We see large opportunities in India, will start manufacturing in US this financial year: Hitesh Doshi, Waaree

We see large opportunities in India, will start manufacturing in US this financial year: Hitesh Doshi, Waaree

Hitesh Doshi, Chairman & MD, Waaree Energies, says ALMM is one of the non-tariff barriers which is helping to promote Make in India. Just by bringing ALMM in for a short span, Indian module manufacturing capacity has increased and our exports have also increased. Doshi believes that this will not be restricted only to the … Read more

India’s Adani Green units plan to raise up to $1 billion in dollar bonds, bankers say

India’s Adani Green units plan to raise up to  billion in dollar bonds, bankers say

Four subsidiaries of India’s Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday. The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said, speaking on condition of … Read more

IPO activity to pick up pace in 2nd half of 2023: Report

IPO activity to pick up pace in 2nd half of 2023: Report

The IPO market in India remained stable during the first quarter of 2023 and the primary fundraising activity is expected to further gain momentum in the second half of the year. There have been a total of four IPOs in Q1 2023, one higher than the same period of last year. Divgi TorqTransfer Systems was … Read more

Fractal Analytics readies IPO plans, targets $2.5 billion valuation

Fractal Analytics readies IPO plans, targets .5 billion valuation

Mumbai: Artificial intelligence and analytics solutions provider Fractal Analytics has kick-started the formal process to launch its public issue towards the second half of the year valuing the Bengaluru unicorn at around $2.5 billion (₹18,000 cr), multiple people aware of the development, said. The company plans to offer 15-20% stake through the proposed IPO that … Read more

Fundraising friends raise thousands for hospital

Fundraising friends raise thousands for hospital

Hughie and his friend Freddie raised thousands of pounds for the Royal Manchester Children’s Hospital, where Hughie is a patient with leukaemia. Freddie ran two kilometres every day to raise the money, finishing his challenge on Christmas day. Now, Hughie has sent BBC Breakfast this special report on how the money is going to be … Read more

SBI, PNB, Bank of Baroda, other PSU banks on fund-raising spree; may sell shares this year for capital

SBI, PNB, Bank of Baroda, other PSU banks on fund-raising spree; may sell shares this year for capital

QIP is a way for listed companies to raise capital without having to submit legal paperwork to market regulators. In an effort to raise capital amid the disruptions led by the coronavirus pandemic, five large PSU banks may sell shares to institutional investors later in this fiscal year. SBI, PNB, BoB, and UBI are among … Read more

YES Bank FPO barely crosses the halfway mark on Day 3: Will it sail? – The Economic Times

YES Bank FPO barely crosses the halfway mark on Day 3: Will it sail? – The Economic Times

NEW DELHI: YES Bank‘s Rs 15,000 crore follow-on public offer saw 52 per cent subscription by midday of Day 3, the last day of the bidding process. By 11.45 am, the issue had attracted bids for 4,77,19,82,000 shares, 52 per cent of the issue size of 9,09,97,66,899 shares, data compiled from BSE and NSE showed. … Read more