Posts in category Business Standard
Solar manufacturer Waaree Energies files DRHP for Rs 3,000 cr IPO (29-12-2023)
Waaree Energies is the first solar manufacturer to go for initial public offering
US 10-year yield poised to end 2023 at almost exactly where it started (29-12-2023)
It's an almost farcical conclusion to 12 months of trading that saw rates on the benchmark - a global anchor for markets and US mortgage rates - tumble to as low as 3.25 per cent
Gail stock sees upward growth, owing to upcoming tariff hikes, new projects (29-12-2023)
Potential risks include volatile gas prices. Also as of now, petrochemicals spreads are still falling. But the stock, which hit a record high of Rs 164.25 in intra-day trade on Friday
Indian crypto investors may move to domestic platforms post FinMin’s notice (29-12-2023)
Ministry of Finance issued show-cause notices to nine offshore virtual digital assets (VDA) service providers
Bonanza for IPOs in 2023, 55 of 59 stocks trading above issue price (29-12-2023)
Analysts attribute these gains in the newly listed stocks to buoyant secondary markets, the enthusiastic participation of retail investors in IPOs, and strong foreign portfolio investor flows (FPIs)
Brokers target March-end timeline for offering UPI block facility (29-12-2023)
Experts said that the facility will offer a competitive edge to brokers leading to larger adoption over time
Indian shares, bonds likely to continue rallying in 2024 on foreign inflows (29-12-2023)
Banks, information technology firms and metals will lead India's stock rally, with some push from defence and renewables, a market expert said
Waaree Energies files IPO papers; plans to raise Rs 3K cr via fresh issue (29-12-2023)
Solar panel maker Waaree Energies on Friday filed fresh preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).
The IPO comprises a fresh issue of equity shares aggregating to Rs 3,000 crore and Offer For Sale (OFS) of 32 lakh equity shares by a promoter and existing shareholders, according to the draft red herring prospectus (DRHP).
Those selling shares in the OFS include promoter Waaree Sustainable Finance Private Ltd and shareholders -- Chandurkar Investments Private Ltd and Samir Surendra Shah.
Proceeds from the fresh issue will be used for setting up the 6GW (gigawatt) of Ingot Wafer, Solar Cell and Solar PV module manufacturing facility in Odisha. Besides, a portion will be used for general corporate purposes.
Waaree Energies, one of the major players in the solar energy industry in India, is focused on PV module manufacturing with an aggregate installed capacity of 12 GW as of June 30, 2023.
The Mumbai-based firm has a
Oil prices to end year 10% lower as demand concerns snap winning streak (29-12-2023)
Brent crude futures were up 33 cents, or 0.4%, at $77.48 a barrel at 0756 GMT on Friday, the last trading day of 2023
Stock market investor base surges, UP upends Gujarat from the 2nd position (29-12-2023)
UP surpassed Gujarat to take the second position in 2023 by adding 33.8 per cent of new stock market investors