Tejas Networks – Product based IT business in a favored sector? (18-10-2024)
Current order backlog is only 4845 cr , which Tejas will exhaust in less than 2 quarters at similar level of execution. Key factor to monitor is order wins. Management mentioned that the outcome of the Sanchar Net tender will be announced in the coming few weeks, and there are some delays with the Kavach.
Titan Company Ltd : a three decade old company (18-10-2024)
CSR activity by Titan eye plus…
Waaree Energies raises Rs 1,277 crore from anchor investors ahead of IPO (18-10-2024)
Waaree Energies raised Rs 1277 crore from 92 anchor investors ahead of its IPO, allocating 84.95 lakh shares at Rs 1,503 each. Funds will be used for a 6 GW manufacturing facility and general corporate purposes. Revenue and profit surged significantly in Fiscal 2024.
Private equity, venture capital bets fall 40% to $8.8 bn in Q2: Report (18-10-2024)
Private equity and venture capital funds’ investments declined by 40 per cent to USD 8.8 billion in the September quarter, a report said on Friday.
The decline in overall investments happened despite the number of deals being 26 per cent higher during the same period at 283 transactions, the report by industry lobby grouping IVCA and consultancy firm EY said.
“Geopolitical tensions have created uncertainty, dampening investment sentiment as investors become more cautious, leading to slowing deal-making. This sluggishness may persist if global uncertainties continue,” the consultancy firm’s partner Vivek Soni said.
However, the firm’s outlook remains “cautiously optimistic” as India’s fiscal health remains strong, he added.
Large deals of over USD 100 million more than halved to 21 with a cumulative value of USD 5.5 billion, the report said, adding pure-play PE/VC deals, excluding real estate and infrastructure, were 30 per cent lower at USD 6.5 billion.
The largest deal during the
BLS International (18-10-2024)
Temasek to pick up 18% stake in VFS Global for $950 mn: Report
Source: Moneycontrol https://search.app/?link=https://www.moneycontrol.com/news/business/temasek-to-pick-up-18-stake-in-vfs-global-for-950-mn-report-12844052.html&utm_source=dsdfns,sh/x/discover/m1/5