Business

[ad_1] MUMBAI: There are strong signs that after a lull of a few months, companies will hit the street to raise funds from investors. Markets regulator Sebi on Tuesday said it cleared six IPOs aiming to raise more than Rs 20,000 crore in total, including the Rs 12,500-crore offer by HDB Financial, which will be…

[ad_1] WestBridge Capital on Tuesday sold a 12.4 per cent stake in Aptus Value Housing Finance, amounting to Rs 1,906 crore, via an open market transaction.The private equity firm, one of the promoters of Aptus Value Housing Finance, executed the sale through its investment arm, WestBridge Crossover Fund LLC. According to bulk deal data on…

[ad_1] South Korean auto major Hyundai Motor Company has fully exited Ola Electric Mobility, selling its entire 2.47% stake for Rs 552 crore through an open market transaction on Tuesday.As per bulk deal data on the National Stock Exchange (NSE), Hyundai sold over 10.88 crore shares of Bengaluru-based Ola Electric at an average price of…

[ad_1] BENGALURU: OpenAI has expanded its AI for Impact Accelerator initiative in India, providing a total of $150,000 in technical grants to 11 nonprofit organisations that are building artificial intelligence (AI) tools aimed at addressing challenges in healthcare, education, agriculture, and other underserved sectors. The grants are largely being issued as API credits.The latest phase…

[ad_1] Victoria’s Secret is postponing the release of its quarterly earnings after a security breach disrupted corporate operations and forced the popular lingerie brand to take its US shopping website offline for several days last week.In an update on Tuesday, the Ohio-based retailer said it first detected a “security incident involving its information technology systems”…

[ad_1] Six companies, including HDB Financial Services—a subsidiary of HDFC Bank—and Vikram Solar, have received approval from the Securities and Exchange Board of India (Sebi) to raise funds through initial public offerings (IPOs), according to an update from the markets regulator on Tuesday.The other companies that secured Sebi’s nod are A-One Steels India, Shanti Gold…

[ad_1] In order to expand operations and develop a local ecosystem for future manufacturing and supply chain activities in India, Tesla has taken an important step by leasing a new office space in Kurla West, central Mumbai. This move highlights the company’s growing commitment to the Indian market. This new location is Tesla’s fourth office…

[ad_1] Moody’s Ratings on Tuesday said that India’s strong domestic economic environment will continue to support economic growth, helping banks maintain healthy asset quality and keeping systemwide nonperforming loan (NPL) levels between 2–3 per cent over the next 12 months.In a report focused on the Indian banking sector, Moody’s stated that even amid heightened global…

[ad_1] The rupee depreciated by 21 paise to close at 85.60 (provisional) against the US dollar on Tuesday, as a stronger greenback and persistent foreign fund outflows weighed on market sentiment.Forex traders said the domestic unit came under pressure due to negative trends in local equity markets and geopolitical uncertainties. Investors also remained cautious ahead…

[ad_1] The working paper emphasises that India’s agricultural industry requires protective measures. (AI image) India-US trade deal: Following the US implementation of ‘reciprocal tariffs’, India ought to implement a two-pronged strategy, according to a NITI Aayog working paper. This involves reducing elevated tariffs on non-critical agricultural imports from the US, whilst tactically extending concessions in…