The FinTech Hub
Source: Live Mint Call it a modern-day version of a spectacular Renaissance patronage. Since 2019 Microsoft has provided more than $13bn in cash and computing capacity to OpenAI , a once-penniless startup that is now at the forefront of generative artificial intelligence (AI) and, as of its most recent fundraising round, worth $157bn. In exchange,…
Source: Business Standard The raise is subject to the approval of applicable shareholders and regulatory or statutory authorities. | Photo: Shutterstock 2 min read Last Updated : Oct 11 2024 | 2:52 PM IST Oberoi Realty’s board of directors has approved raising up to Rs 6,000 crore in one or more tranches, said the…
Source: Business Standard Each unit will guarantee the obligations of the others, while covenants attached to the bond issue will be set on an aggregate basis, according to a note by Fitch Ratings. Image: Bloomberg 3 min read Last Updated : Oct 08 2024 | 9:13 PM IST Four subsidiaries of India’s Adani Green…
Source: Business Standard Illustration: Binay Sinha 2 min read Last Updated : Oct 03 2024 | 5:29 PM IST Refex Industries (Refex), a leader in diversified sectors such as ash and coal handling and electric vehicle (EV) mobility, is planning to raise Rs 927.81 crore through a preferential issue of equity and convertible warrants to…
Source: Live Mint Shares of Zee Media Corporation were locked in the 10 per cent upper circuit of ₹20.70, also their 52-week high on Friday, September 27 after the company board approved a fund raise of up to ₹200 crore via issue of warrants. As per the exchange filing, the company has proposed the issuance…
Source: Business Standard 3 min read Last Updated : Sep 25 2024 | 8:44 PM IST Facing sluggish deposit growth, banks turned to issuing certificates of deposit (CDs) in September to mobilise funds. Banks have issued Rs 1.35 trillion worth of CDs so far this month, marking a 65 per cent increase compared to…
Source: Live Mint Shares of Servotech Power Systems hit their 5 percent upper circuit of ₹191.99, marking a record high following the company’s announcement of a fundraising initiative via preferential share issuance. The Board of Directors approved the issuance of warrants convertible into equity shares during a meeting held on September 23, 2024. The decision…
Source: Business Standard Playbook will partner with tech-enabled businesses targeting large market opportunities that have demonstrated sustainable growth and digital scalability, it added. 2 min read Last Updated : Sep 10 2024 | 5:38 PM IST Growth capital firm Playbook Partners has raised $130 million from a clutch of investors under its maiden $250-million…
Source: Live Mint Ganesh Chaturthi 2024: As we kick off the festive season of 2024 with Ganesh Chaturthi, reflecting on the Initial Public Offering (IPO) market reveals some astounding numbers. In essence, IPOs have become the talk of the town following the record highs of Nifty 50 and Sensex, capturing attention not only in the…
Source: Business Standard Illustration: Binay Sinha 1 min read Last Updated : Aug 22 2024 | 2:03 AM IST By Baiju Kalesh Indian shadow bank DMI Finance Pvt said it’s raising fresh funding from Japan’s Mitsubishi UFJ Financial Group Inc. at a valuation of about $3 billion as it seeks to ramp up its lending. …
