NEW DELHI: NTPC will focus on gigawatt (GW)-scale solar power projects and limit wind and battery storage projects to 10% of its renewable portfolio as the country’s largest coal-fired power producer chases a green dream of adding 60 GW green capacity by 2035.“NTPC is in generation, not distribution business. In large solar projects (usually in…
The initial public offering of Hyundai Motor India Ltd, the Indian subsidiary of South Korean automaker Hyundai, saw an 18 percent subscription on its first day of bidding on Tuesday. According to the data released by the National Stock Exchange, the Rs 27,870 crore initial share sale received bids for 1,77,89,457 shares against 9,97,69,810 shares…
NEW DELHI: Food and grocery platform Swiggy launched its 10 minutes meals and beverage delivery service Bolt on Friday, currently available key locations in Hyderabad, Mumbai, Delhi, Pune, Chennai, and Bangalore.The IPO-bound company also plans to expand this service to more locations in the coming weeks. Swiggy will quick deliver popular dishes which require minimal…
NEW DELHI: The Indian market is set to witness several companies go public in the next two months, including Hyundai Motor India, Swiggy, and NTPC Green Energy. Merchant bankers estimates that they collectively aims to raise approximately Rs 60,000 crore via their IPOsAfcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda…
Representative AI image (Pic credit: Lexica) Indian equities witnessed a substantial inflow of Rs 57,359 crore from foreign investors in September, marking the highest influx in nine months. This surge was primarily attributed to the rate cut by the US Federal Reserve. As a result of this infusion, foreign portfolio investors’ (FPIs) investment in equities…
MUMBAI: Oyo is acquiring US-based G6 Hospitality, the economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate in a $525 million all-cash deal, the startup said on Saturday.Oyo has been expanding its footprint in the US since its launch in the region in 2019 and…
NEW DELHI: NTPC shares settled at an all time high at Rs 424 on BSE, surging over 2 per cent on Thursday, after its renewable energy arm, NTPC Green Energy, filed preliminary papers with Sebi to raise Rs 10,000 crore through an Initial Public Offering (IPO). The stock climbed 4.34 per cent to Rs 431.85…
NEW DELHI: Bajaj Housing Finance shares debuted at over double the offer price in pre-open trade on Monday as investors bet on strong growth in a booming home loan market.The housing finance company commenced trading on the stock exchanges with an impressive 114% premium. The company’s shares opened at Rs 150 on both the Bombay…
NEW DELHI: Electric 2-wheeler manufacturer Ather Energy on Monday, submitted its Draft Red Herring Prospectus (DRHP) to Sebi, to raise funds through an Initial Public Offering (IPO). The proposed IPO consists of a fresh issue of equity shares amounting to Rs 3,100 crore and an Offer For Sale (OFS) of 2.2 crore equity shares by…
MUMBAI: Electric scooter startup Ola Electric‘s Rs 6,146-crore IPO – biggest this year – is set to to open on Aug 2. This will be the first IPO by an auto company since Maruti Suzuki (then Maruti Udyog) went public in mid-2003.The bidding for the IPO will start on Aug 2 and end on Aug…
