Category: Business

Business

SolarSquare raises $40 million in Series B funding round

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SolarSquare raises million in Series B funding round

SolarSquare which is into home solar, said it has raised $40 million in its Series B funding round led by Lightspeed with participation from Lightrock. Existing investors Elevation Capital, Chris Sacca’s Lowercarbon, Nithin Kamath’s Rainmatter, and Gruhas Proptech also invested in the round, the firm said. A residential solar brand the firm eliminates middlemen and…

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Business

MSMEs appeal to Finance Commission for special funds

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MSMEs appeal to Finance Commission for special funds

The micro, small, and medium enterprises (MSMEs) in the State have appealed to the 16th Finance Commission to give special consideration and allocate funds considering their importance to the economy in terms of contributions to domestic industrial production, foreign exchange earnings, and massive employment generation. The appeal was made before the visiting members of the…

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Business

India’s ReNew Energy offered to be taken private in $2.82 billion deal

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India’s ReNew Energy offered to be taken private in .82 billion deal

Some of the biggest investors in ReNew Energy Global have offered to take the company private, filings to the U.S. Securities And Exchange Commission (SEC) show, in a proposed deal that values the generator at $2.82 billion, according to Reuters calculations. Major shareholders Canada Pension Plan Investment Board, UAE-based Masdar, chairman Sumant Sinha and a…

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One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

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One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

 Mobikwik has reduced its IPO size from its earlier plans of ₹1,900 crore in 2021 to ₹700 crore in January this year to ₹572 crore now. File. | Photo Credit: Reuters The initial public offering (IPO) of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the…

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Business

Sensex, Nifty edge up in choppy trade amid caution ahead of U.S. inflation data

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Sensex, Nifty edge up in choppy trade amid caution ahead of U.S. inflation data

Image for representational purposes only | Photo Credit: The Hindu Benchmark equity indices Sensex and Nifty closed higher in choppy trade on Wednesday (December 11, 2024) as investors awaited key U.S. inflation data for further cues. The 30-share BSE Sensex rose by 16.09 points or 0.02% to close at 81,526.14. Snapping its three-day losing run,…

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Business

Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman

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Need to blend commercial considerations with economic priorities, strategic needs: Sitharaman

Union Finance Minister Nirmala Sitharaman addresses a gathering during the CII Global Economic Policy Forum 2024, in New Delhi on December 11, 2024. | Photo Credit: PTI Finance Minister Nirmala Sitharaman on Wednesday (December 11, 2024) stressed that India Inc.’s commercial considerations should blend with the economy, nation’s priorities and strategic needs. Asking the industry…

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Business

Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade

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Rupee falls 2 paise to all-time low of 84.87 against U.S. dollar in early trade

Image used for representation purpose only. File | Photo Credit: V.V. Krishnan The rupee fell 2 paise to all-time low of 84.87 against the U.S. dollar in early trade on Wednesday (December 11, 2024), amid rising expectations of a shift in the Reserve Bank’s monetary policy stance post the appointment of Sanjay Malhotra as the…

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Business

Sensex, Nifty swing between high, lows in volatile trade ahead of U.S. inflation data

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Sensex, Nifty swing between high, lows in volatile trade ahead of U.S. inflation data

From the 30-share pack, UltraTech Cement, Nestle India, Mahindra & Mahindra, Sun Pharmaceutical, Asian Paints, Maruti, Infosys and Tata Motors were among the gainers. | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty edged up in volatile trade on Wednesday (December 11, 2024) amid mixed global trends ahead of the U.S. inflation data….

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Business

Tesla restarts search for Delhi showroom with DLF, sources say

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Tesla restarts search for Delhi showroom with DLF, sources say

Tesla has resumed its search for showroom space in the national capital. File | Photo Credit: Reuters Elon Musk’s Tesla has resumed its search for showroom space in the national capital, two sources told Reuters, in the first sign it is rethinking entering the Indian market after putting its investment plans on hold earlier this…

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