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Sarvam’s unicorn raise; Big exits in new IPOsHappy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch.- Former Tech Mahindra executive Rajashree R joins VC firm Kalaari CapitalFormer Tech Mahindra executive Rajashree R has joined venture capital firm Kalaari Capital, bringing nearly two decades of IT sector experi...
- 'No GPS, no pilot, no cloud': How an Indian drone startup using 'physical AI' reached 'Sam Altman-led' Y Combinator after Shark Tank India crashTwo years after their dramatic Shark Tank India pitch where their drone nearly crashed, Vecros founders Prem Sai and Rajashree Devta have m...
- JM Financial reiterates Buy on Hindalco, target price Rs 800JM Financial recommends buying Hindalco Industries with a target price of Rs 800. Currently priced at Rs 653.6, Hindalco exhibits promising...
- ‘India’s story is firm, it’s time to lead capital forward’: Kumar Mangalam Birla at ET AwardsKumar Mangalam Birla emphasized the importance of investment in remaining competitive globally, acknowledging the ET Business Leader of the...
- JSW MG Motor India partners with Ecofy for EV financingJSW MG Motor India has partnered with Eversource Capital-backed NBFC Ecofy to offer financing and leasing solutions for up to 10,000 JSW MG...
- Climate-focussed NBFC Ecofy secures Rs 90 crore in equity funding from Dutch bank FMOWith this infusion, Ecofy plans to grow its loan book, diversify its product base and eventually improve its own credit rating, the company...
- Buy Hindalco Industries, target price Rs 530: JM FinancialHindalco’s strategic downstream capital allocation and increased coal security in India operations remain key triggers for earnings traject...
- India’s 'Green' retail NBFC Ecofy promoted by Eversource Capital launchedEcofy’s offerings include loans, leases, insurance, warranties, and buybacks for all green needs. Ecofy is born digital and uses technology...
- Fullerton India raises Rs 750 crore equity capital from parent firmThe company is well placed to bounce back strongly and re-connect with customers to assess their needs and provide solutions, Nambiar said.
- Edelweiss maintains ‘buy’ on Hindalco, target price Rs 250We are upbeat on Hindalco’s prudent capital allocation and focus on cost reduction/value addition in the India business, said the brokerage.
- HSBC retains buy on Hindalco Industries, target price Rs 260The management clearly stated its intention not to infuse further capital in Idea, said HSBC.
- Temasek to infuse Rs 200-300 crore more into FullertonFullerton will also raise Rs 10,000 crore through debt and commercial paper.
- Fullerton's Natarajan to be Reliance Capital COO“Reliance Capital has a strong business and a great opportunity in the financial services sector,”
- We are on a fast growth trajectory: Rajashree Nambiar, CEO, IIFL"We are quite optimistic about the fact that we have been keeping a very strict check on our risk management and we are hopeful of rating u...
- India Infoline will extend loans to Snapdeal sellersIIFL aims to further improve the process by providing self-service portal to suppliers for managing disbursements and undertaking other tra...
- UltraTech Cement Ltd earmarks capex of Rs 7,000 crore for expansionThe company's installed capacity has been scaled up to nearly 62 million tonnes (MT) annually, inclusive of 3 MT overseas.
- IIFL consolidated Q1 net profit up 48 per centIndia Infoline's consolidated net profit grew 48 per cent in the first quarter to Rs 94 crore on increase in lending as well as capital mar...
- IIFL NCD witness decent investors interestNCD issuance of IIFL has managed to collect over Rs 110 cr on Wed, the first day of subscribing to the issue, according to sources in merch...
- Advani richer by Rs 2.25 crThe Gujarat capital was swarmed with cops and most public activities were halted on Wednesday when BJP’s prime ministerial candidate L K Ad...
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