Ola Electric Kicks Off $250-300m Fundraise Plan
India’s largest electrical two-wheeler firm Ola Electric Mobility is planning to boost a recent spherical of $250-300 million in development fairness to broaden two-wheeler operations and fund its deliberate battery facility, stated folks with data of the matter.
Bond Sales: PNB, IOB & DCB Bank could Face Higher Funding Costs
Punjab National Bank (PNB), Indian Overseas Bank (IOB) and DCB Bank could have to barter greater funding prices as these lenders search to promote bonds amid a worldwide turmoil attributable to the Swiss regulator’s write-down of practically $17 billion of Additional Tier 1 (AT-1) devices within the Credit Suisse bailout.
D-St Back in Green as Credit Suisse Deal Soothes Investors
Indian equities rose on Tuesday, monitoring the in a single day rebound within the US markets, on hopes that the banking disaster could be eased for now following Credit Suisse’s acquisition by UBS. The decline in crude oil costs additionally alleviated some worries. Investors are actually awaiting the result of the US Federal Reserve’s financial coverage assembly on Wednesday.
Source: economictimes.indiatimes.com