuesday

December 11, 2023 21:06

SpiceJet's board will continue discussions on fundraising plans on Tuesday after partially completing agenda items on Monday. The airline has been facing financial woes and aircraft lessor issues.

Sebi Plans 'Fast Track' for Debt Securities Issuance

December 10, 2023 12:05

SEBI proposes a 'fast track' process for public debt security issuance, reducing time and cost for frequent issuers. It also aims to lower the face value of debt securities and simplify the...

ICSI Unveils International Sustainability Standards

December 6, 2023 17:02

The Institute of Company Secretaries of India (ICSI) is developing international standards on sustainability, aiming to address the growing global emphasis on ESG reporting. Learn more.

Jupiter Wagons Raises Rs 403 Crore via QIP for Growth

December 5, 2023 11:33

Jupiter Wagons has raised Rs 403 crore through Qualified Institutional Placement (QIP) to fund its growth plans, including setting up a new foundry in Jabalpur.

Inox Wind Infuses Rs 800 Cr in Subsidiary to Reduce Debt

December 4, 2023 12:53

Inox Wind Energy Ltd. (IWEL) has infused Rs 800 crore into Inox Wind Ltd. (IWL) to clear a portion of its outstanding debt. The funds were raised through equity share sale.

NSE Market Cap Surpasses USD 4 Trillion: India's Growth Story

December 3, 2023 16:26

NSE listed companies' market capitalisation hits USD 4 trillion for the first time, driven by strong economic sentiment and a robust financial sector.

Nephrocare India to Expand Kidney Care Network by 2026

December 2, 2023 13:51

Nephrocare India plans to establish 22 kidney care centers across India by March 2026, aiming to reach 1 million CKD patients in the next decade. The company is exploring fundraising options,...

India Economy to Grow 6.5% in FY24: CEA

November 30, 2023 22:33

India's economic growth momentum is expected to continue in the October-December quarter, with the CEA confident of a 6.5% growth rate for FY24, driven by investment and consumer spending.

India's Economic Growth to Continue in Q3 FY24, CEA Confident on 6.5% FY24 Forecast

November 30, 2023 22:21

India's economic growth momentum to continue in Q3 FY24, CEA confident on 6.5% FY24 forecast, driven by strong investment and consumer spending.

Man Infraconstruction Approves Rs 550 Crore Fundraise

November 29, 2023 16:28

Man Infraconstruction board approves up to Rs 550.23 crore fundraise via warrant issue on preferential basis, subject to shareholder approval.

PCBL Acquires Aquapharm Chemicals for Rs 3,800 cr

November 28, 2023 22:18

PCBL Ltd announces the acquisition of Aquapharm Chemicals for Rs 3,800 crore, expanding its reach into water treatment and oil & gas chemicals.

PCBL Acquires Aquapharm Chemicals for Rs 3,800 Cr

November 28, 2023 19:39

PCBL Ltd announced plans to acquire 100% of Aquapharm Chemicals Pvt Ltd for Rs 3,800 crore, marking its foray into global speciality segments of water treatment and oil & gas chemicals.

MapmyIndia Approves Rs 500 Crore Fundraise

November 27, 2023 17:13

MapmyIndia's board has approved a plan to raise Rs 500 crore through a Qualified Institutional Placement (QIP). The move will require shareholder and regulatory approval.

Sebi Amends REIT, AIF Norms: Index Provider Framework

November 25, 2023 21:20

Sebi introduces new regulations for REITs, AIFs, and index providers, including a framework for SM REITs and demat holding of AIF investments.

Sebi to Regulate Index Providers: New Framework for SM REITs & AIFs

November 25, 2023 18:59

SEBI introduces a regulatory framework for index providers, strengthens investor protection for AIFs, and facilitates SM REITs. Learn more about the latest developments in India's financial markets.

BLive Aims to Raise USD 5 Million for EV Expansion

November 24, 2023 23:31

BLive, India's multi-brand EV platform, seeks USD 5 million to invest in technology and scale its business, aiming for 100x growth and profitability in 12 months.

Cashkaro Aims for Profitability in 2 Years, 100 Million Users

November 24, 2023 22:18

Cashkaro, backed by Ratan Tata, expects to become profitable within two years and reach 100 million users in the next three years. The company, known for cashback offers, is currently investing...

GoMechanic Raises Rs 50 Crore from New Investor

November 8, 2023 21:25

GoMechanic, acquired by Servizzy, raises USD 6 million from an undisclosed marquee investor and existing shareholders. The company aims to serve 1 in 10 after-market cars in the next 3 years.

Euler Motors Raises Rs 120 Crore in Funding Round

November 6, 2023 15:16

Euler Motors, a commercial electric vehicle maker, raises Rs 120 crore in funding to expand pan-India operations and strengthen its service and charging network.

REITs & InvITs: Rs 18,658 Cr Mobilized in Apr-Sep | Strong Infra Demand

November 5, 2023 11:02

REITs and InvITs witnessed strong fund mobilization of Rs 18,658 crore in Apr-Sep, driven by robust infrastructure demand, attractive returns & favorable policies. Read more.

Orient Green Power Q2 Profit Doubles to Rs 75 cr

November 1, 2023 16:34

Orient Green Power's net profit soared to Rs 75 crore in Q2 FY24, driven by higher income. The company also announced plans to expand into solar and hybrid energy.

Company Name
Price
Volume

Vodafone Idea L
13.22 ( -1.05)
54868204

Rama Steel Tubes
14.94 ( -10.00)
36344157

Rajnish Wellness
3.56 ( -2.73)
27008719

Toyam Sports
3.86 (+ 0.26)
21466923

Srestha Finvest
1.82 ( -4.71)
19526954

EVs Can Maintain Cost Without Subsidies: Gadkari

Nitin Gadkari says EVs can be cost-competitive without subsidies due to falling battery...

Ather Energy Files IPO for ₹3,100 Crore

Electric two-wheeler maker Ather Energy has filed IPO papers with Sebi seeking to raise...

FPIs Challenge Sebi Norms: Deadline for...

Two Mauritius-based FPIs have sought legal relief from complying with Sebi's new norms...

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