Stanley Lifestyles Raises Rs 161 Crore Ahead of IPO
NEW DELHI: Luxury furniture brand Stanley Lifestyles announced on Thursday that it successfully garnered over Rs 161 crore from anchor investors, just a day before its initial share-sale. The allocated shareholders include prestigious names like SBI Mutual Fund, HDFC Mutual Fund, and Max Life Insurance Company, among others, according to a circular on BSE’s website. […]
India Permits Rice Exports to Africa Amid Domestic Ban
NEW DELHI: In a strategic move to support global food security, the Indian government has authorized the export of 2,000 tonnes of non-basmati white rice to Malawi and Zimbabwe. The Directorate General of Foreign Trade (DGFT) confirmed this in a recent notification. Although India banned non-basmati white rice exports in July 2023 to stabilize domestic […]
Indian Tech Startups Surge Ahead with $4.1 Billion in Funding for H1 2024
NEW DELHI: Indian tech startups have secured an impressive total of $4.1 billion in funding during the first half of 2024, reflecting a 4% increase from the latter half of 2023, according to Tracxn’s latest report. Although this figure represents a notable decline from the $4.8 billion raised in H1 2023, India continues to hold […]
Real Estate Debt Financing in India: Unveiling a Rs 14 Lakh Crore Opportunity
NEW DELHI: The real estate sector in India has seen a significant debt sanctioning of Rs 9.63 lakh crore during the 2018-23 period, paving the way for further debt financing opportunities amounting to Rs 14 lakh crore over the next three years, as revealed by a joint report from JLL India and Propstack. In the […]