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Nidhu Saxena also says he is confident that the company will maintain its CASA deposits, despite the falling interest rate environment
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The capital infusion will strengthen regulatory capital, support expansion across investment banking and private banking businesses, the British bank said
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Many fear BMRCL’s decision to hike fares without increasing trains will discourage people from travelling by Metro
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Karnataka's large and medium industries and infrastructure development minister says Bengaluru's infrastructure is under pressure due to migration but the government is working on projects to address traffic congestion
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'Welcome @ZeptoNow to India's Silicon Valley, where innovation meets affordability,' wrote Priyank Kharge on X platform (formerly Twitter)
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The company had raised its first round of funds in 2022 from Neev II Fund of close to $25 million.
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The Rs 523. 07 crore initial public offering (IPO) of Capital Small Finance Bank (SFB) opened for subscription today, February 7, and will close on February 9. The company has fixed the IPO price band in the range of Rs 445-465.
Currently rooted in the North, the company is eyeing nationwide expansion through an extensive branch network in the coming years But to know more about the SFB’s strategy, financials, we are being joined by Mr. Sarvjit Singh Samra, MD & CEO and Mr. Munish Jain, Executive Director & CFO
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There has been a long pending demand for the introduction of premium trains connecting India's tech hub Bengaluru and financial capital Mumbai.
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As an ecosystem we have been adept at celebrating success stories but we are also learning to respect failure and the effort behind startup journeys which is the real crucible for long term sustainable growth
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The conglomerate has bond repayments of $3.2 billion coming up over the next two years. About $2 billion worth of bonds are slated for redemption in 2024 — half of which are due as early as January — and another $1.2 bn in 2025, according to Bloomberg data.
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Investors have been flocking to small and mid-caps perceiving them as better opportunities but large companies seem better equipped to sustain growth
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The company, which started in 2020, currently has a capacity of 500 MW and aims to increase it to 2 gigawatts in three years.
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Zepto's back-to-back funding rounds come at a time when auditors have said Dunzo, a competitor, may not even be a going concern in the future.
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The capital raising is subject to approval of the shareholders of the company and receipt of applicable regulatory approvals, SpiceJet said in a regulatory filing on July 9.
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Vetri Subramaniam highlights risks associated with platform companies and renewable energy stocks in a Network18 interview.
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Bleak funding prospects, operational inefficiency and the pressure to grow rapidly have slowed DeHaat’s relentless march. Moneycontrol spoke to stakeholders, industry watchers, and experts to get a closer look at the troubles that are dogging the agritech ‘soonicorn’.
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The company, among the youngest NBFCs, began operations only in late 2020 as a housing finance firm, primarily to serve the group's realty arm and then launched an NBFC vertical focused on SMEs and MSMEs.
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The government last year provided Rs 5,000 crore capital to three insurers --National Insurance Company Limited, Oriental Insurance Company Limited and United India Insurance Company.
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The total amount of venture debt disbursed in India in 2022 is up nearly 2.6X from 2019 to around $800 million. In 2021, venture debt disbursals were around $538 million.
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Before the decline, the investment through the route had been on an increasing trend since July because of a slump in prices of oil and other commodities and relative outperformance of Indian equity markets.
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"Next year may not be as volatile as current financial year," said Seshagiri Rao, joint managing director and group chief financial officer (CFO) for JSW Steel, commenting on how domestic steel prices are looking up in India and demand is very robust. Rao also speaks about capital expenditure plans, scouting for coal mines and releasing steel inventory.
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The funds would be used to expand the company's presence and outreach by lending to students and towards the development of the Indian education ecosystem, the lending firm has said
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Last month the company had raised Rs 300 crore from a clutch of investors in debt and equity, led by a Rs 160-crore equity capital by Dutch lender FMO.
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The China Banking and Insurance Regulatory Commission division in Chongqing green-lit the company’s plan to lift its capital to 18.5 billion yuan, according to a notice on Dec. 30.
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BetterPlace's existing investors Jungle Ventures and British International Investment also participated in the funding round
