Billionaire Gautam Adani-led promoter group has increased stake in two of the group’s listed companies. This is the second time in less than a month that the promoters have raised stake in the flagship firm that incubates new businesses. The…
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SECI defended the transfer of a 2,333 MW solar power project from Azure to Adani Group before the CERC. They stated the transfer met Andhra Pradesh’s power needs and maintained the original contract terms, staying within the approved bidding process…
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Laxmi India Finance, a Jaipur-based non-banking financial firm, has filed its DRHP with SEBI for an IPO. The IPO comprises a fresh issue and an OFS. The company primarily focuses on MSME and vehicle loans.
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It further said several states have announced sops pertaining to farm loan waiver, free electricity to agriculture and households, free transport, allowances to unemployed youth and monetary assistance to women in their Budget for 2024-25.
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The Reserve Bank of India commends states for fiscal deficit reduction but urges adherence to the ‘golden rule’ of financing current expenditure with current revenue. The RBI also criticizes excessive subsidies and cash transfers, advocating for rationalization and outcome-based budgeting…
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A significant portion of the latest financing round comprises secondary share sales, conducted at a lower valuation of around $750-800 million. In contrast, the primary funding infusion was executed at a flat valuation of $1.4 billion. While secondaries are typically…
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