Infrastructure investor Macquarie Asset Management is in advanced negotiations to acquire a significant controlling stake in renewable energy platform Fourth Partner Energy for an enterprise value of about $2 billion (₹19,006 crore), said people familiar with the matter. The deal is expected to peg the company’s equity value at around $1 billion, the people said. … Read more
India’s payment industry has long been calling for higher subsidies or a controlled introduction of merchant discount rate (MDR) to recover transaction costs. The decision to allow MDR or higher value business payments will help to turn many business models sustainable and thereby increase competition in an industry that is currently a near duopoly of … Read more
Both NSE and Jio Platforms filed their draft papers in June to raise about ₹30,000-31,500 crore and ₹37,000-37,700 crore, respectively, making them India’s biggest IPOs to date. By comparison, Hyundai India’s IPO in October 2024 raised about ₹27,870 crore, while LIC’s issue in May 2022 was worth ₹20,557 crore. Source link
Zepto on Saturday said that it will raise funds through a pre-IPO financing amid tepid response from investors to its public listing.Zepto did not share the specifics of the transaction but said that the move will strengthen its balance sheet. It is looking to raise around Rs 1,000 crore through the round at a valuation … Read more
If there’s one stock investors have consistently been willing to pay top dollar for over the past several years, it’s Nvidia. But with the stock struggling since mid-May, down 17% amid fears of a decline in hyperscaler spending, Morningstar says it finds itself in an unfamiliar role: an undervalued bargain. In a July 30 report, … Read more
There are several benefits associated with the use of plastic or polymer notes. (Image for representative purpose) In the coming months you may be holding a currency note made of plastic instead of paper! India has taken the first step towards introduction of plastic or polymer notes. The move revives a project that was first … Read more
PhonePe has launched PhonePe PulsePro, an enterprise intelligence platform that uses aggregated transaction data to provide hyperlocal, near real-time market insights, as the digital payments company looks to help businesses make ‘smarter decisions’ based on changing consumer and merchant behaviour. The launch comes as companies increasingly seek market intelligence that is more timely, detailed and … Read more
The move comes at a time when the US-Iran conflict has impacted several industries and thrown fresh light on India’s imports-driven supply chain vulnerabilities. Building a deep manufacturing base spread across multiple sectors is emerging as a cornerstone of India’s strategy to future proof itself against supply chain disruptions caused by geopolitical disruptions. Reports suggest … Read more
India could face 100% if Russia Sanctions Bill becomes a law The US Senate on Tuesday overwhelmingly advanced a bipartisan bill that would give President Donald Trump sweeping powers to impose new sanctions on Russia and penalise major buyers of its energy exports, including India and China.The legislation would allow the president to impose a … Read more