The former teacher is seeking funding to finance the stake repurchases — which could amount to as much as 15% of the firm — by using his shares as collateral, according to the people.
The planned fund raising, which one of the sources said will close within two months, is an indication that investors may be starting to get more comfortable with Indian technology company valuations after the poor market performance in 2022 of some high-flying startups and amid a global tech sector rout.
San Diego-based General Atomics Aeronautical Systems (GA-ASI), a subsidiary of General Atomics, said its partnership with Bharat Forge Ltd will result in significant capability-building for both companies and provide an impetus to the Indian large, unmanned aircraft industry.
The authority will identify violations of building bylaws and town planning rules and then issue notices for their removal.The company is eyeing Rs 1,000-plus crore in revenue from the new project
If the index manages to hold on to 18,000 mark in the coming session, then there is a possibility of rebound. But breaking of the […]
ICICI Direct is bullish on NCC recommended buy rating on the stock with a target price of Rs 110 in its research report dated January […]
The BSE midcap and smallcap indices are down nearly one percent each.
All the sectoral indices ended in red. BSE midcap and smallcap indices were down nearly 1 percent each.
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