Dalal street slump: Startups rethink IPO plans, eye private funds | India News

MUMBAI: After a resurgent IPO run in 2024, startups are back to the drawing board, reassessing their listing plans amid choppy markets. Companies are considering reducing the issue size and are resetting their valuation expectations. Some are delaying IPOs and opting for private funding instead. Of the estimated 20 new-age companies planning IPOs this year, […]

Economy

Akasa Air Set for Fresh Investments as PE Funds Seek CCI Clearance 

Private equity investors PI Opportunities Fund-I Scheme-II, Claypond Capital Partners, and 360 ONE Private Equity Fund have submitted a combination notice to the Competition Commission of India (CCI) seeking approval for their proposed acquisition of a stake in Akasa Air.  The investment aims to strengthen the airline’s financial position and support its expansion in both […]

Economy

Allocate more funds for R&D in climate-resilient seeds, says Primus Partners India MD

Higher allocations of funds for research and development (R & D) of climate resilient seeds have better impact than providing subsidies or other incentives in agriculture, according to Ramakrishnan M, Managing Director of global management consultant firm Primus Partners India.  “What studies have shown is that spending on R and D has a maximum impact […]

Economy

States complain of not enough funds but fail to spend amounts under Centrally Sponsored Schemes, shows Budget document

Loud protests have resonated against the Centre, especially from the southern States, about being ignored in the Union Budget. But in reality, a first-time Budget document shows that a significant amount of allocations remains unspent. Officers say this could be on account of a number of reasons including slow pace of implementation and carry forward […]

Economy

Art-PV to set up a $10 million solar cell plant in IIT-B with funds from MNRE & others 

IIT-Bombay-incubated ART-PV India, which has patents for high efficiency solar cells, is putting up a fabrication facility for manufacturing commercial tandem solar cells in IIT-Bombay, with an investment of $10 million. The funds for the project are coming from various sources, including the Ministry of New and Renewable Energy, via IIT-Bombay. Art-PV has developed a […]

It’s a first! Gold prices cross Rs 80,000 per 10 grams as investors park funds in yellow metal

Data from the India Bullion and Jewellers Association (IBJA) showed 24-carat gold closed at Rs 80,194 per 10 gms. (AI image) Gold prices surpassed Rs 80,000/10 gm for the first time on Wednesday, according to data from a leading industry organisation, reflecting increased safe-haven demand from investors concerned about potential market volatility following an anticipated […]