Posts in category All News
Rail Vikas Nigam successfully bids for South Eastern Railway project (09-07-2024)
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Expert panel suggests exchanges reduce options contract expiries: Report (09-07-2024)
The recommendations will be taken up for consideration next week, the sources added, declining to be named as they are not authorised to speak to the media
Virtual Galaxy Infotech raises Rs 21.44 cr ahead of IPO, to file DRHP soon (09-07-2024)
Virtual Galaxy Infotech on Tuesday said it has raised Rs 21.44 crore in its pre-IPO funding round from marquee investors.
The company is now gearing up to file its Draft Red Herring Prospectus (DRHP) with the stock exchange to launch its SME IPO, the company said in a statement.
Former RARE Enterprise Managing Director Devnanthan Govind Rajan, ex-director of Electra Partners Asia Fund Jayaraman Vishwanathan, and former COO & CFO of Yes Bank Asit Oberoi are among the investors who participated in the funding round.
Other investors include M Srinivas Rao, former MD at the Bill and Melinda Gates Foundation, India, Umesh Sahay and Abhishek Narbaria, Co-Founders of EFC(I); Darshan Gangolli, former Executive Director at Altico Capital (Real Estate Fund); Abhishek More, Founder and CEO of Digikore Studios; and Amit Mamgain, Senior VP of Equity Sales at AMSEC.
The company has appointed Shreni Shares as the merchant banker for the public offering.
Virtual Galaxy Infotech is a Hybrid SaaS .
Ashwin Sheth group plans to raise ₹2,500-3,000 crore in IPO (09-07-2024)
The real estate player plans to raise funds for expansion, debt reduction, and new projects in multiple cities
JSW Steel consolidated steel production at 6.35 Mnt in Q1 FY25 (09-07-2024)
JSW Steel reported consolidated Crude Steel production for the first quarter of FY 2024-25 at 6.35 million tonnes. The Crude Steel production was lower by 1% YoY and 6% QoQ mainly due to a planned maintenance shutdowns.
F.T.C. Slams Middlemen for High Drug Prices (09-07-2024)
In a report, the regulator sharply criticized pharmacy benefit managers, a turnaround from its longstanding tolerance of their practices.