New Delhi: The company’s board approved a proposal in July 2026 to raise up to ₹15,000 crore through a Qualified Institutional Placement (QIP) or other permitted methods. At the same time, Adani Power proposed increasing its overall borrowing limit from ₹75,000 crore to ₹1 lakh crore. Shareholders subsequently approved the higher borrowing limit. The fundraising plan comes at a time when India’s power sector is entering another major investment cycle. Electricity demand is rising because of industrial activity, urbanisation, data centres, electric mobility and the wider digital economy. Adani Power is already one of the country’s largest private-sector power producers,…
Author: Ansh Singh
Ansh Singh
Ansh Singh is a journalist and writer who covers Entrepreneurship, Business, Startups, and Fintech. When not working, you will find him reading insightful case studies, exploring ideas online, and journaling by the beach.
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Surat, September 3: World Talent Organization USA (WTO USA) has appointed Primex Group as its Official Partner for India Operations, strengthening its presence in the country and expanding initiatives linked to The Brand Bharat and International Business Certification. Under the leadership of Founder Nitesh Desai, Primex Group will support the coordination and development of designated WTO USA initiatives across India, including building relationships with businesses, entrepreneurs, professionals and institutions. The appointment follows the recent launch of The Brand Bharat, an international business recognition and certification initiative introduced by WTO USA to recognise and promote Indian businesses and entrepreneurs and provide…
New Delhi: The Islamabad High Court (IHC) has directed authorities at Adiala Jail in Rawalpindi to ensure that former Pakistan Prime Minister Imran Khan and his wife, Bushra Bibi, are not kept in solitary confinement, providing a significant relief to the jailed couple amid continuing concerns over their prison conditions. The order was issued on Tuesday, September 1, after the court took up petitions concerning the alleged solitary confinement of Khan and Bushra Bibi. The petitions were filed by Imran Khan’s sister Aleema Khan and Bushra Bibi’s daughter Mubashra Khawar Maneka, seeking better access and facilities for the two prisoners.…
New Delhi: Purple Style Labs (PSL), the parent company of luxury fashion platform Pernia’s Pop-Up Shop, has entered the public markets with a ₹680-crore Initial Public Offering (IPO). Founded by IIT Bombay aerospace engineer-turned-entrepreneur Abhishek “Monty” Agarwal, the company is looking to build a global business around Indian luxury and designer fashion. The IPO opened on August 31 and will close on September 2, 2026. The price band has been fixed at ₹546–₹575 per share, giving the company an implied post-issue valuation of around ₹4,603 crore at the upper end. Ahead of the issue, PSL raised ₹306 crore from anchor…
New Delhi: The National Company Law Tribunal (NCLT), New Delhi, has halted the approval of the repayment plan submitted by Zee Group founder Subhash Chandra and formed a new five-member committee to re-evaluate the case. The National Company Law Tribunal (NCLT), New Delhi has paused earlier approval of the repayment plan filed by Zee Group founder Subhash Chandra and constituted a new five-member committee to review the case anew. The new move is remarkable as the repayment proposal had been receiving a lot of attention due to the huge difference in amount offered to the creditors and the total claims…
New Delhi: Indian equity markets came under fresh pressure on August 31, as rising crude oil prices, growing expectations of a US Federal Reserve rate hike and global geopolitical concerns weighed on investor sentiment. The Nifty 50 fell 0.68% to 24,011.48, while the BSE Sensex declined 0.58% to 76,824.45 during the session. The decline came as Brent crude prices moved towards the $90-a-barrel level, increasing concerns about inflation and India’s import bill. India remains highly dependent on imported crude oil, making global oil prices an important factor for the country’s currency, inflation and corporate costs. A sustained rise in crude…
New Delhi, August 29: India offers a huge market, human resources, developing infrastructure, digital capabilities and ongoing economic reforms, said Union Finance and Corporate Affairs Minister Nirmala Sitharaman, who has made India an attractive choice for foreign investment. At the high-level Business Roundtable with investors and business leaders in Chicago, United States, Sitharaman made the remarks. The meeting centered onfly the opportunities arising in the Indian industry in advanced sectors such as manufacturing, artificial intelligence, digital technology, financial services, infrastructure, food processing, defence and others. During the meeting, the message, “Manufacture in India, for India and for the world” was…
New Delhi: India’s wealth story is changing as new industries join the traditional sectors that have historically created the country’s richest families. For decades, major fortunes were closely linked to sectors such as commodities, manufacturing, energy, construction and finance. Today, technology, digital platforms, healthcare, retail and startups are becoming increasingly important sources of wealth. Forbes’ 2025 list of India’s richest people placed Mukesh Ambani at the top with an estimated $105 billion, followed by Gautam Adani and family at $92 billion. But the list also included major fortunes built in technology, healthcare, finance and retail. India has also developed one…
New Delhi, August 29: Park Medi World Limited, one of North India’s leading hospital chains, reported its strongest financial and operational performance in FY2025-26, with consolidated revenue from operations rising 21% year-on-year to ₹1,679.4 crore. EBITDA, excluding other income, increased 20% to ₹444.3 crore, while profit after tax rose 27% to ₹273.6 crore. The company’s EBITDA margin stood at 26.5%, while PAT margin improved to 16.3% from 15.5% in the previous financial year. The healthcare company served more than 8.73 lakh patients during FY26, marking its highest-ever patient volume. Average Revenue Per Occupied Bed (ARPOB) increased 6.9% year-on-year to ₹28,005,…
Mumbai, August 29: Shanti Inorganics Limited, a manufacturer and supplier of sulphur-based inorganic chemicals, proposes to open its Initial Public Offering (“IPO”) on Monday, August 31, 2026. The Company aims to raise ₹47.23 Crores (at upper price band), with its equity shares proposed to be listed on the NSE Emerge platform. The Issue comprises of 56,91,200 equity shares with a face value of ₹ 10 each, offered at a price band of ₹79 – ₹83 per Equity Share. Equity Share Allocation Anchor Investors – 16,20,800 Equity Shares Net Qualified Institutional Buyers (QIBs) – 10,80,000 Equity Shares Non-Institutional Investors (NIIs) – 8,11,200 Equity Shares Individual Investors –…
