Sebi clears IPOs of Zetwerk, Rentomojo

BENGALURU: India’s startup IPO pipeline gathered further momentum on Friday as manufacturing platform Zetwerk, furniture rental company Rentomojo and defence technology firm Tonbo Imaging received Sebi approval for their proposed public issues.According to sources, Zetwerk plans to raise Rs 4,000-5,000 crore through its IPO. Source link

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EV ownership cost rises with battery-as-service

NEW DELHI: A Tata Punch EV priced at Rs 9.7 lakh can be driven home for Rs 6.5 lakh under a battery financing plan. Hyundai’s Creta Electric falls from Rs 18 lakh to Rs 11 lakh, while Maruti’s Grand Vitara EV becomes cheaper by almost Rs 8 lakh upfront.Those headline reductions are turning Battery-as-a-Service (BaaS)…

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Bloomberg introduces global trade in Indian bonds

Bloomberg has introduced a new electronic trading system that allows global investors to buy and sell Indian govt bonds more easily, marking an important step in opening up India’s bond market to the world. The company said it has completed its first fully-electronic trade in Indian govt bonds using this system. The new workflow enables…

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Is AI affecting GCC pace? Govt to assess

NEW DELHI: Govt will assess whether the rapid adoption of AI is affecting pace of expansion of global capability centres (GCCs) in India, Electronics and IT secretary S Krishnan said on Thursday, while arguing that AI could ultimately help the country attract higher-value work.At a CII event, Krishnan said it was “time to start measuring…

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