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FUNDRAISING FOR MUNICIPALITIES
Chinese AI startup StepFun to unwind offshore structure to pave way for IPOShanghai-based StepFun, which develops general-purpose foundation models, has decided an onshore corporate structure would be more appropri...
Nashik to raise another Rs 200 crore in municipal bonds by FebruaryNashik Municipal Corporation is targeting to raise another Rs 200 crore from the municipal bonds route by February next year, a top officia...
Interest subsidies lift municipal bond issuances to new recordMunicipal bonds in India have reached a record high this fiscal, surpassing ₹1,000 crore, driven by government interest subsidies and SEBI'...
B2B plastic recycling startup Recove raises Rs 5.3 crore in pre-seed round led by Momentum CapitalGanesh Natarajan (ex-CEO, Aptech & Zensar), Ashish Goel (co-founder, Urban Ladder), Chaitanya Kejriwal, and Shruti Deorah participated in t...
Govt may raise interest subvention cap beyond Rs 26 crore to promote issuance of municipal bondsThe government is considering increasing interest subvention beyond the current Rs 26 crore per urban local body to boost municipal bond is...
NaBFID to borrow USD 1 billion from foreign shores in FY26; sees tariffs not impacting disbursementsNational Bank for Financing Infrastructure and Development aims to secure up to USD 1 billion from global markets in fiscal year 2026. The ...
Mumbai Marathon: 65,000 run for a change tomorrow could bringOver 65,000 participants joined the 20th Tata Mumbai Marathon, highlighting India's growing running culture. The event included full and ha...
Sebi focuses on improving quality of info given to investorsAdditionally, the regulator has proposed to create a closed ecosystem for fee collection by registered IAs and RAs through a separate mecha...
Six civic bodies likely to debut on Bond Street by next monthNashik, Visakhapatnam, Kanpur, Surat, Varanasi, and Prayagraj are likely to issue municipal bonds by July with a fundraise of Rs 100-300 cr...
Urbanisation = growthWhile the post-WW2 world experienced rapid urbanisation, India followed suit at a slower and more haphazard pace. Misguided attempts to com...
India's Gujarat state civic body issues Asia's first certified green municipal bondIndia's Vadodara Municipal Corporation has raised 1 billion rupees ($12.07 million) by issuing Asia's first certified green municipal bond,...
Tencent-backed AI chip startup Enflame raises $2.7 billion from state-linked investors, othersThe deal came as the development of generative AI, boosted by the success of OpenAI's ChatGPT, raises investor interest in companies workin...
Indian companies likely to raise funds via public issues in 2023 as cash tightens: Bankers"As rates are settling at higher levels, retail investors would be keen to put funds in public issues," said Ajay Manglunia, managing direc...
Uttar Pradesh’s temple towns bonding with modern finance to rebuild creaking infraMunicipal corporations of these UP towns are likely to raise as much as ₹1,000 crore between them in the next few months, taking advantage ...
Ghaziabad Municipal Corp lists first green bondsGhaziabad Municipal Corporation, a civic body in Uttar Pradesh, has raised Rs 150 crore through the issuance of green bonds and the proceed...
GHMC to raise Rs 2,500 crore via rupee term loanSBI Capital Markets (SBICAP) has been appointed as the arranger to raise the funds.
Municipal bodies line up to tap the debt marketThey need the money to spend on civic infrastructure in their cities.