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Indian Overseas Bank Initiates QIP to Secure Rs 2,000 Crore, Aiming to Reduce Government's Stake

Ryan Peterson 20 Mar, 2025

Indian Overseas Bank (IOB) launches a QIP to raise Rs 2,000 crore, aiming to reduce the government's stake and comply with SEBI's MPS mandate. Additionally, the bank plans to issue...

Business

India's Domestic Aviation Braces for a Rs 2,000 Crore Hit in FY25 Amid Engine and Supply Chain Woes

Jessica Bennett 14 Jan, 2025

India's domestic aviation industry is projected to face a net loss of Rs 2,000 to Rs 3,000 crore in FY25 due to supply chain disruptions and engine issues, despite a 7.3% increase ...

Business

Vishal Mega Mart's Rs 2,400 Cr Anchor Round Successfully Secures Prominent Investors Ahead of IPO

Olivia Carter 12 Dec, 2024

Vishal Mega Mart secures Rs 2,400 crore from anchor investors ahead of IPO launch, with prominent investors participating in the anchor round. The IPO will be available for subscri...