BUSINESS
Amid demand concerns, Piyush Goyal urges automakers to cut prices for sales boost
Seemingly referring to Hyundai, the minister said the auto industry is sitting on high margins and should look at more competitive pricing
BUSINESS
Zomato targets December launch for $1 billion QIP, ropes in Morgan Stanley
Zomato informed its investors that the fundraise is meant to strengthen its balance sheet at this point and that there is also no plan for any minority investments or acquisitions.
BUSINESS
BlackBuck co-founder Rajesh Yabaji receives shares worth Rs 160 crore as gift ahead of IPO
The total shares gifted to Yabaji represent a 3.6 percent shareholding of the company. The shares were transferred to Yabaji in October.
BUSINESS
Piramal-Bain sponsored fund set to acquire ICICI Ventures-backed specialty chemicals maker for $125 million
Anthea manufactures chemical intermediaries used in flavours and fragrances and has an in-house R&D centre in Navi Mumbai
BUSINESS
CG Power picks 3 banks for Rs 3,000-crore QIP; launch likely by December-end
The energy solutions provider plans to use the QIP proceeds to fund acquisitions and its capex plans, including its semiconductor foray, but is yet to finetune the allocation details
BUSINESS
Wockhardt QIP bids dominated by major mutual funds
Since the start of 2024, Wockhardt’s stock price has almost tripled to Rs 1,233.85 per share as on November 8.
BUSINESS
Not anticipating any immediate impact on our business due to US election result: Biocon CEO
The demand for Biocon's generic and biosimilar drugs remains stable, with no immediate changes expected, according to Siddharth Mittal, CEO & MD, Biocon Ltd.
BUSINESS
Jet Airways' 1.43 lakh retail shareholders staring at wipeout after Supreme Court's liquidation order
Retail shareholders held a 19.29 percent stake in the grounded airline as on September 30. At the current market capitalisation, their holding is worth Rs 74.6 crore
BUSINESS
Debt repayment tops India Inc’s use of QIP proceeds in 2024; capex second priority
2024 has been a record year for QIP fundraising, with 77 companies raising Rs 96,320.83 crore, as per data from primary market tracker Prime Database.
BUSINESS
Singapore government cements its position as largest FPI in India
With investments in 78 different Indian companies, the market value of Singapore government’s holdings is roughly same as the next two FPIs combined
BUSINESS
Punit Goenka to face a test of investor confidence at Zee Entertainment AGM
Analysts note that ZEEL’s institutional shareholders, including domestic mutual funds and foreign portfolio investors (FPIs), will play a critical role in determining Goenka’s continuity.
BUSINESS
CarDekho, co-promoted by Shark Tank India’s Amit Jain, in talks to appoint i-banks for up to Rs 4,000-cr IPO
CarDekho will be the second auto classifieds portal to go public in India after CarTrade.com's parent company, which went public in August 2021.
BUSINESS
Varun Beverages to tap markets for Rs 7,500 cr QIP in November
Varun Beverages is the second largest franchisee of PepsiCo in the world (outside US) with operations spanning across 10 countries with franchise rights and additional 4 countries with distribution rights.
BUSINESS
Quick commerce success will require ongoing experimentation and adaptation: Swiggy’s Majety
The food delivery and quick service company has set a price band of Rs 371-390 for its IPO, which opens on November 6.
BUSINESS
Alpha Wave Global in advanced talks to pick up minority stake in VLCC backed by Carlyle
Carlyle acquired a 66 percent controlling stake in VLCC in January 2023 from its founders Vandana and Mukesh Luthra for around $300 million
BUSINESS
KKR in exclusive talks to acquire cancer hospital chain HCG from CVC Capital
CVC’s 60.36 percent stake in HealthCare Global is worth around Rs 3,613.97 crore, as the stock’s closing price in the previous week
BUSINESS
Adani Green energy may explore private placement route to finance bonds
Adani Green recently put off its $1.2-billion bond offering which aimed to replace loans taken for the solar and wind assets with 20-year bonds
BUSINESS
Bankers seek dilution of new investment banker norms proposed by Sebi
I-Bankers have made a representations to Sebi, asking it to revisit the definition of "relatives" in the August 28 consultation paper, saying it is too wide and will be hard to comply with
BUSINESS
Hyundai IPO, India’s biggest share sale, is also its most expensive
The South Korean car maker spent Rs 624 crore, or $74 million, to execute the Rs 27,855 crore-IPO of Hyundai Motor India
BUSINESS
Closely watching the impact of Chinese export controls: Waaree Energies Chairman
Waaree exports 44 percent of its modules and the US is one of its key markets. The company is planning to set up a 1.6 GW module facility in Houston.
BUSINESS
Torrent Power eyes Rs 3,000-4,000 cr fundraise through QIP
Torrent’s power business spans conventional coal and gas power generation, renewable assets, transmission, as well as green hydrogen projects.
BUSINESS
Strained India-Canada relations unlikely to impact long-term capital flows, say I-bankers
Canadian pension funds such as CPPIB, CDPQ and private investors like Brookfield Asset Management and Fairfax Financial have collectively invested around $21 billion in India over the past five years.
BUSINESS
Shapoorji Pallonji likely to pay bondholders by October-end; Afcons IPO to open next week
The SP Group in September got the bondholders' nod to move the deadline for interest payment of Rs 1,800 crore by three months to December 31
BUSINESS
Multiples PE-backed Veritas Finance plans over Rs 3,000 crore IPO
Veritas Finance’s profit increased to Rs 245 crore in FY24, as against a profit of Rs 176 crore in the previous fiscal.
