What's New
- Greenko founders raise $800 mn loan to buy out Orix stake
Greenko Energy Holdings founders, Anil Chalamalasetty and Mahesh Kolli, raised an $800-million private credit loan to buy Orix Group's 20% stake in the company. The loan, arranged by Temasek-backed Clifford Capital and BlackRock, was syndicated by Deutsche Bank and Barclays.
- OpenAI says it raised $40 billion at valuation of $300 billion
SoftBank said in a release that it is on a mission to realize Artificial Super Intelligence (ASI) that surpasses human intelligence, and that OpenAI is the partner closest to achieving that goal.
- Electronics giants like Dixon Technologies, Micromax plan Rs 1,000 crore investment, partner hunt on
Leading electronics manufacturers such as Dixon Technologies, Micromax, and Optiemus Electronics plan to invest ₹1,000 crore each in the new ₹22,919-crore electronics component manufacturing scheme. The program aims to boost local production of high-value components and sub-assemblies, thereby enhancing domestic value addition and creating jobs.
- IndusInd Bank, stung by accounting lapses, raised $2 billion via market deposits in March
IndusInd Bank raised $2 billion in higher-cost bulk deposits in March to strengthen its funding base after accounting discrepancies led to concerns over its governance. The bank’s move to issue certificates of deposits at a higher rate aims to maintain liquidity amidst the scrutiny.
- Rs 17,000 crore IPO! Tata Capital’s D-St debut plan now hinges on NCLT nod for merger with Tata Motors Fin
Tata Capital has plans to raise USD 2 billion through an IPO with expectations of a valuation around USD 11 billion. The move is conditional on the final approval of Tata Motors Finance's merger by NCLT, anticipated to complete by FY25 end. The offering includes fresh issues and sales by existing shareholders.